New York, NY 18 Nov 2021: The global scientific data management system (SDMS) market size is expected to reach USD 551.4 million by 2027 according to a new study by Polaris Market Research. The report “Scientific Data Management System Market Size, Share & Trends Analysis Report By Deployment Mode (On-premise & Cloud), By End-Use (Laboratory, Research Institutes, Hospitals), By Region, And Segment Forecasts, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

SDMS also serves the data which is independent of platform that generates it and useful for the consumers. In addition, there are certain key features that differentiates it from various other key informatics systems including, the capability of the system to effectively handle heterogeneous or unstructured data and SDMS acts as a wrapper for different data systems such as electronic laboratory notebook (ELN) and LIMS. Further, SDMS is intended to consolidate data, implement knowledge management as well as identify key knowledge-based assets.

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The prominent factors favoring the market growth include advancement in the system, rising demand owing to prevalence of COVID-19 and investments in the SDMS by key technology behemoths. For instance, according to the Analytics Insight June 2020 publication, a major advancement has been achieved in managing the historical data through the implementation of artificial intelligence (AI) algorithms in SDMS. The analytics platform and AI integrate to extract vital information through the use of this management system.

There are significant I/O requirements in several scientific applications relating to the overall data sets or number of key files and size of the scientific data. The planned storage, management, effective analysis and efficient access of this crucial scientific data is of utmost importance and also poses a notable challenge. Previously, two key solutions were being deployed for this purpose including, databases or file I/O.

SDMS also offers an automated framework to capture scientific data by integrating the core informatics platform with workflow and instruments that are present in the scientific laboratory. There are several benefits of the system including, minimizes the time required for entering the data and boosts the system performance. SDMS comprises of manual or automated file loading, creating several entity types through just one file and association with barcodes.

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Market participants such as TIBCO Software Inc., Shimadzu Corporation, Merck KGaA, SciCord LLC, LabVantage Solutions Inc., Accelerated Technology Laboratories Inc., Abbott Laboratories, and Thermo Fisher Scientific Inc. are some of the key players operating in the global market.

Furthermore, companies are proactively introducing technologically-advanced cloud-based SDMS solutions for scientific laboratories that’s also increasing the demand for these solutions in the market. For instance, in July 2020, LabVantage Solutions, Inc. launched LabVantage platform version 8.5 that comprises of integrated scientific data management system. This fully functional and advanced SDMS solution precisely gathers data and offer high security to the laboratory instruments.

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