The Global Digital Image Processing Market size is expected to reach $19.6 billion by 2030, rising at a market growth of 19.1% CAGR during the forecast period.
The increasing need for digital image processing in the healthcare sector indicates a more extensive pattern toward technology-driven progress to optimize healthcare delivery, enhance diagnostic precision, and improve patient care. Consequently, the healthcare segment would generate approximately 25.90% share of the market by 2030. It is anticipated that as technology progresses, additional advancements in digital image processing will have a growing significance in influencing the trajectory of healthcare. Some of the factors affecting the market are advancements in AI and ML in digital image processing, increasing rate of mobile usage, and high initial cost of digital image processing.
Advancements in AI and machine learning have significantly transformed the landscape of digital image processing, revolutionizing how visual data is analyzed, interpreted, and utilized across various industries. These advancements have led to several significant developments within the market. Therefore, integrating AI and ML in the market is driving the demand for the market. Moreover, Smartphones are equipped with increasingly sophisticated cameras capable of capturing high-resolution images. This surge in image quality has expanded the scope for digital image processing techniques as more detailed visual data is available to analyze and manipulate. There's a proliferation of consumer-oriented image editing apps and software available on smartphones. Hence, the increasing rate of mobile usage is driving the growth of the market.
However, the installation price of digital image processing systems can be perceived as relatively high due to various factors, the costs can vary based on the system's complexity, the specific requirements of the application, and the technology employed. Deploying quality cameras and sensors essential for capturing and processing high-resolution images or videos can incur significant costs. Therefore, the high initial cost is hindering the growth of the market.
Application Outlook
On the basis of application, the market is segmented into visual product search, object recognition, vision analytics, and others. The object recognition segment recorded the largest revenue share in the market in 2022. The substantial market share can be ascribed to the escalating need for object recognition technology in various sectors and implementations. For instance, it can be used in retail to manage inventory, monitor shelves, and analyze customer behavior. Object recognition can improve quality control, detect defects, and automate assembly operations in manufacturing. Object recognition is important for advanced driver-assistance systems and self-driving vehicles in automotive. Therefore, the usage of object recognition in various industries is driving the segment's growth.
Component Outlook
Based on components, the market is bifurcated into software and services. The services segment attained a substantial revenue share in the market in 2022. Consulting services are in demand due to increased expert guidance and strategic advice requirements. Many organizations prefer to outsource these tasks to expert service providers who can deliver constant results and adapt to evolving requirements. Furthermore, services often offer a cost-effective approach, eliminating the necessity for in-house development and maintenance of image processing solutions.
End Use Outlook
Based on end-use, the market is categorized into healthcare, automobile & transportation, BFSI, retail & e-commerce, and others. In 2022, the retail and e-commerce segment registered the highest revenue share in the market. The retail and e-commerce sectors have surged significantly, largely driven by the need for enhanced visual content, improved customer experiences, and streamlined operations. Digital image processing technologies have become pivotal in online retail, increasing sales, better customer engagement, and operational efficiency. Therefore, the requirement for better customer experience is driving the segment demand.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated a substantial revenue share in the market in 2022. The Asia-Pacific region has diverse and burgeoning industries, including healthcare, manufacturing, agriculture, entertainment, retail, and more. These industries are increasingly adopting digital image processing for various applications like quality control, healthcare diagnosis, manufacturing automation, precision agriculture, and enhancing customer experiences in the retail and entertainment sectors.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include NVIDIA Corporation, Canon, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Holdings Corporation, Cognex Corporation, Teledyne Technologies, Inc., IBM Corporation, Microsoft Corporation, Nikon Corporation, Seiko Epson Corporation.
Strategies Deployed in Digital Image Processing Market
Sep-2023: Cognex Corporation introduced the 'In-Sight SnAPP Vision Sensor'. The In-Sight SnAPP Vision Sensor brings heightened levels of precision, ease, and functionality to industrial sensors.
Sep-2023: Cognex Corporation took over Moritex Corporation, an industrial machinery manufacturing company. Through this acquisition, Cognex Corporation would enhance its imaging solutions and would bolster machine vision optics.
May-2023: NVIDIA Corporation came into partnership with WPP, an advertising services company. Through this partnership, NVIDIA Corporation would develop a content engine for digital advertising empowered by generative AI.
Nov-2022: Nikon Corporation introduces the ""LuFact A2000,"" a newly unveiled ultra-compact intelligent camera. The ""LuFact A2000"" employs the AI processing unit ""LuFact A2000-G"" and integrates seamlessly with the camera heads from the LuFact series.
Apr-2022: Canon, Inc. came into partnership with Integrated Solutions Limited, a software development company in Hong Kong. Through this partnership, Canon, Inc. would deliver digital transformation to various industries.
Dec-2020: Teledyne Technologies, Inc. Introduced 'SaperaTM Vision Software'. The Sapera Vision Software package comprises Sapera Processing along with the innovative AstrocyteTM visual application designed for artificial intelligence (AI). Additionally, the software package provides image processing and artificial intelligence capabilities for creating, designing, and implementing high-performance machine vision applications.
May-2020: Microsoft Corporation came into partnership with Sony Semiconductor Solutions, an imaging and sensing solution company in Israel. Through this partnership, Microsoft Corporation would develop intelligent camera solutions tailored for corporate clients.
Scope of the Study
Market Segments covered in the Report:
By Application
- Object Recognition
- Vision Analytics
- Visual Product Search
- Others
By Component
By End Use
- Retail & E-commerce
- Healthcare
- BFSI
- Automobile & Transportation
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- NVIDIA Corporation
- Canon, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Panasonic Holdings Corporation
- Cognex Corporation
- Teledyne Technologies, Inc.
- IBM Corporation
- Microsoft Corporation
- Nikon Corporation
- Seiko Epson Corporation
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Digital Image Processing Market, by Application
- 1.4.2 Global Digital Image Processing Market, by Component
- 1.4.3 Global Digital Image Processing Market, by End Use
- 1.4.4 Global Digital Image Processing Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market At a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Digital Image Processing Market
Chapter 5. Global Digital Image Processing Market by Application
- 5.1 Global Object Recognition Market by Region
- 5.2 Global Vision Analytics Market by Region
- 5.3 Global Visual Product Search Market by Region
- 5.4 Global Others Market by Region
Chapter 6. Global Digital Image Processing Market by Component
- 6.1 Global Software Market by Region
- 6.2 Global Services Market by Region
Chapter 7. Global Digital Image Processing Market by End-use
- 7.1 Global Retail & E-commerce Market by Region
- 7.2 Global Healthcare Market by Region
- 7.3 Global BFSI Market by Region
- 7.4 Global Automobile & Transportation Market by Region
- 7.5 Global Others Market by Region
Chapter 8. Global Digital Image Processing Market by Region
- 8.1 North America Digital Image Processing Market
- 8.1.1 North America Digital Image Processing Market by Application
- 8.1.1.1 North America Object Recognition Market by Country
- 8.1.1.2 North America Vision Analytics Market by Country
- 8.1.1.3 North America Visual Product Search Market by Country
- 8.1.1.4 North America Others Market by Country
- 8.1.2 North America Digital Image Processing Market by Component
- 8.1.2.1 North America Software Market by Country
- 8.1.2.2 North America Services Market by Country
- 8.1.3 North America Digital Image Processing Market by End-use
- 8.1.3.1 North America Retail & E-commerce Market by Country
- 8.1.3.2 North America Healthcare Market by Country
- 8.1.3.3 North America BFSI Market by Country
- 8.1.3.4 North America Automobile & Transportation Market by Country
- 8.1.3.5 North America Others Market by Country
- 8.1.4 North America Digital Image Processing Market by Country
- 8.1.4.1 US Digital Image Processing Market
- 8.1.4.1.1 US Digital Image Processing Market by Application
- 8.1.4.1.2 US Digital Image Processing Market by Component
- 8.1.4.1.3 US Digital Image Processing Market by End-use
- 8.1.4.2 Canada Digital Image Processing Market
- 8.1.4.2.1 Canada Digital Image Processing Market by Application
- 8.1.4.2.2 Canada Digital Image Processing Market by Component
- 8.1.4.2.3 Canada Digital Image Processing Market by End-use
- 8.1.4.3 Mexico Digital Image Processing Market
- 8.1.4.3.1 Mexico Digital Image Processing Market by Application
- 8.1.4.3.2 Mexico Digital Image Processing Market by Component
- 8.1.4.3.3 Mexico Digital Image Processing Market by End-use
- 8.1.4.4 Rest of North America Digital Image Processing Market
- 8.1.4.4.1 Rest of North America Digital Image Processing Market by Application
- 8.1.4.4.2 Rest of North America Digital Image Processing Market by Component
- 8.1.4.4.3 Rest of North America Digital Image Processing Market by End-use
- 8.2 Europe Digital Image Processing Market
- 8.2.1 Europe Digital Image Processing Market by Application
- 8.2.1.1 Europe Object Recognition Market by Country
- 8.2.1.2 Europe Vision Analytics Market by Country
- 8.2.1.3 Europe Visual Product Search Market by Country
- 8.2.1.4 Europe Others Market by Country
- 8.2.2 Europe Digital Image Processing Market by Component
- 8.2.2.1 Europe Software Market by Country
- 8.2.2.2 Europe Services Market by Country
- 8.2.3 Europe Digital Image Processing Market by End-use
- 8.2.3.1 Europe Retail & E-commerce Market by Country
- 8.2.3.2 Europe Healthcare Market by Country
- 8.2.3.3 Europe BFSI Market by Country
- 8.2.3.4 Europe Automobile & Transportation Market by Country
- 8.2.3.5 Europe Others Market by Country
- 8.2.4 Europe Digital Image Processing Market by Country
- 8.2.4.1 Germany Digital Image Processing Market
- 8.2.4.1.1 Germany Digital Image Processing Market by Application
- 8.2.4.1.2 Germany Digital Image Processing Market by Component
- 8.2.4.1.3 Germany Digital Image Processing Market by End-use
- 8.2.4.2 UK Digital Image Processing Market
- 8.2.4.2.1 UK Digital Image Processing Market by Application
- 8.2.4.2.2 UK Digital Image Processing Market by Component
- 8.2.4.2.3 UK Digital Image Processing Market by End-use
- 8.2.4.3 France Digital Image Processing Market
- 8.2.4.3.1 France Digital Image Processing Market by Application
- 8.2.4.3.2 France Digital Image Processing Market by Component
- 8.2.4.3.3 France Digital Image Processing Market by End-use
- 8.2.4.4 Russia Digital Image Processing Market
- 8.2.4.4.1 Russia Digital Image Processing Market by Application
- 8.2.4.4.2 Russia Digital Image Processing Market by Component
- 8.2.4.4.3 Russia Digital Image Processing Market by End-use
- 8.2.4.5 Spain Digital Image Processing Market
- 8.2.4.5.1 Spain Digital Image Processing Market by Application
- 8.2.4.5.2 Spain Digital Image Processing Market by Component
- 8.2.4.5.3 Spain Digital Image Processing Market by End-use
- 8.2.4.6 Italy Digital Image Processing Market
- 8.2.4.6.1 Italy Digital Image Processing Market by Application
- 8.2.4.6.2 Italy Digital Image Processing Market by Component
- 8.2.4.6.3 Italy Digital Image Processing Market by End-use
- 8.2.4.7 Rest of Europe Digital Image Processing Market
- 8.2.4.7.1 Rest of Europe Digital Image Processing Market by Application
- 8.2.4.7.2 Rest of Europe Digital Image Processing Market by Component
- 8.2.4.7.3 Rest of Europe Digital Image Processing Market by End-use
- 8.3 Asia Pacific Digital Image Processing Market
- 8.3.1 Asia Pacific Digital Image Processing Market by Application
- 8.3.1.1 Asia Pacific Object Recognition Market by Country
- 8.3.1.2 Asia Pacific Vision Analytics Market by Country
- 8.3.1.3 Asia Pacific Visual Product Search Market by Country
- 8.3.1.4 Asia Pacific Others Market by Country
- 8.3.2 Asia Pacific Digital Image Processing Market by Component
- 8.3.2.1 Asia Pacific Software Market by Country
- 8.3.2.2 Asia Pacific Services Market by Country
- 8.3.3 Asia Pacific Digital Image Processing Market by End-use
- 8.3.3.1 Asia Pacific Retail & E-commerce Market by Country
- 8.3.3.2 Asia Pacific Healthcare Market by Country
- 8.3.3.3 Asia Pacific BFSI Market by Country
- 8.3.3.4 Asia Pacific Automobile & Transportation Market by Country
- 8.3.3.5 Asia Pacific Others Market by Country
- 8.3.4 Asia Pacific Digital Image Processing Market by Country
- 8.3.4.1 China Digital Image Processing Market
- 8.3.4.1.1 China Digital Image Processing Market by Application
- 8.3.4.1.2 China Digital Image Processing Market by Component
- 8.3.4.1.3 China Digital Image Processing Market by End-use
- 8.3.4.2 Japan Digital Image Processing Market
- 8.3.4.2.1 Japan Digital Image Processing Market by Application
- 8.3.4.2.2 Japan Digital Image Processing Market by Component
- 8.3.4.2.3 Japan Digital Image Processing Market by End-use
- 8.3.4.3 India Digital Image Processing Market
- 8.3.4.3.1 India Digital Image Processing Market by Application
- 8.3.4.3.2 India Digital Image Processing Market by Component
- 8.3.4.3.3 India Digital Image Processing Market by End-use
- 8.3.4.4 South Korea Digital Image Processing Market
- 8.3.4.4.1 South Korea Digital Image Processing Market by Application
- 8.3.4.4.2 South Korea Digital Image Processing Market by Component
- 8.3.4.4.3 South Korea Digital Image Processing Market by End-use
- 8.3.4.5 Singapore Digital Image Processing Market
- 8.3.4.5.1 Singapore Digital Image Processing Market by Application
- 8.3.4.5.2 Singapore Digital Image Processing Market by Component
- 8.3.4.5.3 Singapore Digital Image Processing Market by End-use
- 8.3.4.6 Malaysia Digital Image Processing Market
- 8.3.4.6.1 Malaysia Digital Image Processing Market by Application
- 8.3.4.6.2 Malaysia Digital Image Processing Market by Component
- 8.3.4.6.3 Malaysia Digital Image Processing Market by End-use
- 8.3.4.7 Rest of Asia Pacific Digital Image Processing Market
- 8.3.4.7.1 Rest of Asia Pacific Digital Image Processing Market by Application
- 8.3.4.7.2 Rest of Asia Pacific Digital Image Processing Market by Component
- 8.3.4.7.3 Rest of Asia Pacific Digital Image Processing Market by End-use
- 8.4 LAMEA Digital Image Processing Market
- 8.4.1 LAMEA Digital Image Processing Market by Application
- 8.4.1.1 LAMEA Object Recognition Market by Country
- 8.4.1.2 LAMEA Vision Analytics Market by Country
- 8.4.1.3 LAMEA Visual Product Search Market by Country
- 8.4.1.4 LAMEA Others Market by Country
- 8.4.2 LAMEA Digital Image Processing Market by Component
- 8.4.2.1 LAMEA Software Market by Country
- 8.4.2.2 LAMEA Services Market by Country
- 8.4.3 LAMEA Digital Image Processing Market by End-use
- 8.4.3.1 LAMEA Retail & E-commerce Market by Country
- 8.4.3.2 LAMEA Healthcare Market by Country
- 8.4.3.3 LAMEA BFSI Market by Country
- 8.4.3.4 LAMEA Automobile & Transportation Market by Country
- 8.4.3.5 LAMEA Others Market by Country
- 8.4.4 LAMEA Digital Image Processing Market by Country
- 8.4.4.1 Brazil Digital Image Processing Market
- 8.4.4.1.1 Brazil Digital Image Processing Market by Application
- 8.4.4.1.2 Brazil Digital Image Processing Market by Component
- 8.4.4.1.3 Brazil Digital Image Processing Market by End-use
- 8.4.4.2 Argentina Digital Image Processing Market
- 8.4.4.2.1 Argentina Digital Image Processing Market by Application
- 8.4.4.2.2 Argentina Digital Image Processing Market by Component
- 8.4.4.2.3 Argentina Digital Image Processing Market by End-use
- 8.4.4.3 UAE Digital Image Processing Market
- 8.4.4.3.1 UAE Digital Image Processing Market by Application
- 8.4.4.3.2 UAE Digital Image Processing Market by Component
- 8.4.4.3.3 UAE Digital Image Processing Market by End-use
- 8.4.4.4 Saudi Arabia Digital Image Processing Market
- 8.4.4.4.1 Saudi Arabia Digital Image Processing Market by Application
- 8.4.4.4.2 Saudi Arabia Digital Image Processing Market by Component
- 8.4.4.4.3 Saudi Arabia Digital Image Processing Market by End-use
- 8.4.4.5 South Africa Digital Image Processing Market
- 8.4.4.5.1 South Africa Digital Image Processing Market by Application
- 8.4.4.5.2 South Africa Digital Image Processing Market by Component
- 8.4.4.5.3 South Africa Digital Image Processing Market by End-use
- 8.4.4.6 Nigeria Digital Image Processing Market
- 8.4.4.6.1 Nigeria Digital Image Processing Market by Application
- 8.4.4.6.2 Nigeria Digital Image Processing Market by Component
- 8.4.4.6.3 Nigeria Digital Image Processing Market by End-use
- 8.4.4.7 Rest of LAMEA Digital Image Processing Market
- 8.4.4.7.1 Rest of LAMEA Digital Image Processing Market by Application
- 8.4.4.7.2 Rest of LAMEA Digital Image Processing Market by Component
- 8.4.4.7.3 Rest of LAMEA Digital Image Processing Market by End-use
Chapter 9. Company Profiles
- 9.1 NVIDIA Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Canon, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.6 SWOT Analysis
- 9.3 Samsung Electronics Co., Ltd. (Samsung Group)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 SWOT Analysis
- 9.4 Panasonic Holdings Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Cognex Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.5.2 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 Teledyne Technologies, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Product Launches and Product Expansions:
- 9.6.5 SWOT Analysis
- 9.7 IBM Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional & Segmental Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 SWOT Analysis
- 9.8 Microsoft Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 Nikon Corporation
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Product Launches and Product Expansions:
- 9.9.6 SWOT Analysis
- 9.10. Seiko Epson Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 SWOT Analysis
Chapter 10. Winning Imperatives for Digital Image Processing Market