Laboratory Information Management System (LIMS) Market to grow by USD 907.08 million from 2022 to 2027; Adherence to compliance and government regulations boosts the market- Technavio

A report by Technavio forecasts a $907.08 million growth in the laboratory information management system (LIMS) market between 2023 and 2027. Factors such as adherence to compliance and government regulations are driving the market. However, increasing concerns over data security and privacy, especially with cloud-based solutions, are identified as major impediments. The report also mentions that North America is projected to contribute 41% to the global market growth.