Cloud Computing in Life Sciences R&D Market Industry Trends and key Insights by 2023

Cloud computing is referred as storage and access of the program and data over internet instead of using hard drive to store same data and program. Cloud computing uses servers and/or connected server to run application or a model instead of using personal computers, smart phones or tablets. Life sciences research and development involves scientific study of living organisms, such as microorganisms, plants, human and animals. Since, life science research and development activities revolve around biology of various living organisms, development in technology especially in the field of biotechnology and molecular biology has escalated.

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Taking into consideration, rapidly increasing research and development activities globally, growth in the demand for cloud computing in life sciences research and development is escalating. Factors that are fueling the demand for cloud computing in life sciences research and development field include, increasing multinational and multistate clinical trials on the grounds of advantage of cloud computing to access data from any corner of the world at any time resulting in ease of coordination, rising prevalence of chronic diseases globally and thereby swift in the demand for gene therapy to treat these diseases and thus rapidly increasing research and development activities in the field of life sciences. Further, research and development activities are highly regulated around the world. Therefore, detailed documentation of every step involved in the research activity is mandatory. Global regulatory authorities such as federal healthcare, have mandated the adoption of healthcare IT solutions which in result have fuelled the adoption of cloud computing in life science research and development. In addition, healthcare authorities worldwide are focusing on creation of worldwide healthcare research and development data that will be available for researchers and healthcare professionals for their research reference and studies is another major factor driving the global cloud computing life sciences research and development market towards growth. While on the other hand, issues involving data protection, confidentiality and ethical issues are challenging the growth of the global cloud computing in life science research and development. Based on the type of computing, global cloud computing in life sciences research and development market is segmented as follows:

High performance computing (HPC)
Grid computing
Virtual computing
MapReduce and Hadoop
Utility Computing
Further, on the basis of technology, global cloud computing in life sciences research and development market is segmented as follows:

Cloud models
Services
Platform-as-a-Service
Software-as-a-Service
Infrastructure-as-a-Service
Geographically, the global cloud computing in life sciences research and development market can be segmented on the basis of usage worldwide as follows:

North America
Europe
Asia Pacific
Rest of the World
Currently, North America dominates the cloud computing in life sciences research and development market and is followed by Europe. Factors that are fuelling the growth of the cloud computing in life sciences research and development in North America include highly developed research infrastructure, availability of structured regulatory framework, availability of research funds, higher rates of technology advancement and higher adoption rates of advanced technologies. Asia-Pacific is lucrative market for cloud computing in life sciences research and development. Factors that are expected to fuel the growth of cloud computing in life science research and development are rapidly improving healthcare infrastructure, increasing government initiative to boost research and development activities in the respective countries mainly China and India. In addition, availability of skilled and qualified labor at cheaper rates and improving technology infrastructure in India and China are expected to attract global clod computing service providers in these countries. Some of the major companies contributing to global cloud computing in life sciences research and development market are IBM Corporation, Hewlett-Packard (HP) Development Company, L.P., Microsoft Corporation, Intel Corporation AND Oracle Corporation.

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