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
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...