On-Premises Segment to Lead North America’s Image Analysis Software Market from 2019 to 2028
A recent market research study, North America Image Analysis Software Market to 2028 – COVID-19 Impact and Regional Analysis by Deployment Type, Image Dimension, and Industry Vertical, forecasts the market to grow from US$ 1,433.45 million in 2021 to US$ 2,646.18 million by 2028, reflecting a CAGR of 9.2%. The rising demand for image analysis in the automotive industry is a key driver of this growth, though high installation costs may pose a challenge. The report highlights prevailing market trends, key growth factors, and potential constraints.
Market Outlook and Post-Pandemic Impact
The progress of vaccination programs and business reopenings is expected to drive demand for image analysis software in the coming years. While lockdowns in early 2020 led to a decline in sales and industry-wide disruptions, the latter half of the year saw a sharp increase in online sales. To enhance customer engagement and boost revenue, market players are actively investing in customer experience management technologies.
Additionally, North America is witnessing rapid adoption of artificial intelligence (AI), cloud computing, edge computing, machine learning, and IoT technologies. The introduction of 5G technology, combined with IoT, is expected to create new opportunities for improving efficiency and reducing resource wastage across various industries. With these advancements, the post-COVID-19 image analysis software market is poised for significant growth in the coming years.
Market Introduction
In North America, particularly in the US, most businesses are developing strategies to increase agility and flexibility, support expansion, and minimize complexity in hybrid cloud migration. Virtual networks that support applications and workloads across physical infrastructure and multi-cloud environment have replaced the 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 since they have made the diagnosis of tumors and other diseases simpler. The imaging techniques have undergone notable developments in the last few years; image analysis software products that are currently available in the market allow users to access data remotely, further enabling ease of 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 effective functioning of the medical industry. For instance, According to several organizations and surveys, the United States, Canada, and Mexico each had about 42.6, 52.3, and 6.12 CT Scan devices per one million people in 2019 respectively.
North America Image Analysis Software Strategic Insights
Strategic insights for the North America Image Analysis Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Image Analysis Software Report Scope
Report Attribute
Details
Market Size in 2021
US$ 1,433.45 Million
Market Size by 2028
US$ 2,646.18 Million
Global CAGR (2021 – 2028)
9.2%
Historical Data
2019-2020
Forecast Period
2022-2028
Segments Covered
By Deployment Type
– On-Premises
– Cloud
By Image Dimension
– 2D
– 3D
– 4D
By Industry Vertical
– Healthcare and Life Science
– Manufacturing
– Academia
– Minerals
– Metals and Oil
Regions and Countries Covered
North America
– US
– Canada
– Mexico
Market Leaders and Key Company Profiles
– ADCIS SA
– Bio-Rad Laboratories, Inc
– Carl Zeiss AG
– CLEMEX TECHNOLOGIES INC.
– Labelbox, Inc
– Leica Microsystems
– MEDIA CYBERNETICS, INC.
– MIPAR
– MVTec Software GmbH
– Olympus Corporation
North America Image Analysis Software Regional Insights
The geographic scope of the North America Image Analysis Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Overview and Dynamics
The image analysis software market in North America is expected to grow from US$ 1,433.45 million in 2021 to US$ 2,646.18 million by 2028; it is estimated to grow at a CAGR of 9.2% from 2021 to 2028. Increasing demand for cloud-powered image analysis solutions; Artificial Intelligence (AI) is becoming the next frontier in digital transformation, and when integrated into processes, it can deliver value and impact across all facets of a company. AWS, Microsoft, and Google are all aggressively investing in improving their image analysis software solutions to improve in-store and online retail performance. Due to the emergence of COVID-19, demand for cloud-based services has increased even more. These would promote the future growth of the image analysis market in the forecasted period. This is bolstering the growth of the image analysis software market.
Key Market Segments
Based on deployment type, the North America image analysis software market is segmented into on-premises and cloud based. In 2020, the on-premise segment held the largest share North America image analysis software market. Based on the image dimension, the North America image analysis software market is segmented into 2D, 3D, and 4D. In 2020, the 2D segment held the largest share North America image analysis software market. Based on the industry vertical, the North America image analysis software market is segmented into healthcare and life science, manufacturing, academia, minerals, metals and oil and others. In 2020, the healthcare and life science segment held the largest share North America image analysis software market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the image analysis software market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ADCIS SA; Bio-Rad Laboratories, Inc; Carl Zeiss AG; CLEMEX TECHNOLOGIES INC.; Labelbox, Inc; Leica Microsystems; MEDIA CYBERNETICS, INC.; MIPAR; MVTec Software GmbH; Olympus Corporation; Oxford Instruments; PAX-IT; PerkinElmer Inc.; Scale AI, Inc.; and TISSUEGNOSTICS GMBH among others.
Reasons to buy report
To understand the North America image analysis software market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for North America image analysis software market
Efficiently plan M&A and partnership deals in North America image analysis software market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America image analysis software market
Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
NORTH AMERICA IMAGE ANALYSIS SOFTWARE MARKET SEGMENTATION
Category
Options
Deployment Type
On-Premises, Cloud
By Image Dimension
2D, 3D, 4D
By Industry Vertical
Healthcare and Life Science, Manufacturing, Academia, Minerals, Metals, and Oil, Others
About Us: Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Défense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications Author’s Bio: Akshay Senior Market Research Expert at Business Market Insights
