The key players operating in the global Artificial Intelligence in Genomics Market are artificial intelligence in genomics market has witnessed remarkable growth, with a value of US$ 397.64 million in 2022. This growth can be attributed to the increasing adoption of artificial intelligence (AI) technologies in the field of genomics, driven by advancements in data analytics, machine learning, and computational biology. AI in genomics enables researchers and clinicians to analyze vast amounts of genetic data, identify disease-related mutations, and discover potential therapeutic targets with greater speed and accuracy. The market is projected to experience exponential expansion, reaching approximately US$ 5,972 million by 2030, exhibiting an impressive compound annual growth rate (CAGR) of 40.31% during the forecast period from 2022 to 2030. Factors such as the growing demand for personalized medicine, the rise in genomic research initiatives, and the need for efficient diagnosis and treatment options for genetic disorders fuel the demand for AI-driven solutions in genomics. Additionally, collaborations between AI technology providers and genomics companies, as well as investments in AI-powered genomics platforms, are expected to drive further advancements and foster the market's rapid growth in the coming years. , This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future. , Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth. , The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share. , To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns. , Artificial Intelligence in Genomics Market : Risk Analysis , SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Artificial Intelligence in Genomics Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Artificial Intelligence in Genomics Market's supply chain, distribution, and total revenue growth. , Competitive landscaping: , To understand the competitive landscape, we are analyzing key Artificial Intelligence in Genomics Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Artificial Intelligence in Genomics Market. , To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces. , SkyQuest's Expertise: , The Artificial Intelligence in Genomics Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market. , Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement. , KEY MARKET SEGMENTS , By Offering , Software , Services , By Application , Drug Discovery & Development , Precision Medicine , Diagnostics , Animal Research and Agriculture , Others , By End User , Pharmaceutical & Biotech Companies , Government Organizations , Research Organizations , Others , By Technology , Machine Learning , Deep Learning , Supervised Learning , Reinforcement Learning , Unsupervised Learning , Other , Other Technologies , By Functionality , Genome Sequencing , Gene Editing , Clinical Workflows , Predictive Genetic Testing & Preventive Medicine , By Region , North America , Europe , Asia Pacific , Latin America , Middle East & Africa , KEY MARKET PLAYERS , IBM , NVIDIA Corporation , Benevolent AI , Verge Genomics , MolecularMatch, Inc. , SOPHiA GENETICS , PrecisionLife Ltd. , Lifebit , FDNA, Inc. , Empiric Logic , Microsoft , Deep Genomics , Fabric Genomics Inc. , Freenome Holdings, Inc. , Cambridge Cancer Genomics , Data4Cure Inc. , Engine Biosciences Pte. Ltd. , Genoox Ltd. , Diploid , DNAnexus Inc..
USA (+1) 351-333-4748
