In a new report, IDC Health Insights, an advisory services and market research firm focused on the healthcare and life science markets, ranked Oracle as the number one vendor for enterprise life sciences software applications. The Life Science Software Top 10 identifies the 10 leading enterprise and specialty software vendors serving the sector based on enterprise life science software license revenue.
The report cites Oracle’s increased commitment and focus on life sciences for driving its leading share of the $2.95 billion that IDC Health Insights estimates is spent annually on software in the life sciences sector. According to report, “Oracle easily topped the chart, with nearly $60 million more than the second-place SAP.” The ranking is based solely on software license revenue derived from life sciences customers, and the study examined only enterprise solutions, which included: business intelligence/analytics, clinical software, customer relationship management (CRM), content management, revenue management/enterprise resource planning (ERP), human resources (HR), manufacturing, supply chain management, product lifecycle management (PLM), research and development (R&D) informatics and R&D discovery platforms.
“Oracle’s fast-paced acquisition strategy, coupled with its increased commitment and focus on the life sciences via its new Health Sciences Global Business Unit has paid big dividends, which have helped to drive its success in the life science industry,” wrote Eric Newmark, Research Manager, IDC Health Insights, in the report.
Date: June 22, 2009
Filed Under: Drug Discovery