Lab Automation Software Market Size, Share reveals significant growth through 2022

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Dec 14, 2020 (AmericaNewsHour) —
There is an enormous amount of data that is generated in a lab every day and efficient and effective methods are imperative to collate and thoroughly analyse it. A heavily extensive usage is of essential importance in the R&D labs throughout the world and software is utilized to its full potential to access preconfigured databases in order to identify synthesized compounds and other scientific breakthroughs. Assay data management, sample management, data analysis, data mining, and electronic laboratory notebook (ELN) integration are few of the major applications of automation software in the laboratory. They make it possible to sync various analytical instruments in a lab to reach a comprehensive and a holistic solution.

The report on LAB AUTOMATION SOFTWARE MARKET was recently published by Kenneth Research, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. The report on LAB AUTOMATION SOFTWARE MARKET includes market size, market volume and growth rate that is witnessed by the market during the forecast period of 2020-2022.

Download Sample of This Strategic Report:https://www.kennethresearch.com/sample-request-10065184

Market Dynamics
Major factors responsible for market growth process such as progressing drug discovery and clinical diagnostics, miniaturization, benefits of lab automation over traditional laboratory settings, shortage of laboratory professionals, and presence of government and corporate funding for biotech and pharmaceutical research are expected to be major growth drivers of the global lab automation software market in the upcoming years. On the other side of the coin, low priority for lab automation among small and medium-sized laboratories, lack of planning for technology development, and indefinite data interchange/communication standards are the major factors that are restraining the growth of the lab automation market.

Market Segments
The segmentation is done on the basis of the the type of solution, it is segmented into electronic lab notebooks (ELN), laboratory information management systems (LIMS), electronic data capture (EDC), chromatography data systems (CDS) & clinical data management systems (CDMS), enterprise content management (ECM), laboratory execution systems (LES), and scientific data management systems (SDMS).
The global lab automation software market is currently dominated by the LIMS segment. The large share of this segment is due to the wide array of benefits associated with the application of these systems, including enhanced workflow efficiencies, easy integration with other lab systems, reduced transcription errors, and far better in terms ofregulatory compliance.

Geographical Analysis
The global laboratory automation software market is segmented into North America, Asia, Europe and the Rest of the World (RoW). North America is expected to have the largest market share during the forecast period. The large share of the said regional segment can primarily be due to the strong economic performance in the US and Canada, which allow for significant up gradation and investments in new technologies. Substantial growth in the North American market is also attributed to the growing demand for the integration of laboratory systems, need for early drug discovery, growth in biobanks, stringent regulatory requirements across industries and easy availability of laboratory informatics products and services.

Key Players
The Key players include LabWare (US), Thermo Fisher Scientific, Waters (US), Inc. (US), LabVantage Solutions, Inc. (US), LabLynx, Inc. (US), Abbott Informatics (US), Dassault Systmes (France), Agilent Technologies (US), IDBS (UK), Autoscribe Informatics (UK), PerkinElmer Inc. (US), Arxspan LLC (US), RURO Inc. (US), Kinematik (Ireland), and LABWORKS (US).

Request For Full Report:https://www.kennethresearch.com/sample-request-10065184

About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

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