Cloud Computing in Cell Biology, Genomics and Drug Development to Reach $15.6 Billion by 2030 as Biological Data Explosion Drives Demand [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
Boston, April 01, 2026 (GLOBE NEWSWIRE) -- The global market for cloud computing in cell biology, genomics and drug development is projected to grow from $6.2 billion in 2024 to $15.6 billion by 2030, reflecting a compound annual growth rate (CAGR) of 16.7%, according to a new report from BCC Research. The report, Cloud Computing in Cell Biology, Genomics and Drug Development: Global Markets , provides detailed analysis of the platforms, services and applications driving cloud adoption across the life sciences research and pharmaceutical development value chain. Key Findings The market will reach $15.6 billion by 2030 , growing at a robust 16.7% CAGR — one of the fastest growth rates in life sciences technology infrastructure — driven by the exponential increase in biological data generation and the need for scalable computational resources. North America leads with 44.7% market share , reflecting the region's concentration of pharmaceutical R&D activity, genomics research in
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