Image Analysis Software Market Growth & Forecast Report 2028
[Research Report] 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.
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Image Analysis Software Market: Strategic Insights
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 Forecast Period 2021-2028 Base Year 2021
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Image Analysis Software Market: Strategic Insights
| 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 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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.
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 - 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 Report Scope
Image Analysis Software Market – Company Profiles
- 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
- V7 Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment Type, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America held the largest market share in year 2020, along with the notable revenue generation opportunities in Europe and APAC.
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.
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.
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.
Growing demand for image analysis-enabled security applications and products
Increasing demand for image analysis in the automotive industry
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Image Analysis Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Image Analysis Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing demand for image analysis-enabled security applications and products
5.1.2 Increasing demand for image analysis in the automotive industry
5.2 Market Restraints
5.2.1 High installation cost of image analysis solutions
5.3 Market Opportunities
5.3.1 Increasing demand for cloud-powered image analysis solutions
5.4 Future Trends
5.4.1 Emergence of Image Analysis software for Ensuring Public and Workplace Safety
5.5 Impact Analysis of Drivers And Restraints
6. Image Analysis Software – Global Market Analysis
6.1 Global Image Analysis Software Market Overview
6.2 Global Image Analysis Software Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Image Analysis Software Market – By Deployment Type
7.1 Overview
7.2 Image Analysis Software Market, By Deployment Type (2020 and 2028)
7.3 On-Premises
7.3.1 Overview
7.3.2 On-Premises: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
8. Image Analysis Software Market – By Image Dimension
8.1 Overview
8.2 Image Analysis Software Market, By Image Dimension (2020 and 2028)
8.3 2D
8.3.1 Overview
8.3.2 2D: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
8.4 3D
8.4.1 Overview
8.4.2 3D: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
8.5 4D
8.5.1 Overview
8.5.2 4D: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
9. Image Analysis Software Market – By Industry Vertical
9.1 Overview
9.2 Image Analysis Software Market, By Industry Vertical (2020 and 2028)
9.3 Healthcare and Life Science
9.3.1 Overview
9.3.2 Healthcare and Life Science: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Manufacturing
9.4.1 Overview
9.4.2 Manufacturing: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Academia
9.5.1 Overview
9.5.2 Academia: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Minerals, Metals and Oil
9.6.1 Overview
9.6.2 Minerals, Metals and Oil: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10. Image Analysis Software Market – Geographic Analysis
10.1 Overview
10.2 North America: Image Analysis Software Market
10.2.1 North America: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Image Analysis Software Market, By Deployment type
10.2.3 North America: Image Analysis Software Market, By Image dimension
10.2.4 North America: Image Analysis Software Market, By Industry vertical
10.2.5 North America: Image Analysis Software Market, By Key Country
10.2.5.1 US: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Image Analysis Software Market, By Deployment type
10.2.5.1.2 US: Image Analysis Software Market, By Image dimension
10.2.5.1.3 US: Image Analysis Software Market, By Industry vertical
10.2.5.2 Canada: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Image Analysis Software Market, By Deployment type
10.2.5.2.2 Canada: Image Analysis Software Market, By Image dimension
10.2.5.2.3 Canada: Image Analysis Software Market, By Industry vertical
10.2.5.3 Mexico: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Image Analysis Software Market, By Deployment type
10.2.5.3.2 Mexico: Image Analysis Software Market, By Image dimension
10.2.5.3.3 Mexico: Image Analysis Software Market, By Industry vertical
10.3 Europe: Image Analysis Software Market
10.3.1 Europe: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Image Analysis Software Market, By Deployment type
10.3.3 Europe: Image Analysis Software Market, By Image dimension
10.3.4 Europe: Image Analysis Software Market, By Industry vertical
10.3.5 Europe: Image Analysis Software Market, By Key Country
10.3.5.1 Germany: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Image Analysis Software Market, By Deployment type
10.3.5.1.2 Germany: Image Analysis Software Market, By Image dimension
10.3.5.1.3 Germany: Image Analysis Software Market, By Industry vertical
10.3.5.2 UK: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 UK: Image Analysis Software Market, By Deployment type
10.3.5.2.2 UK: Image Analysis Software Market, By Image dimension
10.3.5.2.3 UK: Image Analysis Software Market, By Industry vertical
10.3.5.3 France: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 France: Image Analysis Software Market, By Deployment type
10.3.5.3.2 France: Image Analysis Software Market, By Image dimension
10.3.5.3.3 France: Image Analysis Software Market, By Industry vertical
10.3.5.4 Italy: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 Italy: Image Analysis Software Market, By Deployment type
10.3.5.4.2 Italy: Image Analysis Software Market, By Image dimension
10.3.5.4.3 Italy: Image Analysis Software Market, By Industry vertical
10.3.5.5 Russia: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Image Analysis Software Market, By Deployment type
10.3.5.5.2 Russia: Image Analysis Software Market, By Image dimension
10.3.5.5.3 Russia: Image Analysis Software Market, By Industry vertical
10.3.5.6 Rest of Europe: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Image Analysis Software Market, By Deployment type
10.3.5.6.2 Rest of Europe: Image Analysis Software Market, By Image dimension
10.3.5.6.3 Rest of Europe: Image Analysis Software Market, By Industry vertical
10.4 APAC: Image Analysis Software Market
10.4.1 APAC: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Image Analysis Software Market, By Deployment type
10.4.3 APAC: Image Analysis Software Market, By Image dimension
10.4.4 APAC: Image Analysis Software Market, By Industry vertical
10.4.5 APAC: Image Analysis Software Market, By Key Country
10.4.5.1 China: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Image Analysis Software Market, By Deployment type
10.4.5.1.2 China: Image Analysis Software Market, By Image dimension
10.4.5.1.3 China: Image Analysis Software Market, By Industry vertical
10.4.5.2 Japan: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 Japan: Image Analysis Software Market, By Deployment type
10.4.5.2.2 Japan: Image Analysis Software Market, By Image dimension
10.4.5.2.3 Japan: Image Analysis Software Market, By Industry vertical
10.4.5.3 India: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Image Analysis Software Market, By Deployment type
10.4.5.3.2 India: Image Analysis Software Market, By Image dimension
10.4.5.3.3 India: Image Analysis Software Market, By Industry vertical
10.4.5.4 South Korea: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 South Korea: Image Analysis Software Market, By Deployment type
10.4.5.4.2 South Korea: Image Analysis Software Market, By Image dimension
10.4.5.4.3 South Korea: Image Analysis Software Market, By Industry vertical
10.4.5.5 Australia: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 Australia: Image Analysis Software Market, By Deployment type
10.4.5.5.2 Australia: Image Analysis Software Market, By Image dimension
10.4.5.5.3 Australia: Image Analysis Software Market, By Industry vertical
10.4.5.6 Rest of APAC: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Image Analysis Software Market, By Deployment type
10.4.5.6.2 Rest of APAC: Image Analysis Software Market, By Image dimension
10.4.5.6.3 Rest of APAC: Image Analysis Software Market, By Industry vertical
10.5 MEA: Image Analysis Software Market
10.5.1 MEA: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Image Analysis Software Market, By Deployment type
10.5.3 MEA: Image Analysis Software Market, By Image dimension
10.5.4 MEA: Image Analysis Software Market, By Industry vertical
10.5.5 MEA: Image Analysis Software Market, By Key Country
10.5.5.1 South Africa: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Image Analysis Software Market, By Deployment type
10.5.5.1.2 South Africa: Image Analysis Software Market, By Image dimension
10.5.5.1.3 South Africa: Image Analysis Software Market, By Industry vertical
10.5.5.2 UAE: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 UAE: Image Analysis Software Market, By Deployment type
10.5.5.2.2 UAE: Image Analysis Software Market, By Image dimension
10.5.5.2.3 UAE: Image Analysis Software Market, By Industry vertical
10.5.5.3 Saudi Arabia: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 Saudi Arabia: Image Analysis Software Market, By Deployment type
10.5.5.3.2 Saudi Arabia: Image Analysis Software Market, By Image dimension
10.5.5.3.3 Saudi Arabia: Image Analysis Software Market, By Industry vertical
10.5.5.4 Rest of MEA: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Image Analysis Software Market, By Deployment type
10.5.5.4.2 Rest of MEA: Image Analysis Software Market, By Image dimension
10.5.5.4.3 Rest of MEA: Image Analysis Software Market, By Industry vertical
10.6 SAM: Image Analysis Software Market
10.6.1 SAM: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Image Analysis Software Market, By Deployment type
10.6.3 SAM: Image Analysis Software Market, By Image dimension
10.6.4 SAM: Image Analysis Software Market, By Industry vertical
10.6.5 SAM: Image Analysis Software Market, By Key Country
10.6.5.1 Brazil: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Image Analysis Software Market, By Deployment type
10.6.5.1.2 Brazil: Image Analysis Software Market, By Image dimension
10.6.5.1.3 Brazil: Image Analysis Software Market, By Industry vertical
10.6.5.2 Argentina: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Image Analysis Software Market, By Deployment type
10.6.5.2.2 Argentina: Image Analysis Software Market, By Image dimension
10.6.5.2.3 Argentina: Image Analysis Software Market, By Industry vertical
10.6.5.3 Rest of SAM: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Image Analysis Software Market, By Deployment type
10.6.5.3.2 Rest of SAM: Image Analysis Software Market, By Image dimension
10.6.5.3.3 Rest of SAM: Image Analysis Software Market, By Industry vertical
11. Image analysis software Market - Covid-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of Covid-19 Pandemic
11.3 Europe: Impact Assessment of Covid-19 Pandemic
11.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
11.6 South America Impact Assessment of Covid-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 ADCIS SA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bio-Rad Laboratories, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Oxford Instruments
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 CLEMEX TECHNOLOGIES INC.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 MEDIA CYBERNETICS, INC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 MIPAR
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Olympus Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 PAX-IT
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 PerkinElmer Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TISSUEGNOSTICS GMBH
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Leica Microsystems
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 MVTec Software GmbH
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Carl Zeiss AG
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Scale AI, Inc.
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Labelbox, Inc
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16 V7 Ltd
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Global Image Analysis Software Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Image Analysis Software Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Image Analysis Software Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 22. UK: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 23. UK: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 24. UK: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 25. France: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 26. France: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 27. France: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 28. Italy: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Italy: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 30. Italy: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 38. APAC: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 39. APAC: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 40. APAC: Image Analysis Software Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 42. China: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 43. China: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 44. Japan: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Japan: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Image Analysis Software Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 68. UAE: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 69. Saudi Arabia: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 70. Saudi Arabia: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 71. Saudi Arabia: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM: Image Analysis Software Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Image Analysis Software Market, By Deployment type – Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Image Analysis Software Market, By Image dimension – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Image Analysis Software Market, By Industry vertical – Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Image Analysis Software Market Segmentation
Figure 2. Image Analysis Software Market Segmentation – By Geography
Figure 3. Global Image analysis software Market Overview
Figure 4. Image Analysis Software Market, By Deployment type
Figure 5. Image Analysis Software Market, By Image dimension
Figure 6. Image Analysis Software Market, By Industry vertical
Figure 7. Image Analysis Software Market, By Geography
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia-Pacific – PEST Analysis
Figure 11. Middle East and Africa – PEST Analysis
Figure 12. South America – PEST Analysis
Figure 13. Image analysis software Market- Ecosystem Analysis
Figure 14. Image analysis software Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Image Analysis Software Market
Figure 16. Global Image Analysis Software Market Revenue Forecast and Analysis (US$ Million)
Figure 17. Image Analysis Software Market Revenue Share, by Deployment type (2020 and 2028)
Figure 18. on-premises: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Cloud: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Image Analysis Software Market Revenue Share, by Image Dimension (2020 and 2028)
Figure 21. 2D: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. 3D: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. 4D: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Image Analysis Software Market Revenue Share, by Industry Vertical (2020 and 2028)
Figure 25. Healthcare and Life Science: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Manufacturing: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Academia: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Minerals, Metals and Oil: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Others: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Global Image Analysis Software Market Revenue Share, By Region (2020 and 2028)
Figure 31. North America: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Image Analysis Software Market Revenue Share, By Deployment type (2020 and 2028)
Figure 33. North America: Image Analysis Software Market Revenue Share, by Image dimension (2020 and 2028)
Figure 34. North America: Image Analysis Software Market Revenue Share, by Industry vertical (2020 and 2028)
Figure 35. North America: Image Analysis Software Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. US: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Image Analysis Software Market Revenue Share, By Deployment type (2020 and 2028)
Figure 41. Europe: Image Analysis Software Market Revenue Share, by Image dimension (2020 and 2028)
Figure 42. Europe: Image Analysis Software Market Revenue Share, by Industry vertical (2020 and 2028)
Figure 43. Europe: Image Analysis Software Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. Germany: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. France: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Italy: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Russia: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Europe: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. APAC: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. APAC: Image Analysis Software Market Revenue Share, By Deployment type (2020 and 2028)
Figure 52. APAC: Image Analysis Software Market Revenue Share, by Image dimension (2020 and 2028)
Figure 53. APAC: Image Analysis Software Market Revenue Share, by Industry vertical (2020 and 2028)
Figure 54. APAC: Image Analysis Software Market Revenue Share, by Key Country (2020 and 2028)
Figure 55. China: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Japan: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. India: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. South Korea: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Australia: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of APAC: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. MEA: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Image Analysis Software Market Revenue Share, By Deployment type (2020 and 2028)
Figure 63. MEA: Image Analysis Software Market Revenue Share, by Image dimension (2020 and 2028)
Figure 64. MEA: Image Analysis Software Market Revenue Share, by Industry vertical (2020 and 2028)
Figure 65. MEA: Image Analysis Software Market Revenue Share, by Key Country (2020 and 2028)
Figure 66. South Africa: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. UAE: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Saudi Arabia: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of MEA: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. SAM: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. SAM: Image Analysis Software Market Revenue Share, By Deployment type (2020 and 2028)
Figure 72. SAM: Image Analysis Software Market Revenue Share, by Image dimension (2020 and 2028)
Figure 73. SAM: Image Analysis Software Market Revenue Share, by Industry vertical (2020 and 2028)
Figure 74. SAM: Image Analysis Software Market Revenue Share, by Key Country (2020 and 2028)
Figure 75. Brazil: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of SAM: Image Analysis Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of Covid-19 Pandemic in North American Country Markets
Figure 79. Impact of Covid-19 Pandemic in Europe Country Markets
Figure 80. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
Figure 81. Impact of Covid-19 Pandemic in Middle East & Africa Country Markets
Figure 82. Impact of Covid-19 Pandemic in South America Country Markets
The List of Companies - Image Analysis Software Market
- 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
- V7 Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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