About Insilico Biotechnology
Insilico Biotechnology predicts and optimizes cellular processes for the Life Sciences industries by building computational models of living cells.On November 2nd, 2021, Insilico Biotechnology was acquired by Yokogawa Electric. The terms of the transaction were not disclosed.
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Research containing Insilico Biotechnology
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CB Insights Intelligence Analysts have mentioned Insilico Biotechnology in 1 CB Insights research brief, most recently on Dec 17, 2020.
Insilico Biotechnology Patents
Insilico Biotechnology has filed 1 patent.
Cell biology, Microscopy, Biotechnology, Cells, Analytical chemistry
Cell biology, Microscopy, Biotechnology, Cells, Analytical chemistry
Latest Insilico Biotechnology News
Jun 30, 2022
| Research Dive USA - English Share this article Share this article The digital twin market is expected to grow by 2030 due to adoption of digital twin technology in many industries. System digital twin sub-segment is likely to have the highest market share. Asia-Pacific market is expected to be the fastest growing. NEW YORK, June 30, 2022 /PRNewswire/ -- Research Dive has added a new report to its offering titled, "Digital Twin Market by Type (System Digital Twin, Product Digital Twin, and Process Digital Twin), Industry (Aerospace & Defense, Automotive & Transportation, Home & Commercial, Healthcare, Energy & Utilities, Oil & Gas, Agriculture, Telecommunication, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2030." As per the report, the global digital twin market is predicted to grow at a fascinating CAGR of 39.48% in the 2021-2030 timeframe, thereby garnering $1,25,717.4 million by 2030. Dynamics of the Digital Twin Market Drivers: Growing adoption of digital twin technology by various industries across different sectors is predicted to be the primary growth driver of the digital twin market in the forecast period. Moreover, integration of digital twin technology with advanced technologies like IoT, AI, etc., is expected to augment the growth rate of the market in the forecast timeframe. Opportunities: Since the last few years, various sectors such as automotive, manufacturing, healthcare, etc., have adopted digital twin technology for product launches and product enhancements which is expected to offer numerous growth opportunities to the market in the analysis timeframe. Along with this, integration of advanced technologies like machine learning and AI with digital twin technology is anticipated to push the market forward. Restraints: Lack of skilled workforce, however, may dampen the growth rate of the digital twin market. Impact of Covid-19 on the Digital Twin Market The Covid-19 pandemic, since its outbreak, has been disastrous for industries and businesses across the globe. The lockdowns have worsened the situation as they have completely disrupted the global supply chains, both- supply-side and demand-side, thereby altering and adversely affecting the business and production cycles of several industries. In such a scenario, when lockdowns were in place, digital twin technology has played a huge role in completion of product enhancement projects of several companies. As a result of the critical role played by digital twin technology, the digital twin market has succeeded in registering a huge growth despite the pandemic. The report has divided the digital twin market into different segments based on type, industry, and region. By type, the system digital twin sub-segment is predicted to have a dominant market share by 2030. The increasing adoption of system digital twin type by different industries such as automotive, manufacturing, oil & gas, etc. is predicted to help the sub-segment to grow in the analysis timeframe. By industry, the automotive and transportation sub-segment is anticipated to become the most lucrative sub-segment of the digital twin market by 2030. Digital twin technology is widely used by automobile manufacturing companies to create digital models of connected vehicles. Along with this factor, mass production of automobiles and globalization are predicted to become the main growth drivers of the sub-segment. By regional analysis, the digital twin market in Asia-Pacific region is expected to be the fastest growing by 2030. Increased demand for digital twins by various industries across different sectors in order to reduce labor costs is predicted to be the main contributing factor behind the growth of the market. RJMetrics, among others. These key market players are developing different strategies like product development, merger and acquisitions, partnerships and collaborations to gain a leading position in the market. – Inquire here for the key manufacturers Development Strategic Report For instance, in November 2021, Yokogawa Electric Corporation, a Japanese electrical engineering company, announced the acquisition of Insilico Biotechnology AG, a German-based bioprocess software and service provider. Insilico Biotechnology AG is considered as one of the pioneers in developing a bioprocess digital twin technology and this acquisition will help Yokogawa to increase its footprint in the digital twin market. The report also summarizes many crucial aspects of the digital twin market including SWOT analysis, latest strategic developments, financial performance of the key players, and product portfolio. More about Digital Twin Market: About Research Dive Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge. Contact:
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Insilico Biotechnology Frequently Asked Questions (FAQ)
When was Insilico Biotechnology founded?
Insilico Biotechnology was founded in 2001.
Where is Insilico Biotechnology's headquarters?
Insilico Biotechnology's headquarters is located at Meitnerstraße 9, Stuttgart.
What is Insilico Biotechnology's latest funding round?
Insilico Biotechnology's latest funding round is Acquired.
Who are the investors of Insilico Biotechnology?
Investors of Insilico Biotechnology include Yokogawa Electric and Bundesministerium fur Bildung und Forschung.
Who are Insilico Biotechnology's competitors?
Competitors of Insilico Biotechnology include Micar Innovation.
Compare Insilico Biotechnology to Competitors
Atomwise uses deep learning neural networks to help discover new medicines. Atomwise achieves results for new drug hit discovery, binding affinity prediction, and toxicity detection. Atomwise predicts drug candidates for pharmaceutical companies, start-ups, and research institutions. It is currently using computational drug design to design drugs against COVID.
Micar Innovation is a drug discovery engine. Micar Innovation creates new companies in partnership with pioneering academic researchers and major biopharmaceutical companies, which provide funding and a path to liquidity through pre-negotiated acquisitions.
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