Global Cloud ELN Service Market Overview:
Cloud computing companies have successfully housed programs such as customer relationship management (CRM) and pharmaceutical clinical trials electronic data capture (EDC) for a long time, owing to lower administrative costs, a lack of capital outlay, a lack of available IT services, and geographically scattered user bases. Cloud computing and software-as-a-service (SaaS) are becoming more common and are being used in a variety of applications. In a cloud setting, a database provider offers access to their software over the Internet for a monthly charge, with data storage facilities and assistance provided. The use of an Electronic Lab Notebook ELN has a significant impact on the way scientific research is performed. An ELN ensures that scientists' needs are fulfilled with capabilities tailored to their field. ELN systems allow scientists throughout all backgrounds to quickly record and locate their work, communicate within and through organizations, and benefit from more reliable, cost-effective storage and output thanks to automated updates and access to other informatics platforms.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Cloud ELN Service Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising the Implementation of Cloud ELN Service
- Demand for Cost Efficient and Productive Platforms
- Norms Regarding Data Management
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Restraints | - Frictional Shift from Real Interaction to Software Based Approach
|
Road Blocks / Challenges | - Fierce Competitive Pressure
- Technical Errors and Glitches
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Gaps & Opportunities | - Implementation of upcoming Technologies such as BlockChain for better Communication
- Low Penetration across Emerging Regions
- Growing Implementation Among SMEs
|
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Abbott Laboratories (United States), OpenText (United States), PerkinElmer Inc. (United States), LabWare (United States), Dassault Systemes (France), Agilent Technologies Inc. (United States), Bruker Company (United States), BioData Inc. (United States), Bio-ITech B.V. (Netherlands) and Lab-Ally (United States). Additionally, following companies can also be profiled that are part of our coverage like LabVantage Solutions Inc. (United States), Waters Corporation (United States), ID Business Solutions (IDBS) Ltd. (United Kingdom), Labfolder GmbH (Germany), Thermo Fisher Scientific Inc. (United States), KineMatik Inc. (United States), SEQOME Limited (Ireland) and Mestrelab Research S.L. (Spain). Analyst at AMA Research see United States Players to retain maximum share of Global Cloud ELN Service market by 2027. Considering Market by Deployment Mode, the sub-segment i.e. Public Cloud will boost the Cloud ELN Service market. Considering Market by Industry, the sub-segment i.e. Healthcare and Sciences will boost the Cloud ELN Service market. Considering Market by Enterprise, the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Cloud ELN Service market. Considering Market by Component, the sub-segment i.e. Software (Laboratory Information Management System (LIMS) Platforms, Quality Management Systems (QMS), Cloud Electronic Lab Notebook (ELN) Software) will boost the Cloud ELN Service market.
Latest Market Insights:
On 14th March, 2019 - Bruker Announced its Acquisition of Arxspan (Cloud-Based Scientific Software and Workflow Solutions Provider), Motive Behind the Acquisition was to Strengthen Bruker’s Cloud Based Software Capabilities for a Wider Range of Customers. and On 17th November, 2020 - PricewaterhouseCoopers (PwC) LLC Acquired EagleDream Technologies (Cloud Consulting Company) This Acquisition Is Set to Add Cloud Migration Services, Software Development and Data Modernization Capabilities to PwC’s Portfolio.
On 17th November, 2020 - Dassault Systemes Announced Release 2021x Update of its 3DEXPERIENCE Software. This Release Includes Powerful Functional Enhancements with Cloud Benefits to Mid-Market and Customers Across Areas Including Design, Engineering, Simulation, Governance, and Manufacturing & Production. and On 5th February, 2019 - LabVantage Solutions Released LabVantage 8.4, this New Version Enables Robust, Easy-to-Use, Comprehensive Work Assignment and Resource Planning with LIMS, ELN, and LES Components for Enhanced Data Privacy.
What Can be Explored with the Cloud ELN Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cloud ELN Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cloud ELN Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud ELN Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud ELN Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cloud ELN Service Providers, New Entrants and Investors, Venture Capitalists and Private Equity Firms, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.