According to Stratistics MRC, the Global Mass Spectrometry Software Market is accounted for $5,390.19 million in 2020 and is expected to reach $10,740.28 million by 2028 growing at a CAGR of 9.0% during the forecast period. Growing advancements in technology, increasing applications of genomics and proteomics and enhanced need from various industries are driving the market growth. However, the high cost associated with the systems and dearth of skilled professionals is hampering the growth of the market. By geography, North America is going to have high growth during the forecast period due to the widespread usage of this software in the petroleum sector of the region and growing government initiatives in the US further increases the market growth in the region. Some of the key players profiled in the Mass Spectrometry Software Market include Waters Corporation, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Adaptas Solutions, SpectralWorks Ltd., Shimadzu Scientific Instruments, PerkinElmer, Inc., Bruker, Advanced Chemistry Development, Lablicate GmbH, Genedata AG.
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The Global Mass Spectrometry Software Market is majorly driven by growing advancements in technology, increasing applications of genomics and proteomics and enhanced need from various industries. The cloud-based segment is growing at a highest CAGR owing to easy accessibility to data from any place at any time. North America dominated with a significant market share due to the factors such as widespread usage of this software in the petroleum sector of the region and growing government initiatives in the US. Asia Pacific market is growing at a highest CAGR owing to the rapid economic growth in most countries in the region.
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