A recent Future Market Insights (FMI) study tracks how the adoption of electronic lab notebook (ELN) software is shaping up in the global market. Set to witness a double-digit CAGR over the course of next decade, the global ELN software market will surpass a billion-dollar revenues by 2029 end.
Increasing demand for laboratory information management systems (LIMS), chromatography data systems (CDS), analytical instrumentation, and scientific data management systems (SDMS) will create potential growth opportunities for the electronic lab notebook (ELN) software providers. Other key growth influencers associated with market include critical need for reducing data review and cycle times, information capturing and reuse, avoiding repeats, and reinvention in the life sciences industry application.
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Key Takeaways – Electronic Lab Notebook (ELN) Software Market Study
- Increasing outsourcing of manufacturing and R&D activities by pharmaceutical companies from other regions such as North America and Europe are resulting in high demand for ELN for efficient laboratory data management and regulatory compliance.
- Emerging cloud-based technology provides web and cloud-based solutions for various factors such as cost-effectiveness, real-time analytics, easy access to data, integration with other systems & software, sharing of data internally and externally, scalability and flexibility.
- Software solution based segment electronic lab notebook (ELN) software market is expected to generate an incremental opportunity of ~US$ 611 Mn during the forecast period.
Product Innovation Key to Enhance Remote Sensing Technology
Key vendors are focusing on adoption of electronic lab notebook (ELN) software for conducting research in the life sciences industry under various domains such as pharmaceuticals, chemicals and others and follow a practice of recording daily activities.
- For instance, Scilligence Corporation offers electronic lab notebook (ELN) software for training graduate and undergraduate students in industrial standards and processes. It also allows students to run ELN in their own devices (computers, iPad, Android tablet, etc.), without any software installation.
- For instance, Arxspan LLC. offers ArxLab electronic lab notebook (ELN) software preconfigured for biology application. It consists of a cloud-based architecture and helps to streamline workflows, protect sensitive IP (Intellectual Property), increase productivity and is compliant to standard regulations.
Rapid infrastructure development and growing awareness regarding various technological advancements are major factors contributing to the growth of the MEA electronic lab notebook (ELN) software market. Infrastructure for the life sciences industry has been witnessing significant growth in the recent past, owing to changing government policies, development of health care systems, and increasing population in countries of the region.
Learn More About Report Inclusions
In this report, the global electronic lab notebook (ELN) software market is tracked in terms of value, and is calibrated to obtain the market revenue estimates. The report is categorically split into six major sections, namely market analysis by solution such as software (laboratory information management system (LIMS) platform and electronic lab notebook (ELN) software) and services (Validation services, consulting services, implementation and integration services, support and maintenance, training)
by license (proprietary ELN, open source ELN), by deployment (cloud and on-premises), by enterprise size (small & medium and large), by pricing model such as subscription model (monthly subscription & annual subscription) and one time license, and industry (healthcare and life sciences, energy, food & beverages, academic & scientific research, petrochemicals, mining and metals, others), across seven major regions.
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Electronic Lab Notebook (ELN) Market Outlook by Category
By Solution:
- Electronic Lab Notebook (ELN) Software
- Electronic Lab Notebook (ELN) Services
By Deployment :
- Cloud
- On-Premises
By Enterprise Size:
- Small & Medium Enterprises
- Large Enterprises
By Industry :
- Healthcare & Life Sciences
- Energy
- Food & Beverages
- Academic & Scientific Research
- Petrochemicals
- Mining & Metals
- Others
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
- GCC Countries
- Emerging Countries
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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