This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, fundamental market dynamics, and key player strategies.

Growing applications of bioinformatics across industries, increasing public-private sector funding for bioinformatics services, and the shortage of skilled bioinformatics professionals (leading to increased outsourcing of bioinformatics projects) are the major factors that are expected to drive the growth of the bioinformatics services market during the forecast period.

What the Market Looks Like?

[238 Pages Report] The bioinformatics services market is projected to reach USD 5.3 Billion by 2026 from USD 2.5 Billion in 2021, at a CAGR of 15.8% during the forecast period. Asia Pacific market is expected to grow at the highest CAGR during the forecast period.

COVID-19 Impact on the global Bioinformatics Services Market

Bioinformatics services have always had huge potential when it comes to providing essential support to many areas of scientific research. The COVID-19 pandemic was a real-life test for bioinformatics. One of the major focus areas for every country during the COVID-19 pandemic has been to study and understand how to halt the progress of the virus. Decoding the genome of the novel coronavirus was a crucial step in developing vaccines and for better understanding the mechanism of the virus and how it functions in the human body.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75889439

What are Key Trends in the Market?

The growth of the bioinformatics services market is primarily influenced by the following factors:

• Growing applications of bioinformatics in various industries
• Increasing public-private sector funding for bioinformatics services
• Shortage of skilled bioinformatics professionals leading to increased outsourcing of bioinformatics projects
• Increasing pharmaceutical and biotech R&D expenditure
• In-house development of bioinformatics solutions and publicly available bioinformatics tools

The bioinformatics services market covers five key geographies—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2020, Asia Pacific region offered significant opportunities for the growth of the bioinformatics services market. The market growth in Asia Pacific can be attributed to the increasing incidence of genetic diseases, rising number of bioinformatics-based research studies, and growing demand for bioinformatics services from various end users.

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The catering services market boasts of a mature European and North American market and a fast-growing APAC market. However, the COVID pandemic resulted in businesses being closed, events being postponed, and eateries being shut down. As such, the catering/cafeteria services were negatively impacted. One of the saving graces for the industry was the resurgence of take-away meals, which resulted in the contractual employment of employees from the cafeteria service providers.

With the pandemic loosening up, various countries have resumed operations with certain rules and regulations to maintain COVID safety protocols. For instance, pubs and restaurants in Ireland have opened for indoor service. In France, people visiting eateries have to show proof that they are vaccinated or have tested COVID negative recently. In India, ceremonies and gatherings can help with a limitation on the number of attendees decided by the local authorities. Such steps are opening business opportunities for catering service providers globally.

Read report summary or request a free sample copy of the report Catering Services Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025

Catering Services Category Intelligence Highlights: 

• Catering/Cafeteria services are resuming with limited capacities. Eateries are employing personnel from cafeteria service providers on a contractual basis
• The cafeteria market features a highly fragmented competitive landscape owing to the presence of several small players and regional players
• Suppliers widely prefer bundled outsourcing model as their operating model to diversify work 

Cost Intelligence Highlights:

Grand View Research has identified the following key cost components for availing catering services:

• Raw Material Costs
• Operational Costs
  • Rental Cost
  • Personnel Cost
  • Associated Costs
  • Opportunity Cost
  • Wastage Cost
  • Transportation Cost
  • Profit Margins

Raw material cost is the largest cost component of catering services, accounting for 60%-65% of the total cost of service. 

List of Key Suppliers in the Catering Services Category

• Aramark Corporation
• Compass Group North America
• Sodexo
• ISS Facility Services Pvt. Ltd.
• AVI Foodsystems, Inc.
• Mitie Group plc
• Bartlett Mitchell
• Elior Group
• Baxterstorey Limited

Browse our other Reports:

• Vitamins and Dietary Supplements Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025
• Sugar Processing Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2021 – 2027

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Our services include (not limited to):

• Market Intelligence involving - market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
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The global shared services center market size is expected to reach a higher CAGR by 2022, across the globe. The market is subject to witness a substantial growth due to the easy availability of skilled labor force and lower wages in developing economies, particularly in the Asia Pacific region.

Increasing investment made by industry players for development of various innovative procedures to improve everyday dealings along with efficient operational performance and better management programs in order to achieve best possible result from given the shared services center units. Globally, the shared services centers market is predicted to grow at CAGR of 30% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Early adoption of shared services center allows better operational capability, cost efficiency, reduction in the complexity and enhancement in the overall efficiency of the system. These factors are expected to foster the growth of shared services center industry over the forecast period. Rise in demand for shared services center over the forecast period. The shared services center are designed such that a required organizational structure is achieved with simple workflow for a completely optimized procedural impact and provides operational excellence.

The report “Shared Services Center Market Size & Forecast Report, 2012 - 2022” is available now at https://www.millioninsights.com/industry-reports/shared-services-center-market

The shared services center offers management and focus on the strategic decision-making. The early adoption of shared services center helps organization in re-engineering of basic enterprise-level functions and services with efficient operational functionality and end-user optimization. Such advantages associated with early adoption of shared services centers are expected to fuel the growth of the market in the near future.

Furthermore, strong economic growth, easy availability of skilled labor force, and lower wages in developing economies across the globe are some of the key aspects responsible for sustained the growth of shared services center market, in the recent years. Favorable governmental policies such as tax relaxation initiatives, introduction of such as tax-free zones and special economic zone (SEZ) by local governments to promote adoption of shared services center, thereby driving market expansion in the recent years. However, complexity associated with implementation of shared services center framework is considered as major restraining factor for market growth. The market the given tasks are performed by functional entities follows dynamic pathing across various business units. The market further follows periodic procedure to perform different sets of tasks by leveraging best practices.

The market is broadly categorized into four major types based on end-user industry such as pharmaceutical & medicine sector, legal, banking & finance industry, and manufacturing sector. The legal SSC is considered as one of the fastest growing segment in the shared services centers industry with substantial revenue generation in the last couple of years.

Growing popularity of the legal SSC market segment is attributed to increasing demand for subcontracting litigation support services. In addition, factors such as outsourcing of legal services has led to massive growth in the market segment. The pharmaceutical & medicine sector has also witnessed significant growth during the forecast period.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. Europe has shown major growth in recent years owing to the rise in the implementation of latest technologies, varying demographics, and existence of well-established infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the shared services center (SSC) industry with massive growth in forecast period.

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Countries such as India, China and Philippines are leading the Asia-Pacific market with easy availability of skilled labor force, lower wages, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the shared services center industry are Abbott Laboratories, Allen & Overy LLP, Barclays plc, Invest Lithuania Ltd., Novartis International AG, The Western Union Company, Ahlstrom-MunksjöOyj, Aspen Pharmacare Holdings Ltd., Ernst & Young Co., Intermedix Co., NASDAQ Inc., PA Consulting Group Co., PricewaterhouseCoopers Co., Tentacle Technologies MSC Sdn.Bhd., WNS Global Services, and KPMG LLP.

Market Segment:

SSC End-Use Outlook (Units, 2012 - 2022)
• Pharmaceutical and clinical
• Legal
• BFSI
• Manufacturing
• Other end-use

SSC Regional Outlook (Units, 2012 - 2022)
• North America
• Europe
• CEE
• Asia Pacific
• Latin America
• MEA

To read more reports of this category, Visit our blog: ictmarketreports.blog.com 

This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, fundamental market dynamics, and key player strategies.

Growing applications of bioinformatics across industries, increasing public-private sector funding for bioinformatics services, and the shortage of skilled bioinformatics professionals (leading to increased outsourcing of bioinformatics projects) are the major factors that are expected to drive the growth of the bioinformatics services market during the forecast period.

What the Market Looks Like?

[238 Pages Report] The bioinformatics services market is projected to reach USD 5.3 Billion by 2026 from USD 2.5 Billion in 2021, at a CAGR of 15.8% during the forecast period. Asia Pacific market is expected to grow at the highest CAGR during the forecast period.

COVID-19 Impact on the global Bioinformatics Services Market

Bioinformatics services have always had huge potential when it comes to providing essential support to many areas of scientific research. The COVID-19 pandemic was a real-life test for bioinformatics. One of the major focus areas for every country during the COVID-19 pandemic has been to study and understand how to halt the progress of the virus. Decoding the genome of the novel coronavirus was a crucial step in developing vaccines and for better understanding the mechanism of the virus and how it functions in the human body.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75889439

What are Key Trends in the Market?

The growth of the bioinformatics services market is primarily influenced by the following factors:

• Growing applications of bioinformatics in various industries
• Increasing public-private sector funding for bioinformatics services
• Shortage of skilled bioinformatics professionals leading to increased outsourcing of bioinformatics projects
• Increasing pharmaceutical and biotech R&D expenditure
• In-house development of bioinformatics solutions and publicly available bioinformatics tools

The bioinformatics services market covers five key geographies—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2020, Asia Pacific region offered significant opportunities for the growth of the bioinformatics services market. The market growth in Asia Pacific can be attributed to the increasing incidence of genetic diseases, rising number of bioinformatics-based research studies, and growing demand for bioinformatics services from various end users.

Request for sample pages  @  https://www.marketsandmarkets.com/requestsampleNew.asp?id=75889439