Geospatial Imagery Analytics Market Size, Share and Growth | Forecast 2030



The global Geospatial Imagery Analytics Market Size  is expected to exhibit a strong 24.57% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global Geospatial Imagery Analytics Market Size was valued at USD 3.22 billion in 2017 and is expected to rise to a valuation of USD 11.16 billion by 2023, according to the report. The report presents a detailed analysis of the market’s major drivers and restraints, including an assessment of the impact of the COVID-19 pandemic on the market. The leading players operating in the global Geospatial Imagery Analytics Market Size are also profiled in detail in the report. 

Click Here to Get Sample Premium Report @ https://www.marketresearchfuture.com/sample_request/7700

Geospatial imagery analytics is a recent field of research developed due to the growing investment in space exploration and the commercial uses of the same. Geospatial imagery includes images taken from space or geostationary orbit, which can be used for gathering information on various aspects of the landscape being pictured. The growing use of space imagery in environmental monitoring is likely to be a major driver for the global Geospatial Imagery Analytics Market Size over the forecast period. Environmental monitoring has been made much easier by the advent of geospatial imaging, as it allows for a clear picture of various environmental factors having an impact on the climate on the planet. Increasing investment in environmental monitoring from governments around the world has been a major driver for the global Geospatial Imagery Analytics Market Size over the last few years. The increasing prevalence of wildfires is likely to be a major driver for the global Geospatial Imagery Analytics Market Size, as geospatial imagery analytics provide a clear coverage of forest fires and can suggest the most efficient ways of bringing the fires under control. 

The growing use of geospatial imagery analytics in agriculture and mining is also likely to be a major driver for the global Geospatial Imagery Analytics Market Size over the forecast period. Geospatial imagery analytics provides the agriculture sector with an accurate overview of farm sizes and locations, allowing for precise operations through the entire sector. Growing demand for large-scale farming is likely to be a major driver for the global Geospatial Imagery Analytics Market Size over the forecast period. The mining sector is also a major end user of geospatial imagery analytics, as it allows the mining sector a clear overview of mining operations in a given site and allows for the development of easy and efficient solutions. 

Competitive Leaderboard:

Leading players in the global Geospatial Imagery Analytics Market Size include Satellite Imaging Corporation, KeyW Corporation, Fugro NV, UrtheCast Corporation, Planet Labs, RMSI, Trimble, Google, Environmental Systems Research Institute, DigitalGlobe, Harris Corporation, and Hexagon AB. 

In September 2018, DigitalGlobe, a vendor of geospatial imagery solutions, received a contract of USD 3.2 million from US defense advanced research projects agency (DARPA). Under this contract, DigitalGlobe has to provide an unclassified environment for geospatial cloud analytics platform. This platform, with the help of machine learning technology, is expected to help the military in getting real-time insights about the commercial data, that would help them in quick decision making.

In March 2018, Microsoft Corporation, in collaboration with Esri, introduced artificial intelligence-based geospatial analytics in its Azure products.  

Segmentation:

The global Geospatial Imagery Analytics Market Size is segmented on the basis of type, application, end use, and region. 

By type, the global Geospatial Imagery Analytics Market Size is segmented into imagery analytics and video-based analytics. 

By application, the global Geospatial Imagery Analytics Market Size is segmented into drones/UAVs, space and satellites, geographic information systems, aircraft, and others. 

By end use vertical, the global Geospatial Imagery Analytics Market Size is segmented into defense and security, environmental monitoring, mining, manufacturing, energy and utility, agriculture, healthcare and life sciences, and others. 

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/geospatial-imagery-analytics-market-7700

Regional Analysis:

Europe holds the largest share in the global Geospatial Imagery Analytics Market Size, followed by North America. These two regions have benefitted from the extensive investment from governments in the space exploration field. Germany, France, Russia, the U.S., and China are among the leading regional markets for geospatial imagery analytics. 

Related Reports:

About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

Contact:          

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Previous Post Next Post