PUBLISHER: TechNavio | PRODUCT CODE: 1915640
PUBLISHER: TechNavio | PRODUCT CODE: 1915640
The global AI for scientific discovery market is forecasted to grow by USD 4407.4 mn during 2024-2029, accelerating at a CAGR of 19.0% during the forecast period. The report on the global AI for scientific discovery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by proliferation of high-volume scientific data and advanced computational infrastructure, escalating investment and cross-disciplinary strategic collaborations, transformative advances in AI models and algorithms.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 15.7% |
| CAGR | 19% |
| Incremental Value | $4407.4 mn |
Technavio's global AI for scientific discovery market is segmented as below:
By Application
By Technology
By End-User
Geography
This study identifies the exponential growth in multi-modal and high-dimensional scientific data as one of the prime reasons driving the global AI for scientific discovery market growth during the next few years. Also, maturation of AI architectures and democratization of high-performance computing and escalating strategic investments and public-private collaborations will lead to sizable demand in the market.
The report on the global AI for scientific discovery market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global AI for scientific discovery market vendors that include AbCellera Biologics Inc., Amazon Web Services Inc., Atomwise Inc., Benchling Inc., BenchSci Analytics Inc., BenevolentAI, Evaxion AS, Generate Biomedicines, Google LLC, Healx Ltd., IBM Corp., Insilico Medicine, Microsoft Corp., Nimbus Therapeutics, Novartis AG, NVIDIA Corp., Recursion Pharmaceuticals Inc., Schrodinger Inc.. Also, the global AI for scientific discovery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.