BANGALORE, India | 10th December 2020: The global Geospatial Imagery Analytics market is Segmented by Type – Imagery Analytics, Video Analytics, by Application – Defense & Security, Insurance, Agriculture, Healthcare & Life Sciences. This report is published on Valuates Reports in the Software Category. It also covers Global & Regional Opportunity Analysis and Industry Forecast to 2026.
The global Geospatial Imagery Analytics market size is projected to reach USD 18700 million by 2026, from USD 4857.2 million in 2020, at a CAGR of 25.2% during 2021-2026.
Major factors driving the growth of Geospatial Imagery Analytics Market size are, need to manage natural resources, infrastructure, and utilities and to develop information systems for government institutions and companies.
The Geospatial Imagery Analytics Market report offers a comprehensive analysis and accurate statistics on revenue by the player for 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by players for 2015-2020.
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TRENDS INFLUENCING THE GROWTH OF GEOSPATIAL IMAGERY ANALYTICS MARKET SIZE
The increasing investments from various government and private entities are expected to increase the Geospatial Imagery Analytics Market size growth. Government agencies are focused on strengthening disaster management by analyzing satellites and GIS data to reduce the impact of natural disasters such as earthquakes, floods, and tsunamis. The authorities are investing heavily in satellite technology to collect high-resolution geospatial imagery and videos to minimize cross-border terrorist activities for national security.
The need for safe and stable mining operations allows companies to move towards solutions for geospatial imagery analysis. Geospatial Imaging Analytics helps mining companies in target mineral discovery, analyze mining conditions, model mining construction, and view geochemical and hydrological data. This increasing use by mining companies is expected to increase the Geospatial Imagery Analytics Market size during the forecast period.
The growing use of location-based services (LBS) provides enormous growth opportunities for the global market for geospatial imagery analysis. With the growing adoption of smartphones and the rapid sharing of hyper-local knowledge capabilities, LBS’s use is on the increase and, as a result, provides immense growth opportunities for players operating in the Geospatial Imaging Analytics industry.
Also, the advancement of technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), big data, and machine learning to improve geospatial technologies are some of the factors that could fuel market growth.
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GEOSPATIAL IMAGERY ANALYTICS MARKET SHARE ANALYSIS
North America is expected to hold the largest Geospatial Imagery Analytics Market share during the forecast period. This dominance of North America is attributed to the advancements in the use of the Internet of Things (IoT), Machine Learning (ML), big data, Artificial Intelligence (AI), and its integration with geospatial technologies to improve communication.
Growing numbers of start-ups and increasing government investments in geospatial technology are expected to fuel demand for geospatial imaging in the APAC region. Furthermore, the growth in technical developments and the increase in the number of connected devices are fueling the adoption of Geospatial Imaging Analytics market size.
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SEGMENTATION
KEY PLAYERS
- Hexagon
- Harris
- Digitalglobe
- Environmental Systems Research Institute
- Trimble
- Rmsi
- Planet Labs
- Urthecast
- Fugro
- Keyw
- Satellite Imaging
KEY SEGMENT BY TYPE
- Imagery Analytics
- Video Analytics
KEY SEGMENT BY APPLICATION
- Defense & Security
- Insurance
- Agriculture
- Healthcare & Life Sciences
KEY SEGMENT BY REGIONS
- North America
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America
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SIMILAR REPORTS
- The global Commercial Satellite Imaging Market size was valued at USD 2,240 million in 2018 and is expected to reach USD 5,256.4 million by 2026, registering a CAGR of 11.2% from 2019 to 2026. The growth of the commercial satellite imagery market size is expected to be driven by increased reliance on location-based services (LBS). This is due to the fact that location-based services play an important role in delivering real-time spatial data through the use of smart devices. In addition, commercial satellite imagery is applicable across a number of sectors, including defense, construction, transport, and other sectors, which serve as a key driver of the global commercial satellite imagery market.
- Aerial Imaging Market size is expected to garner USD 2,836.2 million by 2022, registering a CAGR of 12.9% during the 2016-2022. Top companies in the Aerial Imaging market are Blom ASA, Eagle View Technologies, Inc., Digital Aerial Solutions, LLC, Cooper Aerial Surveys Co., Landiscor Aerial Information, BLOMASA, Kucera International Inc., GeoVantage, Inc., Fugro EarthData, Inc, High Eye Aerial Imaging Inc., and Eagle Aerial Solutions.
- The global geospatial analytics market size was valued at USD 58.35 billion in 2019 and is projected to reach USD 158.84 billion by 2027, growing at a CAGR of 14.2% from 2020 to 2027. Major factors driving the growth of Geospatial Analytics Market size are an upsurge in demand for AI-based GIS solutions and an increase in demand for geospatial analytics in smart cities development and urban planning.
- The global GIS software market size is expected to reach USD 7.86 billion by 2025 from USD 3.24 billion in 2017, growing at a CAGR of 11.8% from 2018 to 2025. Increased demand for geographic information system (GIS) solutions in the development of smart cities and urban planning, increased adoption of GIS software in facility management, and growth in the adoption of GIS in transport are key factors driving the global GIS software’s growth market size. This study presents the industry’s analytical depiction, along with the current trends and GIS software market size and forecast to determine the imminent investment pockets.
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- Global Geo-spatial Analytics Software Market Segment by Type – Surface & Field Analytic, Network & Location Analytics, Geo visualization, by Application – Business, Automotive, Utility & Communication, Government, Defense & Intelligence, Natural Resources, This report covers important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America & key players.
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- The global Geospatial Solutions market size is projected to reach USD 331710 million by 2026, from USD 215120 million in 2020, at a CAGR of 7.5% during 2021-2026. The report is Segment by Type, by Application, important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America & key players.
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