Electronic Lab Notebook Market: Global Industry Analysis and Forecast (2023-2029)

Electronic Lab Notebook Market was valued at US$ 561.7 Mn. in 2022. Global Electronic Lab Notebook Market size is expected to grow at a CAGR of 5 % through the forecast period.
Electronic Lab Notebook Market Overview:
Electronic Lab Notebook (ELN) is a software program that mimics the interface of a page in a paper lab notebook. You can use your computer or a mobile device to insert protocols, observations, notes, and other data into an ELN. The electronic lab notebook is the substitute for the conventional paper notebooks used in the laboratories. The electronic lab notebooks provide the digital data of the laboratory and offer various benefits such as protection, easier data search, such as collaboration and centralization of the data, and facilitate efficient organization of data.

Additionally, it allows scientists and researchers to search, access, and share the results of their experiments. The electronic lab notebook software plays a chief role in complying with regulatory policies such as FDA 21 CFR 11 and others according to each region, in order to assure efficient data security. Drawing flow charts and diagrams related to research, and writing down procedures and conclusions the electronic lab notebook software is useful. The software is used in various industries such as pharmaceuticals, chemicals, food & beverages, and academics.To know about the Research Methodology:-Request Free Sample Report
Electronic Lab Notebook Market Dynamics:
Market Drivers:

The growing requirement for better data management in various business verticals is expected to boost the growth of the electronic lab notebook market these is driving the growth of the market during the forecast period. Additionally, electronic lab notebooks offer a number of advantages, including the capacity to export or share data in a variety of formats, integration with complicated LIMS systems to support both organized and unstructured data, elimination of additional waste, and documentation. The documents and data are well-organized and can be accessed from any location with an internet connection. The cost of setup and maintenance on an external server is frequently included in the licensing charge.

The software assumes responsibility for continuing administration, upgrades, and maintenance with the appropriate permissions (and most guarantee reliability and document up-time). With technologies like 2-factor identification, unique passwords, IP address restrictions, and data-protocol partitioning, secure software balanced access throughout the team and inter-institution sharing of resources. Accessibility for present and future research both inside and outside the lab—a permanent archive Data and protocol clarity and structure have improved as a result of the centralized data management. As a result, all of these variables are driving the electronic lab notebook market.

Market Restraints:

One of the major factors that is hampering the growth of the electronic lab notebook market is the data entered into the electronic lab software has a fear of hacking. Even though they are password-protected, if the data is stored in the cloud, it is still being stored in a database somewhere.

Market Opportunities:

In recent years the increased adoption of the electronic lab notebook software in the academic sector such as schools and colleges is growing. The adoption of ELN in the university labs is poor even though it is an efficient external and internal collaboration tool for separate research teams. Among various organizations and groups, it offers real-time information sharing. The ELN software records all experimental records electronically, role-based data access, and facilitates search ability by keywords. Owing to these benefits are expected to increase the adoption of ELN in universities and institutes. Additionally, the ELN software allows students to operate from their own devices there is no requirement of additional software installation.

The growing use of cloud-based software in recent years is offering significant opportunities during the forecast period. Industries are adopting cloud-based software and it is gaining popularity in many industries. The cloud-based software offers various features to the industries while handling such as enhanced security measures and data storage. Additionally, it simplifies file sharing, reduces the expenditure of the hardware, enhances version control, and improves user satisfaction. Moreover, it allows remote access to information and simplifies in-house maintenance requirements. As a result, owing to all these the electronic software market is expected to grow during the forecast period.
Competitive Landscape:

The key players in the electronic lab notebook (ELN) market are LabWare, Core informatics, Arxspan LLC, Agilent Technologies, Benchling, Inc., LabVantage Solution Inc., Abbott Laboratories, LabLynx, Inc., etc.

With the commercialization of integrated systems, the key companies are capturing client value by delivering software that links laboratory information management systems (LIMS) with electronic laboratory notebooks (ELNs). The majority of solution suppliers are ready to enhance functionality by providing better user control privileges, increased interoperability, and meta-data export capabilities. Top players are putting a lot of emphasis on strong security measures and regularly updating the foundation to keep hackers far away.
Electronic Lab Notebook Market Segment Analysis:
Based on Product, the cross-disciplinary segment held the largest market share of xx% in 2022. The cross-disciplinary is used across multiple disciplines such as Management, R&D, IT, and legal. The other benefits, in addition, are common data collection processes, reduced costs of IT overheads, and standards across the organization, built-in workflow, and secure storage management. It gives easy access and allows the greater exploitation of the shared data.

Specific ELN, on the other hand, is limited to a specific discipline and is most relevant to the research topic. When compared to cross-disciplinary data, the data is more secure. It increases the productivity of a single research function and restricts data exchange to a single team. As a result, owing to all the factors the cross-disciplinary segment is driving the electronic lab notebook market.

Based on the License, the proprietary segment held the largest market share of xx% in 2022.
When compared to open source, it is more secure. The software's owner keeps track of the source code, which includes certain key features.

Open-source software, on the other hand, has a limited feature set. Under certain conditions, the source code can be used, updated, and shared. Indigo ELN is an example of an open-source project. CeN, Pfizer's internal chemistry electronic lab notebook, provides the basis for it. Scientists use open-source to prepare, analyze, and plan experiments, as well as to acquire essential information.

Based on Application, the pharmaceutical segment held the largest market share of xx% in 2022. Pharmaceutical companies are leading adopters of the electronic lab notebook software in recent years. The companies preferred the software to use primarily to keep the data safe. For pharmaceutical companies, the regulatory pressure is increasing to maintain validity, data integrity, and security. Owing to all the factors the pharmaceutical segment is growing the demand for the electronic lab notebook market.
Regional Insights:
The North America region dominated the market with xx % share in 2022. The North America region is expected to witness significant growth at a CAGR of xx% through the forecast period.

In North America, the technologically advanced infrastructure and the policies supporting the deployment of ELN in the laboratories are boosting the demand for the electronic lab notebook market in the region. Additionally, for good laboratory practices in pharmaceutical industries, and in life science, the growth is fueled by the trend of various stakeholders. The rapid pace of digitalization of records and extensive research in ICT for the scientific community have strengthened the prospects of the North American electronic lab notebook market.

The Asia Pacific area has established itself as a viable market. Researchers' increasing focus on complying with changing regulatory norms, at the regional levels, is driving the expansion. The increasing number of translational research projects in the pharmaceutical industry is a major element broadening the scope for new prospects in the Asia Pacific electronic lab notebook market.

The objective of the report is to present a comprehensive analysis of the Global Electronic Lab Notebook Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Electronic Lab Notebook Market dynamic, structure by analyzing the market segments and projecting the Electronic Lab Notebook Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Electronic Lab Notebook Market make the report investor’s guide.
Electronic Lab Notebook Market Scope: Inquire before buying



Electronic Lab Notebook Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
 5%
US$ 561.7 Mn
US$ 790.4 Mn


Segments Covered


by Product
Specific
Cross-Disciplinary
by License
Open
Proprietary
by Application
Pharmaceutical
Chemical Industry
Environmental Testing Labs
F&B and Agriculture
CROs
Others


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1.Labii
2.LABFOLDER GMBH
3.LABTRACK,
4.LabVantage Solutions
5.LabWare
6.Sapio Sciences.
7.SciNote LLC
8.RURO
9.SEQOME Limited.
10.Thermo Fisher Scientific,
11.Agilent Technologies
12.Abbott
13.PerkinElmer
14.Arxspan a Bruker Company
15.eLabNext
16.Bio-ITech B.V.
17.Dassault Systèmes
18.Danaher.
19.Lab-Ally
20.LabArchives
21.Core informatics
22.Benchling

Frequently Asked Questions:

1] What segments are covered in the Global Electronic Lab Notebook Market report?
Ans. The segments covered in the Electronic Lab Notebook Market report are based on Product, License, and License.

2] Which region is expected to hold the highest share in the Global Electronic Lab Notebook Market?
Ans. The North America region is expected to hold the highest share in the Electronic Lab Notebook Market.

3] What is the market size of the Global Electronic Lab Notebook Market by 2029?
Ans. The market size of the Electronic Lab Notebook Market by 2029 is expected to reach US$ 790.4 Mn.

4] What is the forecast period for the Global Electronic Lab Notebook Market?
Ans. The forecast period for the Electronic Lab Notebook Market is 2023-2029.

5] What was the market size of the Global Electronic Lab Notebook Market in 2022?
Ans. The market size of the Electronic Lab Notebook Market in 2022 was valued at US$ 561.7 Mn.