Image Analysis Software Market Size, $7,672.16 Million by
New York, Jan. 24, 2022 (GLOBE NEWSWIRE) — According to our new research study on “Image Analysis Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Deployment Type (On-Premise and Cloud), Image Dimension (2D, 3D, and 4D), and Vertical (Healthcare and Life Sciences, Manufacturing, Academia) , Minerals, Metals and Oil, and Others)”, published by The Insight Partners.
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|Market size Value in||US$3,970.93 million in 2021|
|Market Size Value by||$7,672.16 million by 2028|
|Rate of growth||CAGR of 9.9% from 2021 to 2028|
|Number of pages||172|
|Number of tables||88|
|Number of graphs and figures||82|
|Historical data available||Yes|
|Segments Covered||Type of deployment and vertical sector|
|Regional scope||North America; Europe; Asia Pacific; Latin America; AEM|
|Country scope||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report cover||Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends|
Image Analysis Software Market: Competitive Landscape and Key Developments
ADCIS SA; Bio-Rad Laboratories, Inc.; Oxford Instruments; Clemex Technologies, Inc.; Media Cybernetics, Inc.; MIPAR Software LLC; Olympus Company; Pax-it; PerkinElmer, Inc.; TissueGnostics GmbH; Leica Microsystems GmbH; MVTec Software GmbH; Carl Zeiss AG; Scale AI, Inc.; Labelbox, Inc.; and V7 Ltd are among the key players profiled while surveying the Image Analysis Software market. In addition, several other essential market players have been researched and analyzed to get a comprehensive view of the Image Analysis Software market and its ecosystem.
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In January 2021, the Aphelion imaging software suite was updated to version 4.5.0. The new features included in the release are the Annotate Deep Learning additional features in the Aphelion GUI.
In April 2021, Imaris launched version 9.8 – Visualization of objects on extended sections, as well as raw data, has been added by the company, opening up new means of validating detection and editing in Imaris.
Visual AI allows both new and experienced users to effortlessly build and deploy accurate, photo-explainable machine learning models through community materials. Computer vision will allow users to manipulate images as they would any other type of data. Enterprise AI systems automate the preparation, selection, and training of a wide range of state-of-the-art deep learning models so that the optimal deployment model can be recommended. As social distancing becomes the new norm, monitoring and surveillance of people’s gatherings and movements becomes more important than ever. Standard operating procedures (SOPs) must be implemented and followed in real time by companies. Employees can maintain safe and specified distances from each other throughout shifts while following conventional practices thanks to computer algorithms that evaluate data from onsite video cameras. Retailers can use artificial intelligence and machine learning tools to track distances between employees in their warehouse. When a deviation from typical behavior is detected, these tools issue real-time alerts, which in turn are likely to gain momentum and propel the growth of the image analysis software market during the forecast period.
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In North America, especially the United States, most enterprises are developing strategies to increase agility and flexibility, support expansion, and minimize the complexity of hybrid cloud migration. Virtual networks that support applications and workloads on physical infrastructure and multicloud environment have replaced traditional on-premises physical servers.
Image analysis software and algorithms are an important part of modern healthcare. The medical industry is completely dependent on image analysis tools as they have simplified the diagnosis of tumors and other diseases. Imaging techniques have undergone notable developments in recent years; Image analysis software products currently available on the market allow users to access data remotely, thereby facilitating data sharing among practitioners. Computed tomography, magnetic resonance imaging, ultrasound, positron emission tomography and coupled hybrid technologies such as PET-CT and PET-MRI image fusion are necessary for the proper functioning of the medical industry. According to several organizations and surveys, in 2019, the United States, Canada, and Mexico each had approximately 42.6, 52.3, and 6.12 CT Scan devices per million people. respectively. Hence, these factors are driving the growth of the image analytics market in the region.
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Image Analysis Software Market: Deployment Type Overview
Based on the type of deployment, the image analysis software market is divided into on-premises and cloud-based. The on-premises segment dominates the image analysis software market owing to intense penetration in the healthcare and life sciences industry. Laboratories, universities, and manufacturing industries have preferred the on-premises solution due to its enhanced security. However, the increasing demand for cloud computing solutions and increasing security of cloud platforms are driving the growth of the image analysis software market for the cloud segment.
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