According to
the new market research report “HPC, Data Analysis, Storage & Management Market in Life Sciences By Products & Services
(Data Analysis, Cloud Computing), Applications (NGS, Microscopy,
Chromatography), End User (Pharmaceutical & Biotechnology, Hospitals) –
Global Forecast to 2024″, published by MarketsandMarkets™, Data Analysis, Storage & Management Market in Life
Sciences is projected to reach USD 41.1 billion by 2024 from USD 18.7 billion
in 2019, at a CAGR of 17.1%.
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out on business opportunities in HPC, Data Analysis, Storage & Management Market
Software and Workbenches dominated the life
sciences Data Analysis, Storage & Management Market in
2018
By product, the Data Analysis, Storage & Management Market in life
sciences is segmented into data analysis software and workbenches, data
analysis services, and storage, management, and cloud computing solutions. In
2018, the data analysis software and workbenches segment accounted for the
largest share of the market. The large share of this segment can be attributed
to the extensive ongoing research and need of effective analysis tools in
pharmaceutical and biotechnology research.
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Next Generation Sequencing held the
largest share of the applications market in 2018
Based on applications, the Data Analysis, Storage &
Management Market is segmented into next generation sequencing, microscopy,
chromatography, flow cytometry, spectroscopy, and other applications such as
PCR among others. In 2018, next generation sequencing (NGS) segment accounted
for the largest share of the Data Analysis, Storage & Management Market.
The large share of this segment can be attributed to the huge amount of data
generated through enormous number of ongoing activities. HPC applications
market is also dominated by next generation sequencing segment in 2018.
Browse and in-depth TOC on “HPC, Data Analysis, Storage & Management Market”
20 – Tables
38 – Figures
122 – Pages
Pharmaceutical and biotechnology companies were the largest end users of Data
Analysis, Storage & Management Market in 2018
By end user, the Data Analysis, Storage & Management
Market is segmented into pharmaceutical and biotechnology companies, research
centers, academic and government institutes, hospitals and clinics, and other
end users. The pharmaceutical and biotechnology companies segment accounted for
the largest market share in 2018 while the research centers and academic
institutes segment is projected to grow at the highest CAGR during the forecast
period. The increase in genomics related research activities by research and
academic institutes is the major factor driving the growth of this end user
segment. Similar trend is also observed in the HPC market.
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US commanded
the largest share of the Data Analysis, Storage & Management Market in 2018
US commanded the largest share in
the Data Analysis, Storage & Management Market. The large share of the US
in this market can be attributed to the increasing R&D activities by
biopharma companies and increasing presence of these companies in the US.
Some of the major players in this market include Dell Technologies Inc. (US),
Advanced Micro Devices, Inc. (US), Cray, Inc. (US), Cisco Systems, Inc. (US),
IBM Corporation (US), Intel Corporation (US), Lenovo Group Limited (China),
Hewlett Packard Enterprise Company (US).
