Global Electronic Data Capture Systems Market (2021 to 2026) - by Component, Delivery Mode, Deployment Phase, End User and Geography - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Electronic Data Capture Systems Market (2021-2026) by Component, Delivery Mode, Deployment Phase, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Electronic Data Capture Systems Market is estimated to be USD 592.4 million 2020 and is expected to reach USD 1222.94 million by 2025, growing at a CAGR of 15.6%.

Electronic data capture systems application improves data integration, remote data access, cost saving, and less time consumption to handle complex databases. Implementing electronic data capture systems in the healthcare sector to manage clinical trial data is a major factor driving market growth. Increasing big data and artificial intelligence is expected to spur the market growth. Moreover, new innovative developments in cloud-based data capture systems are anticipated to provide lucrative opportunities in market growth.

However, the requirement of a skilled person and significant dependency on traditional data capture systems in developing counties are the factors hindering the market growth.

Recent Developments

1. ClinCapture launched Virtual Data Capture to improve clinical research management of decentralized and remote trials with minimum in-person patient contact - 5th January 2021

2. EvidentIQ group launched new eCOA and eFeasibility offering combining scientific services with a comprehensive software suite usable on any device. The solution can be used as stand-alone or fully integrated into existing eClinical technologies, such as EDC systems. - 15th March 2021

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Electronic Data Capture Systems Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains a competitive analysis using the Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Increasing demand for complex data management in various sectors
• Government initiatives in digitalization

Restraints

• High Investment cost
• Security and privacy concerns

Opportunities

• Acquisition and partnership strategies of companies to expand product line
• Rapid growth of cloud computing technology.

Challenges

• Significant reliability on traditional process
• Requirement of IT staff for maintenance and support

Companies Mentioned

• Acceliant
• Anju Software, Inc.
• BioClinica
• Castor EDC
• Clinion IT Services
• Clinipace, Inc
• Cloud9-Software
• Datatrak International, Inc.
• Device Magic
• eClinical Solutions
• Forms On Fire, Inc.
• Medidata Solutions, Inc.
• Medrio, Inc.
• Merge Healthcare, Inc.
• Openclinica LLC
• Oracle Corporation
• Parexel International Corporation
• Spatial Networks, Inc.
• Zenput Inc.
• WorldAPP Inc.

For more information about this report visit https://www.researchandmarkets.com/r/v3unfx.