Pharmaceuticals Sector Enterprises ICT Investment Trends and Future Outlook by Segments Hardware, Software, IT Services and Network and Communications

According to GlobalData’s Information & Communication Technology (ICT) customer insight survey, a majority of enterprises in the pharmaceuticals sector will see their ICT budgets increase slightly in 2022 compared to 2021. The survey reveals that most enterprises see a slight increase in ICT budgets for internal ICT departments and business functions in 2022 over 2021.

The pharmaceuticals sector enterprises ICT investment trends research report provides a thorough analysis of pharmaceuticals sector enterprises ICT investment trends and how it has changed this year compared to the previous year. It also offers an easily digestible market assessment for decision-makers built around research gathered from the local IT decision-makers, which enables executives to quickly get up to speed with the current and emerging trends in pharmaceuticals sector enterprises ICT investment priorities.

Pharmaceuticals Sector Enterprises ICT Investment Budget Allocations Dynamics

GlobalData’s ICT decision-makers survey reveals a positive outlook for enterprise ICT spending in the pharmaceuticals sector, with a majority claiming that there has been a slight increase in their enterprise ICT budget for 2022 compared to 2021. With the rising popularity of generic drugs and the extinction of patents, pharmaceutical companies are increasingly focusing on R&D activities to develop innovative molecules derived from biotechnology and tailored as per a patient’s health needs.

ICT plays a key role in creating databases to direct R&D activities and clinical trials without relying on traditional trial and error methods. Further, ICT technologies enable scientists to collaborate in multiple fields such as biology and informatics. Consistent with the increase in the overall enterprise ICT budget for 2022, GlobalData’s survey suggests that there has been a considerable growth in enterprise budgets for both new ICT projects as well as for the maintenance of existing ICT systems and applications.

Pharmaceuticals Sector Enterprises ICT Investment Budget Allocation Segmentation by ICT products/services

The key ICT products or services in the pharmaceuticals sector enterprises ICT budget allocations are internal costs, hardware, software, network & communications, ICT services, consulting, and others. GlobalData’s survey findings suggest that the enterprise ICT budget allocations for most ICT product/service areas in the pharmaceuticals sector have increased in 2022 compared to 2021.

Pharmaceuticals Sector Enterprises ICT Investment Budget Allocation Segmentation by Business Functions

The key business function in the pharmaceuticals sector enterprise ICT budget allocations are procurement & operations, human resources & legal, finance & accounting, sales, marketing, & consumer relations, and research & development. GlobalData’s survey findings suggest that the enterprise ICT budget allocations for most business functions in the pharmaceuticals sector have increased in 2022 compared to 2021.

Pharmaceuticals Sector Enterprises Cloud & Digital Transformation Segmentation by Implementation Models

The key implementation models for pharmaceuticals sector enterprise cloud & digital transformation are public cloud, private cloud, hybrid cloud, cloud services, and cloud management platforms.

Pharmaceuticals Sector Enterprises Public Cloud Budget Allocation Segmentation By Service Type

The key types of services in the pharmaceuticals sector public cloud market are IaaS, PaaS, and SaaS. Most enterprises in see their public cloud computing budget allocations increase slightly for all the service types in 2022 compared to 2021.

Pharmaceuticals Sector Enterprises ICT Budget Allocations Segmentation By Segments

The key categories in pharmaceuticals sector enterprise budget allocations are hardware budget allocations, software budget allocations, managed IT services budget allocations, ICT consulting services budget allocations, network & communication budget allocations, and private mobile networks (LTE/5G) budget allocations.

Pharmaceuticals Sector Enterprises Hardware Budget Allocations Segmentation By Category

The key categories in the pharmaceuticals sector enterprise hardware budget allocations are network equipment, security equipment, servers, storage, desktop services & user support, communication devices, and others. According to GlobalData’s survey, enterprise budget allocations across most hardware categories have witnessed moderate increases in 2022 compared with 2021.

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Pharmaceuticals Sector Enterprises ICT Investment Trends Report Overview

Scope 

• According to GlobalData’s Information & Communication Technology (ICT) customer insight survey, a majority of enterprises in the pharmaceuticals sector will see their ICT budgets increase slightly in 2022 compared to 2021.
• Digital transformation leveraging disruptive technologies like edge computing, IoT, AI, and ML is an ICT investment priority for enterprises in the pharmaceuticals sector in 2022.
• Most enterprises seem to have a slight increase in their software budget allocations across all software categories in 2022 compared to 2021, while for security and data management and analytics a notable proportion witnessed a significant increase.
• Content-filtering and anti-spam will remain a popular security hardware investment area in the next two years, while data protection/security will be a popular security software investment area in the next two years.

Reasons to Buy

• The report is based on GlobalData’s IT Customer Insight Survey carried out annually covering key ICT decision-makers from enterprises across various industry verticals to understand their ICT investment priorities and trends.
• This survey report offers a thorough analysis of Enterprise ICT Investment Trends and how it has changed this year compared to the previous year.
• The report also presents an analysis of enterprise ICT budget allocations by various spending areas, business functions, and product/service categories and how they have changed this year compared to previous years.
• With more than 50 charts the report is designed for an executive-level audience, boasting presentation quality.
• The report provides insights in a concise format to help executives build proactive and profitable growth strategies.
• The report provides an easily digestible market assessment for decision-makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in enterprise ICT investment priorities.