According to a new market research report the Bioinformatics Services market is projected to reach USD 3.53 Billion by 2023 from USD 1.70 Billion in 2018, at a CAGR of 15.7%. Bioinformatics involves the use of data on DNA, RNA, and protein sequences. A shortage of bioinformatics specialists as well as increasing public-private partnerships in the field are driving up value in this sector. Within this sector, the festest growth will likely be in sequencing services, and specifically in plant biotechnology. Decreasing sequencing costs are a main driver of increased value in the bioinformatics field.