ICT Investment Trends in Pharmaceuticals; Enterprise ICT Spending Patterns Through to 2016 - 2020

The pharmaceutical industry is in the midst of fundamental changes, brought on by the increasing concerns over the expiry of patents, weak product pipelines, and competition from generics. However, increasing prosperity in emerging markets is creating new avenues for pharmaceutical companies to increase their top-line growth. Thus, to meet the challenges and exploit the opportunities, pharmaceutical companies are increasingly looking towards advanced technologies to stay ahead of the intense competition in the field.

Key Findings

To offset declining sales from the patent cliff, companies are expanding into emerging markets in order to increase their market share, which is in turn leading to increasing investments in their core ICT categories of hardware, software, and IT services.

Kable expects mobility and cloud computing to gain momentum in the next two years, and companies are set to increase spending on these advance technologies in order to enhance their competitiveness.

Meanwhile, pharmaceutical companies are prioritizing their ICT investments relating to clinical and pre-clinical research to drive future R&D requirements.

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Synopsis

ICT investment trends in pharmaceuticals presents the findings from a survey of 95 pharmaceutical companies regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how pharmaceutical companies currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

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Table of Contents

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
1.4.1 Hardware budget breakdown
1.4.2 Software budget breakdowns
1.4.3 Third party IT services expenditure
1.4.4 Cloud computing budget
1.5 ICT budget allocation by function
1.6 Outsourced IT functions

2 ICT investment priorities and vendor satisfaction
2.1 Introduction
2.1.1 Business intelligence
2.1.2 Mobility
2.1.3 Cloud computing

3 ICT procurement trends
3.1 Introduction
3.2 Business objectives and IT objectives influencing IT investment strategy
3.3 ICT provider selection

4 Sector-specific trends
4.1 Introduction
4.2 IT expenditure plans for specific technology areas
4.3 Business areas receiving the largest investments
4.4 Business challenges

5 Summary
5.1 Pharmaceutical companies are increasingly looking towards advanced technologies to stay ahead of the intense competition

6 Appendix
6.1 Definitions
6.2 Further reading
6.3 Contact the authors

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