[Ongoing Reports] The scientific data management system market is expected to experience a high market growth throughout the forecast period i.e.2020 to 2026 resulting from the increasing demand for laboratory automation. Growth in research and development activities in academics has boosted the requirement for technologically advanced laboratories equipped with the storage tools for sharing, storage, security and management of data leading to the demand forscientific data management system (SDMS) market . In addition, in COVID-19 scenario, wherein the world is conforming to the social distancing and lockdowns, the scientific data management system enables to deal with the manpower shortage in R&D operation across industries.
Based on the deployment mode, the scientific data management system market is segmented into cloud-based and On-premise segments. The On-premise scientific data management system is experiencing good acceptance among institutions as it addresses the requirement of data safety and security. The On-premise deployment also allows easy installation at an ease of data storage. However, the cloud based deployment continues its dominance with larger market share in scientific data management system market. The ease of usage with availability of free storage enabling the users to store and organize the files with easy accessibility is making it more popular among the institutions. Also, the cloud-based deployment offers cost effective solutions which further fuels its demand in the market.
Based in the end use, Scientific data management system market size is segmented into hospitals, laboratory and research institutes. The laboratory segment registered its dominance with maximum market share. With the ever increasing data volumes pertaining to the experiments conducted in the laboratories, the requirement for data storage, data import and export is on continuous rise. Scientific data management system play a major role in addressing the aforementioned requirement by archiving, capturing and generating catalogues for the data. In addition, the scientific data management system is witnessing an increasing demand with the application of SDMS in hospitals for the assistance in storage of patient data, patient history and other medical records. The SDMS also enables the hospitals for workflow customization and approval of documents from respective team members.
Based on the geography, the scientific data management system market size is segmented into North America, Europe, Asia Pacific, LAMEA (Latin America, Middle East and Africa). North America is expected to continue its dominance in the market followed by the Europe market. The presence of key market participants such as Abbott laboratories and TIBCO software is propelling the growth in Scientific data management system market.
With the continuous increase in the investments and growing acceptance of advanced technology devices in healthcare sector, the Asia Pacific region is forecasted to experience an attractive growth throughout the forecast period.. Additionally, the growth in government funding and other conducive initiatives is fuelling the market growth of the market.
The key market participants included in the Scientific Data Management System Market report includes Abbott Laboratories, Accelerated Technology Laboratories Inc, Thermo Fisher Scientific Inc., LabVantage Solutions Inc., SciCord LLC, Merck KGaA, Shimadzu Corporation and TIBCO Software Inc. The market players are continuously striving for gaining the additional market share and are deploying different business strategy such as product launches, mergers and acquisitions, geographical expansions and strategic collaborations.
Market Segmentation:
By Deployment Mode
By End-Use
By Geography
Companies Profiled
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