Cloud Based Drug Discovery Platforms Market 2023: Industry Growth, Dynamic Research Analysis, Trend and Forecast To 2029

Comments · 11 Views

The Cloud Based Drug Discovery Platforms market was evaluated at USD 2.22 Billion in 2022 and is forecasted to reach USD 4.55 Billion by 2028, growing at a CAGR of 10.8% globally.


Cloud computing technology gives customers access to storage, files, software, and servers through internet-connected devices such as computers, smartphones, tablets, and wearables. Cloud computing solution providers store and process data in a location that's separate from end-users. Moreover, cloud computing provides the ability to store and access data and programs over the internet instead of on a hard drive. The usage of cloud-based drug discovery platforms in pharmaceutical and biotechnology firms allows collaboration with scientists and companies around the world.  Furthermore, cloud-based drug discovery platforms reduce the risk and accelerate the drug development process by utilizing cost-effective, high-performance computing power and Artificial Intelligence/Machine Learning capabilities on the extensive cloud infrastructure.

Download a Free Sample Copy of the Market Report: -

The Cloud Based Drug Discovery Platform Market research contains in-depth details on variables influencing demand, growth, opportunities, challenges, and restrictions. It provides in-depth information on the structure and outlook for both global and regional industries. The report also includes data on RD, the introduction of new products, and product reactions from the local and global markets by leading players. The structured analysis offers both a graphical and diagrammatic breakdown of the Cloud-Based Drug Discovery Platform Market by region.

The Major Players in The Cloud Based Drug Discovery Platforms Market Include:

  • Accenture PLC (Ireland)
  • Acelot Inc (US)
  • Cloud Pharmaceuticals Inc. (US)
  • Dassault Systemes (France)
  • IBM Corporation (US)
  • SAS Institute Inc. (the US)
  • Tata Consultancy Services Ltd. (India)
  • WuXi AppTec (China)
  • Collaborative Drug Discovery (CDD)
  • SCYNEXIS Inc. (the US)
  • Medidata (US)
  • Certara (US)
  • Google (US)
  • Cloudpharm
  • Amazon Web Services Inc. (US) and other major players.


Market has segmented the global Cloud Based Drug Discovery Platforms Market on the basis of type, application, and region:

By Type         

  • Infrastructure as A Service {IaaS}
  • Software as A Service {SaaS}
  • Platform as A Service {PaaS}

By Deployment Mode          

  • Public
  • Private
  • Hybrid

By End User 

  • Pharmaceutical Vendors
  • Biotech Vendors
  • Contract Research Organizations
  • Others

By Region     

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Get Discount on This Report @:

Covid-19 Impact and Recovery Analysis on Industry:

With the outbreak of the COVID-19 pandemic, several industry verticals were forced to shut down their operational activities. Moreover, to constraint the spread of the virus the number of workers, working in the pharmaceutical and biotechnology industry were reduced. In addition, the restrictions on transportation disrupted the supply chain of various pharmaceutical drugs. To overcome the financial losses incurred by the COVID-19 pandemic, many industry verticals started fundamentally leveraging cloud computing for their digital transformation process, pharmaceutical and biotechnology organizations started utilizing it for drug discovery and other critical processes.

If You Have Any Query of Cloud Based Drug Discovery Platforms Market Report, Visit.@

Reasons to Purchase this Report:

Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

Check Out Short Press Released Published By Introspective Market Research:

About us:

Introspective Market Research ( is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

Contact us:

Introspective Market Research

3001 S King Drive,

Chicago, Illinois

60616 USA

Ph no: +1-773-382-1049

LinkedIn| Twitter| Facebook