South Korea Ai In Life Science Analytics Market Size & Outlook
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South Korea ai in life science analytics market highlights
- The South Korea ai in life science analytics market generated a revenue of USD 40.3 million in 2023 and is expected to reach USD 101.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14% 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 40.3 million |
| Market revenue in 2030 | USD 101.1 million |
| Growth rate | 14% (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, South Korea accounted for 2.3% 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 |
South Korea 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 52.36% in 2023. Horizon Databook has segmented the South Korea ai in life science analytics market based on cloud, on-premise covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is one of the largest plastics consumers and after China enacted ban on the import of most plastics waste in 2018 South Korea moved away from exporting its plastic waste towards recycling of plastics waste and then produce fuel and other reusable products or decrease the consumption of plastics across the country. Seoul is one of top city in recycling of plastics waste. Owing to the strict legislation for plastics waste has helped in reduce the household plastics waste and plastics waste coming from industrial sector are being recycled and then converted into fuel and other products.
For instance, in 2016, Veolia Ecocycle recycled the plastics waste and converted it into solid fuels, i.e. approximately 70,000 metric tonnes of plastics waste is used to manufacture 60,000 metric tonnes of solid recovered fuel (SRF). In January 2021, JGC Corporation received an order to provide a feasibility study for the 1st plastic waste gasification recycling plant located in South Korea. This project includes a viability study that is related to the plastic waste gasification recycling plant’s construction by utilizing Ebara Ube Process technology. This process involves the gasification of plastic waste to produce synthesis gas.
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Target buyers of South Korea 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 country-level data and insights on the South Korea ai in life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea ai in life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ai in life science analytics market size, by delivery, 2018-2030 (US$M)
South Korea AI In Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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