60.9 F
Las Vegas
HomeTechMachine Learning in Pharmaceutical Industry Market to Reach USD 26.2 Billion by...

Machine Learning in Pharmaceutical Industry Market to Reach USD 26.2 Billion by 2031, Says Allied Market Research

Machine Learning in Pharmaceutical Industry Market

ML in pharmaceutical industry refers to the use of AI algorithms and statistical models to analyze large datasets in order to identify patterns.

PORTLAND, PORTLAND, OR, UNITED STATE, October 4, 2023 /EINPresswire.com/ — According to the report published by Allied Market Research, the global machine learning in pharmaceutical industry market garnered $1.2 billion in 2021, and is estimated to generate $26.2 billion by 2031, manifesting a CAGR of 37.9% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

The research provides detailed segmentation of the global machine learning in pharmaceutical industry market based on component, enterprise size, deployment, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Request Sample Report (Get Full Insights in PDF – 280 Pages) at: https://www.alliedmarketresearch.com/request-sample/74979

COVID-19 scenario:

➢ The COVID-19 pandemic had a positive impact on the growth of the global machine learning in pharmaceutical industry market, owing to the role of machine learning in drug discovery and development. Machine learning algorithms have been increasingly used in drug discovery and development for several years, and the pandemic accelerated this trend.

➢ The urgency of finding treatments and vaccines for COVID-19 led to a rise in investment in machine learning and artificial intelligence for drug development. Machine learning was used to rapidly analyze large amounts of data related to the coronavirus and potential treatments.

➢ With many people unable or unwilling to participate in traditional clinical trials due to COVID-19 concerns, virtual trials became more common.

Based on deployment, the cloud segment accounted for the highest share in 2021, holding more than two-thirds of the global machine learning in pharmaceutical industry market, and is expected to continue its leadership status during the forecast period. This segment is estimated to grow at the highest CAGR of 40.0% during the forecast period. The report also discusses on-premise segment.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/74979

Based on component, the solution segment held the highest share in 2021, accounting for more than two-thirds of the global machine learning in pharmaceutical industry market and is expected to continue its leadership status during the forecast period. However, the services segment is expected to register the highest CAGR of 39.5% from 2022 to 2031.

On the basis of enterprise size, the large enterprises segment accounted for the highest share in 2021, contributing to around three-fourths of the global machine learning in pharmaceutical industry market, and is expected to maintain its lead in terms of revenue during the forecast period. Moreover, the SMEs segment is expected to manifest the highest CAGR of 40.1% from 2022 to 2031.

Buy Now & Get Exclusive Discount on this Report:  https://www.alliedmarketresearch.com/global-machine-learning-in-pharmaceutical-industry-market/purchase-options

Based on region, North America held the largest share in 2021, contributing to nearly half of the global machine learning in pharmaceutical industry market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 42.4% during the forecast period. The report also analyzes the markets in Europe and LAMEA regions.

Leading Market Players:

➢ BioSymetrics Inc.

➢ Deep Genomics

➢ Atomwise Inc.

➢ NVIDIA Corporation

➢ International Business Machines Corporation

➢ Microsoft Corporation
➢ IBM

➢ cyclica inc.

➢ Cloud Pharmaceuticals, Inc.

➢ Alphabet Inc.

Inquiry Before Buying:  https://www.alliedmarketresearch.com/purchase-enquiry/74979

Similar Reports:

1. AI in Pharma Market

2. Pharma Management Software Market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

Allied Market Research
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn



Originally published at https://www.einpresswire.com/article/659541807/machine-learning-in-pharmaceutical-industry-market-to-reach-usd-26-2-billion-by-2031-says-allied-market-research

- Part of VUGA -marketing agency

latest articles

gossip tv free

explore more

free fashion tv