Cloud ELN Service Adoption to Ascend 3X by 2029
Cloud electronic laboratory notebooks (ELNs) have been rapidly transitioning from nascent technology to a mainstream laboratory chemical informatics platform, deployed for transformative impact. Driven by their benefits of data storing, sharing, and safety, cloud ELN services are replacing conventional paper laboratory notebooks. Rising need for efficient documentation of results from complicated laboratory procedures is fueling the adoption of lab automation. Several enterprises are increasingly shifting towards cloud-based solutions, as they offer greater workflow and cost efficiency. Tech-enabled advancements, considerable R&D expenditure, and swelling pressure to align with regulatory norms are further enabling broader application of cloud ELN services. Following an astounding growth curve, the global deployment of cloud ELN services would nearly triple over 2019-2029.
Key Factors Shaping Cloud ELN Service Market
Pharmaceutical Industry Adopting Cloud-based ELNs for Increasing Productivity of Scientists
The demand for cloud ELN services is increasing in pharmaceutical R&D labs, as electronic lab notebooks are the primary evidence for the ownership of intellectual property. ELNs have the ability to search records electronically, which helps in increasing productivity. The time spent on searching for patent support data in discovery areas, and on compliance and procedure-related tasks, can be reduced, allowing this saved time to be utilized for other productive tasks. When cloud ELN services are integrated with other laboratory information systems, they provide the ability to gather data such as biological essays, pharmaceutical tests, and safety measures. Due to this feature, their demand is increasing in pharmaceutical R&D laboratories.
Due to the COVID-19 pandemic, the demand of cloud ELN services can increase in the pharmaceutical industry, as research is ongoing on COVID-19 vaccinations. The data collected from the experiment can be stored in cloud ELN services to record protocol and experiments, keep track of results, and log data analysis. Researchers can also share data and collaborate with their colleagues using the cloud ELN remotely through Internet connections. Researchers can also do peer review or share important documents related to COVID-19 research or diagnostics with people in other regions by using cloud ELN services.
Use of Smart Devices with ELNs is Trendsetting
Electronic lab notebooks can be used with smart devices such as smartphones, tablets, wearable devices, and smart pens, which help improve their performance. Connecting smartphones or tablets with smart pens can provide a user with physical support to visualize and record data, same as with a PLN. Wearable devices can provide users with immediate data access during experimentation in radioactive rooms. Users can consult their protocol during experimentation through wearable devices. These devices can also be used as a substitute for equipment SUCH AS timers, chronometers, alarms, calculators, and reminders.
Customized ELNs for Specific Requirements Spurring Market Growth
Specific electronic lab notebooks comprise customized features that are designed for specific applications such as scientific instrumentation and data analysis. This enhances productivity through custom-made tools and data recording features. On the other hand, although a specific ELN is beneficial for an individual department or group, organizations or institutes need to deploy distinct ELNs within different scientific domains or departments, resulting in significant increase in overall costs. However, ELN developers are working towards designing advanced multidisciplinary ELNs as a solution to overcome this drawback.
Cloud ELN Service Market in North America to Remain Dominant through 2029
In terms of value, the cloud ELN service market in North America held a significant market share in 2018. The cloud ELN service market in U.S. is expected to hold significant market share over the forecast period too, as the adoption of cloud ELN is increasing in biotechnological companies. The market in Asia Pacific excluding Japan is expected to witness higher growth over the forecast period, owing to the increasing adoption of cloud-based ELNs in research institutes.
Cloud ELN Service Market: Structure Analysis
- Mergers & acquisitions and collaborations & partnerships with prominent players is one of the key strategies followed by leading cloud ELN service providers in the market.
- Thermo Fisher, Biodata, Agaram, Perkin Elmer, etc., are the most experienced in the global cloud ELN service market.
- The global cloud ELN service market is fragmented in nature, which remains a key factor for its dynamic competitive structure.
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Report Metrics |
Details |
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Base Year Considered |
2018 |
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Actual Estimates/Historical Data |
2014 - 2018 |
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Forecast Period |
2019 - 2029 |
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Market Value (2018) |
US$ 195 Mn |
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Segments Covered |
Component, Deployment, Enterprise Size, Industry, and Region |
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Regions Covered |
North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, MEA, and GCC Countries |
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Key Players |
Agilient Technologies, Abbott Informatics, Biodata, Perkin Elmer, and LabWare |
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Report Coverage |
Revenue Forecasts, Company Share, Competitive Landscape, Growth Factors, and Trends |
Market Players Drive Attention towards Academic & Scientific Research Industry
At present, the healthcare and life science industry is the key value creator in the cloud ELN service market. Increasing regulatory pressure to maintain data integrity, validity, and security is primarily boosting the deployment of cloud ELN services in this end-use industry. Moreover, greater focus on enhancing laboratory productivity and cost efficacy is influencing industry executives to invest in cloud ELN services. However, this study indicates that, market players would channelize their resources towards the academic and scientific research industry in the decade ahead. By leveraging cloud ELN services, scientists are able to retrieve their documents and partner with their colleagues.
North America in Vanguard, APEJ to Strengthen its Hold
Market players would realize superior returns from North America, which captures around a quarter of overall value. Rising deployment of robotic process automation (RPA) in the pharmaceutical industry and strong foothold of prominent industry players are significantly driving this developed regional market. Going forward, the cloud ELN service market in Asia Pacific (excluding Japan) would emerge as the fastest-growing. In a bid to integrate information and communication technology (ICT) across all geographies and bridge the inequity gap in healthcare access, the Chinese government introduced its 12th five-year plan, which aims to generate digital health records and enable data sharing supported by Regional Healthcare Information Networks (RHINs) for citizens residing in the rural regions of the country.
Food & Beverage Industry to Offer Growth Potential
Cloud-based ELN services help develop high-quality products faster and cost-effectively in the food & beverage industry. They enable food and beverage scientists to document their data and analyze it to prepare reports. Moreover, they are beneficial in tracing previous experiments anywhere in the organization, providing additional time for creating new formulations or ingredients. Researchers can share their data with their colleagues to compare recipes and identify new opportunities. Cloud-based ELNs incorporate electronic signatures, traceability, and version control to indicate approved formulations and ingredients for a particular experiment, which helps achieve compliance with global and local regulations. Kinematik Company, for instance, has developed cloud ELN services that are GxP-compliant for utilization in the food & beverage industry.
Public cloud ELN services hold leading value share
Private cloud ELN services to falter markedly
SMEs account for greater adoption
Stable adoption in large enterprises
High adoption in healthcare and life sciences
Application in academic & scientific research to surge
How Growth will Unfold
Initially, the applicability of ELN services was limited to large enterprises. With the onset of cloud-based subscription models, several small and medium enterprises (SMEs) are showing huge interest for cloud ELN services. These cloud-based solutions offer umpteen benefits such as reduced labor cost and time, secured access to clinical data, and a flexible ecosystem. Market players are thus staying glued to SMEs, which will generate over 60% total return to shareholders by 2029.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
A recent market study published by Future Market Insights (FMI) on the cloud ELN service market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Cloud ELN Service Market Taxonomy
The global cloud ELN service market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.
By Component
- Software
- Laboratory Information Management System (LIMS) Platforms
- Cloud Electronic Lab Notebook (ELN) Software
- Services
- Validation Services
- Consulting Services
- Implementation and Integration Services
- Support and Maintenance
- Training
By Deployment
- Public Cloud
- Private Cloud
By Enterprise Size
- SMEs
- Large Enterprises
By Industry
- Healthcare and Life Sciences
- Energy
- Academic & Scientific Research
- Food & Beverages
- Petrochemicals
- Mining and Metals
- Others
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
- GCC Countries
What's Included
The report begins with the executive summary of the cloud ELN service market, which includes a summary of the key findings and statistics of the market. It also includes the demand and supply-side trends pertaining to the market.
Readers can find the definition and detailed taxonomy of the cloud ELN service market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to cloud ELN and its properties are provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the cloud ELN service market report.
The cloud ELN service market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed end user trends are also provided in this section.
The cloud ELN service market report provides key success factors including the adoption of solution, USP’s of solution, promotional strategies.
This section explains the global market value analysis and forecast for the cloud ELN service market during the forecast period of 2019-2029. It includes a detailed analysis of the historical cloud ELN service market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, the pricing analysis of the cloud ELN service market at the regional level has also been provided in this section.
This chapter explains the key macroeconomic factors that are expected to influence the growth of the cloud ELN service market over the forecast period. Along with macroeconomic factors, this section also highlights the supply chain, forecast factors, and value chain analysis of the cloud ELN service market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the cloud ELN service market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find detailed information about the pricing of the cloud ELN service market.
Based on component, the cloud ELN service market is segmented into software (laboratory information management system (LIMS) platforms, cloud electronic lab notebook (ELN) software), services (validation services, consulting services, implementation and integration services, support and maintenance, training). In this chapter, readers can find information about key trends and developments in the cloud ELN service market and market attractiveness analysis based on component.
Based on deployment, the cloud ELN service market is segmented into public and private cloud. In this chapter, readers can find information about key trends and developments in the cloud ELN service market and market attractiveness analysis based on deployment.
Based on enterprise size, the cloud ELN service market is segmented into SME’s and large enterprise. In this chapter, readers can find information about key trends and developments in the cloud ELN service market and market attractiveness analysis based on enterprise size.
This chapter provides various details about the cloud ELN service market based on industry, and has been classified into Healthcare and Life Sciences, Food & Beverages, Energy, Academic & Scientific Research, Petrochemicals, Mining and Metals, and others. In this chapter, readers can understand the market attractiveness analysis based on industry.
This chapter explains how the cloud ELN service market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa, and GCC Countries.
This chapter includes a detailed analysis on the growth of the North America cloud ELN service market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, and market growth based on vertical, and countries in North America.
This chapter provides the growth scenario of the cloud ELN service market in Latin American countries such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Important growth prospects of the Cloud ELN Service Market in several countries such as Germany, the UK, France, Spain, Italy, BENELUX, and the rest of Western Europe are included in this chapter.
Important growth prospects of the cloud ELN service market in several countries such as Russia, Poland, and the rest of Eastern Europe are included in this chapter
This chapter provides the growth scenario of the cloud ELN service market in East Asian countries such as China, South Korea, India, ASEAN, Australia, New Zealand, and the rest of Asia Pacific excluding Japan
This chapter highlights the growth of the cloud ELN service market in Japan.
This chapter provides information about how the cloud ELN service market is anticipated to grow in major countries in the MEA region, such as Israel, South Africa, Northern Africa, Turkey, and the rest of MEA, during the forecast period of 2019-2029.
This chapter provides information about how the cloud ELN service market is anticipated to grow in major GCC Countries, such as Kingdom of Saudi Arabia, Qatar, United Arab Emirates, Oman, Kuwait, and Bahrain during the forecast period of 2019-2029.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the cloud ELN service market, along with the detailed information about each company. This includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Agilient Technologies, Abbott Informatics, Biodata, Perkin Elmer, and LabWare, among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the cloud ELN service market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the cloud ELN service market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Sales Executives
- Technical Advisors
- Connected Logistics Providers
- Distributors
- End-user Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near Term and Long Term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
Secondary Research
- Company White Papers
- Annual Reports and Investor Presentations
- Research Papers
- Company Press Release
- Government Websites and Publications
Primary Interview Splits
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