What is Chemistry Software Market?
The Indian chemistry software market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising automation across the Indian chemical sector is expected to be one of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Highlights from Chemistry Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Collaborative Drug Discovery (United States), FindMolecule, Inc. (Canada), Outotec (Finland), Chemstations, Inc. (United States), Dataworks Development, Inc. (United States), InfoChem (Germany), BioData (United States), Chemical Inventory (United Kingdom), LabCup (Ireland), SFS Chemical Safety (United States), Vicinity Software (United States), SIVOC Inc. (United States), EHS Insight (United States) and Essence Manager (Spain) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. The recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Chemistry Software market throughout the forecasted period.
Collaborative Drug Discovery (United States), FindMolecule, Inc. (Canada), Outotec (Finland), Chemstations, Inc. (United States), Dataworks Development, Inc. (United States), InfoChem (Germany), BioData (United States), Chemical Inventory (United Kingdom), LabCup (Ireland), SFS Chemical Safety (United States), Vicinity Software (United States), SIVOC Inc. (United States), EHS Insight (United States) and Essence Manager (Spain) are some of the key players profiled in the study. Chemistry Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Certificates of Analysis, Chemical Process Simulation, Inventory Management, ISO Management, Particle Tracking, Sample Management, Uncertainity Analysis, Reporting & Statistics and Others |
Enterprise SIze | SMEs,Large Enterprises |
Platform | Windows,IOS/MAC,Web,Android |
End Use | Laboratories,Forensics,Academics,R&D,Others |
Deployment | On-Premise,Cloud-based |
On the basis of geography, the market of Chemistry Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of AI in Chemistry Platforms
Market Growth Drivers:
Increasing Demand for Automated Monitoring of Chemicals Processing and Increasing Demand for Automation Across Different Laboratories in India
Challenges:
Lack of Awareness Among End Users
Restraints:
Availability of Open Source Platforms
Opportunities:
Increasing Number of Chemical Operations & Industry 4.0 is Expected to Generate Huge Opportunities
Key Target Audience
Chemical Software Providers, Service Providers, Chemical Industry, Technology Providers, Regulatory Bodies and Governmental Bodies
Machine learning and artificial intelligence (AI) techniques are increasingly being integrated into chemistry software. These technologies can assist in data analysis, pattern recognition, and optimization, aiding in tasks such as drug disco. very, materials design
Stringent Government Regulations Regarding Shutting Down of Operations Across Different Industries in India due to the COVID-19 Pandemic has Impacted the Demand for Chemistry Software in the FY 2020
Analyst Comment
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the India chemistry software market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.