Image Analysis Software Market Growth & Forecast Report 2028

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Image Analysis Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment Type (On-Premises and Cloud), Image Dimension (2D, 3D, and 4D), and Industry Vertical (Healthcare and Life Science, Manufacturing, Academia, Minerals, Metals and Oil, and Others)

Publication Month: Jan 2022 | Report Code: TIPRE00003045 | No. of Pages: 172 | Category: Technology, Media and Telecommunications | Status: Published

The image analysis software market is expected to grow from US$ 3,970.93 million in 2021 to US$ 7,672.16 million by 2028; it is estimated to grow at a CAGR of 9.9% from 2021 to 2028.

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.

Strategic Insights

Report Coverage - Image Analysis Software Market
Report CoverageDetails
Market Size Value inUS$ 3,970.93 million in 2021
Market Size Value byUS$ 7,672.16 million by 2028
Growth rateCAGR of 9.9% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
No. of Pages172
No. of Tables88
No. of Charts & Figures82
Historical data availableYes
Segments coveredDeployment Type, and Industry Vertical
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Image Analysis Software Market

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.

Lucrative Regions for Image Analysis Software Market

Lucrative Regions for Image Analysis Software Market

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Image Analysis Software Market Insight
Growing Demand for Image Analysis-Enabled Security Applications and Products

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.

Image Analysis Software Market - Deployment Type Segment Insights

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.

Image Analysis Software Market, by Deployment Type (% Share)

Image Analysis Software Market, by Deployment Type (% Share)

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Image Analysis Software Market - Image Dimension Segment Insights

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.

Image Analysis Software Market - Industry Vertical Segment Insights

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).

Image Analysis Software Market 

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.

Image Analysis Software Market – Company Profiles

  • Bio-Rad Laboratories, Inc.                 
  • Oxford Instruments          
  • Clemex Technologies, Inc.                  
  • Media Cybernetics, Inc.     
  • MIPAR Software LLC
  • Olympus Corporation               
  • Pax-it           
  • PerkinElmer, Inc.
  • TissueGnostics GmbH
  • Leica Microsystems GmbH
  • MVTec Software GmbH
  • Carl Zeiss AG
  • Scale AI, Inc.
  • Labelbox, Inc
  • V7 Ltd

Frequently Asked Questions

Growing demand for image analysis-enabled security applications and products
Increasing demand for image analysis in the automotive industry
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. Intelligence Retail, a supplier of computer vision and AI for merchandising solutions, uses IBM's cloud and analysis solution, which includes cutting-edge Graphics Processing Units (GPUs), to help businesses increase sales, lower audit costs, improve performance, and increase customer loyalty. For example, Trax and Google Cloud teamed in 2019 to use Google's cloud and edge computing technologies, as well as Trax's image recognition and machine learning capabilities, to successfully manage in-store inventory and every SKU on the shelf with actionable real-time insights. These strategies would promote the future growth of the image analysis market in the forecasted period.
The Image analysis software market is segmented into on-premises and cloud based on the deployment type. The global image analysis software market is dominated by on-premise segment in 2020, which accounted for more than ~ 60%.
Visual AI allows new and experienced users to effortlessly construct and deploy more accurate and explicable machine learning models with photos through community hardware. Computer vision will enable users to manipulate pictures as they would any other type of data. Enterprise AI systems automate the preparation, selection, and training of a wide range of cutting-edge deep learning models so that the optimal deployment model may be recommended. As social separation becomes the new normal, it's more important than ever to watch and monitor people's gatherings and movements. Standard Operating Procedures (SOPs) must be implemented and tracked in real-time by businesses. Employees can maintain safe, specified distances from one another throughout shifts while following conventional practices thanks to computer algorithms that evaluate data from on-site video cameras. Retailers may utilize AI and machine learning tools to keep track of the distances between their warehouse employees. When a divergence from typical behavior is detected, these tools issue real-time alerts., which in turn is likely to gain momentum for the image analysis software market over the forecasted period.
Key companies in the image analysis software market include ADCIS SA; Bio-Rad Laboratories, Inc.; Oxford Instruments; Clemex Technologies, Inc.; Media Cybernetics, Inc.; MIPAR Software LLC; Olympus Corporation; Pax-it; PerkinElmer, Inc.; TissueGnostics GmbH; Leica Microsystems GmbH; MVTec Software GmbH; Carl Zeiss AG; Scale AI, Inc.; Labelbox, Inc; and V7 Ltd.
North America held the largest market share in year 2020, along with the notable revenue generation opportunities in Europe and APAC.

The List of Companies - Image Analysis Software Market

  2. Bio-Rad Laboratories, Inc.                 
  3. Oxford Instruments          
  4. Clemex Technologies, Inc.                  
  5. Media Cybernetics, Inc.     
  6. MIPAR Software LLC
  7. Olympus Corporation               
  8. Pax-it           
  9. PerkinElmer, Inc.
  10. TissueGnostics GmbH
  11. Leica Microsystems GmbH
  12. MVTec Software GmbH
  13. Carl Zeiss AG
  14. Scale AI, Inc.
  15. Labelbox, Inc
  16. V7 Ltd
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