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The AI-based drug discovery market is projected to grow at an annualized rate of 25%, during the period 2022-2035, claims Roots Analysis

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London, Sept. 15, 2022 (GLOBE NEWSWIRE) — Roots Analysis has announced the addition of “AI-based Drug Discovery Market, 2022 – 2035” report to its list of offerings.

The use of AI-based tools in drug discovery operations is likely to not only improve overall R&D productivity, but also reduce clinical failure with accurate predictions of a drug candidate’s safety and efficacy during the early stages of drug development. As the adoption of AI and machine learning increases amongst innovators in the pharmaceutical industry, lucrative opportunities are expected to be created for players engaged in the AI-based drug discovery market.    

To order this 335+ page report, which features 155+ figures and 205+ tables, please visit 
https://www.rootsanalysis.com/reports/ai-based-drug-discovery-market.html

Key Market Insights 

Over 205 companies claim to offer AI-based drug discovery services / technologies
Majority of the firms (80%) engaged in this domain are small players, followed by mid-sized companies (15%) and large or very large firms (5%). Additionally, more than 50% of the stakeholders were established post 2015. Further, 54% of the players are based in North America; within this region, the US emerged as the most prominent hub, featuring the presence of the maximum number of players.

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Around 45 companies offer AI-based drug discovery services / technologies for all three steps of drug discovery
Majority (91%) of the players engaged in AI-based drug discovery market claim to have required expertise in lead identification / optimization / generation. Over 55 stakeholders claim to offer AI-based drug discovery services for both small molecules and biologics. 

Partnership activity within this domain has grown at a CAGR of 50%, between 2015 and 2021
Over 375 agreements have been inked in the last 5 years; 65% of the deals were focused on research and development. Other popular types of partnership models adopted by players engaged in this domain include technology access / utilization (10%) and acquisitions (4%).

~11 USD billion has been invested by both private and public investors in this domain, since 2006
Specifically, in 2021, industry players raised over USD 4.7 billion. In addition, majority of the companies (66%) primarily received funding through venture capital rounds. Further, around 60% of the total funding instances were reported by players headquartered in the US.

250+ patents related to AI-based drug discovery have been granted / filed between 2019 and 2022
R&D activity related to AI-based drug discovery is largely concentrated in North America, considering the fact that 48% of the total number of patents were filed in this region. In addition, most of the patents in this domain are patent applications (91%), followed by granted patents (7%).

An elaborate valuation analysis of companies that are engaged in providing AI-based drug discovery services / technologies
We have prepared a proprietary, multi-variable dependent valuation model to estimate the current valuation of a number of companies focused on deploying AI-based technologies in the drug discovery and development operations.

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Use of AI-based solutions in drug discovery has demonstrated the ability to enable up to 25% cost savings 
Based on inputs gathered from both secondary and primary sources, the report features an informed and insightful analysis, estimating cost saving potential associated with AI-based solutions. In fact, the adoption of such technologies has the potential to save more than USD 20 billion in drug discovery by 2035.

North America and Europe are anticipated to capture over 85% of the market share, by 2035
In addition, the market in Asia Pacific is likely to grow at a relatively faster pace (25%) in the long term. Further, in 2035, the AI-based drug discovery market for oncological disorders is expected to capture the majority share (~38%) of the total market. 

To request a sample copy / brochure of this report, please visit 
https://www.rootsanalysis.com/reports/ai-based-drug-discovery-market.html

Key Questions Answered

  • Who are the leading players engaged in the AI-based drug discovery market?
  • Who are the leading players engaged in the AI-based drug discovery market?
  • Which of the key AI technologies are presently being most commonly adopted by drug discovery focused companies?
  • What is the likely valuation / net worth of companies engaged in this domain?
  • What is the likely cost saving potential associated with the use of AI in the drug discovery process?
  • How is the intellectual property landscape for AI-based drug discovery technologies likely to evolve in the foreseen future?
  • Which partnership models are most commonly adopted by stakeholders engaged in this industry?
  • What is the overall trend of funding and investments within this domain?
  • How is the current and future opportunity likely to be distributed across key market segments?

The financial opportunity within the AI-based drug discovery market has been analyzed across the following segments:

  • Drug Discovery Steps
    • Target Identification / Validation
    • Hit Generation / Lead Identification
    • Lead Optimization
  • Therapeutic Area
    • Oncological Disorders
    • CNS Disorders
    • Infectious Diseases
    • Respiratory Disorders
    • Cardiovascular Disorders
    • Endocrine Disorders
    • Gastrointestinal Disorders
    • Musculoskeletal Disorders
    • Immunological Disorders
    • Other Disorders
  • Key Geographical Regions 
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • MENA
    • Rest of the World 

The opinions and insights presented in the report were also influenced by discussions held with senior stakeholders in the industry. The report includes detailed transcripts of discussions held with the following experts:

  • Steve Yemm (Chief Commercial Officer, Aigenpulse) and Satnam Surae (Chief Product Officer, Aigenpulse)
  • Ed Addison (Co-founder, Chairman and Chief Executive Officer, Cloud Pharmaceuticals)
  • Bo Ram Beck (Head Researcher, DEARGEN)
  • Simon Haworth (Chief Executive Officer, Intelligent Omics)
  • Immanuel Lerner (Chief Executive Officer and Co-Founder, Pepticom)
  • David Chiang (Chairman, Sage-N Research)

The research includes profiles of key players (listed below); each profile features a brief overview of the company, details related to its AI-based drug discovery technologies, recent developments and an informed future outlook.

  • 3BIGS
  • Aiforia Technologies
  • Atomwise
  • BioSyntagma
  • ChemAlive
  • Collaborations Pharma
  • Cyclica
  • Deep Matter
  • Exscientia
  • Gero
  • Insilico Medicine
  • InveniAI
  • KeenEye
  • MAbSilico
  • Optibrium
  • Recursion Pharmaceuticals
  • Sensyne Health
  • Valo Health

For additional details, please visit 
https://www.rootsanalysis.com/reports/ai-based-drug-discovery-market.html or email [email protected] 

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Artificial Intelligence

Vehere’s AI Network Security at GITEX Global 2024: A Catalyst for Middle East’s Digital Transformation

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DUBAI, UAE, Oct. 7, 2024 /PRNewswire/ — Vehere is set to participate in GITEX Global 2024, the largest and best-rated technology event in the world, from October 14–18, 2024, in Dubai. As a global cybersecurity company aiming to conquer new heights, Vehere will showcase its AI Network Security technology, which acts as a “Second Line of Defense” to protect corporate networks from the most advanced cyberthreats.

Vehere AI Network Security is a unified solution of Network Detection & Response (NDR) and Network Forensics (NF). Vehere NDR detects abnormal system behaviors by leveraging behavioral analytics/AI-ML. It detects and contains post-breach activity such as ransomware, APTs, insider threats, or lateral movements. Vehere NF supports security incident response and investigation of the source of an incident, analyses and reconstructs attack timelines, and provides evidence for legal proceedings.
Vehere AI Network Security stands out as the top choice for enterprise security due to its key differentiators:
Monitoring both East-West & North-South trafficsLossless Packet CaptureBehaviour-based Application DetectionUltraHunt 2 million IOCsRetrospective Breach DetectionFlexible DeploymentAvinash Garg, Vice President – Sales MEA of Vehere, said, “GITEX Global is an event of monumental magnitude where attendees will gain an understanding of Vehere AI Network Security, a technology built for empowering organizations to safeguard their critical assets and maintain business continuity by proactively identifying and neutralizing threats.
Also, the Middle East region is undergoing a significant digital transformation, and Vehere is committed to supporting organizations in this process. As businesses in the Middle East accelerate their digitalization efforts, our technology provides a path to modernization that promotes economic growth, operational efficiency, and security.”
In line with its participation, Vehere will offer live demonstrations, insights into product offerings, and the opportunity to interact with its experts to explore customized solutions.
Catch Vehere at GITEX Global, India Pavilion: H23-C17D, World Trade Center, Dubai. Register with us and get free passes to visit the biggest tech show in the world.
About Vehere:
Vehere is a revolutionary cybersecurity software company specializing in AI Cyber Network Intelligence. For more than a decade, Vehere has been supporting counter-terrorism analysts in Defense and Intelligence communities. Vehere is now trusted by cyber-analysts in Fortune 500 companies, including Telecom, Financial Institutions, and Smart Cities to protect their critical infrastructure against real-time cyberattacks.
Vehere. HUNT BEFORE BREACH™
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Artificial Intelligence

Zinnov estimates Digital and Engineering R&D Spends will surge 1.4X to touch USD 3 Trillion by 2027

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NEW YORK, Oct. 7, 2024 /PRNewswire/ — Global Management Consulting firm, Zinnov, released its industry-leading study on Enterprise Digital Engineering spends today. Zinnov shared that Digital Engineering spends remain strong, even in a potential recessionary period, having now stabilized at USD 1,032 Bn, at a 13% CAGR. Despite macro-economic headwinds such as inflation, geopolitical tensions, recession, and supply chain disruptions, investments in Digital Engineering are on an upswing, spurred by CXOs prioritizing operational efficiency, cost reduction, and the adoption of advanced technologies including AI, analytics platforms, automation tools, and IOT devices.  

Zinnov’s analysis reveals that Enterprise Digital Engineering spends will reach USD 1,654 Bn by 2027, owing to the unrelenting pace of technological innovation. The study, Digital Engineering report 2023, is a benchmark for business leaders across verticals that helps them identify strong partners for rapid and efficient deployment of Digital Engineering-led services initiatives across geographies.
ER&D investments in Europe showed resilience and grew by 9.5% in 2023, the highest since 2020. This increased ER&D spend is primarily driven by sectors such as Aerospace & Defense, Pharmaceuticals, and Industrial. Meanwhile, North America’s ER&D spend slowed due to inflation control measures, geopolitical pressures, and shifting demand patterns, despite traditionally being a leader. This has impacted industry investments, large deals, and talent sourcing. Interestingly, APAC’s ER&D spends exceeded expectations with a ~3% growth rate in late 2023, with China contributing over 10% of the global ER&D spend. Much of this spend from APAC is being channeled towards AI/ML, Robotics, Additive Manufacturing, Automation Tools, 5G, and Smart Manufacturing.
Hi-tech-led verticals continue to be the biggest contributors to the overall Digital Engineering spend at 55%, followed by Services-led verticals and Manufacturing-led verticals. The Software & Internet vertical continues to account for the lion’s share of the overall Digital Engineering spend at USD 424 Bn, fueled by a massive 425% increase in AI investments since 2020. Co-investments, partnerships, and co-innovation are the primary business models that Tech Giants and Hyperscalers are leveraging to optimize their AI investments.
Digital Priorities of Enterprises
Even though the enterprises’ digital priorities are evolving, a few key themes are emerging. Zinnov analyzed the top 2000 enterprise ER&D spenders and identified the following themes that they are channeling investments towards.  
Generative AI: Generative AI is upending industries and economies at breakneck speed by enhancing customer experience, optimizing business operations, improving productivity, and providing personalization. Its applications have expanded beyond content generation, enabling enterprises to automate workflows, enhance efficiencies, and accelerate data-driven decision-making. Automotive and Industrial verticals are early adopters of Generative AI-led efficiencies, while adoption in Healthcare, BFSI, Media & Tech verticals is slow due to stringent regulations. Interestingly, enterprises across verticals are leveraging Generative AI to save costs, that they are reinvesting in core and/or transformational initiatives including infrastructure development, offerings enhancement, customer support, model (LLM/SLM) development and integration, and Generative QA.
Cybersecurity: Cybersecurity remains a top priority across verticals. Financial institutions are investing heavily in AI-powered threat detection and Zero Trust frameworks to combat increasingly sophisticated cyberattacks. In Healthcare, Cybersecurity is vital for protecting sensitive patient data amid rising threats to digital health records and IOT-connected medical devices. Critical infrastructure, including energy and telecommunications, relies on robust Cybersecurity to prevent disruptions and ensure operational continuity. As cyber threats evolve, companies across verticals will continue to strengthen their defenses, integrating advanced solutions to safeguard their systems and data.
Cloud: Hyperscalers continue to dominate the global Cloud landscape, with the demand for Cloud Computing surging across verticals. This rapid growth in the market is driven by the need for scalable, secure, and cost-efficient infrastructure to support AI, Machine Learning, and Data Analytics initiatives. Hyperscalers such as AWS, Azure, and Google Cloud are increasingly playing a pivotal role, not only in providing core Cloud infrastructure, but also in offering advanced Cloud-native services that cater to vertical-specific challenges. Enterprises are leveraging hyperscalers to drive digital transformation initiatives by adopting hybrid and multi-Cloud strategies to optimize performance, ensure scalability, and accelerate innovation. As more industries transition to the Cloud, hyperscalers will remain critical drivers of enterprise modernization and growth.
Sustainability: Sustainability is driving significant investments from enterprises in 2024. Organizations are focusing on green technologies, renewable energy, and eco-friendly business practices to reduce their carbon footprints. In fact, between 2018 and 2023, the proportion of green talent increased by an average of 5.4% annually, while the proportion of job postings that required at least one green skill rose by 9.2% per year. From adopting energy-efficient data centers to integrating circular economy models, sustainability initiatives are increasingly shaping corporate strategies. Enterprises are not only aiming to meet regulatory requirements but also enhancing brand reputation to align with consumer demands for environmentally responsible practices.
Speaking about the study, Sidhant Rastogi, President – Strategy Business at Zinnov, stated, “In today’s hyper-digital world, technology is not just an enabler but has transformed the very fabric of modern life, reshaping every interaction, experience, and expectation. It has redefined the baseline of what good customer experience is. As the global landscape faces unprecedented challenges, the need for businesses to anticipate and innovate ahead of customer needs has never been more critical – all underpinned by technology.”
Rastogi further added, “Digital Engineering is at the forefront of this transformation, with global spends projected to surge to USD 1.65 Trillion in the next 3 years, driven by rapid advancements in AI, Cloud, IOT, and Cybersecurity. This growth is not just a trend; it’s an essential evolution fueled by interconnected ecosystems that bring together diverse expertise from across verticals – Automotive, Aerospace, Healthcare, and Semiconductor. This convergence is unlocking new frontiers in engineering, empowering businesses to not only navigate disruption but to turn it into opportunity.”
Zinnov’s Assessment of ER&D Service Providers
As part of the Digital Engineering study, Zinnov evaluated ~60 Global ER&D Service Providers for its annual Zinnov Zones ER&D and Digital Engineering ratings. The ratings encompass a comprehensive analysis of Service Providers’ capabilities across six horizontals, seven verticals, and three micro-verticals. It also includes a geographic evaluation of high-spending regions like the US and Europe, focusing on key factors such as investments, client success, and delivery capabilities in Engineering services.
Zinnov evaluated the Global ER&D Service Providers across the following areas:
Overall
Overall ER&D ZonesER&D Zones – Small and Medium Service ProvidersHorizontals
Digital EngineeringDigital Engineering – Small and Medium Service ProvidersData & AI EngineeringData & AI Engineering – Small and Medium Service ProvidersExperience EngineeringExperience Engineering – Small and Medium Service ProvidersIndustry 4.0Generative AIOverall Hyperscaler ServicesHyperscaler Services (AWS) – Top 10 SPsHyperscaler Services (Microsoft Azure) – Top 10 SPsHyperscaler Services (Google Cloud) – Top 10 SPsVerticals: Automotive, Aerospace, Consumer Software, Enterprise Software, Industrial, Semiconductor, Telecommunications
Micro-verticals: Software Platform Engineering, Medical Devices, and Electrification
Service Providers evaluated: Accenture, ACL Digital, Accion Labs, Akkodis, Alten, Apexon, Ascendion, AVL, Bertrandt, Birlasoft, Bristlecone, Capgemini Engineering, Caresoft Global, Cigniti, Cognizant, Cyient, Daffodil Software, EDAG, eInfochips, Encora, Expleo Group, FEV, Global Logic, Gopherslab, GS Lab|GAVS, Happiest Minds, HARMAN DTS, HCLTech, Hitachi Digital Services, IAV, Ignitarium, Indium, Infovision, Itransition, KPIT, LTTS, Marlabs, Mphasis, Ness Digital Engineering, Onward Group, Persistent Systems, Sasken, Softdel, Tata Elxsi, Tata Technologies, TCS, Tech Mahindra, TO THE NEW, Trigent, UST Global, VVDN Technologies, Wipro, Xoriant
*Z2000 represents Top 2000 global ER&D spenders across 20+ verticals.
About Zinnov Zones
Zinnov Zones is an annual rating published by Zinnov which assesses Global Service Providers based on their competencies, capabilities, and market success. Since 2009, Zinnov Zones (previously known as GSPR – Global Service Provider Ratings) has become one of the most trusted reports globally, for both enterprises and Service Providers to better understand the vendor ecosystem across multiple domains such as Digital Transformation, ER&D Services, IOT, Intelligent Automation, and Media & Entertainment.
This is the fifteenth consecutive year that Zinnov has assessed Service Providers for their ER&D capabilities. The detailed ratings and contact information of Service Providers are available at: https://zinnovzones.com/ratings/e-r-and-d-and-digital-engineering-services/overall/2024
About Zinnov
Founded in 2002, Zinnov is a global management and strategy consulting firm, with presence in New York, Santa Clara, Houston, Seattle, Bangalore, Gurgaon, Pune, Hyderabad, and Paris. Over the past 22 years, Zinnov has successfully consulted with over 250+ Fortune 500 enterprises to develop actionable insights to help them accelerate their technology journeys to create value – across dimensions of revenue, transformation, and optimization. With core expertise in Digital Engineering Talent, Digital Transformation, Innovation, and Outsourcing Advisory, Zinnov assists clients by:
Enabling global companies to develop and optimize a global engineering talent footprint through center setups and accelerators – in an as-a-service model, as well as optimizing their global portfolios, to achieve higher R&D efficiencies, innovation, and productivity;Advising global PE firms in asset shortlisting and target evaluation, commercial due diligence, and value creation;Growing revenue for companies’ products and services in newer markets through account intelligence, market entry, and market expansion advisory;Helping global companies outline and drive their open innovation programs, design and operate accelerator programs, and enable collaboration with start-ups across specific use cases and predefined outcomes;Structuring and implementing Digital Transformation levers enabled by technologies like AI/ML, Intelligent Automation, Cloud, IOT, etc.With their team of experienced consultants, subject matter experts, and research professionals, Zinnov serves clients from across multiple industry verticals including Enterprise Software, BFSI, Healthcare, Automotive, Retail, and Telecom in the US, Europe, Japan, and India. For more information, visit http://www.zinnov.com.
Media contact Nitika GoelChief Marketing Officer, [email protected]
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Artificial Intelligence

IFS strengthens Executive Board with CIO and CHRO appointments

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Helena Nimmo appointed CIO and Debra McCowan appointed CHRO to fuel IFS’s next phase of growth in pioneering and dominating Industrial AI
LONDON, Oct. 7, 2024 /PRNewswire/ — IFS, the leading provider of enterprise cloud and Industrial AI software, has made two senior appointments to its Executive Board. Helena Nimmo joins as global Chief Information Officer (CIO) and Debra McCowan as Chief Human Resources Officer (CHRO).

Nimmo joins from Endava, a US-listed global technology company with over 12,000 employees. As CIO at IFS, Nimmo will engage CIOs and tech leaders at IFS customers to help them with their strategic transformation journeys, as well as driving the effective application of technology within IFS to deliver better products and services to customers. With IFS leading the adoption of Industrial AI across the world, Nimmo will drive the integration of AI across the IFS community, enabling IFS customers to deliver exceptional moments of service to their clients.
McCowan was CHRO at NetApp, Inc., a Fortune 500 global data infrastructure, AI and cloud services company. In this board level role, McCowan was a strategic partner and advisor to the CEO and executive leadership team. As IFS rapidly grows beyond 7,000 employees in over 90 countries, McCowan will build on the HR transformation strategy IFS has already embarked on, to lead a high-performing global team, delivering progressive HR strategies and initiatives to rapidly grow and scale IFS’s footprint.
“I’m delighted that Helena and Debra are joining IFS at such a pivotal point in its growth journey,” said Mark Moffat IFS CEO. “Helena’s leadership has been instrumental in orchestrating company-wide transformations, developing core technology infrastructures, and implementing robust security measures. Debra is a transformational Human Resources executive with years of global leadership experience in the technology sector, making her an excellent fit for this role. I look forward to the new perspectives and ideas they will both bring to IFS and support our global mission to lead the Industrial AI revolution.”
Nimmo started her career at Nokia in Finland and has since held leadership positions in both customer-facing and internal technology functions at organizations including Symbian, Fujitsu and Thomson Reuters.
“I’m delighted to be joining IFS, the world leader in cloud enterprise software and Industrial AI,” said Nimmo, IFS’s CIO. “I am excited to add my expertise to drive digital innovation and deliver exceptional value to our customers. I have a passion for technology and a commitment to excellence and am eager to contribute to IFS’s continued growth and success.”
Prior to NetApp, McCowan was the CHRO at Equinix the world’s leading global data center and interconnection provider. She has held global executive leadership roles at Avago Technologies (now Broadcom Inc.), Hitachi Data Systems (now Hitachi Vantara), and Telstra Corporation.
“Joining IFS at a time of significant growth globally is a tremendous opportunity,” said Debra McGowan, IFS CHRO. “My mission is to continue to build a conducive environment for diverse, strategically aligned high performing teams to connect and thrive in a fast-paced business and in a dynamic workplace. I look forward to this exciting challenge.”
About IFS
IFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.
IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.
IFS was founded in 1983 by five university friends who pitched a tent outside our first customer’s site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 90+ countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why.
Contact information:EUROPE / MEA / APJ:Adam GillbeEmail: [email protected] 
NORTH AMERICA / LATAM:Mairi MorganEmail: [email protected] 
This information was brought to you by Cision http://news.cision.com
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