The global cloud Electronic Lab Notebook (ELN) market size is anticipated to witness monumental growth from 2023 to 2033. FMI opines that the market is likely to surpass USD 332.3 million in 2023. The global market is anticipated to expand at a noteworthy CAGR of 13.7% from 2023 to 2033. It is anticipated to hit USD 1,203.3 million by 2033.
The cloud ELN service market is expected to show significant growth during forecasted period due to growing adoption of Laboratory Information Management System (LIMS) platforms and Cloud Electronic Lab Notebook (ELN) software across various industries. The demand for cloud based ELN is also increasing due to need for laboratory automation and technological advancements in laboratory informatics solution. Cloud ELN are used for applications like scientific instrumentation, lab data analysis and others.
Cloud Electronic Lab Notebook (ELN) is a software solution developed as a substitute to conventional paper lab notebooks. Cloud ELN software encourages digitalization of laboratory data, offering benefits such as making data search easier, enabling efficient organization of data, collaboration, protection and centralization of data, among others.
It also enables scientists and researchers to search, access, as well as share results of their experiments. In addition, it is essential for an ELN software to adhere to regulations such as FDA 21 CFR 11, and others according to each region, to assure effective security of data.
The factors such as rising adoption cloud-based ELN services for data accessibility and pharmaceutical industry adopting electronic notebooks for increasing productivity of scientists are expected to drive the demand for the cloud ELN service market.
| Attributes | Details |
|---|---|
| Cloud ELN Service Market Share (2022) | USD 296.4 million |
| Cloud ELN Service Market Share (2023) | USD 332.3 million |
| Cloud ELN Service Market Share (2033) | USD 1,203.3 million |
| Cloud ELN Service Market Share (2023 to 2033) | 13.7% |
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In 2018, the global cloud ELN service market size stood at USD 190.7 million. In the following years from 2018 to 2022, the market expanded swiftly, at a CAGR of 11.6%. In 2022, the market size stood at USD 296.4 million.
The demand for cloud-based ELN 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 the productivity. Due to this feature of cloud-based ELN, their demand is increasing in pharmaceutical R&D laboratories.
The adoption of cloud-based ELN services is increasing in industries such as healthcare, research, and pharmaceuticals for data accuracy, portability, and security. They help improve collaboration in the organization, allowing data and workflow access from anywhere via an internet connection. Thus, such factors are helps to spur the demand for the cloud ELN service market.
Healthcare and life sciences segment by industry is anticipated to dominate the cloud ELN service market. In 2022, the healthcare and life sciences segment captured 27% market shares. Moreover, academic & scientific research segment is set to witness a high growth rate during the forecast period.
The demand for cloud-based ELN is increasing in pharmaceutical R&D labs, as electronic lab notebooks are the primary evidence for the ownership of intellectual property. Cloud-based ELNs are integrated with other laboratory information systems and provides the ability to gather data such as biological essays, pharmaceutical tests, and safety measures.
Thus, rising adoption of cloud-based ELNs by pharmaceutical industry is set to propel the demand for the healthcare and life sciences segment in recent years.
On the basis of enterprise size, large enterprises segment is predicted to emerge as a dominating segment. In 2022, the large enterprises segment captured 56.9% market shares. The complex IT infrastructures and data security of large enterprises can be a concern. Cloud ELN is a subscription-based model that allows enterprises to access the data from anywhere and everywhere by any device for service portability.
Also, demand is increasing for cloud ELN as the data in the cloud can be encrypted by using the digital signature for data security. Thus, demand for cloud ELN is expected to rise among large enterprises from 2023 to 2033.
Based on solution, the demand for the software segment is expected to dominate during forecast period. Software segment is expected to grow at a healthy CAGR from 2023 to 2033. Cloud ELN software are rapidly gaining popularity and replaces paper notebooks in laboratory practices. It also provides benefits such as fast implementation and updates, data security, cost-saving, accessibility and many more.
Cloud-based ELN software are used to capture interim result data in sheets or tables, to add pictures and include attachments. Also, electronic lab notebooks can be used with smart devices such as smartphones, tablets, wearable devices, and smart pens, which help improve their performance. Thus, these factors are set to drive the demand for the software segment during forecasted period.
Principal Consultant
Europe Cloud ELN service market accounted for 25.4% of the global market shares in 2022. In Europe, Germany captured 6.7% market share in 2022. Germany is among one of the highly developed economies across the Europe. The nation has a developed infrastructure for advanced technologies, cloud computing, digitalization in healthcare sector and many more.
In November 29, 2021, new German government plans major changes with impact on the healthcare and life sciences. Through coalition agreement, Germany government planned new initiatives for the life sciences and healthcare sector. It results in change in regulation of medical devices and pharmaceuticals. It also supports healthcare digitalization. Therefore, such developments in the country are expected to propel the demand for the cloud ELN service market during forecasted period.
Currently, the United States market is experiencing a surge in consumption of cloud ELN service in North America region. North America dominated the global market with 29.5% market share in 2022. The United States cloud ELN service sales accounted for 19.3% of the global market shares in 2022. Adoption of cloud ELN services is increasing in biotech companies in the country.
The United States is one of the prominent countries in healthcare technology as it has presence of major cloud ELN service provider including PerkinElmer, Thermo Fisher Scientific, Agilent Technologies, Bruker Corporation, Benchling and many more. Therefore, presence of such key players in the country ultimately propels the demand for the cloud ELN services in the United States.
China is set to register exponential growth of cloud ELN service in the global cloud ELN service sales. In 2022, China cloud ELN service market held 15.7% global market share. China is one of the prominent countries in terms of cloud development in healthcare and life sciences industry. As per Business for Social Responsibility (BSR), China’s 14th Five-Year Plan (14th FYP) provides a framework for country’s economy and society will develop by year 2026.
It also includes the strategy to build healthy China that helps to improve social conditions including healthcare. Thus, such development in the healthcare sector by government in the country ultimately propels the demand for the cloud ELN services.
Several key cloud ELN service or solution providers are inclined at investing heavily in innovation, research, and development. Many companies focus on enhancing the features of their products and the development of new products while partnering with other technology vendors, to offer advanced and next-generation solutions to improve end-user experience.
Recent Developments Observed by FMI:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East & Africa (MEA); GCC Countries |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of Europe, Brazil, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASIAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Solution, Deployment, Enterprise Size, Industry, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The cloud ELN service market is worth USD 332.3 million in 2023.
The cloud ELN service market is predicted to rise at a 13.7% CAGR through 2033.
The cloud ELN service market is estimated to be worth USD 1,203.3 million by 2033.
The healthcare and life science industry leads the market with a 27% share acquired in 2022.
China held prominence, with 25.7% of the cloud ELN services market share captured in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solution 5.1. Software 5.1.1. Laboratory Information Management System (LIMS) Platforms 5.1.2. Cloud Electronic Lab Notebook (ELN) Software 5.2. Services 5.2.1. Validation Services 5.2.2. Consulting Services 5.2.3. Implementation and Integration Services 5.2.4. Support and Maintenance 5.2.5. Training 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment 6.1. Public Cloud 6.2. Private Cloud 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size 7.1. SMEs 7.2. Large Enterprises 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry 8.1. Healthcare and Life Sciences 8.2. Energy 8.3. Academic & Scientific Research 8.4. Food & Beverages 8.5. Petrochemicals 8.6. Mining and Metals 8.7. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Dassault Systemes SA 19.2. PerkinElmer, Inc. 19.3. Thermo Fisher Scientific 19.4. Agilent Technologies, Inc. 19.5. Bruker Corporation 19.6. Benchling Inc. 19.7. Abbott Informatics Corp. 19.8. LabVantage Solutions, Inc. 19.9. Lab-Ally 19.10. Kinematik USA & Inc. 19.11. Codon Software Pvt. Ltd 19.12. LabWare 19.13. Bio-ITech BV 19.14. Agaram Technologies Pvt. Ltd 20. Assumptions & Acronyms Used 21. Research Methodology
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Cloud ELN Service Market
