Published Date: 18-Nov-2021
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According to a new report Global Chromatography Software Market, published by KBV research, The Global Chromatography Software Market size is expected to reach $1.6 billion by 2027, rising at a market growth of 9.7% CAGR during the forecast period.
The web & cloud-based software segment accounted for the maximum revenue share in the market in 2020 and is estimated to display the fastest growth rate during the forecast period. It is owing to the factors like easy data backup, quick accessibility, more flexibility, and less handling costs. Furthermore, the real-time supervision and storage of data, free huge storage space to store massive data, and remote access to data from anywhere in the world and from any device are anticipated to accelerate the growth of this segment.
The environmental testing segment is projected to emerge as the fastest-growing segment during the forecast period. It is due to the growing application of chromatography techniques to recognize the environmental state of any region and the associated anomalies. Additionally, chromatography assists in tracking the environmental conditions by the presence of volatile organic compounds in the atmosphere and examining pollutants in water, which would boost the demand for chromatography software.
North America emerged as the leading region in the chromatography software market with the highest revenue share in 2020. It is owing to the factors like growing adoption of technology in laboratory testing and the supportive policies for the implementation of such technologies to facilitate improved outcomes. In addition, the development of technologically improved infrastructure, rising digital literacy, and the presence of prominent market players in this region like Cytiva and Bruker Corporation are among the key aspects surging the growth of the regional market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Agilent Technologies, Inc., Shimadzu Corporation, Cytiva (Danaher Corporation), Bruker Corporation, Waters Corporation, DataApex, Gilson, Inc., KNAUER Wissenschaftliche Geräte GmbH, Restek Corporation, and SCION Instruments (the Techcomp group).
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