ARC Reports SaaS to Drive Growth of LIMS

According to the ARC Advisory Group, Laboratory Information Management Systems (LIMS) software-as-a-service (SaaS) will emerge and reshape the LIMS marketplace. The worldwide market for LIMS is expected to grow at a compounded annual growth rate (CAGR) of 2.9% over the next five years. The market is projected to reach approximately $395 million in 2008 and is forecasted to be over $454 million in 2013, according to a ARC study.

Historically, LIMS have been delivered using the outright purchase model. The success of Salesforce.com has end users and suppliers reevaluating software acquisition methods. “Small and medium laboratories currently utilizing home-grown systems may find the Internet hosted model a more affordable option for LIMS,” according to Senior Analyst Paula Hollywood, phollywood@arcweb.com, the principal author of ARC’s “Laboratory Information Management Systems Worldwide Outlook.”