Connect with us

Technology

Laboratory Information Management System (LIMS) Market size is set to grow by USD 1.62 billion from 2024-2028, increase in recent developments in LIMS to boost the market growth, Technavio

Published

on

NEW YORK, June 28, 2024 /PRNewswire/ — The global laboratory information management system (LIMS) market  size is estimated to grow by USD 1.62 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.46%  during the forecast period. Increase in recent developments in lims is driving market growth, with a trend towards emergence of SaaS-based LIMS. However, increasing data security and privacy concerns  poses a challenge. Key market players include Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC, Attune Technologies Pvt. Ltd., Autoscribe Informatics, Benchling Inc., Broughton Software Ltd., Comp Pro Med Inc., Computing Solutions, Eusoft Ltd., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., Labworks LLC, Nous Infosystems Pvt. Ltd., Novatek International, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (On-premise and Cloud-based), Component (Software and Services), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC, Attune Technologies Pvt. Ltd., Autoscribe Informatics, Benchling Inc., Broughton Software Ltd., Comp Pro Med Inc., Computing Solutions, Eusoft Ltd., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., Labworks LLC, Nous Infosystems Pvt. Ltd., Novatek International, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc.

Key Market Trends Fueling Growth

Companies are increasingly adopting Software-as-a-Service (SaaS) based Laboratory Information Management Systems (LIMS) due to their cost-effectiveness and efficiency benefits. SaaS LIMS offers flexibility and short implementation times, enabling remote data access through web browsers. This reduces implementation costs and enhances investment returns. Small and mid-sized labs, which may not have dedicated IT budgets, find SaaS an attractive option. Popular SaaS LIMS vendors include CloudLIMS, FreezerPro, ChemWare, and EUSOFT. These factors are expected to drive the growth of the LIMS market during the forecast period. 

The Laboratory Information Management System (LIMS) market is experiencing significant growth due to the increasing demand for efficient and accurate laboratory data management. Machines, such as Analyzers and Instruments, generate vast amounts of data daily. This data must be managed effectively to ensure accurate results and compliance with regulations. Advanced features like Expandable Capacity and Findability are trending in the LIMS market. These features enable easy access to data and scalability as laboratory needs grow. Additionally, the integration of Biopharmacy and Research sectors is driving innovation in the LIMS market. Overall, the market is focused on providing Solutions that are Tech-Logical, Cost-Effective, and Regulatory-Compliant. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Businesses and government healthcare agencies increasingly choose cloud-based Laboratory Information Management Systems (LIMS) due to their cost-effectiveness and ease of access. Cloud deployment offers centralized data storage, high-speed networks, and seamless integration with existing systems. Key benefits include lower initial costs, simplified software management, robust security, and dependable performance. However, potential data breaches may hinder market growth during the forecast period.The Laboratory Information Management System (LIMS) market faces several challenges. One key challenge is ensuring data consistency and accuracy across various laboratory processes. Another challenge is integrating new technologies, such as artificial intelligence and machine learning, into existing LIMS systems. Additionally, ensuring data security and compliance with regulations like HIPAA and GDPR is a significant challenge. Furthermore, the need for real-time data access and analysis is increasing, requiring LIMS solutions to be scalable and flexible. Lastly, training staff to effectively use LIMS systems and ensuring their continued support is essential for successful implementation.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This laboratory information management system (lims) market report extensively covers market segmentation by

Deployment 1.1 On-premise1.2 Cloud-basedComponent 2.1 Software2.2 ServicesGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 On-premise-  The on-premises LIMS market is experiencing significant growth due to the rising demand for secure and customizable data management solutions. These systems offer organizations control over data storage, access, and configuration, ensuring compliance with data privacy regulations. Key players, such as Thermo Fisher Scientific Inc. And Labworks LLC, provide tailored solutions for specific industries and offer regular updates and user-driven customization options. Market trends include advanced data analytics and visualization tools, enhancing decision-making capabilities. Regulatory requirements in sectors like healthcare and pharmaceuticals further fuel the adoption of on-premises LIMS solutions.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Laboratory Information Management System (LIMS) market encompasses innovative solutions designed for managing and optimizing data-driven operations in various laboratories and research facilities. These systems facilitate the organization and execution of experiments and tests, ensuring accurate and efficient data collection and analysis. Compliance with regulations such as 21 CFR Part 11 is crucial, and LIMS solutions enable adherence through secure data management and electronic signatures. In the realm of medical cannabis, cannabis testing laboratories leverage these systems for sample tracking, data analysis, and result reporting. IT solutions, including those provided by skilled IT professionals, play a vital role in implementing and integrating LIMS software within laboratories. Operational efficiency is significantly enhanced through workflows optimized by these systems, enabling pipeline analysis and informed decision-making. Data center providers ensure the necessary infrastructure and security for hosting and managing laboratory data.

Market Research Overview

The Laboratory Information Management System (LIMS) market encompasses solutions that manage and automate laboratory operations, from sample receipt to result reporting. These systems utilize advanced technologies such as RFID, barcoding, and LIMS software to streamline workflows, enhance data accuracy, and improve overall efficiency. LIMS market offerings include modules for inventory management, quality control, data analysis, and reporting. The global LIMS market is expected to grow significantly due to increasing demand for automation in laboratories, rising focus on data-driven research, and the need for regulatory compliance. Additionally, the integration of AI and machine learning technologies in LIMS solutions is driving innovation and enhancing their capabilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premiseCloud-basedComponentSoftwareServicesGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/laboratory-information-management-system-lims-market-size-is-set-to-grow-by-usd-1-62-billion-from-2024-2028–increase-in-recent-developments-in-lims-to-boost-the-market-growth-technavio-302185306.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Act Now: ez1095 Software Simplifies ACA Corrections with Built-In XML Import Feature

Published

on

By

ez1095 ACA software includes a powerful XML data import feature included in the e-file version to streamline correction and replacement form filing.

REDMOND, Wash., Apr. 6, 2026 /PRNewswire/ — With ACA compliance deadlines approaching and penalties on the line, Halfpricesoft.com is urging employers and tax professionals to act quickly with the latest 2025 ez1095 software, now equipped with a built-in XML data import feature designed to simplify ACA correction and replacement form processing.

Don’t risk ACA penalties or last-minute filing stress. Get ahead of correction and replacement filing with ez1095. Download the software, leverage the built-in XML import feature, and ensure accurate, compliant ACA submissions, click here to get started now.

Developers at Halfpricesoft.com have enhanced ez1095 ACA (Affordable Care Act) software to include XML import functionality at no additional cost, allowing users to efficiently process corrections with greater speed and accuracy.

“ez1095 2025 software includes an XML data import feature to process correction and replacement forms more quickly and securely,” said Dr. Ge, Founder of Halfpricesoft.com.

This feature significantly reduces manual data entry and helps organizations manage ACA corrections with confidence. Businesses handling only a few corrections can choose to print paper forms with the “Corrected” box checked and submit by mail, while those needing to efile can follow step-by-step guidance here.

ez1095 supports all required ACA forms, including 1095-C, 1094-C, 1095-B, and 1094-B, and is IRS-approved to generate electronic filing documents for both current and prior tax years. By managing ACA filings in-house, organizations gain greater control, improved data security, and reduced processing costs.

The software also eliminates the need for pre-printed forms by allowing users to print both IRS and recipient copies on plain white paper. With robust import capabilities, including spreadsheets, XML files, and prior-year data, ez1095 ensures faster setup and streamlined processing.

Flexible Pricing Options:

$295 – Print & Mail Version

$495 – Federal Efile Version

$695 – State & Federal Efile Version

Each version supports unlimited companies, recipients, and ACA forms at no additional cost. Learn more

Key Features Include:

Built-in XML import for fast ACA correction processing

IRS-approved efile document generation

Support for original, correction, replacement, and test submissions

Print ACA forms (1095/1094 B & C) on plain white paper

Unlimited form processing for multiple companies

PDF generation for recipient distribution

No internet required to run the software

Easy step-by-step interface with built-in help resources

Efile direct, add-on feature available for those with no time or TCC code

Compatibility with Windows 11, 10, and 8

Don’t hesitate! Correct ACA forms today by visiting Halfpricesoft.com. Test drive the ez1095 for up to 30 days at no cost or obligation. Please note: Trial will appear on forms and efile feature is not enabled for test drive.

Halfpricesoft.com is a leading provider of small business software, including payroll, accounting, time tracking, and check printing solutions. Its product lineup includes W2, 1099, and 1095 form software, as well as ezACH direct deposit tools. Trusted by businesses for over two decades, Halfpricesoft.com helps streamline operations and simplify payroll and tax reporting.

View original content to download multimedia:https://www.prnewswire.com/news-releases/act-now-ez1095-software-simplifies-aca-corrections-with-built-in-xml-import-feature-302735658.html

SOURCE Halfpricesoft.com

Continue Reading

Technology

Code & Co. Opens New York Office

Published

on

By

Kirby Montgomery Appointed to Lead Local Team

BERLIN, LONDON and NEW YORK, April 21, 2026 /PRNewswire/ — Code & Co., the global AI & Technology Due Diligence firm, today announces the opening of its New York City office and the appointment of Kirby Montgomery as Head of North America.

The US has long been a core market for the firm, accounting for a significant share of its 800+ engagements to date. Kirby will lead the local expert team, backed by Code & Co.’s practice and proprietary AI and software platform.

An operator-first appointment with a decade of PE-adjacent experience

Kirby brings twenty years of experience scaling software products across fintech, payments, and healthtech. Most recently, he was Head of Product and GM at SAP Taulia, leading the 0-to-1 build of a new payments line. Earlier, as VP of Product Management at C2FO, he helped replatform a supply chain finance product generating over $130M in gross revenue and launched the C2FO API platform. As Director of International Product at TreviPay (then MSTS), he helped scale annual transactions to $5B and expand from 4 to 30 countries, ahead of its acquisition by Corsair Capital in 2020. He also co-founded TheraWe, acquired by Rethink First (a K1 Capital platform).

Code & Co. first met Kirby in 2020 during its Tech DD on MSTS for the Corsair transaction. Over the next six years, he worked alongside the firm in a senior advisory capacity, making a full-time move the obvious next step.

From Our Leadership Team

“We have been serving US clients for years, but having a strong team on the ground, in their timezone, changes what we can deliver. Faster access and the speed to insight that modern deal-making demands, backed by our global team with 800+ deals behind them.”
– Dan Bender, Founding Partner

“Most investors are asking harder questions about AI than ever before and need answers they can act on. That is what drew me to Code & Co. The team has spent a decade building the tools, methodology, and track record to give investors real conviction and real-world action plans. I am here to scale that further, on both the buy-side and sell-side, and everything in between.”
– Kirby Montgomery, Head of North America

What We Do

Code & Co. offers an end-to-end suite of AI & Technology DD services, purpose-built for the pace and demands of modern deal-making.

AI & Tech DD: Fast, actionable, data-driven buy-side assessments covering every major market, strategy, and sector, supporting funds from first look through the entire value creation lifecycle.Sell-side & Vendor DD: Helping sellers get ahead of buyer scrutiny with rigorous exit readiness assessments and vendor DD materials that hold up to sophisticated acquirers.Lightning DD: Rapid pre-qualification delivering a sharp first point of view, driven by document analysis, deep research, and web signal intelligence, before significant time or capital is committed to a process.Cyber & IT DD: Full-spectrum infrastructure, security posture, and IT operational risk review, relevant across virtually every deal type.Embedded Software & Hardware: In-house expertise across embedded systems, hardware-adjacent software, and Industry 4.0 and IIoT environments.AI Future Readiness: Cutting through AI hype to assess whether a company’s strategy, architecture, governance, team, and roadmap are genuinely defensible and built to scale.Portfolio Monitoring & Continuous Diligence: Ongoing technology and AI maturity tracking across portfolio companies, powered by Code & Co.’s proprietary software stack.

About Code & Co.

Code & Co. is a leading AI & Technology DD firm serving private equity and growth investors globally. Founded in 2016, the firm has completed 800+ engagements for 200+ funds across buy-side, sell-side, and vendor mandates. Every team member is an operator with hands-on experience in technology, product, and AI. www.codeandco.com

Full press release: https://www.codeandco.com/media/code-co-opens-new-york-office

For inquiries: hello@codeandco.com

Photo – https://mma.prnewswire.com/media/2960257/Code_and_Co.jpg
Logo – https://mma.prnewswire.com/media/2960255/Code_and_Co_logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/code–co-opens-new-york-office-302747121.html

Continue Reading

Technology

Fastmarkets and Expana form strategic partnership to strengthen forest products market intelligence

Published

on

By

LONDON, April 21, 2026 /PRNewswire/ — Fastmarkets and Expana, global leaders in commodity price reporting and market intelligence, today announced a strategic partnership to deliver deeper, more actionable forest products intelligence to customers.

Under the partnership, Fastmarkets’ trusted forest products price benchmarks will be integrated directly into the Expana platform, giving customers streamlined access to essential upstream pricing alongside downstream market insights. The collaboration is designed to support faster, more confident decision‑making across increasingly complex and volatile forest products markets.

By combining Fastmarkets’ authoritative, IOSCO‑compliant price assessments with Expana’s downstream intelligence and analytics, customers can access critical pricing for key forest product categories – including pallets, wood, recovered paper and packaging – within a single workflow.

“As forest products markets become more volatile and margin pressure increases, customers need trusted price benchmarks embedded alongside downstream intelligence,” said Raju Daswani, CEO at Fastmarkets. “Partnering with Expana allows us to deliver that combination in a way that is practical, decision‑ready and directly aligned with how Expana’s agri-food customers operate.”

Fastmarkets delivers some of the most widely relied-upon forest products price assessments globally, spanning pulp, recovered paper, timber, biomass, wood products, pallets, tissue, nonwovens and graphic paper. These benchmarks provide transparency and confidence to buyers, sellers and traders navigating dynamic market conditions.

“At Expana, we are committed to providing our users with comprehensive, reliable data to support smarter decision-making,” said Julie Harris, CEO at Expana “Fastmarkets’ authoritative forest products price benchmarks are a natural fit for our customers, and this partnership represents a meaningful step forward in expanding the insights available on our platform,” she added.

Expana delivers comprehensive market intelligence and analytics across food, beverage and FMCG supply chains, with deep expertise in packaging materials, industrial inputs and cost modeling. The platform’s advanced analytics and forecasting tools help customers understand cross-commodity relationships and supply chain impacts, enabling more strategic procurement decisions across volatile markets.

The partnership reflects a shared commitment by Fastmarkets and Expana to improving market transparency and equipping customers across the value chain with high‑quality, decision‑critical intelligence.

For more information, contact media@fastmarkets.com or visit www.fastmarkets.com.

ABOUT FASTMARKETS

Fastmarkets is an industry-leading PRA and information provider for the agriculture, forest products, metals, carbon and energy transition markets. Its benchmark prices, analytics, forecasts, and insights are critical to customers seeking to trade, manage risk, and understand complex global markets.

Fastmarkets was founded in 1913, with a heritage dating back to 1865 through several of its acquired brands. Fastmarkets employs more than 700 people worldwide, with offices across Europe, the Americas, and Asia. The company is privately held and backed by Astorg, a leading European private equity firm.

ABOUT EXPANA

Expana is the world’s leading agrifood-focused Price Reporting Agency and global information provider. In markets defined by volatility, opacity and risk, Expana equips businesses with the foresight when to buy or sell, how much, where to source, what to reformulate and how to price. By uniting frequently updated pricing data, predictive forecasts, cost modeling and expert analysis, Expana transforms market data into negotiation power and boardroom-ready intelligence. The result: reduced risk, millions saved in COGS, stronger supply resilience, and faster, more confident growth.

Logo – https://mma.prnewswire.com/media/749593/5925114/Fastmarkets_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/fastmarkets-and-expana-form-strategic-partnership-to-strengthen-forest-products-market-intelligence-302747342.html

Continue Reading

Trending