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Oracle Gains Number One Spot in Health Industry Insights’ Top 10 Life Science Software Vendor List
List Includes Both Enterprise and Specialty Vendors
FRAMINGHAM, Mass., June 3, 2009 – The current economic crisis has only exacerbated an already worrisome situation in the life sciences. 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.
"From an IT perspective, companies are undergoing significant application portfolio rationalization and consolidation to reduce redundancy across divisions, drive improved operational efficiencies, consolidate decision making to capture additional economies of scale and improve cross-department integration, and reduce development, maintenance, and support costs for major systems," said Eric Newmark, Health Industry Insights research manager. "Simultaneously, software vendors serving this market continue to merge and acquire, which often leaves end users with unanswered questions around long term product roadmaps, support, and company viability."
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, with nearly $60 million more life science revenues than second place SAP. 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.
SAP maintains a stronghold on second place, but its preference for internal development rather than acquisition, coupled with turnover among its life science leadership, has led to slower revenue growth. Rounding out third place was SAS, with $123 million in life science revenues. Analytics and business intelligence have become key priorities for life science companies, as they work to eliminate data silos and make data more actionable. This trend has been a healthy wind catapulting the SAS sail for several years now.
The focus of this Health Industry Insights report, The Life Science Software Top 10 (Doc #HI218060) provides results from a study assessing who the top 10 software vendors are serving the life science market.
For additional information about this study, or to set up a one-on-one briefing with an Health Industry Insights analyst, please contact Sarah Murray at 781-794-3214 or sarahbethmurray@gmail.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarahbethmurray@gmail.com.
About Health Industry Insights, an IDC Company
Health Industry Insights, an IDC company, provides health and life sciences industry executives, and the suppliers who serve them, with market research and advisory services. The company's integrated coverage spans the entire health industry value chain and closely follows the payer, provider and life sciences markets with special emphasis on developing and employing strategies that leverage IT investments to maximize organizational performance. Staffed by expert analysts and consultants with extensive industry experience, Health Industry Insights delivers a portfolio of offerings that are relevant to both IT and business needs. IDC is a subsidiary of IDG, the world's leading technology media, research and events company.
For more information, please contact:
Sandra Collinsscollins@idc.com
508-988-6746
Sarah Murray
sarahbethmurray@gmail.com
781-794-3214
