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)
The image analysis software market in Europe is expected to grow from US$ 1,062.94 million in 2021 to US$ 2,113.37 million by 2028; it is estimated to grow at a CAGR of 10.3% from 2021 to 2028.
Artificial Intelligence (AI) is becoming the next significant technology in digital transformation. AWS, Microsoft, and Google are investing in improving their image analysis software solutions for better in-store and online retail performance. Due to the onset of the COVID-19 pandemic, demand for cloud-based services has increased even more. These factors are expected to support the growth of the image analysis software market during the forecast period.
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.
Europe Image Analysis Software Market Revenue and Forecast to 2028 (US$ Million)
Europe Image Analysis Software Market Segmentation
Europe Image Analysis Software Market - By Deployment Type
On-Premises Cloud
Europe Image Analysis Software Market - By Image Dimension
2D 3D 4DEurope Image Analysis Software Market - By Industry Vertical
Healthcare & Life science Manufacturing Academia Minerals, Metals, and Oil Others
Europe Image Analysis Software Market- By Country
France Germany The UK Italy Russia The Rest of Europe Europe Image Analysis Software Market-Companies Mentioned
ADCIS SA Bio-Rad Laboratories, Inc Carl Zeiss AG CLEMEX TECHNOLOGIES INC. Leica Microsystems MEDIA CYBERNETICS, INC. MIPAR MVTec Software Gmb H Olympus Corporation Oxford Instruments Perkin Elmer Inc. TISSUEGNOSTICS GMBH V7 Ltd
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