Report : Europe Image Analysis Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment Type (On-Premises and Cloud), Image Dimension (2D, 3D, and 4D), and Industry Vertical (Healthcare & Life Sciences; Manufacturing; Academia; Minerals, Metals, and Oil; and Others)
2D Segment to Dominate Europe Image Analysis Software Market during 2019–2028
According to a new market research study on “Europe Image Analysis Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Deployment Type, Image Dimension, and Industry Vertical,” is expected to reach US$ 2,113.37 million by 2028 from US$ 1,062.94 million in 2021. The market is estimated to grow at a CAGR of 10.3% from 2021 to 2028. Surge in demand for cloud-powered image analysis solutions is the major factor driving the growth of the Europe image analysis software market. However, high installation cost of image analysis solutions may hinder the growth of Europe image analysis software market. The report provides trends prevailing in the Europe image analysis software market along with the drivers and restraints pertaining to the market growth.
Russia, the UK, France, Italy, Spain, and Germany are a few of the worst affected member states in Europe due to the COVID-19 outbreak. The European government realized that all businesses, irrespective of their size scale, required more assistance during the COVID-19 pandemic. This crisis impacts the business operation of both public and private companies in Europe. Businesses in the region face severe economic challenges as they either suspend their operations or substantially reduce their activities. Due to the business shutdown, the region witnessed an economic slowdown in the first half of 2021. Due to the COVID-19 outbreak, businesses in many European countries substantially reduced their activities, which further resulted in supply and demand disruptions of various image analysis-related solutions, thus affecting the revenues of several image analysis software companies present in the region. However, the software industry is less affected than other industries, such as automotive and manufacturing, since businesses have allowed their employees to work from home.
The Europe Image analysis software market segmented by deployment type, image dimension, industry vertical, and country. Based on deployment type, the Europe image analysis software market is segmented into on-premises and cloud based. In 2020, the on-premise segment held the largest share Europe image analysis software market. Based on the image dimension, the Europe image analysis software market is segmented into 2D, 3D, and 4D. In 2020, the 2D segment held the largest share Europe image analysis software market. Based on the industry vertical, the Europe 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 Europe image analysis software market. Similarly, based on country, the market is segmented into France, Germany, UK, Italy, Russia, and rest of Europe. Germany contributed a substantial share in 2020.
ADCIS SA; Bio-Rad Laboratories, Inc; Carl Zeiss AG; CLEMEX TECHNOLOGIES INC.; Leica Microsystems; MEDIA CYBERNETICS, INC.; MIPAR; MVTec Software GmbH; Olympus Corporation; Oxford Instruments; PerkinElmer Inc.; TISSUEGNOSTICS GMBH; and V7 Ltd are among the leading companies in the Europe Image Analysis Software Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, The Aphelion Imaging Software Suite was updated to version 4.5.0. The following new features are included in this release: Annotate Deep Learning Additional features in the Aphelion GUI.
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