Geospatial Imagery Analytics Market:
The GMI Research’s latest analysis reveals that the Geospatial Imagery Analytics Market is slated to register a higher CAGR over the coming years. This is mainly due to the increasing demand for GIS services by businesses to understand customer preferences and rising investment in satellite technologies to capture high-resolution geospatial images and videos.
Geospatial Imagery Analytics Market’s leading Manufacturers:
- Alphabet Inc.
- Trimble Inc.
- Maxar Technologies
- Harris Corporation
- Hexagon AB
- Microsoft Corporation
- Oracle Corporation
- TomTom N.V.
- Autodesk, Inc.
- SAP SE
Geospatial Imagery Analytics Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
Some of the major factors that are surging the growth of the global geospatial imagery analytics market size include the growing demand for GIS services among the organizations for understanding the customer preferences to increase the sales in the specified targeted demography. Businesses around the world are increasingly implementing geospatial analytics solutions for improving their decision-making process. In addition to this, the government bodies are emphasizing on improving the efficiency of disaster management by analyzing the data generated by satellites and GIS to decrease the adverse impact of natural calamities such as earthquakes, floods, and various other calamities.
The border authorities are heavily investing in satellite technologies in order to take high-resolution geospatial images & videos with an aim to decrease cross-border terrorist activity and safeguard national security. Moreover, the increasing adoption of GIS technology is supporting the growing demand for the geospatial imagery analytics market. The two major factors that are hampering the growth of the market include the rising number of legal issues and various stringent regulations.
Type Segment Drivers
Based on the type, the image-based analytics segment is projected to grow at a higher CAGR during the forecast period. It has become challenging to capture high-resolution images due to the continuous technological developments in satellite technology. In addition to this, the companies are deploying efficient geospatial imagery analytics solutions to predict future risks and plan to overcome the situation.
Regional Drivers
Based on the region, North America is predicted to grow at a higher CAGR during the forecast period. This is mainly due to the constant technologically advanced in artificial intelligence, machine learning, IoT, and its integration with analytics. North America is one of the leading countries to opt for advanced technologies throughout diverse applications, such as energy & resource management, surveillance & monitoring, construction, disaster management, research, and others. Moreover, the increasing number of connected devices is further increasing the adoption of geospatial solutions in this region.
Geospatial Imagery Analytics Market Segmentation:
Segmentation by Type:
- Image-based Analytics
- Video-based Analytics
Segmentation by Collection Medium:
- Satellites
- Unmanned Aerial Vehicle (UAV)
- Geographic Information System (GIS)
Segmentation by Application:
- Construction
- Surveillance & Monitoring
- Disaster Management
- Research
- Energy & Resource Management
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
