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NEW YORK, May 21, 2013 /PRNewswire/ -- The emergence of software-as-a-service (SaaS), cloud, IT consumerization and mobile are expected to advance the future of the software industry, finds PwC U.S. in its annual Global 100 Software Leaders report. The report, in its fourth year of publication, highlights a deeper understanding of the underlying forces and trends that are influencing the industry.
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The PwC study finds that the effects of globalization and consolidation are changing the landscape of the software sector and how companies develop, market, sell, distribute and support their products. Acquisitions are viewed as an R&D strategy as well as a key way to acquire talent and build SaaS capabilities more effectively and efficiently.
"Software companies and vendors are especially beginning to feel the effects of the software-as-a-service (SaaS) technology on their business models," said Patrick Pugh, PwC's U.S. software and Internet leader. "Vendors need to continually evaluate both the changing priorities of customers and the industry because these evolving sentiments are causing deep structural changes and fundamentally shaping business models."
According to the report, SaaS revenue accounted for at least 40 percent of software revenue for 10 companies on the Global 100, in which nine of the top 10 are U.S.-based. While U.S. companies lead revenue share on both the global and North American lists of software vendors, PwC finds that powerful newcomers, as well as companies from emerging markets, will increasingly challenge the dominance of the large North American vendors.
"To drive future growth, North American software vendors must prioritize transforming their business models to address the realities of the SaaS environment and incorporate social enterprise, IT consumerization and data analytics. Furthermore, U.S. companies can find new opportunities to expand globally by tailoring their software to specific vertical markets and geographic regions," added PwC's Pugh.
Key industry drivers include:
The PwC Global 100 Software Leaders reportThe PwC Global 100 Software Leaders report compiles relevant data for calendar year 2011, the most recent set of complete financials available. In all, software revenues for 294 vendors worldwide, including the top 100 globally, the top 100 in two geographically defined markets North America, and Europe/Middle East/Africa (EMEA) and one market defined by maturity, Emerging Markets (China, India, Brazil and others) were included in the survey. For additional analysis and commentary on PwC's Software Pricing Series, please visit: http://www.pwc.com/softwarepricing.
For more information and to download an electronic copy of the PwC Global 100 Software Leaders report, visit http://www.pwc.com/globalsoftware100.
About PwC U.S. PwC U.S. helps organizations and individuals create the value they're looking for. We're a member of the PwC network of firms in 158 countries with more than 180,000 people. We're committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at http://www.pwc.com/US.
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Software-as-a-Service, Cloud, IT and Mobile Trends Reshaping How Software Companies Operate, Says PwC U.S.
SAN DIEGO, May 21, 2013 /PRNewswire/ --Volcano Corporation (VOLC) a leading developer and manufacturer of precision guided therapy tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, today announced that it will demonstrate the Verrata Pressure Guide Wire and the iFR (Instant wave-Free Ratio) modality throughout the week during the EuroPCR 2013 Congress in Paris, France. These two interventional tools are intended to help physicians guide more procedures and make more decisions based on actual heart function, rather than relying on the angiogram alone.
"Despite all the questions that surround percutaneous coronary interventions (PCI) today, there is an exciting evolution taking place in the form of more precise stenting decisions and guidance with physiology tools like Fractional Flow Reserve (FFR)," commented Joe Burnett, Executive Vice President and General Manager of the Functional Management Business Unit at Volcano. "Data from the DEFER, FAME and FAME II trials have repeatedly provided evidence that FFR is the best and most evidence-based diagnostic tool available to help properly diagnose a patient's vessel, or even a specific blockage. In the five years since FAME, it is increasingly uncommon that a physician makes a decision based on angiography alone, without some sort of functional assessment being performed. We believe that FFR is the most proven vessel-specific assessment available."
"Physiology will continue to evolve," added Burnett. "Even though FFR is routinely used to decide if a patient needs treatment, daily practice often reverts back to the basic angiogram to select which lesions get treated and to confirm the treatment was successful. There is a tremendous amount of information physiology can provide that we have yet to unlock in daily practice. The Verrata wire and iFR modality are designed to continue that evolution to allow physicians to quickly and easily get valuable functional information throughout a stent procedure."
The Verrata Pressure Guide Wire will be Volcano's fifth new pressure guide wire in the past five years. It embodies a new wire design and workflow designed to facilitate fast, simple connections and re-connections throughout a procedure. "The proposed workflow of the new wire is ideal because it would more closely mimic standard guidewire use in everyday practice," commented Bruce Samuels, MD of Cedars-Sinai Hospital in Los Angeles, CA. "The biggest difference between an everyday interventional wire and a pressure wire is the large, heavy connector that resides on the end. The design of the new Verrata wire would allow me to very quickly and easily disconnect and reconnect the wire with no interruption to my workflow. Re-connecting a pressure wire is now faster than re-connecting the indeflator for a stent delivery system, which would allow me to steer the Verrata wire just like a standard interventional wire with no connector, and simply reconnect any time I want to take a measurement. This is ideal for delivering devices like balloons and stents over the wire, and then making valuable physiologic measurements after each step. I can forsee the functional improvement that my therapy will have on the patient and not be forced to only trust the angiogram."
Our new iFR software modality was developed in concert with Imperial College London. Using the same pressure wire and equipment currently used for FFR, iFR amplifies the patient's physiologic measurements during resting conditions before stressing the heart with a commonly used vasodilator drug, like Adenosine.
"I continue to be amazed at how inaccurate the angiogram can be," commented Matthias Gotberg, Interventional Cardiologist, Department of Coronary Heart Disease,Skane University Hospital, Lund, Sweden. "Physiology uncovers very important functional information that simply disagrees with the angiogram and should not be ignored. By making this meaningful measurement in seconds, physicians can get physiologic answers, but in a workflow almost identical to how they perform angiographic PCI today. In essence, you can repeatedly double-check the angiogram with actual heart function and add very little time to your procedure. I have had access to the live software for more than three months now. Quite simply, today I am making functional measurements with iFR that before I would have left to angiography alone."
"iFR and FFR look at the same lesion, but from two different viewpoints," said Justin Davies, MBBS, MRCP, PhD, of Imperial College London. "FFR will always be an important tool for us in the lab. It creates a 'worst-case-scenario' to rule out ischemia, and patients with a negative FFR test do very well clinically with medical therapy alone. At the same time, retrospective iFR core lab analysis in over 1,500 patients suggests that more than half of our patients could avoid the need for hyperemic drugs and still benefit from the proven value of these physiologic assessments. ADVISE II will be the very first prospective, multi-center independent study using the currently available Volcano/Imperial iFR algorithm to seek to confirm this hypothesis."
Results from the first 300 ADVISE II patients will be presented at EuroPCR as part of the Hot Line late-breaking clinical trial session on Thursday, May 23rd at 10:09 AM in Room 351.
Both the Verrata Pressure Wire and the iFR software modality will be compatible with Volcano's multi-modality imaging systems including the latest CORE Integrated System which will also be on display at EuroPCR 2013. iFR is currently active in more than 20 centers around the world. Hospitals in London, Rotterdam and Johannesburg will be transmitting live iFR cases throughout this week at PCR. "These two new tools will make physiology more accessible and mainstream, and that is a good thing for hospitals and patients," continued Burnett. "The easier it is for a physician to double-check the angiogram, the better. Having both iFR and FFR on the same system, just one click away, only expands the options to do so. This is a very exciting time for Volcano's physiology program as we are executing our vision of a frontline interventional wire workflow that can quickly and easily provide functional information beyond angiography."
About Volcano Corporation Volcano Corporation is revolutionizing the medical device industry with a broad suite of technologies that make imaging and therapy simpler, more informative and less invasive. Our products empower physicians around the world with a new generation of analytical tools that deliver more meaningful information - using sound and light as the guiding elements. Founded in cardiovascular care and expanding into other specialties, Volcano is changing the assumption about what is possible in improving patient outcomes by combining imaging and therapy together.
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Verrata™ Pressure Guide Wire and iFR® (Instant Wave-Free Ratio™) Software Modality will be on display at EuroPCR 2013[1]