Healthcare and Life science Segment to Dominate Middle East & Africa Image Analysis Software Market during 2019–2028

According to a new market research study on “Middle East & Africa 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$ 327.93 million by 2028 from US$ 199.75 million in 2021. The market is estimated to grow at a CAGR of 7.3% from 2021 to 2028. Surge in demand for image analysis-enabled security applications and products is the major factor driving the growth of the Middle East & Africa image analysis software market. However, high installation cost of image analysis solutions may hinder the growth of Middle East & Africa image analysis software market. The report provides trends prevailing in the Middle East & Africa image analysis software market along with the drivers and restraints pertaining to the market growth.

Turkey, Iran, South Africa, Iraq, Israel, Saudi Arabia, and UAE are a few countries in the Middle East & Africa with many COVID-19 cases and associated deaths. The region comprises several growing economies, such as the UAE and Saudi Arabia, which are prospective markets for image analysis software providers due to the huge presence of a diverse customer base for numerous industries. Currently, the Gulf countries are on the verge of adopting transformative digital technologies in various verticals to improve the socioeconomic conditions of these countries. However, due to the COVID-19 outbreak, the implementation of stringent measures, such as factory lockdowns, business shutdowns, and travel restrictions, aggravated the economic difficulties of the Middle Eastern & African countries.

The Middle East & Africa Image analysis software market segmented by deployment type, image dimension, industry vertical, and country. Based on deployment type, the Middle East & Africa image analysis software market is segmented into on-premises and cloud based. In 2020, the on-premise segment held the largest share Middle East & Africa image analysis software market. Based on the image dimension, the Middle East & Africa image analysis software market is segmented into 2D, 3D, and 4D. In 2020, the 2D segment held the largest share Middle East & Africa image analysis software market. Based on the industry vertical, the Middle East & Africa 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 Middle East & Africa image analysis software market. Similarly, based on country, the market is segmented into Saudi Arabia, UAE, South Africa, and rest of MEA. The UAE contributed a substantial share in 2020. 

Bio-Rad Laboratories, Inc; Carl Zeiss AG; CLEMEX TECHNOLOGIES INC.; Leica Microsystems; MEDIA CYBERNETICS, INC.; Olympus Corporation; PerkinElmer Inc.; and TISSUEGNOSTICS GMBH are among the leading companies in the Middle East & Africa 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com