Home GDPR #Privacy: Growth in global electronic notebook market may be hindered by data privacy and cyber-security concerns
GDPR - October 15, 2019

#Privacy: Growth in global electronic notebook market may be hindered by data privacy and cyber-security concerns

The growth in the overall electronic lab notebook market is mainly attributed to growing automation in laboratories and digitalisation of laboratory data, increasing R&D activities, growing need for efficient data management in various application industries, technological advancements in laboratory solutions, and rising pressure for regulatory compliance.

In addition, a rapid shift towards cloud-based ELN across the globe and rapid adoption of ELN by the emerging economies will further provide significant opportunities for the various stakeholders in this market.

However, factors such as limited budgets, data integration, and data privacy & security concerns- are likely to hinder the market growth.

The global electronic lab notebook (ELN) market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025-by product type (specific ELN, cross-disciplinary ELN), license type (proprietary, open-source), mode of delivery (on-premises, web & cloud-based), and end-user (biotechnology industries, pharmaceutical industries, CROs, and CMOs, academic research institutes, food & beverage industries, and others).

The study also evaluates industry competitors and analyses the market at the regional and country level.

Cross-disciplinary or enterprise-wide ELNs segment is estimated to command the largest share of the global ELN market in 2019. The high share of cross-disciplinary ELNs was attributed to a greater adoption as they meet a broad range of scientific needs with their ability to provide a suitable environment that is easy to use across multiple disciplines.

Moreover, reduced costs of IT overheads, ability to view data across an organisation, data standardisation, secure storage of an organisation’s knowledge and IP in one central location, improved workflow management across disciplines, better collaboration across research areas, and exploitation of information for business decisions and strategic planning contributed in the greater adoption of cross-disciplinary or enterprise-wide ELNs.

On the basis of license type, the proprietary license segment is estimated to command the largest share of the overall ELN market in 2019. The large share of this segment is mainly due to its advantages such as ownership of the software, quick and efficient support, a plethora of features, and the ability to customize as per requirement.

On the basis of delivery mode, the web and cloud-based ELN segment is estimated to command the largest share of the overall ELN market in 2019 and is poised to grow at the fastest CAGR during the forecast period. Factors such as the lucrative rate for their real-time data analysis, easy accessibility, reliability, flexibility, scalability, and cost-effectiveness supported the largest share.

However, some big organizations are still implementing ELN on-premises due to concerns related to data confidentiality and security on remotely managed servers.

The post #Privacy: Growth in global electronic notebook market may be hindered by data privacy and cyber-security concerns appeared first on PrivSec Report.


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