Electronic Lab Notebook Market Forecast 2019-2027, Latest Trends And Opportunities
Market Definition
An electronic lab notebook also referred to as electronic laboratory notebook (ELN) is a computer program designed to substitute conventional paper notebooks used in laboratories. ELN software supports digitalization of the laboratory data and offers various advantages such as collaboration, easier data search, protection and centralization of data, and facilitate efficient organization of data. Moreover, it allows researchers and scientists to access, search, and share result of their experiments. ELN software plays a crucial role in complying with regulatory policies such as FDA 21 CFR 11 and others according to each region, in order to assure efficient data security. ELNs are typically useful in writing down procedures, conclusions, and drawing flow charts and diagrams related to research. Electronic lab notebooks have been used in many industries such as food & beverages, chemicals, pharmaceuticals, and academics.
The Electronic Lab Notebook Market was estimated to account for US$ 269.9 Mn in 2018 and is expected to grow at a CAGR of 10.1% during the forecasted period (2019-2027)
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Market Dynamics
Data security is the major issues when it comes to research or experiment, use of electronic lab notebook comparatively decreases the chances to data theft. These notebook provides high level of security with features such as enforcing password policies and two-step verification, digital signature among others to stop data theft. As these notebooks are considered to be legal document filing for patents, or representing the research result. Moreover, these notebooks are also used to share the data related to the research study within the team on ELN platform which is considered as a secure way to share the data. Owing to such advanced feature the demand for electronic lab notebook is expected to grow during the forecasted period.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Electronic Lab Notebook
Detailed Segmentation:
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Global Electronic Lab Notebook, By Type
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Specific
Non- Specific
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Global Electronic Lab Notebook, By End-use Industry
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Pharmaceuticals
Chemicals
Biology
Academic
Food & Beverages
Others
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Global Electronic Lab Notebook, By End-use Industry
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North America
Europe
Asia Pacific
Latin America
Middle East And Africa
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Competitive Section
Key players involved in the global electronic lab notebook market are DASSAULT SYSTEMES SA, Arxspan LLC., LabArchives, LLC, Abbott Informatics Corp., PerkinElmer, Inc., LabWare, Inc., Bruker Corporation, ID Business Solutions Ltd., and Kinematik US & Inc.
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