The global clinical trial management system market was valued at over US$ 1.1 Bn in 2016 and is projected to expand at a cumulative annual growth rate (CAGR) of approximately 13% from 2017 to 2025.

The report offers detailed segmentation of the global clinical trial management system market based on mode of delivery, component, type, and end-user. In terms of mode of delivery segment, the on-remise clinical trial management system segment is expected to account for a leading share of the global market in 2016.

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However, the market share of the segment is estimated to fall over the forecast period, owing to time-consuming deployment and high cost. The cloud-based clinical trial management system segment is anticipated to expand at a significant CAGR over the forecast period. This is due to increased productivity, reduction of the costs associated with clinical trials, and continuous innovations in product technologies by major market players.

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Based on component, the software segment is projected to hold a dominant share of global clinical trial management system market in 2016 and is likely to expand at CAGR of more than 13% from 2017 to 2025.