On-Premises Segment to Dominate North America Image Analysis Software Market during 2019–2028

According to a new market research study on “North America 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$ 2,646.18 million by 2028 from US$ 1,433.45 million in 2021. The market is estimated to grow at a CAGR of 9.2% from 2021 to 2028. Increasing demand for image analysis in the automotive industry is the major factor driving the growth of the North America image analysis software market. However, high installation cost of image analysis solutions may hinder the growth of North America image analysis software market. The report provides trends prevailing in the North America image analysis software market along with the drivers and restraints pertaining to the market growth.

Progress in vaccination programs and reopening of businesses are anticipated to fuel the demand for image analysis software in the coming years. While the first half of 2020 led to reduced sales revenue due to the lockdown and halted operations of several industries, the second half of 2020 witnessed a massive surge in online sales. Market players are investing in customer experience management technologies to boost sales and generate revenues. There is an increasing trend of using artificial intelligence, cloud technology, edge computing, machine learning, and Internet of things (IoT) technology in North America. Further, the advent of 5G technology, combined with IoT, is expected to create opportunities in maximizing efficiency and minimizing wastage of resources across various industry verticals. Thus, the post-COVID - 19 image analysis software market is expected to grow at a significant pace.

The North America Image analysis software market segmented by deployment type, image dimension, industry vertical, and country. 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. Similarly, based on country, the market is segmented into US, Canada, and Mexico. The US contributed a substantial share in 2020. 

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 are among the leading companies in the North America 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, CLEMEX VISION 9 RELEASED- now includes unique instructions for martensitic, ferritic, and austenitic grains, as well as ML capabilities.

North America Image Analysis Software Market, By Country, 2020 and 2028 (%) 

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