AI IN GENOMICS MARKET SET FOR EXPONENTIAL GROWTH BY 2030 | MICROSOFT, IBM, NVIDIA, AND MORE

Overview:

The latest report by Congruence Market Insights, titled 'Global AI in Genomics Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2023 - 2030,' provides a thorough analysis of the global AI in genomics market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new product launches or approvals, as well as the influence of external factors such as technological advancements and regulatory changes on the AI in genomics market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving genomics industry.

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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

According to the in-depth market study, the global AI in genomics market is anticipated to reach a value of USD 8,183.2 Million by 2030, expanding at an impressive CAGR of 42.0% between 2023 and 2030. The market is driven by the increasing adoption of AI technologies in genomics for personalized medicine, drug discovery, and genomic editing. Key drivers include advancements in machine learning and natural language processing, enabling more precise genomic analysis. Opportunities lie in the expansion of applications beyond oncology, such as drug discovery and development. Challenges include ethical concerns related to genomic data privacy and the need for standardization in AI applications across the genomics sector.

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How does AI impact the global AI in genomics market?

AI impacts the global AI in genomics market by revolutionizing genomic analysis, enabling faster and more accurate insights. Machine learning and natural language processing enhance data interpretation, aiding in identifying genetic variations and potential disease associations. Blockchain technology ensures secure and transparent sharing of genomic data, fostering collaboration in research. The applications span across oncology, drug discovery, genomic editing, and more, making AI a transformative force in advancing genomics research and applications. While AI unlocks unprecedented possibilities, challenges include regulatory complexities and the need for extensive data sets for robust AI models.

Scope of the Report:

► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities, and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles

AI in Genomics Market Size and Forecast:

The report will comprehensively detail the AI in genomics market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyze market revenue, quantifying total income from AI in genomics solutions, and provide volume insights into product circulation. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.

Which region holds the largest market share, and where does the major opportunity lie in the future?

The global AI in genomics market exhibits regional nuances driven by varying healthcare infrastructures and research capabilities. North America, with its robust healthcare system and extensive research facilities, holds the largest market share. The major opportunity lies in Asia-Pacific, where increasing investments in healthcare infrastructure and growing awareness of genomic applications offer significant growth potential. Europe sees a surge in AI adoption for genomics research, contributing to market expansion. In Latin America and the Middle East & Africa, the market sees opportunities for collaboration in genomics research and healthcare initiatives.

Competition Landscape

The global AI in genomics market is highly competitive, with key players focusing on technological advancements and strategic collaborations. Established companies like Microsoft, IBM, and NVIDIA dominate the market with their comprehensive AI solutions. Emerging players, including Deep Genomics, Freenome Holdings, and PrecisionLife, contribute to the dynamic landscape. The competition is characterized by a blend of established tech giants and innovative startups, all striving for leadership in the rapidly evolving AI in genomics sector.

>> Microsoft Corporation
>> IBM Corporation
>> NVIDIA Corporation
>> Deep Genomics
>> Data4Cure, Inc
>> Freenome Holdings, Inc
>> Thermo Fisher Scientific, Inc.
>> Illumina, Inc.
>> Sophia Genetics
>> BenevolentAI
>> PrecisionLife Ltd.
>> Lifebit Biotech Ltd.
>> Google, Inc.
>> Intel Corporation

Comprehensive Market Segmentation:

∆ By Offering (Software, Hardware, and Services)
∆ By Technology (Machine Learning, Natural Language Processing, Blockchain, and Others)
∆ By Application (Oncology, Drug Discovery & Development, Genomic Editing, and Others)
∆ By End Users (Pharma & Biotech Companies, Healthcare Providers, Research Centers, and Others)

Market Segmentation by Geography including:

∆ North America: U.S., Canada, and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

Frequently Asked Questions (FAQs):

► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2023 to 2030?
► What are the key market dynamics influencing growth in the Global AI in Genomics Market?
► Who are the prominent players in the Global AI in Genomics Market?
► What is the consumer perspective in the Global AI in Genomics Market?
► What are the key demand-side and supply-side trends in the Global AI in Genomics Market?
► What are the largest and the fastest growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global AI in Genomics Market?

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Ms. Shalaka Dubey
Senior Sales Manager
Congruence Market Insights
Palo Alto, CA 94301, United States
Phone: +1 650-646-2623
Email: sales@congruencemarketinsights.com

About Us:

Congruence Market Insights is a leading market research firm dedicated to providing in-depth analysis and strategic solutions for businesses across diverse industries. With a focus on delivering actionable insights, we offer comprehensive market intelligence, trend analysis, and forecasting to empower informed decision-making. We have built a reputation for delivering practical insights and genuine reports across diverse sectors such as healthcare and pharmaceuticals, technology, biotechnology, and more, covering an extensive array of both primary and niche sub-domains. Our expertise lies in uncovering market trends, consumer behavior, and competitive landscapes, enabling our clients to stay ahead in an ever-evolving business landscape.

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