[122 Pages Report] The data analysis, storage & management market in life sciences is projected to reach USD 41.1 billion by 2024 from USD 18.7 billion in 2019, at a CAGR of 17.1%. The growth of this market is majorly driven by the growing demand for data storage and management solutions due to extensive amount of data generated through large number of research activities. However, the high cost of implementation and regulatory hurdles are major factors restraining the growth of this market.
By product, the data analysis, storage & management market in life sciences is segmented into data analysis software and workbenches, data analysis services, and storage, management, and cloud computing solutions. The software and workbenches segment accounted for majority of the market share in 2018 and is anticipated to grow at a CAGR of 16.1% during the forecast period. This growth can be attributed to the requirement of high focus on analysis in the extensive amount of ongoing research in life sciences industry.
Based on applications, the data analysis, storage & management market is segmented into next generation sequencing, microscopy, chromatography, flow cytometry, spectroscopy, and other applications such as PCR among others. The Next Generation Sequencing segment is anticipated to drive growth in the market at a CAGR of 18.3% over the forecast period. This growth can be attributed to the increasing adoption of NGS due to reducing cost of sequencing.
The HPC and data analysis, storage and management markets in life scinces are geographically segmented into US, Germany, France, and UK. With the presnce of large number of pharmaceutical and biotechnology companies focusing on drug development and generating huge amount of data, the US dominated the HPC and data analysis, storage and management markets in 2018. Increasing adoption of Cloud Based Solutions will be fueling the growth of the market across the geograhpies.
Some of the prominent players in global HPC, data analysis, storage & management industry include Dell Technologies Inc. (US), Advanced Micro Devices, Inc. (US), Cray, Inc. (US), Cisco Systems, Inc. (US), IBM Corporation (US), Intel Corporation (US), Lenovo Group Limited (China), Hewlett Packard Enterprise Company (US).
Dell Technologies Inc. is one of the leading player in the HPC, data analysis, storage and management market. The company offers a range of products and services used in this segment. The company‘s significant presence in this market can be attributed to its extensive product portfolio and strong sales & distribution network. Dell Technologies witnessed a growth of 28% in revenues for the fical year 2018. The merger with EMC has offered immense opportunities to Dell Technologies in storage, data analysis and cloud computing space.
IBM Corporation is another leading player in the HPC, data analysis, storage and managment market. The company offers a wide range of products and solutions for life sciences segment. The company focuses on launching new products in the market. Enhanced scalability of platform, faster results at low total cost of ownership (TOC), and integration with independent software vendor (ISV) are key strnghths of the company.
Report Metric |
Details |
Market Size Available for Years |
2018–2024 |
Base Year Considered |
2018 |
Forecast Period |
2019–2024 |
Forecast Units |
Value (USD) |
Segments Covered |
HPC, Data Analysis, Storage & Management Market in Life Sciences by products & services, applications, end users, and regions |
Geographies Covered |
US, UK, Germany, France |
Companies Covered |
Major 7 players covered, including |
This research report categorizes HPC, Data Analysis, Storage & Management Market in Life Sciences into the following segments and subsegments:
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Table of Contents
1. Introduction
1.1 Objectives of the Study
1.2 Abbreviations & Definitions
1.3 Assumptions & Limitations
2. Research Methodology
2.1 Market Breakdown and Data Triangulation
2.2 Market Size Estimation
2.3 Forecast Model Steps
3. Executive Summary
4. Market Overview
5. Global Data Analysis, Storage & Management and HPC Market
6. Global Data Analysis, Storage & Management Market, By Products & Services
7. Global Data Analysis, Storage & Management and HPC Market, By Application
8. Global Data Analysis, Storage & Management and HPC Market, By End-User
9. Global Data Analysis, Storage & Management Market, By Geography
10. Competitive Landscape
11. Company Profile
11.1 Dell Technologies Inc.
11.2 Advanced Micro Devices, Inc.
11.3 Cray, Inc.
11.4 Cisco Systems, Inc.
11.5 IBM Corporation
11.6 Intel Corporation
11.7 Lenovo Group Limited
List of Tables (20 Tables)
Table 1 U.S.: Market, By Products & Services (2017 - 2024), USD Bn
Table 2 U.S.: Storage, Management, & Cloud Computing Solutions Market, By Type of Cloud (2017 - 2024), USD Bn
Table 3 U.S.: Market, By Type of Microscopy (2017 - 2024), USD Bn
Table 4 U.S.: Market, By Type of Microscopy (2017 - 2024), USD Bn
Table 5 U.S.: Market, By End User (2017 - 2024), USD Bn
Table 6 Germany: Market, By Products & Services (2017 - 2024), USD Bn
Table 7 Germany: Storage, Management, & Cloud Computing Solutions Market, By Type of Cloud (2017 - 2024), USD Bn
Table 8 Germany: Market, By Application (2017 - 2024), USD Bn
Table 9 Germany: Market, By Type of Microscopy (2017 - 2024), USD Bn
Table 10 Germany: Market, By End User (2017 - 2024), USD Bn
Table 11 U.K.: Storage, Management, & Cloud Computing Solutions, By Type of Cloud(2017 - 2024), USD Bn
Table 12 U.K.: Market, By Products & Services (2017 - 2024), USD Bn
Table 13 U.K.: Market, By Application (2017 - 2024), USD Bn
Table 14 U.K.: Market, By Type of Microscopy (2017 - 2024), USD Bn
Table 15 U.K.: Market, By End User (2017 - 2024), USD Bn
Table 16 France: Market, By Products & Services (2017 - 2024), USD Bn
Table 17 France: Storage, Management, & Cloud Computing Solutions Market, By Type of Cloud (2017 - 2024), USD Bn
Table 18 France: Market, By Application (2017- 2024), USD Bn
Table 19 France: Market, By Type of Microscopy (2017- 2024), USD Bn
Table 20 France: Market, By End User (2017 - 2024), USD Bn
List of Figures (38 Figures)
Figure 1 Global Market, 2018-2024 (USD Billion)
Figure 2 Market, By Geography (2018 vs. 2024)
Figure 3 Global Market, By Applications, USD Bn (2018 vs 2024)
Figure 4 Global Market, By Products & Services, USD Bn (2018 vs 2024)
Figure 5 Global Market, By End-User, USD Bn (2018 vs 2024)
Figure 6 Global HPC Market, 2018-2024 (USD Billion)
Figure 7 Global HPC Market, By Geography, USD Bn (2018 vs 2024)
Figure 8 Global HPC Market, By Applications, USD Bn (2018 vs 2024)
Figure 9 Global HPC Market, By End-User, USD Bn (2018 vs 2024)
Figure 10 Supply Side-Respondent Profiling By Type of Respondents
Figure 11 Supply Side-Respondent Profiling By Country
Figure 12 Supply Side-Respondent Profiling By Type of Designation
Figure 13 Demand Side-Respondent Profiling By Type of Designation
Figure 14 Demand Side-Respondent Profiling By Type of Ownership
Figure 15 Demand Side-Respondent Profiling By Type of Organization
Figure 16 Demand Side-Respondent Profiling By Type of Region
Figure 17 Global Market, 2018 – 2024 (USD Bn)
Figure 18 Global HPC Market, 2018 – 2024 (USD Bn)
Figure 19 Global Market, By Products & Services (2018 vs. 2024)
Figure 20 Global Market, By Application (2018 vs. 2024)
Figure 21 Global HPC Market, By Application (2018 vs. 2024)
Figure 22 Global Market, By End-User (2018 vs. 2024), USD Bn
Figure 23 Global HPC Market, By End User (2018 vs. 2024) USD Bn
Figure 24 Market, By Geography (2018 vs. 2024), USD Bn
Figure 25 U.S.: Market, By Products & Services (2018)
Figure 26 U.S.: Market,By Application (2018)
Figure 27 U.S.: Market, By End User (2018)
Figure 28 Germany: Market, By Products & Services (2018)
Figure 29 Germany: Market, By Application (2018)
Figure 30 Germany: Market, By End User (2018)
Figure 31 U.K.: Market, By Products & Services (2018)
Figure 32 U.K.: Market, By Application (2018)
Figure 33 U.K.: Market, By End User (2018)
Figure 34 France: Market, By Products & Services (2018)
Figure 35 France: Market, By Application (2018)
Figure 36 France: Market, By End User (2018)
Figure 37 HPC Market, By Geography (USD Billion)
Figure 38 Competitive Landscape Snapshot
The study involved four major activities to estimate the current size of the HPC, Data Analysis, Storage & Management Market in Life Sciences. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing estimates with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to in order to identify and collect information for this study.
Several stakeholders such as HPC and data storage & management vendors, and scientists and data analysts from pharma-biotech companies and academic & government institutes were consulted for this report. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is a breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Both top-down and bottom-up approaches were used to estimate and validate the total size of the HPC, Data Analysis, Storage & Management Market in Life Sciences. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size-using the market size estimation processes-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the HPC, Data Analysis, Storage & Management Market in Life Sciences.
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Growth opportunities and latent adjacency in HPC, Data Analysis, Storage & Management Market