HPC, Data Analysis, Storage & Management Market in Life Sciences By Products & Services (Data Analysis, Cloud Computing), Applications (NGS, Microscopy, Chromatography), End User (Pharmaceutical & Biotechnology, Hospitals) - Global Forecast to 2024
[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.
Storage, Management, and Cloud Computing Solutions are expected to fuel the growth of data analysis, storage and management market in life sciences.
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.
Huge amount data generated with the increasing use of next generation sequencing in life sciences industry to drive market during the forecast period
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.
In 2018, data analysis, storage & management market for life sciences is dominated by the US
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.
Key Market Players
Some of the promenint players in this market 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.
Recent Developments:
- In 2018, AMD launched AMD Radeon Instinct MI60 and MI50 accelerators, the world’s first 7nm datacentre GPUs for next-generation deep learning, HPC, cloud computing and rendering applications to enhance computing performance. This would help researchers, scientists to process HPC applications efficiently across various industries like life sciences, academics etc. This helped AMD to expand its product portfolio in the AI, cloud computing and HPC segment.
- In 2017, Advanced Micro Devices, Inc. (AMD) collaborated with Microsoft (U.S.) for incorporating cloud features of AMD's next-generation ‘Naples’ processor with Microsoft's Project Olympus (Microsoft's next-generation hyper scale cloud hardware design). With this collaboration, the new solution will offer enhanced scalability, performance, efficiency, increased memory and high speed input/output channels on a single chip. This will help the company to drive its data centre and server market.
- In 2017, Cisco Systems,Inc. announced the acquisition of Viptela, a U.S. based company that delivers cloud,softwarte and networking solutions. Cisco Systems will combine technologies offered by Viptela such as cloud network management, routing platforms and solutions to provide secure and intelligent platforms for digital transformation. This will enhance Cisco's SD-WAN portfolio by improving the flexibility and performance that is delivered through cloud.
Key questions addressed in the Report:
- What are the growth opportunities in data analysis, storage and management market in life sciences across major geographies in the future?
- Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
- What are the various data analysis, storage and management solutions and their respective market reach in the overall market?
- What are the new trends and advancements in the HPC, data analysis, storage and management market?
- What are key products and services offered, value proposition, and key investments by the leading players in the market?
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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.
Secondary Research
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.
Primary Research
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:
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Market Size Estimation
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:
- The key players in the industry and markets have been identified through extensive secondary research
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
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.
Report Objectives
- To define, describe, estimate and forecast (up to 2024) the market for data analysis, software and data management and HPC market in the U.S., U.K, Germany and France
- To estimate and forecast the data analysis, software and data management and HPC market on the basis of applications and end-users
- To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and threats) and analyze the trends in the market
- To strategically profile key players and comprehensively analyze their market position and core competencies
- To track and analyze competitive developments such as mergers and acquisitions, new product developments, joint ventures, partnerships, agreements, and collaborations in the data analysis, software and management and HPC market
Scope of the Report
|
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:
HPC, Data Analysis, Storage & Management: Market in Life Sciences, by Product & Service
- Data Analysis Software and Workbenches
- Data Analysis Services
- Storage, Management and Cloud Computing Solutions
HPC, Data Analysis, Storage & Management: Market in Life Sciences, by Application
- Next Generation Sequencing
- Microscopy
- Chromatography
- Flow Cytometry
- Spectroscopy
- Others (Crystallography, PCR, Diagnostic Equipment and so on)
HPC, Data Analysis, Storage & Management: Market in Life Sciences, by End User
- Pharmaceutical and Biotechnology Companies
- Research Centers, Academic & Government Institutions
- Hospitals and Clinics
- Others (Agribusiness, Veterinary, Food and Beverages and so on)
HPC, Data Analysis, Storage & Management: Market in Life Sciences, by Country
- US
- UK
- Germany
- France
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of each company
Geographic Analysis:
- Analysis of other European countries and countries of Asia, LATAM, Africa, Middle East
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Opportunities Assessment:
- A detailed report underlining the various growth opportunities presented in the market
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the HPC, Data Analysis, Storage & Management Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in HPC, Data Analysis, Storage & Management Market