The global Electronic Lab Notebook Market is estimated to be valued at US$ 442.68 Mn in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
An electronic lab notebook (ELN) is a research information management system that allows scientists, researchers, and laboratory personnel to capture, store, share, organize and manage data and related documents from laboratory experiments and research activities conducted in a research organization or industrial settings. An ELN offers advantages like increased productivity, better collaboration, data security and management.
Market key trends:
Adoption of cloud-based ELN is one of the key trends gaining traction in the market. Cloud-based ELN offers benefits like easy accessibility, collaboration, data security, 24/7 availability, automatic backup and others. It enables sharing of data from anywhere via internet and provides a centralized platform to store, organize and access research data from lab experiments remotely. Owing to the advantages, research organizations and pharma companies are increasingly adopting cloud-based ELN solutions. This is expected to drive the growth of electronic lab notebook market during the forecast period.
Segment Analysis
The electronic lab notebook market is currently dominated by the cloud-based segment. The cloud-based segment holds around 60% share of the overall electronic lab notebook market due to benefits such as access to data from anywhere, disaster recovery, improved backup capabilities, and reduced IT costs as cloud storage solutions eliminate the need for in-house servers.
Key Takeaways
The Global Electronic Lab Notebook Market Size is expected to witness high growth, exhibiting CAGR of 8.5% over the forecast period, due to increasing demand for e-lab notebooks in industries such as life sciences and chemicals.
Regional analysis
North America is currently the dominant region in the electronic lab notebook market. This is attributed to increasing R&D activities by pharmaceutical and biotech firms in the region. The region is expected to continue its dominance during the forecast period. Asia Pacific is expected to witness the highest growth during the forecast period owing to rising pharmaceutical and chemical industries in countries such as India and China.
Key players
Key players operating in the electronic lab notebook market are DASSAULT SYSTEMES SA, Arxspan LLC., LabArchives, LLC, Abbott Informatics Corp., PerkinElmer, Inc., LabWare, Inc., Bruker Corporation, ID Business Solutions Ltd., and Kinematik US & Inc. DASSAULT SYSTEMES SA holds the largest market share due to its wide product portfolio and global presence.
Read more: https://www.ukwebwire.com/electronic-lab-notebook-market-insights-trends/
Comments
0 comment