Publication Month: Jan 2022 | Report Code: TIPRE00003045 | No. of Pages: 172 | Category: Technology, Media and Telecommunications | Status: Published
Image analysis software market, often known as imagery analysis market, aids in the extraction of valuable data from pictures, mostly digital images, using digital image processing techniques. Image analysis tasks can range from as simple as scanning barcoded tags to as complex as facial recognition of a person. Computers are required to process vast volumes of data, jobs requiring complicated computing, and the extraction of quantitative data. When a computer or electrical equipment analyzes a picture to extract usable information, it is known as digital image analysis or computer image analysis. It incorporates pattern recognition, digital geometry, and signal processing into the domains of computer or machine vision and medical imaging.
Image analysis software applications powered by Artificial Intelligence (AI) and Machine Learning (ML) redefine the automotive industry. It is now being used in the automobile manufacturing industry in design, supply chain, production, and post-production. Furthermore, AI and machine learning are being used in 'driving assistance' and 'driver risk assessment' systems, revolutionizing the transportation industry. Artificial intelligence is also changing various aftermarket services, such as predictive maintenance and insurance. In the automobile business, machine learning has resulted in developing new intelligent products and improved working methods.
Finding forms, recognizing edges, reducing noise, counting objects, and generating statistics for texture analysis or picture quality are all examples of image analysis tasks. It is the quantitative or qualitative characterization of digital pictures in two dimensions (2D) or three dimensions (3D), wherein computer vision analyzes 2D pictures, while medical imaging analyzes 3D images. The image analysis software is widely used in the microscopes image analysis and study the scientific images. The image analysis software market growth is mainly driven by the vast adoption of the software in the healthcare and life science industry.
|Market Size Value in||US$ 3,970.93 million in 2021|
|Market Size Value by||US$ 7,672.16 million by 2028|
|Growth rate||CAGR of 9.9% from 2021 to 2028|
|No. of Pages||172|
|No. of Tables||88|
|No. of Charts & Figures||82|
|Historical data available||Yes|
|Segments covered||Deployment Type, and Industry Vertical|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The COVID-19 pandemic has benefited the image analysis software market. Businesses face new challenges due to the COVID-19 pandemic and the development of remote work environments. The COVID-19 outbreak has highlighted the necessity of companies in various industries to adopt digital technologies and leverage the potential of image analysis software market solutions and services to optimize operations and costs, which will further increase ROI on IT tools. Further, the pandemic arrival in 2020 prompted a slew of challenges for global image analysis software market operations. Healthcare infrastructures in developed economies is collapsed due to the rising cases of COVID-19. Therefore, public healthcare emergency requires the government and market players to intervene and assist in the revival of image analysis software market operations and revenue through collaborative efforts of research and development initiatives undertaken to recover the losses during the forecast period. In addition, the increased investments bode well for the image analysis software market in the following years.
Companies have started to see the potential for deriving resources from unstructured data. They can use photos or videos to create a unique and engaging consumer experience in retail, entertainment, insurance claims, and other industries. Image analysis is used to support an increasing number of corporate use cases. These practical applications of deep learning and image analysis result from advancements in machine learning algorithms, the availability of datasets, and the existence of robust technology with platforms that allow real-time processing. Many airports in the United States are upgrading their equipment to enable biometrics such as finger or iris scanning as an alternative security screening technique. Companies anticipate significantly increasing capacity by deploying image analysis technology to transfer passengers from arrival through security to their departure gate.
Based on deployment, the image analysis software market is bifurcated into on-premises and cloud. On-premises software is installed and operated on computers on the user's or organization's premises rather than at a remote facility, such as a server farm or cloud. As on-premise software provides better flexibility, stability, and security, several market players are now selling on-premises software. For instance, On-Premises Imagga's visual AI solutions are available for full deployment on a company's private, local servers. Data-sensitive organizations may use Imagga's award-winning visual A.I. technology to perform auto-tagging, auto-categorizing, color extraction, custom training, and facial recognition while remaining fully compliant with privacy laws and regulations.
Based on image dimension, the image analysis software market is segmented into 2D, 3D, and 4D. 2D image is created by using the x and y-axis. Traditionally, 2D images have been used as a source of animation and video. It is an older technology with a long history, yet it is still a classic for a reason. These images are simple, visually appealing, and easy to consume without being too overwhelming or disturbing to customers. 2D images are common in animation and video games because they provide a realistic yet flat perspective of movement on the screen. Thus, several businesses in the industry are now offering software to analyze 2D photos. For instance, Image-Pro Plus 2D Image Analysis Software by Media Cybernetics, Inc. helps simply gather photographs, count, measure, and classify items, and automate the job. Microscope control, image capture, measurement, count/size, and macro development capabilities are all included in this software package.
Based on industry vertical, the image analysis software market is segmented into healthcare and life science, manufacturing, academia, minerals, metals and oil, and others. In medical industry, image analysis software is useful in various fields such as neurology, cardiology, orthopedics, dentistry, and oncology. The software can read images created by X-rays, MRIs, CT scans, PET scans, and ultrasounds. As a result, processes can be automated and accelerated to avoid manual work and save time. The software may learn to recognize specific features in these photographs, making the diagnosis procedure quick and accurate. Medical image processing software has a lot of capabilities. AI-based solutions detect irregularities and potentially dangerous anomalies and also show if the patient is dealing with cancer or a benign tumor. The software can read 3D and so-called 4D photos in addition to regular 2D images (ones that display changes in time).
The image analysis software market players focus on new product innovations and developments by integrating advanced technologies and features to compete. In October 2021, Clemex Vision included unique instructions for martensitic, ferritic, and austenitic grains, as well as ML capabilities. These new automatic methods have been added into the existing software's toolbox to provide a quick and accurate technique of visually identifying difficult microstructures.
Based on deployment type, the image analysis software market is bifurcated into on-premises and cloud. Based on image dimension, the image analysis software market is segmented into 2D, 3D, and 4D. By industry vertical, the image analysis software market is segmented into healthcare and life science, manufacturing, academia, minerals, metals and oil, and others. Based on region, the global image analysis software market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.