The digital image processing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Digital Image Processing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The digital image processing market size has grown exponentially in recent years. It will grow from $6.79 billion in 2023 to $8.34 billion in 2024 at a compound annual growth rate (CAGR) of 22.8%. The growth in the historic period can be attributed to expansion into emerging markets, advancements in ai and ml in digital image processing, increasing demand for high-quality visual data, expansion of augmented reality (AR) and virtual reality (VR), expanding e-commerce and retail applications.
The digital image processing market size is expected to see exponential growth in the next few years. It will grow to $19.27 billion in 2028 at a compound annual growth rate (CAGR) of 23.3%. The growth in the forecast period can be attributed to increasing demand for automated and real-time image processing, increasing rate of mobile usage, real-time processing with edge computing, increasing use of digital cameras and smartphones, and demand for high-resolution imaging. Major trends in the forecast period include advancements in ai and machine learning, advancements in 3d imaging, advanced image enhancement techniques, advancements in semantic segmentation, advancements in biometric identification systems.
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Scope Of Digital Image Processing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Digital Image Processing Market Overview
Market Drivers –
The increasing demand for high-quality visual data is expected to propel the growth of the digital image processing market going forward. Visual data is the graphical representation of information and data using various visual elements such as charts, graphs, maps, and other visual tools. The increase in demand for high-quality visual data is due to visual content’s growing importance, immersive technologies’ emergence, and enhanced data analysis and insights. Digital image processing techniques collectively aim to improve digital images’ clarity, detail, and usefulness by reducing noise, correcting distortions, and extracting relevant features or patterns. By employing algorithms and computational methods, digital image processing enables the analysis, interpretation, and extraction of valuable insights from visual data, facilitating applications across diverse industries such as healthcare, automotive, entertainment, and surveillance. For instance, in May 2023, according to a report published by Datanami, a US-based big data news portal, the customer base of Tableau, a data visualization software grew from 121,000 in 2021 to over 126,000 by 2022. Therefore, increasing demand for high-quality visual data is driving the growth of the digital image processing market.
Market Trends –
Major companies operating in the digital image processing market are developing innovative techniques such as holographic digital image processing software, to advance image processing capabilities. holographic digital image processing software works on the channel attention mechanism processing method in machine learning that selectively enhances or suppresses different channels of features based on their importance for a given task. For instance, in March 2023, WiMi Hologram Cloud Inc., a China-based augmented reality solution provider, developed a holographic digital image processing software based on visual saliency and channel attention mechanisms. The software enhances image processing for intelligent holographic systems and finds applications in various fields such as face recognition, AR/VR, healthcare, smart cities, industrial inspection, agriculture, robotics, and security. The software optimizes image processing efficiency and accuracy by leveraging attention mechanisms, including channel attention and visual saliency.
The digital image processing market covered in this report is segmented –
1) By Component: Software, Services
2) By Application: Visual Product Search, Object Recognition, Vision Analytics, Other Applications
3) By End-Use Industry: Healthcare, Automobile And Transportation, Banking, Financial Services, And Insurance (BFSI), Retail And E-Commerce, Other End-Use Industries
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Regional Insights –
Europe was the largest region in the digital image processing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital image processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the digital image processing market are Nvidia Corporation, Canon Inc, Samsung Electronics Co Ltd, Panasonic Corporation, Cognex Corporation, Teledyne Technologies Inc, International Business Machines Corporation (IBM), Microsoft Corporation, Vegavid Technology Private Limited, Visionaryai, Nikon Corporation, Seiko Epson Corporation, Adobe Inc, Intel Corporation, Sony Corporation, Google LLC, Apple Inc, Fujitsu Limited, Olympus Corporation, Hewlett Packard Enterprise Company, Toshiba Corporation, Oracle Corporation, SAP SE, Autodesk Inc, Corel Corporation, CyberLink Corp, DXO Labs, Phase One A/S, Ricoh Company Ltd, Red Digital Cinema
Table of Contents
1. Executive Summary
2. Digital Image Processing Market Report Structure
3. Digital Image Processing Market Trends And Strategies
4. Digital Image Processing Market – Macro Economic Scenario
5. Global Digital Image Processing Market Size and Growth
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32. Global Digital Image Processing Market Competitive Benchmarking
33. Global Digital Image Processing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Image Processing Market
35. Digital Image Processing Market Future Outlook and Potential Analysis
36. Appendix
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