Global Life Science Software Market to Reach $8.1 Billion by 2026

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Life Science Software - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 19853
Companies: 14 - Players covered include ArisGlobal LLC; Ducen IT; DXC Technology; EPAM Systems, Inc.; Fujitsu Ltd.; GE Healthcare; HCL Technologies Ltd.; Instem Group of Companies; Medidata Solutions, Inc.; Oracle Corporation; PDS; SAP SE; SAS Institute, Inc.; Signiant, Inc.; Veeva Systems, Inc.; Xybion Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Pharmaceutical, Biotechnology, Other End-Uses); Segment (Cloud-based, On-Premise)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Life Science Software Market to Reach $8.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Life Science Software estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$8.1 Billion by 2026, growing at a CAGR of 6.6% over the analysis period. Cloud-based, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$5.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 6.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Life Science Software market in the U.S. is estimated at US$1.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.