Electronic Lab Notebook (ELN) Market is Expected to Rise at CAGR of 6.8% By 2023

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The Global Electronic Lab Notebook Market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2023-by Product Type (Specific ELN, Cross-disciplinary ELN), License Type (Proprietary, Open Source), Mode of Delivery (On-premises, Web & cloud-based), and End User (Biotechnology Industries, Pharmaceutical Industries, CROs, and CMOs, Academic Research Institutes, Food & Beverage Industries, and Others). The study also evaluates industry competitors and analyzes the market at regional and country level.

Cross-disciplinary or enterprise-wide ELNs are increasingly being adopted as they meet a broad range of scientific needs with their ability to provide a suitable environment that is easy to use across multiple disciplines. Moreover, other benefits offered by the cross-disciplinary ELNs include reduced costs of IT overheads, ability to view data across an organization, data standardization, secure storage of an organization’s knowledge and IP in one central location, improved workflow management across disciplines, better collaboration across research areas, and exploitation of information for business decisions and strategic planning.  Such factors contribute to the largest share and fastest growth of the cross-disciplinary ELNs market during the forecast period.

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There is increasing interest in open source ELNs; however, proprietary license comprised the major market share in 2017 and is also expected to dominate the market during the forecast period owing to its advantages such as ownership of the software, quick and efficient support, a plethora of features, and ability to customize as per requirement.

In 2017, web and cloud-based ELN captured a major share and is expected to grow at a lucrative rate for their real-time data analysis, easy accessibility, reliability, flexibility, scalability, and cost-effectiveness. However, some big organizations are still implementing ELN on-premises due to concerns related to data confidentiality and security on remotely managed servers.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share of the global electronic lab notebook market in 2017, followed by Europe and Asia-Pacific.

The major players operating in global electronic lab notebook market are Abbott Informatics Corporation, Agilent Technologies, Inc., Arxspan, LLC, Benchling, Inc., Dassault Systemes SE, Bio-ITech BV (eLabJournal), ID Business Solutions (IDBS) Ltd (Danaher Corporation), Kinematic Inc., Lab-Ally LLC, LabArchives, LLC., Labfolder GmbH, Labii Inc., LabLynx, Inc., LABTrack, LLC, LabVantage Solutions, Inc., LabWare, Inc., Mestrelab Research, PerkinElmer, Inc., RURO, Inc., SciNote LLC, Seqome Limited, Thermo Fisher Scientific Inc., and Waters Corporation among several others.

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