Europe Ai In Life Science Analytics Market Size & Outlook
Europe ai in life science analytics market highlights
- The Europe ai in life science analytics market generated a revenue of USD 456.6 million in 2023.
- The market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, cloud was the largest revenue generating delivery in 2023.
- Cloud is the most lucrative delivery segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 456.6 million |
| Market revenue in 2030 | USD 905.5 million |
| Growth rate | 10.3% (CAGR from 2024 to 2030) |
| Largest segment | Cloud |
| Fastest growing segment | Cloud |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cloud |
| Key market players worldwide | Indegene, Databricks, SAS AB, Sisense, IQVIA Holdings Inc, International Business Machines Corp, Lexalytics, Sorcero, Axtria |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.4% of the global ai in life science analytics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 727.2 million by 2030.
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AI In Life Science Analytics Market Scope
AI In Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Axtria | View profile | 1001-5000 | Berkeley Heights, New Jersey, United States, North America | http://axtria.com |
| Sorcero | View profile | 51-100 | Washington, District of Columbia, United States, North America | http://www.sorcero.com |
| Lexalytics | View profile | 11-50 | Amherst, Massachusetts, United States, North America | http://www.lexalytics.com |
| Indegene | View profile | 5001-10000 | Princeton, New Jersey, United States, North America | https://www.indegene.com/ |
| Databricks | View profile | 5001-10000 | San Francisco, California, United States, North America | https://databricks.com |
| Sisense | View profile | 501-1000 | New York, New York, United States, North America | http://www.sisense.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| SAS AB | View profile | 8099 | Frosundaviks Alle 1, Solna, Stockholm, Sweden, SE-195 87 | https://www.sasgroup.net |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
Europe ai in life science analytics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in life science analytics market will help companies and investors design strategic landscapes.
Cloud was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe ai in life science analytics market based on cloud covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is the second-largest regional segment in the market. The EU and local policymakers are creating a favorable regulatory environment for the plastic to fuel market to grow substantially in the upcoming years. European Union adopted a roadmap in March 2011 to transition toward a low carbon economy by 2050.
Landfills bans has been existed for decades in many European Union countries such as Germany, Denmark, Austria, and France. High landfill tipping fees, closing costs of landfills, waste management, and dumping tariffs have encouraged the population to switch to plastics waste recycling and conversion of plastics waste to fuel.
Since, landfill taxes in some countries are extremely high, the cost of dumping sometimes becomes more expensive as compared to that of conversion of plastics waste to fuel hence it is expected to drive market growth over the forecast period.
Nearly 30% to 35% of plastics waste goes into recycling. Stringent regulations and numerous initiatives on plastic waste recycling are projected to benefit the plastic to fuel market over the forecast period. Numerous initiatives such as Zero-Waste Strategy and Environment Action Programmed are expected to drive the demand for market over the forecast period.
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Target buyers of Europe ai in life science analytics market databook
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Our clientele includes a mix of ai in life science analytics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ai in life science analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ai in life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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