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Computational Biology Market Witness Huge Growth by 2027

Computational Biology Market Witness Huge Growth by 2027

Submitted by • June 22, 2020

The global computational biology market is estimated to account for US$ 12,601.1 Mn in terms of value by the end of 2027. Increasing investment in computational biology is expected to propel growth of the global computational biology market over the forecast period. For instance, in May 2020, Insitro, the U.S.-based start-up raised US$ 143 million to boost machine learning-driven dru development.Adoption of cloud computing can address issues with high amount of data storage. Cloud storage solutions offer scalability and flexibility to match the volume of data. In addition, they allow large and potentially shared databases to be stored on the same infrastructure where a large-scale analysis is conducted. Cloud computing supports sharing of datasets, this can be achieved if one has a copy of a dataset on one's local cluster.

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Voted by Aditya450

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