The computer system validation (CSV) market comprises validation solutions that support validating the design and development of automated computerized systems including inventory management, warehouse management, manufacturing operations management, supply chain planning, and transportation management, among others. CSV plays a crucial role in maintaining the reliability of automated systems used across industries such as healthcare, food & beverage, aerospace, and automotive. It ensures that the systems function consistently and as intended. The global Computer System Validation Market is estimated to be valued at US$ 4.3 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Emerging modernization initiatives across industries are expected to accelerate the growth of the computer system validation market during the forecast period. Various organizations are optimizing legacy systems and migrating to modern technologies such as cloud computing, IoT, and analytics to drive agility and efficiency. For instance, according to studies, over 70% of life science organizations are planning to move their systems and applications to the cloud by 2025. Validating computerized systems becomes critical for organizations amid such large-scale technology transformations. CSV solution providers are developing offerings that can seamlessly validate systems post upgrades and modernizations. This is supporting the adoption of CSV and expected to drive the market growth.
Segment Analysis
The global Computer System Validation market is dominated by the services segment. The services segment accounts for over 50% of the total market share owing to the growing need for ongoing validation services and support activities among end-users. Consulting and training sub-segment within the services segment holds the largest market share and is expected to witness high growth during the forecast period. This is owing to the rise in demand for consultancy and training for newly purchased validation software and execution of validation activities.
Key Takeaways
The global Computer System Validation market analysis is expected to witness high growth during the period 2024 to 2031.
Regional analysis shows that North America is currently the dominating as well as the fastest growing region in the global Computer System Validation market. This is attributed to significant government expenditure on pharmaceutical sector and presence of key players. Europe is also expected to showcase high growth owing to stringent regulations on drug development and manufacturing processes.
Key players operating in the Computer System Validation market are SAP SE, Oracle Corporation, IBM Corporation, Microsoft Corporation, SAS Institute Inc., Infor, JDA Software, TraceLink, GS1, and Owens & Minor. The market is dominated by SAP SE owing to its broad portfolio of computer system validation software and services. Oracle Corporation holds second largest market share on account of its database management and supply chain management solutions widely adopted across industries for computer system validation.
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