The current economic crisis has only exacerbated an already worrisome situation in the life sciences industry. The industry has already been undergoing reformation to cut costs and improve long-term sustainability for nearly a decade. To help understand the impact on IT, Health Industry Insights, an IDC company, recently conducted a study to identify the most successful software vendors serving the life science market. The top 10 companies, based on enterprise life science software revenue, have been identified and are discussed in a new research document.
Health Industry Insights research reveals that the top 10 life science software vendor list includes both enterprise and specialty vendors. Oracle easily topped the chart in life science revenues, with SAP coming in second. While internal estimates show that Oracle and SAP were virtually tied five years ago, Oracle’s aggressive acquisition strategy has clearly paid big dividends that have helped to drive its success in the life science industry.
To read the complete press release, click here.