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The Thailand Data Center and Cloud Services Market is expected to generate USD ~840 Mn and ~3600 Mn respectively by 2027, owing to government policies, major investments, digitization and high-density demand: Ken Research

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Gurugram, India, April 12, 2023 (GLOBE NEWSWIRE) — Thailand Data Center and Cloud Services Market is at growing stage with moderately consolidated market. In Data Center market, NT Data Centers and AIS-CSL are the top players in the market whereas, in Cloud Service market AWS and Azure are the most preferred cloud services operators. Players in market are competing against with each other on the basis of number of data centers, data center capacity, data security, client base, uptime sla, customer services requirements, product portfolio, brand value and marketing.

  • The transition from these company-owned servers within office buildings towards public Cloud facilities will become more apparent mainly due to the greater focus on cost-effectiveness, flexibility, and reliability.
  • The rising adoption of technology, aggressive investments and new global entrants in the market will drive the Thailand Data Center Market in the forecasted period.
  • Hyperscale demand is expected to generate more demand from content providers & cloud operators, followed by leading e-commerce companies, public sector agencies, and the banking sector.

Cloud Adoption: Many businesses, especially small and medium-sized ones, are turning to managed cloud providers for assistance in deploying cloud-based migration and disaster recovery services, as well as transferring their workloads to the cloud.

Growing Urban Population: The country is witnessing rapid urbanization with 52.9% population (37.9 Mn inhabitants) living in urban areas in 2022 as compared to 52.1% population in 2021.

High Density Demand: High density racks with higher floor loading, with a density of 1.5 kg/kW or more, are becoming popular due to an increase data consumption in OTT and Cloud providers’ demand for their services; rack cooling equipment, routers, and batteries are also being installed alongside the racks for greater efficiency.

Rising Internet and Smartphone Penetration: The Thailand population stands at 71.7 Mn in 2022 with 85.3% population as internet users and 79.2% of the population are active smartphone users as of 2022.

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Analysts at Ken Research in their latest publication Thailand Data Center and Cloud Services Market Outlook to 2027- Driven by rapid adoption to Digitalization, Strong Governments Initiatives and Huge Investments in the region observed that Data Center and Cloud Service Market in Thailand is at growing stage. The sustainability, high-density demand, tech savvy population with government initiatives is expected to contribute to the market growth over the forecast period. The data center and cloud service market are expected to grow at an 8.8% and 21.0% CAGR respectively during 2022-2027.

Key Segments Covered in the report:-
Thailand Data Center and Cloud Services Market
Thailand Data Center Market Segmentation
By Type of Data Center Facilities

  • Co-Location
  • Managed
  • Hyperscale

By Type of Co-Location

  • Wholesale
  • Retail

By End-User Data Center

  • BFSI
  • Government
  • E-Commerce
  • IT & Telecom
  • Others

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By Region basis Number of Data Centers

  • Bangkok
  • Chon Buri
  • Nonthaburi
  • Others

Thailand Cloud Services Market Segmentations:-
By type of Cloud Service

  • Infrastructure as a Service (IaaS)
  • Software as a Service (SaaS)
  • Platform as a Service (PaaS)

By type of End-Users

  • SME and BFSI
  • E-Commerce, Retail and Logistics
  • Media, Entertainment and Gaming
  • Government
  • Others

By Clients-Cloud

  • Domestic Clients
  • Global Clients

Key Target Audience:-

  • Data Center Industry
  • Cloud Services Industry
  • Data Center Manufacturing Companies
  • Data Center Operators
  • Cloud Services Operators
  • Co-Location Providers
  • Uptime ranking association
  • Telecom Industry
  • IT/ITes Industry
  • Government Sector
  • Retail Sector
  • Transport and Logistics Companies

Visit this Link :- Request for custom report

Time Period Captured in the Report:-

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027

Companies Covered:-
Thailand Data Center Companies

  • NT Data Centers
  • AIS-CSL
  • INET
  • True IDC
  • NTT Thailand
  • TCC Technology
  • Super nap
  • Pacific Internet
  • AIMS
  • ST Telemedia
  • Etix Everywhere
  • UIH
  • Jastel Network
  • Proen IDC
  • Bridge Data Centers
  • Kirz Co.

Thailand Cloud Services Providers

  • AWS
  • Azure
  • Google
  • Huawei
  • Alibaba
  • Tencent
  • VMware
  • Thai Data Cloud
  • NT-IRIS Cloud
  • AIS Business Cloud
  • True IDC Cloud
  • NTT Thailand
  • Super nap GWS
  • INET Cloud
  • UIH-HM Cloud

Key Topics Covered in the Report:-

  • Regional Analysis of DC Market
  • Thailand Data Center Market Overview and Segmentation
  • Industry Analysis of Thailand Data Center Market
  • Competition Framework of Thailand Data Center Market
  • Future Outlook of Thailand Data Center Market
  • Thailand Cloud Services Market Overview and Segmentation
  • Industry Analysis of Thailand Cloud Services Market
  • Competition Framework of Thailand Data Center Market
  • Future Outlook of Thailand Cloud Services Market
  • Case Study Analysis, Market Opportunities and Analyst Recommendations

For more insights on the market intelligence, refer to below link:-
Thailand Data Center and Cloud Services Market

Related Reports By Ken Research:-
Morocco Data Center Market Outlook to 2027F-Demand for Low-Cost Data Centers along with Higher Capacity is expected to grow in the near future

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According to Ken Research estimates, the Morocco Data Center Market – which grew from approximately USD 37.0 Mn in 2017 to approximately USD 49.0 Mn in 2022 – is forecasted to grow further into a USD 73.0 Mn opportunity by 2027F, owing to digital transformation in the country and rising investment to expand capacity. The number of internet users in Morocco increased by 2.9 million which is approximately 13% from 2019 and 2020. The market is expected to increase due to trends of a rising middle class in the country and accelerated urbanization. The IT/ITes sector is expected to hold the highest share of the market due to increasing internet consumption and the expansion of foreign IT companies in the region.

KSA Data Center and Cloud Services Market Outlook to 2026F – Driven by rising investments in data centers from private sector and government support towards technology and Cloud first policy

KSA is the largest ICT market in the MENA, and it is well-positioned to become a technology service and cloud hub with access to international connectivity through the Red Sea and the Gulf. KSA Data Centre industry is witnessing robust growth in the era of virtualization and cloud computing. Shifts in creative media content towards Content Delivery Networks, IoT, growth of big data and the roll out of 5G is driving the demand for data consumption in KSA. Improvement in network connectivity, government support, and rapid growth in the adoption of big data, and IoT services have been strong enablers for the growth of the KSA data Center market.

Philippines Data Center Market Outlook to 2027F-Driven by investment from the global players and the transition from colocation to hyperscale with high internet penetration

According to Ken Research estimates, the Philippines Data Center Market – which grew from approximately USD ~0.2 Bn in 2018 to approximately USD ~0.3 Bn in 2022 – is forecasted to grow further into USD ~0.6 Bn opportunity by 2027F, owing to the new government policies, rapid digitalization and cloud adoption. Roll out of 5G and increasing young population using the internet, Digital and instant payments and the demand for domestic data storages will drive the BFSI and IT/ITes share. The rising demand for decreased latency in data transfers and improved connectivity amid the increasing adoption of smart devices is likely to boost the demand for retail colocation data centers.

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UAE Data Center and Cloud Services Market Outlook to 2026F – Driven by Rapid Digital Penetration along with Increasing Investments to meet the Rising Demand for Data Storage and Cloud Services

UAE Data Centre industry is witnessing robust growth in the era of virtualization and cloud computing. The increased use of data consumption and internet bandwidth in the country is driven by expanding reach of social media, increased use of smart devices, data localization, increased adoption of cloud services and digital transformation journeys of many UAE Data Center companies. UAE Data Center is highly fragmented market with Etisalat as the top player with most number of data centers. Majority of the Data Center operators are in collaborative terms with other market players to expand their business and reach to the rising demand of data usage by end users.

UAE Data Center Market is set to grow at a CAGR of 18.4% in terms of revenue generation, over the period 2021-2026F. The UAE government’s smart city initiatives, adoption of 5G, Internet of Things (IoT), Artificial Intelligence (AI) are driving the demand for Data Centers.

India Data Center and Cloud Services Market Outlook to 2025- Favorable Government Support and Data Localization Leading to Surge in Data Center Adoption

The India data center market was observed to grow with a stable growth pattern in the review period 2014-2020P. Factors such as data localization law, government’s digitization drive, rapid movement from cloud computing to the edge computing surge in outsourcing of data center services and others have helped the data center industry to grow in India in terms of revenue.

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Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
[email protected]
+91-9015378249


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Artificial Intelligence

DATAMARK Technologies Applauded by Frost & Sullivan for Advancing Location Determination Capabilities and Data Accuracy with Its Improved GIS and Indoor Mapping Solution

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DATAMARK INSIDE empowers first responders to visualize buildings in 3D, pinpoint the floor levels of 911 callers, and improve situational awareness for more precise and efficient emergency response planning and management.
SAN ANTONIO, Sept. 16, 2024 /PRNewswire/ — Frost & Sullivan researched the indoor mapping industry and, based on its analysis, recognizes DATAMARK Technologies with the 2024 North American New Product Innovation Award. The company combines the expertise of Michael Baker’s public safety and GIS data management capabilities with Digital Data Technologies, Inc.’s top-tier Next Generation 911 location services. The unified brand offers an integrated solution that enhances call routing accuracy, provides seamless discrepancy resolution, and ensures high location fidelity for call takers. By leveraging advanced technologies such as indoor mapping, light detection and ranging (LiDAR), and digital twin technology, the company positions itself to serve the government technology and public safety market with unparalleled data accuracy and interoperability. INSIDE™, DATAMARK’s cloud-native indoor mapping solution, revolutionizes building safety by integrating precise indoor data with tools for effective exit planning, emergency asset access, and incident response.

DATAMARK’s advanced indoor mapping platform allows users to visually manage, update, and collaborate on highly accurate indoor information, enhancing situational awareness and operational efficiency. INSIDE transforms indoor maps into actionable intelligence by creating a common operating picture for public safety stakeholders and facility managers. It empowers first responders to plan efficient entry and exit routes, swiftly access equipment, and precisely locate incidents. With 360-degree imagery and closed-circuit television integration features, INSIDE provides a detailed virtual view of every room, aiding faster wayfinding and coordination. The platform supports collaboration through a role-based interface, permitting multiple users to access and utilize indoor mapping data from smartphones, tablets, or computers. INSIDE’s real-time integration with security camera footage enables public safety personnel to assess incidents before arriving on-site, improving response effectiveness and spatial awareness.
Brent Iadarola, vice president at Frost & Sullivan, observed, “DATAMARK’s innovative approach to real-time GIS data management and integration significantly enhance decision-making and response times in public safety operations. The company sets a new standard for data accuracy and interoperability in the indoor mapping market by leveraging advanced technologies and ensuring comprehensive, scalable, and secure solutions.”
DATAMARK’s INSIDE platform integrates high-quality data with industry-standard GIS systems for seamless connectivity with public safety systems. It addresses the limitations of outdated, paper-based building plans by offering up-to-date digital data accessible to all authorized personnel. The critical information flows seamlessly to those who need it, optimizing asset management, enhancing situational awareness, and enabling efficient emergency responses when every second counts. DATAMARK’s primary differentiator is the ability to manage access to sensitive data securely. Its system permits credential-based access, ensuring only authorized personnel can view and update data. This controlled access is vital when dealing with critical infrastructure and sensitive information, providing security and flexibility in data management. The company’s comprehensive and scalable solutions, its cost-effective and efficient skeletal data collection and management approach, and its emphasis on the importance of sustainable data management also set it apart in the industry.
“DATAMARK’s INSIDE™ allows real-time updates to indoor mapping data, ensuring all stakeholders access the most current and accurate information. This feature enhances operational efficiency by dynamically updating floor plans and critical data across all integrated systems, including computer-aided dispatch and emergency management platforms. By promptly addressing user needs and integrating their suggestions, DATAMARK continually refines its solutions to better serve its clients’ evolving requirements,” added Ojaswi Rana, best practices research analyst at Frost & Sullivan.
Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.
Contact:
Camila TinajeroP: +54911 6713 2748E: [email protected]
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Lab Automation Market to Reach $11.31 Billion by 2031, Driven by Rising Pharmaceutical & Biotech R&D Expenditures and Increasing Demand for Automated Laboratories and Instruments – Report by Meticulous Research®

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lab-automation-market-to-reach-$11.31-billion-by-2031,-driven-by-rising-pharmaceutical-&-biotech-r&d-expenditures-and-increasing-demand-for-automated-laboratories-and-instruments-–-report-by-meticulous-research

REDDING, Calif., Sept. 16, 2024 /PRNewswire/ — According to a new market research report titled, ‘Lab Automation Market Size, Share, Forecast, & Trends Analysis by Product (Liquid Handling, Nucleic Acid Purification System, Microplate Reader, ELISA, LIMS, ELN), Application (Drug Discovery, Diagnostics, Genomics),End User—Global Forecast to 2031.

The lab automation market is projected to reach $11.31 billion by 2031, at a CAGR of 7.3% from 2024 to 2031.
Download FREE PDF Brochure Of Lab Automation Market – https://www.meticulousresearch.com/pressrelease/967/lab-automation-market-2031
Rising pharmaceutical and biotech R&D expenditures, the increasing demand for automated laboratories and instruments, the high prevalence of chronic and infectious diseases, and initiatives supporting life sciences R&D are driving the growth of the lab automation market. However, the high costs of advanced lab automation equipment and funding & infrastructure limitations in developing countries are factors restraining the growth of this market.
Furthermore, growth in genomics & proteomics research, the increasing focus on food safety & quality, rising awareness & growing adoption of personalized medicines, and emerging economies are expected to generate growth opportunities for the players operating in the lab automation market. However, equipment maintenance & repair and data security & privacy concerns are major challenges impacting market growth.
Get Insightful Data On Regions, Market Segments, Customer Landscape, And Top Companies (Charts, Tables, Figures And More) – https://www.meticulousresearch.com/download-sample-report/cp_id=1221
Automated Laboratories: Effective Management of Clinical Workflows
Lab automation is being widely adopted in clinical laboratories to increase accuracy and efficiency and reduce costs and errors. In the field of medicine, a diagnostic error can incur very high costs. Hence, automating clinical laboratories can significantly reduce human errors and associated costs.
Automating clinical laboratories can have a positive impact on patient outcomes. Quick and reliable diagnostic results allow medical professionals to initiate appropriate treatments, improving the chances of patient survival. Additionally, limited resources, long waiting times for diagnostic results, and the shortage of skilled laboratory staff can lead to poor patient outcomes. The implementation of lab automation in clinical laboratories helps mitigate these issues and provides quick and reliable results, improving patient outcomes.
In the U.S., an estimated 10–20% of diagnoses are inaccurate and result in 40,000–80,000 deaths each year. Automation improves the ordering, testing, and reporting of diagnostic tests and ensures higher throughput, increased productivity, efficient use of reagents & materials, and standardization, decreasing errors and improving turnaround times.
Browse In-depth Report Now – https://www.meticulousresearch.com/product/lab-automation-market-1221
The players operating in this market are focused on launching new automated diagnostic instruments. For instance:
In May 2024, Abbott Laboratories (U.S.) launched its GLP Systems Track in India to support the high-volume needs of laboratories.In September 2023, Yourgene Health plc (U.K.) launched the Yourgene MagBench Automated DNA Extraction Instrument and Kit for Noninvasive Prenatal Testing (NIPT) workflows.In June 2023, Becton, Dickinson and Company (U.S.) launched its BD FACSDuet Premium Sample Preparation System for cellular diagnostic applications.In January 2023, QIAGEN N.V. (Netherlands) launched the EZ2 Connect MDx Platform for automated sample processing in diagnostic labs.In May 2022, Becton, Dickinson and Company (U.S.) launched BD COR MX, a fully automated, high-throughput infectious disease molecular diagnostics platform.Lab Automation Market Analysis: Key Segmental Findings
By Product: In 2024, the systems segment is expected to account for the major share of 71.5% of the lab automation market. However, the software segment is expected to grow at the fastest CAGR of 7.4% during the forecast period of 2024–2031.By Application: In 2024, the drug discovery segment is expected to account for the largest share of the market. However, the clinical diagnostics segment is expected to grow at the fastest CAGR during the forecast period of 2024–2031.By End User: In 2024, the pharmaceutical & biotechnology companies’ segment is expected to account for the largest share of 41.0% of the global market.Explore the Key Market Segments Driving Growth (Download Free Sample) – https://www.meticulousresearch.com/download-sample-report/cp_id=1221
Geographic Analysis:
North America Dominates the Global Market
North America is expected to account for the largest share of 40.8% of the lab automation market. In terms of value, in 2024, the U.S. is expected to account for the major share of 92% of the lab automation market in North America. Pharmaceutical companies in the U.S. are at the forefront of adopting cutting-edge technologies, with a strong emphasis on the implementation of lab automation systems to enhance operational efficiency and gain a competitive edge in the pharmaceutical sector. The adoption of lab automation technologies is driven by several factors, including the surging need for high-throughput analysis, increasing investments in research and development, laboratories’ growing need for increased efficiency, precision, and productivity, and the increasing focus on genomics research and genetic testing. These dynamics are boosting the adoption of lab automation across the country. The U.S. has low market barriers for developing and commercializing pharmaceuticals due to the supportive domestic environment. With the availability of government funding for research activities, robust capital markets, and strong academic research in the country, the U.S. is the world’s largest scientific research base, attracting most global venture capital investments in the biotechnology industry.
Asia-Pacific to Witness Rapid Growth
Asia-Pacific is expected to record the fastest growth over the forecast period, with the regional market reaching $2.74 billion by 2031. The high growth of this regional market is driven by the expanding pharmaceutical & biotechnology industries, rapidly improving healthcare infrastructure, growth in pharmaceutical research, and increasing government funding in APAC. The Asia-Pacific region has become one of the most attractive markets for healthcare & life sciences companies worldwide, primarily due to changing demographics and accelerated economic growth in the region. Countries such as China, India, South Korea, and Indonesia are expanding their healthcare infrastructure, driving the demand for laboratory automation.
Have specific research needs? Request a customized research report – https://www.meticulousresearch.com/request-customization/cp_id=1221
In 2024, China is expected to account for the largest share of the lab automation market in Asia-Pacific. The country’s large market share is mainly attributed to government initiatives focusing on research and development, increasing R&D expenditures of pharmaceutical and biopharmaceutical companies, favorable regulatory policies, the rising prevalence of infectious & chronic diseases, the rising geriatric population, and the increased demand for lab automation among clinical laboratories due to increased disease prevalence.
Germany Continues to Dominate the Lab Automation Market in Europe
In 2024, Germany is expected to account for the largest share of the lab automation market in Europe. Factors such as increasing government investments in the pharmaceutical industry, growing biotech & pharmaceutical R&D expenditures, rising healthcare spending, increasing sample volumes in laboratories due to the rising incidence of chronic and infectious diseases, the increased demand for precision medicines, and the rising focus on genomics research contribute to the country’s largest market share. Germany has a favorable environment for developing and producing research-intensive, high-grade products. According to German Trade & Invest, in 2021, the pharmaceutical industry in Germany invested over $9.1 billion (€7.7 billion) in research and development. Additionally, the government and funding organizations have pledged to substantially increase public & private R&D spending and researchers by 2030 as part of the country’s Sustainable Development Goals (SDG). Thus, increasing government funding for research, the wide availability of technologically advanced laboratory informatics solutions, and laboratories’ need to reduce errors, and associated costs are expected to drive the growth of the lab automation market in Germany.
Need Insights on Regional Data? Check Out Our Detailed Analysis (Download Free Sample) – https://www.meticulousresearch.com/download-sample-report/cp_id=1221
Lab Automation Market: Competition Analysis
This report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted over the past 3–4 years. Major companies in the lab automation market have implemented various strategies to expand their product offerings and global footprints and augment their market shares. The key strategies followed by most companies in the lab automation market include product launches, product enhancements, approvals, partnerships, collaborations, agreements, acquisitions, and expansions. The key players operating in the lab automation market include Thermo Fisher Scientific, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), Revvity, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), Tecan Group Ltd. (Switzerland), F. Hoffmann-La Roche AG (Switzerland), Siemens Healthineers AG (Germany), Abbott Laboratories (U.S.), Becton, Dickinson and Company (U.S.), Hudson Robotics, Inc. (U.S.), and Hamilton Company (U.S.).
Learn About the Top Companies Influencing Market Dynamics (Download Free Sample) – https://www.meticulousresearch.com/download-sample-report/cp_id=1221
Lab Automation Industry Overview: Latest Developments from Key Industry Players
In July 2024, INPECO SA (Switzerland) launched FlexLab X, a next-generation total lab automation system (TLA), at the Annual Scientific Meeting of the Association for Diagnostics & Laboratory Medicine (ADLM 2024). This system can combine analyzers from different vendors, enable space-saving layouts, offers a sleek graphical user interface, and streamlines workflows.In February 2024, Carbon, Inc. (U.S.) launched its Automatic Operation (AO) suite of solutions designed to meet the needs of dental labs, setting new standards in lab automation.In September 2023, Bio-Rad Laboratories, Inc. launched the PTC Tempo 48/48 and PTC Tempo 384 thermal cyclers that are designed to aid PCR applications such as sequencing, cloning, and genotyping.In August 2023, F. Hoffmann-La Roche Ltd launched the Cobas Connection Modules (CCM) sample conveyor systems to enable flexibility in laboratory designs.In July 2023, Agilent Technologies, Inc. launched the BioTek Gen6 Software, which is used for all BioTek detection instruments. This software also provides an intuitive user interface that offers complete control of BioTek microplate readers for absorbance, fluorescence, and luminescence measurements for endpoint and kinetic assays.In July 2023, Thermo Fisher Scientific, Inc. launched the Diomni Enterprise Software, which provides a digital platform to support testing workflows in order to accommodate rapidly evolving needs.In July 2023, Bio-Rad Laboratories launched the IH-500TM NEXT System, a fully automated system for use with Bio-Rad’s ID Cards for routine testing and specialized testing such as newborn screening.In February 2023, Revvity, Inc. launched the EnVision Nexus Multimode Microplate Reader, which provides high-throughput screening and accelerates drug discovery results.In February 2023, Beckman Coulter Life Sciences collaborated with Sciex (U.S.) to provide comprehensive workflows for high-throughput screening HT-ADME and synthetic biology studies. The Echo MS System, which is based on Sciex’s Acoustic Ejection Mass Spectrometry technology, is now compatible with Beckman’s Echo Liquid Handlers.In February 2023, Tecan Group Ltd. collaborated with Element Biosciences, Inc. (U.S.) to offer a true benchtop NGS workflow with the MagicPrep NGS and AVITI System. This collaboration was aimed at enabling the direct conversion of NGS libraries without affecting sample quality.In June 2022, Beckman Coulter Life Sciences launched the Biomek NGeniuS liquid handling system to automate the labor-intensive process of manual library construction and reagent transfers. The system also eliminates loading errors.In April 2022, Revvity, Inc. collaborated with Scitara Corporation (U.S.) to integrate PerkinElmer’s Signals Research Suite informatics platform and Scitara’s iPaaS universal connectivity solution to facilitate fully connected laboratories along with standard data integrity, data mobility, system flexibility, and user reconfigurability.The report provides a competitive dashboard summarizing the market positioning of the 20 profiled market players in four quadrants, namely Industry Leaders, Differentiators, Emerging Companies, and Vanguards. These companies are positioned based on various parameters, including revenue, depth of offerings, brand equity, geographic presence, innovation, and organic & inorganic growth strategies. Thermo Fisher Scientific, Inc. (U.S), Danaher Corporation (U.S.), F. Hoffmann-La Roche AG (Switzerland), Hamilton Company (U.S.), Abbott Laboratories (U.S.), and Siemens Healthineers AG (Germany) are positioned in the industry leaders quadrant.
IMMEDIATE DELIVERY AVAILABLE | BUY THIS RESEARCH REPORT (Insights, Charts, Tables, Figures and More)- https://www.meticulousresearch.com/Checkout/13937383
Scope of the Report:
Lab Automation Market Assessment–by Product
SystemsAutomated Liquid Handling SystemsAutomated Nucleic Acid Purification SystemsAutomated ELISA SystemsAutomated Microplate ReadersAutomated Storage & Retrieval SystemsOther Lab Automation SystemsSoftwareLaboratory Information Management Systems (LIMS)Electronic Lab Notebook (ELN)Workstation/Equipment Automation SoftwareScientific Data Management Systems (SDMS)Lab Automation Market Assessment–by Application
Drug DiscoveryClinical DiagnosticsGenomics & Proteomics ResearchOther Applications(Note: Other applications include bioprocessing in biotechnology, cell analysis, basic research, forensic analysis, and quality control in the F&B industry.)
Lab Automation Market Assessment–by End User
Pharmaceutical & Biotechnology CompaniesHospitals & Diagnostic LaboratoriesAcademic & Research InstitutesOther End Users(Note: Other end users include the food & agriculture industries, forensic laboratories, blood banks, and environmental & quality testing laboratories.)
Lab Automation Market Assessment–by Geography
North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaRest of APAC (RoAPAC)Latin AmericaMiddle East & AfricaBrowse More Related Reports:
Lab Automation Market is projected to hit $11.31 billion by 2031, growing at CAGR of 7.3% from 2024. Discover trends and growth factors driving this sector. – https://www.meticulousresearch.com/product/lab-automation-market-1221
Clinical Lab Automation Market is expected to reach $4.01 billion by 2031, at a CAGR of 7.8% from 2024 to 2031. – https://www.meticulousresearch.com/product/clinical-lab-automation-market-5762
Electronic Lab Notebook Market is expected to grow at a CAGR of 7.1% to reach $787.7 million by 2029. – https://www.meticulousresearch.com/product/electronic-lab-notebook-eln-market-4341
NGS Automation Market is expected to grow at a CAGR of 13.4% from 2022–2029 to reach $1.33 billion by 2029. – https://www.meticulousresearch.com/product/ngs-automation-market-5271
Explore future of  Industrial Automation Software Market, projected to hit $59.5 billion by 2029.  – https://www.meticulousresearch.com/product/industrial-automation-software-market-5279
Pharmaceutical Automation Market, valued at $11.16 Bn in 2023, is projected to reach $25.11 Bn by 2031, growing at a 10.8% CAGR from $12.21 Bn in 2024. – https://www.meticulousresearch.com/product/pharmaceutical-automation-market-5280
Lab-grown Meat Market is projected to reach $1.99 billion by 2035, at a CAGR of 21.4% during  forecast period of 2025–2035. – https://www.meticulousresearch.com/product/lab-grown-meat-market-5293
North America Electronic Lab Notebooks Market is projected to reach $372.7 million by 2030, at a CAGR of 6.8% from 2024 to 2030. – https://www.meticulousresearch.com/product/north-america-electronic-lab-notebook-market-5604
Europe Electronic Lab Notebook (ELN) Market is projected to reach $264.3 million by 2030, at a CAGR of 7% from 2024 to 2030. – https://www.meticulousresearch.com/product/europe-electronic-lab-notebook-market-5683
Pharmacy Automation Market is expected to reach $7.87 billion by 2030, at a CAGR of 7.6% during forecast period 2024–2030. – https://www.meticulousresearch.com/product/pharmacy-automation-market-5700
Life science equipment market is projected to reach $97.96 billion by 2031, at a CAGR of 6.3% from 2024 to 2031 – https://www.meticulousresearch.com/product/life-science-equipment-market-3937
Europe NGS automation Market to be worth $380.4 million by 2030, growing at a 13.4% CAGR from 2024 to 2030. – https://www.meticulousresearch.com/product/europe-ngs-automation-market-5644
North America NGS Automation Market is expected to reach $776.1 million by 2030, at a CAGR of 14% during  forecast period 2024–2030 – https://www.meticulousresearch.com/product/north-america-ngs-automation-market-5736
Asia-Pacific NGS Automation Market is expected to reach $371 million by 2031 at a CAGR of 16.3% from 2024 to 2031 – https://www.meticulousresearch.com/product/asia-pacific-ngs-automation-market-5790
Lab Automation Market Research Summary
Particular
Details
Page No
244
Format
PDF
Forecast Period
2024-2031
Base Year
2023
CAGR
7.30 %
Market Size (Value)
$11.31 billion
Market Size (Volume)
NA
Countries Covered
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, RoE), Asia-Pacific (China, Japan, India, RoAPAC), Latin America, and the Middle East & Africa.
Key Companies
Thermo Fisher Scientific, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), Revvity, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), Tecan Group Ltd. (Switzerland), F. Hoffmann-La Roche AG (Switzerland), Siemens Healthineers AG (Germany), Abbott Laboratories (U.S.), Becton, Dickinson, and Company (U.S.), Hudson Robotics, Inc. (U.S.), Hamilton Company (U.S.)
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Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Our Website: https://www.meticulousresearch.com/Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Meticulousblog.org | Top Market Research Reports Blog – https://meticulousblog.org/Content Source: https://www.meticulousresearch.com/pressrelease/967/lab-automation-market
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Agoric and Noble Partner to Deliver Fast USDC For Rapid Transfers Powered by Orchestration

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ORINDA, Calif., Sept. 16, 2024 /PRNewswire/ — Agoric, a layer 1 blockchain designed for multi-chain orchestration, announced today a strategic partnership with Noble, the premier RWA issuance chain in the modular ecosystem, to build Fast USDC. This new solution will dramatically reduce wait times when transferring USDC from Ethereum and other EVM-compatible chains into the Cosmos ecosystem when using the Noble Express application. By streamlining the process, Fast USDC enhances the user experience and accelerates onboarding for Web3 services.

Stablecoins, valued today at over $100 billion, has proven recently to be a Web3 killer app, and Circle has taken the lead in driving inter-blockchain transfers with their Cross-Chain Transfer Protocol (CCTP) to help reduce friction, increase safety, and reduce costs when sending USDC from one blockchain to another. Agoric relies on this transfer protocol, but builds on that with a Fast USDC solution.
One of the persistent challenges in the Web3 economy has been the slow and complex process of transferring assets across different blockchain networks, creating barriers to user adoption and growth. Traditional cross-chain transfers, particularly involving USDC, can take upwards of 20 minutes, a delay driven by finality challenges on some blockchains that can degrade the experience for users accustomed to instant transactions.
Fast USDC: A Faster, Smoother Experience
Fast USDC addresses this challenge head-on by leveraging Noble’s minimalist architecture to enable cross-chain transfers from Ethereum and other EVM chains to Cosmos chains. Fast USDC utilizes an on-chain Agoric Orchestration contract which interacts with accounts on the Noble chain, facilitating a verifiable flow of funds. Through an innovative settlement model, users can receive USDC almost instantly, reducing transfer times from as much as 20 minutes down to less than 2 minutes.
Fast USDC is more than just a faster way to move funds—it is a critical step toward achieving chain abstraction. For developers, Fast USDC is a building block that can be embedded into Agoric Orchestration contracts that provide deeper specific user experiences across many chains with only a single user signature. This will unlock experiences that bring in far greater adoption of blockchain-based applications.
Key Features and Benefits:
Rapid Transfers and Orchestration: The solution reduces transfer times of USDC from EVM chains to Cosmos by 10x, bringing usability of Web3 solutions closer to the seamless flows of any mainstream application.Enhanced User Experience: With FastUSDC, users will be able to onboard their USDC into Cosmos chains and apps while they wait, improving their experience and enhancing user retention.Decentralized and On-Chain: Thanks to the programmability of Agoric Orchestration, Fast USDC assets are managed entirely on-chain to ensure transparency, a necessity for mainstream adoption.”Fast USDC is a key use case showcasing the unmatched cross-chain programmability of Agoric Orchestration. It demonstrates how orchestration can solve critical challenges for Web3 users and applications,” said Dean Tribble, CEO at Agoric Systems. “Our collaboration with Noble is a testament to our shared vision of simplifying blockchain technology to drive mainstream adoption.”
“Fast USDC is an exciting use case that leverages Noble’s unique architecture and we are thrilled to partner with the Agoric team on this important initiative,” said Jelena Djuric, CEO at Noble.
Availability
Fast USDC will soon be available across major blockchain platforms, providing developers and users with a powerful tool to enhance the speed and usability of their decentralized applications. This partnership marks a significant step forward in the mission to make Web3 experiences accessible and user-friendly.
For more information about Fast USDC and how it fits into Agoric’s orchestration solutions and Noble’s RWA framework, please visit agoric.com and noble.xyz.
Dean Tribble, CEO of Agoric Systems, and Jelena Djuric, CEO of Noble, are available for interview
About Agoric
Agoric is a layer 1 blockchain for orchestration. In the fragmented blockchain landscape, Agoric brings orchestration to Web3 to solve the chain abstraction challenge and foster composability and true interoperability that unlock a new era of universal liquidity. Agoric is the brainchild of renowned computer scientists, Dean Tribble and Mark Miller. Their groundbreaking work in secure computing and distributed systems laid the foundation for Agoric’s innovative technology.
About Noble
Noble is the premier asset issuance chain in the modular ecosystem. Noble solves a variety of critical pain points around native issuance, including security, liquidity, compliance, standardization and neutrality. Noble’s long-term vision is to be a UX unlock for all stablecoin and RWA issuers.
Press Contact: Alissa Karpick, Wachsman, E: [email protected]
 

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