India Ai In Life Science Analytics Market Size & Outlook
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India ai in life science analytics market highlights
- The India ai in life science analytics market generated a revenue of USD 55.9 million in 2023 and is expected to reach USD 146.1 million by 2030.
- The India market is expected to grow at a CAGR of 14.7% 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.
Ai in life science analytics market data book summary
| Market revenue in 2023 | USD 55.9 million |
| Market revenue in 2030 | USD 146.1 million |
| Growth rate | 14.7% (CAGR from 2024 to 2030) |
| Largest segment | Cloud |
| Fastest growing segment | Cloud |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cloud, On-premise |
| 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, India accounted for 3.2% of the global ai in life science analytics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan ai in life science analytics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 162.7 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 |
India 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 52.24% in 2023. Horizon Databook has segmented the India ai in life science analytics market based on cloud, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.
Rising environmental concerns related to agro-industrial and manure waste management are contributing to the increased demand growing interest in using renewable sources of energy in India. The government is establishing new policies to support the development of anaerobic digestion and renewable energy sources while creating more opportunities for anaerobic digestion, thus helping the Indian Plastic to Fuel market to expand further in the coming years. Plastics market is a significant contributor to the economic development of India.
The country is considered to be one of the most important markets for plastic waste recycling owing to rapid industrialization, population, and economic growth, resulting in increased waste generation in the last few years. In September 2018, Xinxiang Doing Renewable Energy Equipment Co., Ltd installed a 12 T/D of plastic waste to oil pyrolysis plants in India and also supplied another 10 T/D of plastic waste pyrolysis plants specially designed for processing waste plastic from paper.
India is in the process of making policies in favor of the recycling industry of the country, which will encourage the development of collection and recycling centers and is expected to drive the market over the forecast period. Numerous initiatives for proper waste management, such as Swachh Bharat Mission and Plastic Waste Management Programme (2018–2024), are expected to have a positive impact on the market over the forecast period.
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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 country-level data and insights on the India ai in life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into India ai in life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India ai in life science analytics market size, by delivery, 2018-2030 (US$M)
India AI In Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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