EPedigree Software Market Analysis, Trends, Outlook and Research Report 2016

EPedigree Software Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report – Global Epedigree Software Market 20162020
Technavio recognizes the following companies as the key players in the global epedigree software
market: Axway, IBM, Oracle, TraceLink, and SAP.
Other Prominent Vendors in the market are: Aptean, Cyclone Commerce, JDA Software, rfXcel, and
Merit Solutions.
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Commenting on the report, an analyst from Technavio’ s team said: “One of the key trends for market
growth will be increasing need to develop secure supply chain. EPedigree solutions are widely used in
the pharmaceutical industry and their supply chain processes. Preventing the entry of counterfeit drugs
and developing a secure supply chain has become a major issue, which has to be resolved with the
highest priority. The ePedigree solution and the track and trace method provide brand owners and
manufacturers visibility of the entire supply chain so that any foreign entry of fake drugs can be
identified and necessary action taken. In addition, using technologies such as RFID technology helps
authenticate the supply chain and provide a secure process so that organizations do not have to face
any loss in transactions during the whole process.”
According to the report, one of the key drivers for market growth will be increasing demand for data
security. Keeping the serial data secure is always of the utmost importance for any organization. If an
outside party obtains the original serial numbers and uses them on counterfeit products, a fake product
could pass the security checks unnoticed and could enter the supply chain and reach end-users.
Therefore, it is important to secure the serial data both within the database and while it is in transit
between the system and the sellers. With the advent of ePedigree software, the information of the
prescription drug resides in the ePedigree database and is secure for transaction throughout the supply
chain.
Further, the report states that one of the challenges for the market will be investment concerns in anticounterfeiting technology. The deployment of ePedigree software solutions using anti-counterfeiting
technology such as RFID and barcode is an expensive process. It is a conservative and expensive process
of defining requirements. Implementing a complete on-premises ePedigree software solution takes a
long time. This increases the complexity of the process because once the deployment starts, it becomes
expensive to make any changes. It also requires expensive additional outputs such as infrastructure,
complex programming, and extra time and money to ensure system integration and visibility. In
addition, most ePedigree software vendors charge extra for their software updates, which include some
improved features. Some vendors even force organizations to purchase updates by refusing to provide
technical support if they have not purchased the latest version.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About ePedigree
An ePedigree is an electronic record that takes care of the pedigree requirements of a drug. A pedigree
contains information regarding the various levels of transactions resulting from a change of drug
ownership from manufacturers to wholesalers to retailers. The record includes different important
information such as the date of the transaction and the details (names and addresses) of all parties such
as manufacturers, wholesalers, and retailers involved in the transaction.
Technavio’ s analysts forecast the global epedigree software market to grow at a CAGR of 23.03% during
the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global epedigree software
market for 2016-2020. To calculate the market size, the report considers the one-time licensing cost of
ePedigree software solutions that are available in the market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Epedigree Software Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Sam Collins
Market Reports Center
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According to the report, one of the key drivers for market growth will be increasing demand for data security. Keeping the serial data secure is always of the utmost importance for any organization.