The global cloud biology market size was US$ 2.5 billion in 2021. The global cloud biology market is forecast to grow to US$ 12.69 billion by 2030 by growing at a compound annual growth rate (CAGR) of 21.6% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Cloud biology uses basic biology with the intervention of cloud computing to study the biological system. The combination of cloud computing and biology has contributed to the significant evolution of the entire healthcare industry. Thus, the global cloud biology market is forecast to grow at a substantial growth rate.

The growing medical needs of the citizens and rising cases of chronic and other life-associated diseases will surge the growth of the global cloud biology market.

The growing penetration of advanced technologies and improving healthcare infrastructure will boost the growth of the cloud biology market globally.

The rising demand for novel drugs and increasing spending on healthcare will benefit the global cloud biology market in the coming years.

Further, demand for cloud computing platforms in clinical laboratories is forecast to escalate in the coming years. As a result, it will benefit the global cloud biology market during the study period.

Security concerns related to cloud biology may limit the growth of the overall market.

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic surged the demand for cloud biology. The pandemic arose as a significant burden on healthcare, pharmaceuticals, and other industries. As a result, companies and healthcare bodies began adopting efficient cloud-based platforms in order to cope with the situation. Furthermore, cloud biology has played a pivotal role for research laboratories in carrying out research. Thus, the market witnessed significant growth opportunities due to the pandemic.

Regional Analysis

North America is forecast to dominate the global cloud biology market in terms of revenue. The growth of the market is attributed to the well-developed healthcare infrastructure and the presence of prominent industry players, such as Google LLC, Amazon Web Services (AWS), Inc., IBM Corp., Microsoft Corp., and Oracle Corp. In addition, the growing penetration of advanced technology will significantly contribute to the growth of the cloud biology market. The increasing number of fundings and investments by the government bodies will positively impact the regional cloud biology market during the forecast period.

Competitors in the Market

Simulation Plus Inc.
Chemical Computing Groups Inc.
Genedata AG
Insilico Biotechnology AG
Rhenovia Pharma SAS
Entelos
Nimbus Discovery
Athenahealth
Siemens Healthineera
GE Healthcare
Other Prominent Players
Market Segmentation

The global cloud biology market segmentation focuses on Type, Application, End-Users, and Region.

Based on the type, the cloud biology market has been segmented into

Public Cloud
Private Cloud
Hybrid Cloud
Based on the application, the cloud biology market has been segmented into

Genomics
Clinical Trials
Diagnostics
Pharma Manufacturing
Others
Based on end-users, the cloud biology market has been segmented into

Pharmaceutical & Biotechnological Companies
Clinical Laboratories
Contract Research Organisations
Others
Based on region, the cloud biology market has been segmented into-

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America