Global HPC, Data Analysis, Storage & Management in Life Sciences Market to Reach $106.9 Billion by 2030
The global market for HPC, Data Analysis, Storage & Management in Life Sciences estimated at US$43.1 Billion in the year 2023, is expected to reach US$106.9 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2023-2030. Data Analysis Software & Workbenches, one of the segments analyzed in the report, is expected to record a 11.8% CAGR and reach US$40.3 Billion by the end of the analysis period. Growth in the Data Analysis Services segment is estimated at 14.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.1 Billion, While China is Forecast to Grow at 13.4% CAGR
The HPC, Data Analysis, Storage & Management in Life Sciences market in the U.S. is estimated at US$13.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.6 Billion by the year 2030 trailing a CAGR of 13.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.4% and 11.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.
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