Geospatial Imagery Analytics Market 2021 Global Industry Updates, Leading Players, Future Business Prospects, Forthcoming Developments & Investments Opportunities 2026
This can be attributed to the rising demand in the construction and mining sector. Also, the increasing demand for national safety & security is also boosting the global geospatial imagery analytics market growth.
Dallas, United States – May 31, 2021 /MarketersMedia/ —
The global geospatial imagery analytics market size is projected to reach USD 16 billion by 2025. In addition, it is anticipated to gather a CAGR of over 28% over the forecast period 2018-2025. Geospatial imagery analytics is a technologically advanced and artificial intelligence embedded system that collects data, processes, and displays the data in terms of geographic information system (GIS) and imagery that provides the GPS location and satellite photographs. The geospatial imagery analytics processes the GPS location and satellite photographs based on various geographic coordinates and local identifiers such as address and zip code of the locality.
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Geographic models and data visualizations are created with the help of geospatial imagery analytics. Moreover, the geospatial imagery analytics provide accurate data modeling and predicts accurate trends. The geospatial imagery analytics retrieves data from many network infrastructures such as mobile devices, sensors, social media, and more.
The data collected is visualized for understanding the social media and predicting future and current trends between people and places. All the data can be collected from the earth by these geospatial imagery analytics. The geospatial imagery analytics provides the data in the form of graphs, maps, statistics, and other pictorial presentations containing all the historical changes or trends and current shifts. This geospatial imagery analytics helps the organizations to predict the data accurately and easily. The geospatial imagery analytics gives time and location of the event along with real-time pictures of event. This has inclined organizations to adopt the geospatial imagery analytics thereby driving the geospatial imagery analytics market.
The APAC and North American countries are anticipated to see considerable growth in the geospatial imagery analytics market due to enhancements and improvements in the industrial infrastructure, new developers and multinational companies established in these regions, and new product innovations offered in the market. Moreover, the government-enabled supportive initiatives have propelled growth in the economic conditions of the market players and improved the market for geospatial imagery analytics in these regions. Also, Europe leads the geospatial imagery analytics market and is expected to see a considerable rise in the coming years due to the great demand for innovative solutions and growing industrialization in these regions.
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The geospatial imagery analytics is witnessing a measurable growth in the market due to advanced technologies and solutions provided to the end-users. The geospatial imagery analytics is more preferred in the developing and developed countries having financially strong users thereby stirring the geospatial imagery analytics market. However, this field faces a dearth of skilled employees which restricts the countries and organizations from designing and developing geospatial imagery analytics. Moreover, the adoption of the solutions provided by geospatial imagery analytics in the developing and undeveloped countries is lesser as compared to the developed countries due to its high cost impacting the growth of the market.
The Asia-Pacific region is projected to experience the highest growth throughout the forecast period. However, the North American region dominated the overall market in 2019 and it is expected to keep its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the rising investment by the government to develop advanced satellite systems in this region.
The major players of the global geospatial imagery analytics market are Google, HEXAGON, Oracle, PrecisionHawk, General Electric, Trimble, Hewlett Packard Enterprise Development, L3Harris Technologies, UrtheCast, and KeyW. Moreover, the other prospective players in the geospatial imagery analytics market are Planet Labs, Robert Bosch GmbH, ESRI, DigitalGlobe, and Autodesk. The recognized companies are coming up with innovative and new geospatial imagery analytics solutions. The geospatial imagery analytics market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new advanced products and solutions to stay competitive in the global market.
Segment Overview of Global Geospatial Imagery Analytics Market
Type Overview, 2018-2025 (USD Billion)
Video analytics
Imagery analytics
Collection Type size Overview, 2018-2025 (USD Billion)
Unmanned Aerial Vehicles (UAV),
Geographic Information Systems (GIS),
Satellites
Others
Analysis Overview, 2018-2025 (USD Billion)
Geovisualization
Network analysis
Surface analysis
Regional Overview, 2018-2025 (USD Billion)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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