LIMS Software Market 2019 Global Analysis, Opportunities, Key Applications and Forecast to 2025

This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies

PUNE, INDIA, September 16, 2019 /EINPresswire.com/ — The report is made by LPI. The global LIMS Software market is anticipated to achieve USD 1,355.0 million by 2024 from USD 747.3 million in 2019, at a CAGR of 12.6%. The growth is driven by the increasing use of LIMS to suits demanding restrictive necessities, increasing concentrate on increasing the potency of laboratories, technological advancements in LIMS offerings, increasing R&D expenditure in pharmaceutical and biotechnology corporations, and growing adoption of cloud-based LIMS.

Furthermore, this report segments the LIMS market into sort, component, preparation model, industry, and region. Supported sort, the market is divided into broad-based LIMS and industry-specific LIMS. The broad-based LIMS section accounted for the most important market share in 2018. These solutions offer users an important area for personalization and interpretation that may support multiple businesses across completely different geographic locations; these factors are driving the adoption of broad-based LIMS. Moreover, broad-based solutions conjointly facilitate contour laboratory workflow processes and improve decision-making and reporting. These blessings conjointly expected to drive their uptake within the coming years.

Based on the element, the LIMS market is divided into code and services. The services section is anticipated to register the best CAGR throughout the forecast period. The massive share of the services section is attributed to the needed demand of services like coaching, code upgrading, and code maintenance post-installation.

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By delivery model, the market is divided into on premise, cloud-based, and remotely hosted models. The cloud-based section is anticipated to register the best CAGR throughout the forecast amount. Factors like on-demand self-seeking analytics, simple use, affordability, liableness, no direct capital investment for hardware, ability & flexibility, and a pay-as-you-go evaluation model have ensured the high growth of cloud-based LIMS.

Based on trade, the laboratory data management system market is divided into life sciences, chemical, food and agriculture, Environmental Testing laboratories, organic compound refineries and oil & gas, and different industries. The life sciences section is anticipated to account for the most important share of the market in 2019. The massive share of this section is attributed to the increase in outsourcing by pharmaceutical corporations, increasing variety of biobanks/biorepositories, and also the growing R&D investments/activities in pharmaceutical and biotechnology corporations.

In 2018 North America accounted for the most important market share followed by Europe. Sturdy economies of the North American country and North American country that permits a major investment in new technologies, growth in biobanks, the straightforward handiness of LIMS products and services, and demanding restrictive necessities across industries creats the key factors driving the expansion of the LIMS market in North America.

However, the high maintenance and repair prices and also the lack of integration standards for LIMS square measure expected to restrain the expansion of this market throughout the forecast amount.

The global and regional market includes Americas, United States Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.

The key players in the industry are; Thermo Scientific, CloudLIMS, LabWare LIMS, Onlims, Sunquest, STARLIMS, Benchling, SoftLab, Lab Management System (LMS), limsExpress, LabSoft, Orchard Harvest LIS, Freezerworks, HCLAB, LabVantage,

Analysis of the LIMS Software market is also done on a regional basis. The report offers analysis, considering the ongoing trends, opportunities, and outlook in the regional market. The report also emphasizes on top industry players by offering details like shipments, company profiles, pricing, contact details, product specifications, and others. Detailed information of the top players and strategies adopted by them are also presented in the report for a thorough understanding of the overall market. The report also emphasizes on the ongoing and emerging trends that are occurring within the manufacturing landscape.

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NORAH TRENT
WISE GUY RESEARCH CONSULTANTS PVT LTD
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Source: EIN Presswire