According to a research report "Geospatial Imagery Analytics Market by Type (Imagery Analytics and Video Analytics), Collection Medium (Satellites, UAVs, and GIS), Application, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2026" According to a research report, the geospatial imagery analytics market is projected to grow from USD 9.1 billion in 2021 to USD 37.5 billion by 2026, at a CAGR of 32.8% during the forecast period. The key factors driving the growth of this market include the rise of geospatial imagery analytics technologies and the increasing competition.
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The spread of COVID-19 has been disrupting the world, businesses, and economies and has impacted the way of living of the masses and approaches adopted by enterprises for their business management. The COVID-19 pandemic has impacted all the elements of the technology sector. The hardware business is predicted to have the most impact in the IT industry. Due to the slowdown of the hardware supply and the reduced manufacturing capacity, the IT infrastructure growth has slowed down. The software and service businesses are also expected to slow down for a short span of time. However, the adoption of collaborative applications, location-based applications, security solutions, big data, and AI is set to witness an increase in the remaining part of the year. The pandemic has affected the geospatial imagery analytics market, but companies are still leveraging geospatial imagery analytics solutions and hardware for facility management, virus tracking, people tracking and management, and smart quarantining. Governments, as well as private companies across verticals, are adopting geospatial imagery analytics solutions to keep citizens indoors as well as track them.
Cloud segment to account for higher CAGR during the forecast period
The Geospatial imagery analytics market is bifurcated on the basis of cloud and on-premises. The market size of the cloud deployment mode is estimated to be larger and projected to have a higher CAGR during the forecast period. The cloud-based deployment helps businesses more efficiently process and report data findings, enhance collaboration, and enable decision-makers to get faster access to business intelligence leading to its higher adoption in the Geospatial imagery analytics market.
SMEs segment to hold a larger market size during the forecast period
The SMEs segment is a faster-growing segment in the Geospatial imagery analytics market during the forecast period as cloud-based solutions and services help them improve business performance and enhance productivity. The adoption of Geospatial imagery analytics software and services among large enterprises is high due to the ever-increasing adoption of the cloud, and the trend is expected to continue during the forecast period.
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Healthcare and Life sciences segment to have a higher growth rate during the forecast period
Geospatial imagery analytics helps in decision-making by providing real-time information that can support decisions and deliver actionable insights for the vertical. It offers insights that can aid in enhancing the efforts put into patient care, enhance services, and improve existing procedures.
APAC to hold higher CAGR during the forecast period
APAC is showing a substantial rise in the adoption of Geospatial imagery analytics solutions and services during the forecast period. The increasing volumes of data, advancements in AI and big data technologies, growing concerns about data integrity, and rising demand for useful insights are major factors driving the geospatial imagery analytics market across APAC. Countries such as China, and Japan are focusing on enhancing the management of data to enable data-based business decisions and enhance business processes.
Major vendors in the global Geospatial imagery analytics market Google (US), Microsoft (US), Oracle (US), L3Harris Corporation (US), Hexagon AB (Sweden), ESRI (US), TomTom (Netherlands), Trimble (US), Alteryx (US), RMSI (India), Maxar Technologies (US), Ola (India), Planet Labs (US), Orbital Insight (US), UrtheCast (Canada), Geocento (UK), Sparkgeo (Canada), Mapidea (Portugal), ZillionInfo (US), Geospin (Germany), OneView (Israel), Boston Geospatial (US), SafeGraph (US), Hydrosat (US), GeoVerra (Canada), and Slingshot Aerospace (US).
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The global geospatial imagery analytics market is segmented by analytics into image analytics and video analytics; by technology into global positioning systems (GPS), geographical information systems (GIS), remote sensing, unmanned aerial vehicles (UAVS) and others (helicopters, balloons, and airships); by vertical into defense & security, insurance, agriculture, healthcare & life sciences and others; by application into surveillance & monitoring, construction & development, energy & resource management, geospatial, conservation & research, disaster management, exhibition & live entertainment and others.Geospatial imagery analytics is a wide range solution system which provides both image and video data of the earth.
Geospatial imagery analytics support to integrate, operate, gather, examine and display geospatial data which is collected through GPS, satellite imagery, mapping and many other sources.
The geospatial imagery analytics market, in terms of value, is estimated USD 3.75 Billion in 2017 and is expected to grow rapidly during the forecasted period at a good CAGR.In terms of regional platform, Europe holds the latest market share in geospatial imagery analytics market due the advance infrastructure for image collection and calibration which provides a promising environment for the adoption of geospatial imagery analytics technology.Download Sample of This Strategic Report @https://www.researchnester.com/sample-request-733Asia Pacific is expected to be the fast growing market for geospatial imagery analytics in terms of revenue due to growing urbanization, increasing adoption of geospatial technologies along with rising need for proficient space management and rising number of geospatial imagery analytics startups.North America is expected to show to a rapid growth during the forecasted period.
To overcome this problem, key market players are using artificial intelligence (AI), big data and deep learning technologies with geospatial imagery analytics technology.These technologies provide a faster and more efficient analysis of data which are expected to drive the growth of geospatial imagery analytics market globally over the forecasted period.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the geospatial imagery analytics market which includes company profiling of Hexagon AB, Harris Corporation, Digital Globe, ESRI, Google, Trimble Navigation, Ltd., MDA Corporation, General Electric, Planet Labs, RMSI Private Limited, Satellite Imaging Corporation and WS Atkins Plc.The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global geospatial imagery analytics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.Get Exclusive Sample Copy of This Report @https://www.researchnester.com/sample-request-733About Research NesterResearch Nester is a leading service provider for strategic market research and consulting.
New Study on “Geospatial Imagery Analytics Market, Status and Forecast, by Players, Types and Applications” added to OrbisResearch.com databaseThe Geospatial Imagery Analytics Market report has been strategically curated to fulfil the needs of the customer through in-depth analysis of the Geospatial Imagery Analytics Market that can assist the customer in gaining actionable insights regarding the Geospatial Imagery Analytics Market.Get Free Sample PDF with TOC @ http://orbisresearch.com/contacts/request-sample/480815Every region’s market analysis has been covered in the global Geospatial Imagery Analytics Market report including the region’s ranking in terms of revenue, volume, growth rate, leading applications and types of the product, and the major drivers and constraints for the specific regions.Market segment by Regions/Countries, this report covers:North AmericaEuropeChinaJapanRest APACLatin AmericaThe report on the Geospatial Imagery Analytics Market consists of the detailed statistical analysis of the market performance, depicted in a series of graphs and tables for the easy consumption of the customer.
Furthermore, the top research professionals and market experts together have crunched a lot of numbers, running various algorithms and have come up with the most accurate Geospatial Imagery Analytics Market forecast for the period of 2017 – 2023.The Geospatial Imagery Analytics Market report covers a detailed analysis of the performance of each type in the market globally as well as across all regions and presents the customers with an absolute overview of the Geospatial Imagery Analytics Market in terms of the types as to which is the best bet for the customer to invest upon.Market segment by Type, Geospatial Imagery Analytics Market can be split into:Imagery AnalyticsVideo AnalyticsThe various applications analysis along with the detailed analysis of the players in the market together aids the customer in making valuable decisions regarding the direction in which they wish to head towards.Market segment by Application, Geospatial Imagery Analytics Market can be split into:Environmental MonitoringGovernmentEnergyEngineeringMiningInsuranceAgriculturalHealth Care & Life SciencesOthersEnquire more about the Report Detailed Information @http://orbisresearch.com/contacts/enquiry-before-buying/480815This report focuses on the top players in global market, likeHEXAGON ABDIGITALGLOBE INC.URTHECAST CORPORATIONTRIMBLE INC.HARRIS CORPORATIONKEYW CORPORATIONGOOGLEEOS DATA ANALYTICSGEOCENTOSATELLITE IMAGING CORPORATIONAll the top players in the Geospatial Imagery Analytics Market have been covered in the global Geospatial Imagery Analytics Market report.
Each player profile consists of a detailed company analysis, new products and innovations they are working on, and the available product portfolio in the market.
Each player’s market cap and perceived value along with future plans of expansion and growth and the latest acquisitions and mergers have been covered in the global Geospatial Imagery Analytics Market report.Place a Purchase Order of this Report @http://orbisresearch.com/contact/purchase/480815Some of the Tables and Figures Covered in Report are:Chapter One: Overview of Geospatial Imagery Analytics marketChapter Two: Global Geospatial Imagery Analytics market Status and Forecast by RegionsChapter Three: Global Geospatial Imagery Analytics market Status and Forecast by TypesChapter Four: Global Geospatial Imagery Analytics market Status and Forecast by Downstream IndustryChapter Five: Geospatial Imagery Analytics market Driving Factor Analysis of Geospatial Imagery Analytics marketChapter Six: Geospatial Imagery Analytics market Competition Status by Major ManufacturersChapter Seven: Geospatial Imagery Analytics market Major Manufacturers Introduction and Market DataChapter Eight: Upstream and Downstream Market Analysis of Geospatial Imagery Analytics marketChapter Nine: Cost and Gross Margin Analysis of Geospatial Imagery Analytics marketChapter Ten: Marketing Status Analysis of Geospatial Imagery Analytics marketChapter Eleven: Report ConclusionChapter Twelve: Research Methodology and ReferenceBrowse Full Report @ http://orbisresearch.com/reports/index/geospatial-imagery-analytics-global-market-status-and-trend-report-2013-2023About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
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