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Geospatial Imagery Analytics Market 2018 In-Depth Analysis on Industry Size, Share, Growth, and Key Players Analysis (Digital Globe, ESRI, Harris Corporation, Hexagon AB)| Forecast 2026
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The manufacturers of geospatial imagery analytics are making notable investments for using their own satellites in a bid to gather highly accurate earth data for end-users. Development of geographic information system (GIS) technology as well as concurrence of geospatial information with mainstream technologies are two of the biggest factors encouraging expansion of the market. Having said that, surging requirement for geospatial data from industries like mining, manufacturing, engineering and construction is also making the market extremely lucrative and remunerative.
Geospatial Imagery Analytics Market- Mounting Demand for High Resolution Satellite Images to Retain Healthy Growth
The geospatial imagery analytics market is subjected to some vital trends, which are foreseen to have a profound impact on the growth. Some of those trends include consistent demand for high resolution satellite images from different end-users, increased usage of services that are location based, and many more. In the global frontiers, the demand for both video-based and image-based analytics segments are mushrooming at a rapid pace. Use of video-based & image-based analytics is rapidly amplifying across various industry verticals such as defense, security, construction, and manufacturing. By technological standpoint, geospatial information system (GIS) is predicted to register high traction and stand out as a lucrative segment.
Geospatial information systems (GIS) comes with a tremendous capacity to collect and assemble authentic information. Some of the sectors foreseen to significantly contribute to the revenue of the market are defense & security, energy, utility, & natural resources. The retail and agriculture industries are all set to register high demand for geospatial imagery analytics, which is expected to spur revenues of the market. The use of unmanned aerial vehicles to monitor crop health monitoring and weather is common among farmers and farm owners.
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Geospatial Imagery Analytics Market: Competitive Dynamics
Strategic acquisitions and partnerships are the major strategies adopted by the established providers of geospatial imagery analytics. Key players such as Digital Globe, ESRI, Harris Corporation, and Hexagon AB are deliberately developing user-friendly & effective analytics solutions. Large scale vendors operating in the market are looking forward to acquire regional players in order to penetrate into domestic as well as international markets. Details such as financials, SWOT analysis, recent developments, business strategies and others such as strategic insights pertinent to these players has been duly included as a part of the company profiling. These insights are poised to be of great help for the aspiring players entering the market.
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