Welcome!

News Feed Item

ICT budget and staffing trends in Pharmaceuticals - Enterprise ICT investment plans



 

LONDON, Feb. 25, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

ICT budget and staffing trends in Pharmaceuticals - Enterprise ICT investment plans


Product Synopsis

This report presents the findings from a survey of 102 pharmaceutical companies regarding their Information and Communications Technology (ICT) budgets and staff allocation. The survey investigates how pharmaceutical companies currently allocate their ICT budgets across the core areas of ICT spend, namely hardware, software, IT services, communications and consulting.

Introduction and Landscape

Why was the report written?
In order to provide a depth of insight into ICT vendors' and service providers' potential customers.

What is the current market landscape and what is changing?
Kable's survey shows that overall ICT spending in the pharmaceutical sector is set to increase in 2013 compared to 2012, with the highest proportion of the average ICT budget being allocated to hardware, followed by software and IT services.

What are the key drivers behind recent market changes?
Emerging technology trends such as thin client computing devices, analytical and business intelligence tools, and cloud computing services are heavily influencing ICT investments in the sector. Increasing compliance regulations are also compelling pharmaceutical companies to invest in IT security solutions.

What makes this report unique and essential to read?
Kable Global ICT Intelligence has invested significant resources in order to interview CIOs and IT managers about their IT Budgets. Very few IT analyst houses will have interviewed 100+ ICT decision makers in the pharmaceuticals industry in H2 2012.

Key Features and Benefits

Understand how ICT budgets are set to change in 2013 in terms of their overall size.

Appreciate how budgets are allocated across the core elements of ICT spend, including hardware, software, services, communications and consulting.

Learn how ICT money is being spent in areas such as the data centre, applications, IT management and the network.

Establish how IT staff are typically allocated within pharmaceuticals industry.

Gain insight into with whom pharmaceutical companies plan to spend their ICT money.

Key Market Issues

In order to store and manage the rising volume of clinical data, pharmaceutical companies have been making significant investments in their data centres in 2013.

Pharmaceutical companies are allocating a major portion of their ICT budgets to core ICT infrastructure in order to improve their business processes to respond well in this highly regulated and challenging market place.

With an increasingly geographically dispersed employee base, pharmaceutical companies are keen to invest in network and communications technologies.

The survey also shows that pharmaceutical companies are spending a noticeable portion of their IT services budgets on security and privacy services, in order to maintain a competitive edge amidst increasing regulatory demands for data protection.

The proportional spend with technology (product) vendors and specialist outsourcers are both likely to drop by in 2013 compared to 2012, as companies look to bring more of their ICT investments in-house.


Key Highlights

Kable's survey shows that pharmaceuticals are allocating the highest proportion of their hardware budgets to client computing, followed by network and communications equipment.

In 2012, the highest proportion of total ICT budgets was allocated to data centres (both in-house and hosted), which is set to continue in 2013, with companies allocating a major proportion of their total ICT budgets to their data centres, followed by business applications.

A major proportion of pharmaceutical companies' IT services budgets is being allocated to application development and integration, with pharmaceuticals allocating 18% of their total IT services budgets to this area.

Kable's survey illustrates that a significant portion of pharmaceuticals' telecoms budgets is being assigned to strengthening their voice communications (both mobile and fixed-line) to support their global expansion plans and improve collaboration across a diversified employee base.

Kable's survey indicates that with an average allocation of 15%, enterprise applications constitute the highest proportion of pharmaceutical companies' software budgets. This is likely to continue in 2013, where the total spending on enterprise applications is set to increase by 2%, reaching a value of 17% of the total software budget.
1 Trends in ICT budgets
1.1 Introduction
1.2 Survey demographics
1.3 ICT budget changes
1.4 ICT budget allocation by core technology area
1.5 ICT budget allocation by function
1.6 ICT spending by entity
1.7 IT staff distribution
2 Detailed ICT budget allocations
2.1 Introduction
2.2 Hardware budget breakdown
2.3 Software budget breakdowns
2.4 Third party IT services expenditure
2.5 Telecommunications budget
3 Summary
3.1 The pharmaceutical industry is devising ICT strategies to better support its business needs
4 Appendix
4.1 Definitions
4.2 Further reading
4.3 Contact the authors


List of Tables

Table 1: Pharmaceuticals - enterprise ICT survey geographic breakdown
Table 2: Pharmaceuticals - enterprise ICT survey breakdown by size band (number of employees)
Table 3: Recent and expected ICT budget changes among pharmaceutical companies
Table 4: Pharmaceutical companies' (external) ICT budget allocation, 2012 and 2013
Table 5: Pharmaceutical companies' ICT budget allocation by function, 2012 and 2013
Table 6: Pharmaceutical companies' (external) ICT budget allocation by entity, 2012 and 2013
Table 7: Average allocation of full-time IT staff members in pharmaceutical companies
Table 8: Pharmaceutical companies' average hardware budget allocation
Table 9: Average allocation of software budgets in pharmaceutical companies
Table 10: Pharmaceutical companies' average software budget allocation by technology
Table 11: Pharmaceutical companies' average IT services budget allocation
Table 12: Pharmaceutical companies' average IT consulting services budget allocation
Table 13: Pharmaceutical companies' average telecommunications budget allocation


List of Figures

Figure 1: Pharmaceuticals - enterprise ICT survey geographic breakdown
Figure 2: Pharmaceuticals - enterprise ICT survey breakdown by size band (number of employees)
Figure 3: Recent and expected ICT budget changes among pharmaceutical companies
Figure 4: Pharmaceutical companies' (external) ICT budget allocation, 2012 and 2013
Figure 5: Pharmaceutical companies' ICT budget allocation by function, 2012 and 2013
Figure 6: Pharmaceutical companies' ICT budget allocation by entity, 2012 and 2013
Figure 7: Average allocation of full-time IT staff members in pharmaceutical companies
Figure 8: Pharmaceutical companies' average hardware budget allocation
Figure 9: Average allocation of software budgets in pharmaceutical companies
Figure 10: Pharmaceutical companies' average software budget allocation by technology
Figure 11: Pharmaceutical companies' average IT services budget allocation
Figure 12: Pharmaceutical companies' average IT consulting services budget allocation
Figure 13: Pharmaceutical companies' average telecommunications budget allocation


Read the full report:
ICT budget and staffing trends in Pharmaceuticals - Enterprise ICT investment plans
http://www.reportbuyer.com/telecoms/data/ict_budget_staffing_trends_phar...

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

 

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...