Global Scientific Data Management System Market

By Author: Rupali Dagade
Total Articles: 446
Comment this article

Global Scientific Data Management System Market is anticipated to reach US$ 222.90 Mn. by 2027 from US$ 25 Mn. in 2019 at a CAGR of 44% during a forecast period.

Global Scientific Data Management System Market Overview

A scientific data management system gathers data from laboratory devices such as mass spectrometers and colorimeters, creates catalogs, and saves them. It also keeps track of important data created by programs like electronic laboratory notes, the Laboratory Information Management System (LIMS), and other analytical tools. It can record unstructured, semi-structured, and organized data for clinical applications.

To know about the Research Methodology :- Request Free Sample Report

The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also ...
... and specific strategic analysis of those companies is done in the report.

Global Scientific Data Management System Market Dynamics

The growing need for laboratory automation, as well as increased academic research and development across the globe, is expected to drive the market's growth during the forecast period. Technological laboratories, like genetics labs and clinical trial settings, necessitate advanced data management software systems to exchange, store, and gather customized data, leading to markets growth. Also, major clinical trials for the development of efficient medications for the treatment of chronic diseases create a large amount of essential scientific data, necessitating the usage of secure data storage systems. As a result, the market is expected to grow at a CAGR of 44% throughout the forecast period.

Similarly, the scientific data management system market is expected to be driven by the development of integrated lab informatics solutions, increasing demand from academic research institutes, growth in the usage of lab informatics solutions, technological advancement, and several other factors over the forecast period. For example, the government-imposed lockdown in response to the COVID-19 epidemic has resulted in a significant scarcity of scientists working in laboratories. As a result of this situation, the implementation of an advanced scientific data management system to securely store scientific data has become necessary, leading to market growth.

The substantially high cost of installing a scientific data management system is hampering the market's growth.

Global Scientific Data Management System Market Segmentation Analysis

By Deployment Mode, the cloud-based system held the xx% of market share in 2019 and is expected to drive the growth of the segment during the forecast period. This is due to the ample storage capacity available for organizing and storing files and folders that can be quickly accessible during audits and cross-checking. Furthermore, cloud-based SDMS systems are widely used in research laboratories due to their simplicity of use, cheap deployment costs compared to on-premise SDMS solutions, and high security, among other factors that contribute to market growth.

By End-use, in 2019, the laboratory segment held a market share of xx percent. The increase in the number of daily trials has resulted in a large amount of data being generated. As a result, the produced data is collected, stored, and recorded by SDMS. Because of the large volume of critical scientific data, effective SDMS solutions are required to securely store the data so that researchers and scientists may use it in their continuing laboratory-based study.

Global Scientific Data Management System Market Regional Insights

North America dominated the market and accounted for the largest revenue share of xx% in 2019 because of its high digital literacy and rules that promote the adoption of a scientific data management system. Also, the presence of significant market players in the regions, such as TIBCO Software and Abbott Laboratories, is fueling the market growth. In addition, amid the current COVID-19 epidemic, the US government has aggressively concentrated on keeping safe-distance even among scientific research facilities. This is expected to increase demand for scientific data management systems to securely store and manage scientific data while reducing the requirement for labor.

The market in the Asia Pacific is expected to grow at a quick rate of xx% during the forecast period due to growing expenditures in the healthcare industry for lab automation and the adoption of technologically advanced equipment. Also, the need for scientific data management system software is increasing as a result of rising government financing and positive initiatives. The high prevalence of these disorders creates a massive quantity of data across the research laboratories involved in discovering viable treatments for the condition. This need for scientific data management systems is anticipated to increase in the Asia-Pacific region, leading to regional market growth.

For more information visit@ https://www.maximizemarketresearch.com/market-report/global-scientific-data-management-system-market/117352/

Global Scientific Data Management System Market Scope: Inquire before buying

Global Scientific Data Management System Market by Region

• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America

Global Scientific Data Management System Market Key Players:

• Abbott Laboratories
• Thermo Fisher Scientific Inc
• Accelerated Technology Laboratories Inc
• LabVantage Solutions Inc
• Merck KGaA
• SciCord LLC
• TIBCO Software Inc
• Shimadzu Corporation
• Advanced Chemistry Development, Inc
• Benchling
• Flywheel.io
• LabWare
• MediaLab, Inc
• Shimadzu Corporation
• Uncountable Inc.

Frequently Asked Questions

1. What is the projected market size & growth rate of Global Scientific Data Management System Market?
Ans- Scientific Data Management System Market was valued at USD 25 million in 2019 and is projected to reach USD 222.90 million by 2027, growing at a CAGR of 44% during the forecast period.

2. What are the key driving factors for the growth of Global Scientific Data Management System Market?
Ans- The growing need for laboratory automation, as well as increased academic research and development across the globe, is expected to drive the market's growth during the forecast period.

3. Which region accounted for the largest Global Scientific Data Management System Market share?
Ans- North America dominated the market and accounted for the largest revenue share of xx% in 2019 because of its high digital literacy and rules that promote the adoption of a scientific data management system.

4. What makes Asia Pacific a Lucrative Market for Global Scientific Data Management System Market?
Ans- The market in the Asia Pacific is expected to grow at a quick rate during the forecast period due to growing expenditures in the healthcare industry for lab automation and the adoption of technologically advanced equipment.

5. What are the top players operating in Global Scientific Data Management System Market?
Ans- Abbott Laboratories, Thermo Fisher Scientific Inc, Accelerated Technology Laboratories Inc, LabVantage Solutions Inc, Merck KGaA, SciCord LLC, and TIBCO Software Inc.

This report submitted by Maximize market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: sales@maximizemarketresearch.com
Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.
Contact: +919607195908