TECHNOLOGY FACTS

Automotive Coatings Market Shows Promising Growth Opportunities Over 2018-2027

The automotive coatings market continues to witness significant transformation ranging from new material developments in the vehicle production to higher popularity of traditional colors compared to “more colorful” alternatives. The automotive coatings market is expected to witness an increase in volume sales of over 3,500 tons in 2018 over 2017, according to a recent Fact.MR study. Refinish formulations continue to gain center stage in the automotive coatings market, while water-borne coatings are gaining increased focus for basecoats.

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Water borne automotive coatings have gained utter prominence over the years of evolution, primarily driven by environmental and health concerns of the solvent-borne automotive coatings. The study estimates nearly 6 in 10 tons of automotive coating sold worldwide in 2018 to be water-borne. However, demand for waterborne coatings as primer surface layer is likely to witness decline in tandem with increasing palpability of UV cure automotive coatings.

UV cure variants, albeit accounting for minor share of the market currently, have emerged as fast-selling automotive coatings and the status quo is likely to prevail in 2018 and beyond. Demand for solvent borne coatings is expected to remain higher than solvent-borne coatings in 2018, despite concerns regarding their environmental and health impacts. Preference for solvent borne automotive coatings is primarily undergird by their relative superiority in retention of pigments liquid and binding agents.

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Fact.MR study opines that acrylics will remain the top-selling resin in the automotive coatings market, as these resins witness predominant use in passenger cars, trailed by fluoropolymers. However, recent shift in manufacturer preferences have led the demand for amines and poly alkyds, and it is highly likely that these resins will record relatively faster volume sales in 2018 and beyond.

Shares of the automotive coatings market are expected to remain clustered at the top and splintered at the bottom. Top 5 players will collectively account for nearly 40% share of the automotive coatings market. Supremacy of these players will be upheld by their sound operations and robust sales infrastructure worldwide. Small and mid-sized automotive coatings manufacturers are focused toward collaborations with established players as a key expansion strategy to strengthen their distribution and manufacturing capabilities.

Leading automotive coatings manufacturing companies emphasize providing automotive OEMs and key Tier 1 customers with value-added, best-in-class service products. These products are targeted at cutting down cost for customers while increasing their shareholder value in the automotive coatings market. Provision of cost-effective structure management to customers for maintaining safety standards and enabling process optimization, is a key focus area of leading automotive coatings market players.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Excavator Market to Reflect Impressive Growth Rate by 2026

Fact.MR recently published a comprehensive study on excavator market, which opines that the excavator market will witness modest 3.2% volume y-o-y in 2019 over 2018. The Fact.MR study finds that the demand for excavator will improve as the heavy construction equipment industry has been recovering from a major slump. Owing to the positive growth of the construction industry, especially in developing countries, excavator market is expected to witness steadily increasing growth in the future.

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Excavators are commonly used in a wide range of sectors including construction, mining, agriculture, and forestry. However, according to the Fact.MR report, the construction industry is expected to hold the largest volume share – approximately 72% — by the end of 2019. Manufacturers in the excavator market are focusing on introducing performance features that will suit the requirements of end-users from the construction industry to capitalize on the increasing demand for excavators as a construction equipment.

Excavator market players are upgrading the design of excavators by incorporating advanced technologies to offer improved efficiency, which can help end-users to increase productivity and operators’ safety.

The Fact.MR report finds that the sales of excavators as a construction machinery were around 5.5x higher than its sales as a forestry & agricultural equipment in 2018. Higher demand for excavators in the construction industry is mainly spurred by roads and highway projects, and the study remains bullish of the potential rise in share of construction industry in global sales of excavators in the coming future.

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Apart from its applications in the construction industry, excavators are also used in the agriculture industry and mining industry, which have been contributing greatly to growth of the excavator market.

Despite steady demand from construction industry, stringent environmental regulation and high quality standards for conventional excavators continue to create manufacturing challenges for market players.

Conventional excavators are subject to guidelines regulating the use and operation of heavy equipment. Manufacturers in the excavator market need to conform to these stringent regulatory requirement, which may add to the production cost, ultimately restricting manufacturers from maintaining competitive prices.

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Barge Transportation Market Value Chain and Forecast 2019 – 2027

Barge Transportation has witnessed moderate growth over the past decade across the globe. However, with the industrial growth and advancements in the manufacturing of a wide range of Barge Transportation which are both versatile and fascinating leads to increase the sales of Barge Transportation across the globe. Barge Transportation is considered one of the major segment of marine transportation. A significant evolution of Barge Transportation in recent years has provided a feasible amplification to the variety of services, thereby driving developments in the Barge Transportation industry. Furthermore, specific features and properties and require competencies within the manufacturing technology are likely to provide growth opportunities to Barge Transportation.

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The import-export of crude oil and petrochemical is extensively depended upon marine transportation, and increasing demand for oil & petroleum products strengthen the trade, results in the growth of barge transportation market. The strong interconnectivity of canal and rivers across the countries and regions will fuel the business and will lead to an increases demand for petrochemical transportation. As a result, could boost the manufacturing of Tank Barges. Advantages of barges transportation in terms of emissions, fuel usage and capacity compare to railcars and trucks are the key factors deriving the growth of barge transportation market in the near future. The rising consumption of North American oil is escalating lot of barges, as several petrochemical and energy companies mainly turn to the canal, coastal and rivers waterways to get North American crude to refineries in U.S. and Canada and will increase the usage of liquid cargo barge over the forecast period. With expanding petrochemical industry rise the shipments across the regions. The expanding usage of inland waterways in the transportation of chemical, agricultural and farms products will further propel the growth of barge transportation market.

With increasing seaborne trade, demand for the development of new port and continuous maintenance of the existing one is expanding. As the port management becoming complex and robust, federal governments are looking for port privatization. For instance, the national governments of the USA and Canada are facing the problem with the trade surge. As a result, policies are being formed regarding port developments under private organizations leads to the building of new ports which will increase the trade and cater to the growth of barge transportation market.

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During the past few years, ocean freight has witnessed a positive growth in SEA and Western Europe countries. Counties in this region have large logistical operations. These logistical operations need large vessel for inland, offshore and ocean transportation. This creates potential demand for barge transportation across the globe. Moreover, mandatory government regulations are also contributing to the growth of the marine electronics market. Many companies are establishing their foundries in Western Europe, China and Japan. With the growth of ocean logistical operations, the marine electronics market is witnessing a potential demand, and is expected to grow with the growth of logistics demand during the forecast period.

The increasing price pressure is one of the prominent factors for the consolidation of the transportation sector. The trend of getting larger fleets will prevail over the forecast period in the Middle East and North Africa barge transportation market. In the Middle East and Africa Market, the number of potential consumers is declining, and the purchasing power of the prominent players is increasing at a good pace. The market for the barge transportation in the MEA region will face stiff competition between the global market participants for gaining higher market share. The concept of sharing and renting leads to increases the barge transportation in the Middle East and North Africa market at significant rate, and it is projected to remain popular throughout the forecast period.

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Automotive HVAC Market Size Expansion by Top Players Profile Overview till 2027

The progression of the air conditioning systems in passenger cars, light commercial vehicles and heavy commercial vehicles has been one of the noteworthy advances in the 20th century. It is assessed that more than 85% of the new passenger cars sold across the globe currently have an air-conditioning system, and the number is expected to increase by 2027. Growing sale of vehicles and inclination toward safety and luxury are the main factors which are driving the global automotive HVAC market.

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Heating, ventilation, and air conditioning (HVAC) system in a vehicle is utilized to control the interior temperature of the vehicle cabin. HVAC system primarily consist of three subsystems, namely, heating, cooling, and air conditioning, which collaboratively work to offer decontaminated air to the vehicle cabin, guaranteeing thermal coziness to drivers and passengers. HVAC system controls the air temperature, scrutinizes the moisture content in the air, and eradicates unnecessary humidity from the circulating air. Well-established companies, such as Audi, Mercedes, Ford, and BMW, primarily focus on tailored and consumer-friendly HVAC systems. For instance, the BMW 6, 7, 8 & 9 Series supports automatic air conditioning, including air distribution for driver and passengers, fogging sensor, and automatic climate control system.

This report assesses trends that are driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to Automotive HVAC manufacturers looking to enter the market. Main regions assessed in this report include North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA).

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The sections, by vehicle type, by component, and by the technology in the automotive HVAC market evaluate the present scenario as well as growth prospects of the regional automotive HVAC market for 2018–2027. The APEJ Automotive HVAC market has been estimated to dominate the automotive HVAC market by value owing to the growing sales of vehicles, accounting for a maximum revenue share of the market by 2018 end. Europe and North America Automotive HVAC markets are expected to account for over 40% collaborative revenue share, of the global automotive HVAC market by 2027 end. Among the emerging markets, the MEA automotive HVAC market is estimated to exhibit a significant CAGR of more than 8.0% over the forecast period, followed by Japan with a CAGR of about 7.0%.

To provide in-depth insights into the pattern of demand for the automotive HVAC market, the market is segmented by vehicle type. It includes passenger cars, light commercial vehicle (LCV) and heavy commercial vehicles (HCV). Passenger cars segment is expected to dominate the automotive HVAC market over the forecast period, regarding value, which accounted for more than 40% value share in 2027.

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Automotive Brake Caliper Market Latest Trends, Share, Growth Industry Analysis and Forecast to 2027

Fact.MR delivers key insights on the automotive brake caliper market in its published report, titled “Automotive Brake Caliper: Industry Analysis and Opportunity Assessment, 2018–2027”. In terms of revenue, the automotive brake caliper market is estimated to expand at a CAGR of 3.1% over the forecast period, owing to the numerous factors, about which FACT.MR offers thorough insights and forecasts in this report. The current growth trend of the automotive brake caliper market has prominently influenced by the increasing number of the motor vehicles across all the regions of the globe. Advancement in autonomous technology amalgamate innovations in the automobile systems, and automobile components have become a tool for a consumer as well as a marketer to expose and expand their products which are likely to boost the automotive brake caliper market.

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The global market for automotive brake caliper is segmented as per vehicle type, product type, by distribution channel, and by piston material. This report assesses trends that are driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to automotive brake caliper manufacturers looking to enter the market. Main regions assessed in this report include North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA).

The sections, by vehicle, by product type, by distribution channel, and by piston material in the automotive brake caliper market evaluate the present scenario as well as growth prospects of the regional automotive brake caliper market for 2018–2027. The North America automotive brake caliper market has been estimated to dominate the automotive brake caliper market, accounting for a maximum revenue share of the market by 2018 end. Europe and APEJ automotive brake caliper markets are expected to account for more than 30% of the revenue share, respectively, of the global automotive brake caliper market by 2027 end. Among the emerging markets, APEJ automotive brake caliper market is estimated to exhibit a significant CAGR over 3.5% over the forecast period, followed by Japan with over CAGR of 4.01%.

To provide in-depth insights into the pattern of demand for the automotive brake caliper market, the market is segmented on the basis of vehicle. It includes PCV, LCV, HCV, and Two Wheeler. The PCV segment is expected to dominate the automotive brake caliper market over the forecast period, in terms of value, which accounted for more than 42.5% value share in 2027.

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The section – automotive brake caliper market analysis, by product type comprehensively analyzes the market on the basis of products type where automotive brake caliper is used. The market is segmented into fixed automotive brake calipers and sliding brake calipers. The segment, fixed brake calipers in an automotive brake caliper market accounted for the highest market share of more than 56% in 2017. The segment attendance system is expected to grow moderately in the forecast period.

The section – automotive brake caliper market analysis, by distribution channel comprehensively analyzes the market on the basis of different channels through which the automotive brake caliper can be purchased. The market is segmented into OEMs (Original Equipment Manufacturer) and aftermarket. OEMs segment accounted for the highest market share in 2017. However, the OEMs is expected to register a healthy CAGR of more than 3.5% during the forecast period due to increase traction of people towards authentication of automotive components.

Also, increasing demand for automotive brake caliper in the emerging automotive industries of APEJ region is driving the prominent manufacturers to strategically enter in the APEJ market with an objective to target the opportunities in the region. The automotive brake caliper market in North America and Europe region has matured, and hence, the companies are targeting emerging markets to increase their sales revenues.

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In-wheel Motor Market Likely to Emerge Over a Period of 2018 – 2027

The In-wheel motor for battery electric vehicles is projected to be the most prominent propulsion segment in the global In-wheel motor market, growing at a significant CAGR of 29.5% during the forecast period. This rising demand for electric mobility among consumers coupled with rising awareness for gasoline and diesel emissions has led in-wheel motor market towards significant growth. The factor that is driving the demand for In-wheel motor is reducing motor weight which controls four wheel centrally and increasing provisions for spaces in the electric vehicles. The use of in wheel motor application is growing at a relatively high pace as compared with other motors in the electric mobility industry. It is projected that the market size for BEV (Battery Electric vehicle) propulsion segment of In-wheel motor will create incremental opportunity of 2,477.5 Mn by 2027 in the global In-wheel motor market.

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The demand for In-wheel motor with maximum 60-90 KW output power is estimated to grow at a significant rate and is projected to reach more than US$ 737.4 Mn by 2027 end. The In-wheel motor with above 90 KW output power is growing at a relatively slower pace as compared to other In-wheel motor. The slow growth in the above 90 KW output power In-wheel motor in the market is attributed to high cost structure and its heavy weight as compared to other motors in the output power segment for in-wheel motor market. Furthermore, the In-wheel motor up to 60 KW output power, which has large scale of applications in various types of electric vehicles. Therefore, it holds more than 72.3% share in terms of value in 2018.

With increasing penetration of electric vehicles across the world demand for rising autonomous technology is increasing. The radial in-wheel motors are projected to grow at a significant CAGR of 31.1% during the forecast period. The axial in-wheel motor is growing at a relatively slower pace as compared to radial motors. The axial motor has large market share in the global market creating an incremental opportunity of US$ 2245.8 Mn by 2027 end.

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The In-wheel motor market has been evaluated across primary regions such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East and Africa (MEA). Among these, APEJ’s in-wheel motor market is expected to hold favorable value share and growth in terms of CAGR over the forecast period. In terms of value, the APEJ market is anticipated to hold a prominent share of the market by 2027 followed by North America. The market for In-wheel motor is estimated to grow at a significant CAGR of 30.0% and will represent a total incremental opportunity of over US$ 3198.1 Mn in terms of value in global in-wheel motor market during the forecast period.

The competitive landscape section of the In-wheel motor market delivers the most insightful information regarding the key market players in global In-wheel motor market, their relative global position and business strategies. The market for the In-wheel motor is estimated to grow over the forecast period as the contenders in the global market are rising and competition with the existing players is estimated to grow in the next nine years.

The manufacturers in In-wheel motor market to expand with strategic developments such as product launches, product innovation, expansion, collaborations and acquisitions in the In-wheel motor market. Key players operating in the global market for In-wheel motor, include Protean Electric (US), Elaphe (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), NTN (Japan), and others.

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Off-Road Vehicles Market Growth, Analysis and Forecast Upto 2027

Vehicles which can be driven on off-road and rugged conditions are acknowledged as off-road vehicles. Off-road vehicles generally have big tires with supple suspension and exposed, deep treads. Common use of such off-road vehicles is for exploration activities in areas which do not have proper tar roads. Usage of higher power vehicles and higher clearance area enables access to trails and forest roads that have truncated traction and bumpy surfaces. Furthermore, off-road vehicles are employed in the military and for utility purposes are off-road vehicles. Among all industries, the sports industry held a prominent share of the off-road vehicle market.

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Retrieval of the global economy and growing disposable income, increasing recreational and touring activities, an advancement in the off-road vehicle technology, and increasing usage of off-road vehicles in the recreational and military operations are the chief factors thriving the demand for off-road vehicles globally. The US is the largest off-road vehicles market due to its long stretches of natural terrain, unpaved roads, and large ranches and farms across the country.

On the basis of vehicle type, the market can be categorized as All-terrain vehicles (ATV), Side by side vehicles (SSV), Off-road motorcycles, and Snowmobiles. Side by side vehicles (SSV) segment is expected to dominate the off-road vehicles market over the forecast period, regarding value, which accounted for more than 40% value share in 2027.

On the basis of fuel, the market is segmented into diesel, electric, and gasoline. The segment, diesel in an off-road vehicles market accounted for the highest market share of more than 60% in 2017. The segment electric is expected to grow remarkably over the forecast period.

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On the basis of application, the market is segmented into utility, sports, recreation and military. Sports segment accounted for the highest market share in 2017. However, the recreation segment is expected to register a healthy CAGR of more than 5% during the forecast period due to the increase in recreational activities across the developing economies.

The Latin America region and Japan is expected to register relatively low growth in the off-road vehicles market, as the region is currently sustaining economic crises and has less scope of further development. APEJ market is developing at a rapid pace with an increasing application of off-road vehicles across all major sectors.

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Catamaran Market: Medium Sized Catamaran is Estimated To Be the Most Lucrative Catamaran Size Segment

The Powered Catamaran is anticipated to be the most prominent catamaran segment in the global Catamaran market, growing at a significant CAGR of 4.8% by volume during the forecast period.

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The rise in cruising and racing events has further enhanced the demand for catamaran in the market. High demand for powered catamaran is due to their efficiency, reliability and increased space. The other catamaran type such as sailing catamaran is relatively growing at steady pace as compared with powered catamaran. It is projected that the market size for Catamaran in powered catamaran segment will reach more than 1,300 units by 2027 in the global Catamaran market.

The demand for medium sized catamaran is likely to grow at a significant rate and is projected to reach more incremental opportunity as compared to other segments. The market for large sized catamaran is growing at a relatively high pace as compared with other Catamaran. The slow growth in the small sized catamaran market is due to its limited application. The medium sized catamaran held a share of more than 40% in 2017, owing to its applications in chartering services.

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Europe is likely to hold a majority of share in the global catamarans market, production industry owing to more technologically advanced manufacturing infrastructure required for world-class product ranges. Moreover, the region is attributed with the most experienced workforce that in turn profoundly influences the inclination of consumers for high-end performance catamarans. Owing to this, Europe is anticipated to account for the lion’s share of the overall catamaran industry in the near future. North America catamarans market size is expected to create 3.5% CAGR by volume over the forecast period. Surging investment on luxury boating such as powered cats, yachts, cruisers, and others are positively impacting the overall catamaran market. The regional growth is primarily contributed by the U.S. demand owing to higher income spending on recreational activities, especially in the boating sector.

The competitive landscape section of the Catamaran market delivers the most insightful information regarding the key market players, their relative global position and business strategies. The market for the Catamaran is estimated to grow over the forecast period as the contenders in the global market are rising and competition with the existing players is estimated to grow in the next ten years.

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The manufacturers in Catamaran market to expand with strategic developments such as product launches, product innovation, expansion, partnership & collaborations, and merger & acquisitions in the Catamaran market. Key players operating in the global market for Catamaran, includes Grup Aresa Internaciona, Fountaine Pajot, Robertson & Caine, Outremer Yachting, Catana Group, and Lagoon. Other prominent players in catamaran market are Matrix Yachts, LOMOcean Design, African Cats, Alumarine Shipyard, Seawind, Incat Crowther, Bavaria, Voyage and LeisureCat. These companies are totally focused on improving structural stability along with developing high catamaran for sporting performance in decreasing sailor risk in high-quality product range.

Inspection Management Software Market In-depth Analysis, Share and Insights Covering Market Share Forecast to 2028

According to the new study by Fact.MR, the inspection management software market is estimated to surpass revenues worth US$ 800 Mn in 2019, from US$ 741.4 Mn in 2018. Increasing requirement for seamless inspection management across enterprises is providing a fillip to the deployment of inspection management software in 2019 and beyond.

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“Enterprises are turning to inspection management software for seamless process handling amid the operational complexities involved. Integration management software also helps with requirements coming up during an on-going inspection, such as document management for modifications, recall of assets, and details of previous inspection. Effective control of inspection work continues to be imperative for process integrity and reliability, thereby fuelling investments in the inspection management software market.” says Fact.MR report.

According to the report, end users will increasingly opt for annual subscription plans over monthly ones, with global deployment estimated to exceed US$ 700 Mn in 2019. This can be attributed to the fact that multiple companies offer annual subscriptions at relatively reasonable rates than the monthly ones. In addition, end-use enterprises are estimated to show marked preferences for software pack for 100-499 users through 2028. Inspection nodes across majority of the enterprises don’t generally exceed the number of 500, which is a key reason for high demand for inspection management software pack for 100-499 users.

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East Asia Promises New Expansion Opportunities for Market Players

As per the research study, North America will continue to be the leading market for inspection management software. East Asia is estimated to emerge as the high growth market for inspection management software, as the regional industrial units have plans afoot for big investments in automation. Several industries and businesses across the emerging economies of East Asia are transitioning toward inspection management software with an objective of digitizing all inspections and speeding up the daily inspections. In addition, inspection management software also helps businesses and industries to comply with rules and regulations and drive results faster, thereby working in favor of the leading vendors.

Inspection management software helps in elimination of guesswork from the supplier base and helps pinpoint the possibilities, both good and bad, thereby enabling end users to make informed decisions. Among all the overarching trends shaping the global market growth, penetration of integration management software for mobile phones and tablets continue to be an integral one. With the unprecedented growth of the smartphone industry, the leading market players are focusing on development of software for smartphones and tablets. Mobile-based inspection management software helps in producing property inspection reports with accurate comments, checklists, videos, and photos, thereby fostering productivity levels of an end-use enterprise.

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According to the research study, leading vendors are vying to boost the compatibility of their software with modern browsers for end users to stay in control with complete visibility, irrespective of time and place. End-user preference for software that is ‘easy-to-use’ remains at the top, which is encouraging vendors to create simple and comprehensible interfaces. In addition, key vendors in inspection management software market are working on developing software with custom features at reasonable prices, which further helps in achieving profit maximization.

Regulatory Information Management Market Trends, Business Strategies and Opportunities with Top Key Players

The regulatory information management (RIM) market is envisaged to surpass revenues worth US$ 893 Mn in 2019, according to a recent study by Fact.MR. Growing requirement for seamless regulatory submission data and product labeling management across enterprises is providing a fillip to the installation of regulatory information management software. Dire need of companies to alleviate the ‘time to market’ (TTM) cycle is a significant factor providing an impetus to the growth of regulatory information management market.

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The study opines that as the regional and international authorities continue to set the ever-changing reporting requirements, the call for proper RIM solution deployment will grow louder. The demand for regulatory information management solutions will be further assisted by the growing number of firms realizing the significance of the strategic role of product data.

According to the report, deployment of regulatory information management software for health authority management will remain high across pharmaceuticals industry, with the global deployment across different verticals estimated to surpass US$ 252 Mn in 2019. Reduction in manual errors in regulatory processes, along with an easy access to dossier, continues to contribute to the growth of the regulatory information management market.

A wide range of small and medium enterprises are implementing a broad regulatory information management platform to eliminate various data hand-offs and for better overall data quality and visibility. As per the study, global deployment of regulatory information management across small and medium enterprises exceeded US$ 513 Mn in 2018, and will witness a robust yearly growth in 2019 and ahead.

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The study also highlights that the deployment of regulatory information management software is growing at a steady pace, driven by a plethora of categories. However, health authority management will particularly remain an attractive category. Furthermore, the demand for unified regulatory information management software will remain sustained in health authority management, as it enables effective control of data for a leaner, higher quality submission. This further translates to a more efficient review process for authorities and builds credibility, potentially reducing regulatory burden of enterprises, and thereby augmenting the deployment of unified regulatory information management platforms.

The study opines that compliance modernization is no longer optional, with international authorities continuously setting new and often arduous reporting requirements. In view of the constantly changing regulatory paradigms, enterprises with different verticals, such as pharmaceuticals, medical devices, and nutraceuticals are expecting more from the software that helps them log and keep track of everything. This has further accelerated the trend of new product development (NPD) in the regulatory information management market, finds the study. Additionally, sensing the pain points related to disparate systems, exacerbated by IDMP (Identification of Medicinal Products) requirements, more players in regulatory information management market are drifting to unified platforms through NPD.

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