Healthcare and Life science Segment to Dominate South America Image Analysis Software Market during 2019–2028

According to a new market research study on “South 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$ 688.12 million by 2028 from US$ 390.32 million in 2021. The market is estimated to grow at a CAGR of 8.4% from 2021 to 2028. Increasing demand for cloud-powered image analysis solutions is the major factor driving the growth of the South America image analysis software market. However, high installation cost of image analysis solutions may hinder the growth of South America image analysis software market. The report provides trends prevailing in the South America image analysis software market along with the drivers and restraints pertaining to the market growth.

The presence of various developing countries in South America makes it one of the key markets for the growth of the image analysis software market. The growing population, rising disposable income, high demand for advanced technologies, and a huge focus on digital transformation are a few of the key factors expected to drive the growth of the image analysis software market in South America. The high number of COVID-19 cases and associated deaths in major South American countries, such as Brazil, Peru, Chile, Ecuador, and Argentina, have slightly affected the market demand in 2020. After the emergence of the COVID-19 pandemic, IT & software businesses have grown in several South American countries due to digital acceleration, and the need for remote work has boosted the market growth during the pandemic. Thus, the image analysis software market was not majorly affected by the COVID-19 pandemic.

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

ADCIS SA ;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 South 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, 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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