Geospatial Imagery Analytics Market Growth Analysis By Top Key Players - Satellite Imaging Corporation, Harris Corporation, Hexagon, Trimble, MDA, Digital Globe

Market Study Report has announced the addition of the Geospatial Imagery Analytics Market Report that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Geospatial Imagery Analytics Market Report – Quick Rundown:

Vendors discussed with company profiles, details on their offerings, contact information and more include:

Google, Fugro, Planet Labs, Satellite Imaging Corporation, Harris Corporation, Hexagon, Trimble, MDA, Digital Globe, Esri, GE, Critigen, Autodesk, RMSI, and Atkins. Industry majors focus on new product development and strategic acquisitions to fortify their market presence. On similar lines, in 2017, Hexagon AB, a leading geospatial technology provider bought Luciad, a Belgian software firm with mastery in visualization solutions and inspection of real-time geospatial data.

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GIA includes the collection & processing of imagery data attained from satellite photography, GPS, and UAV (Unmanned Aerial Vehicle) platforms, that are overtly described by means of geographical coordinates. The GIA technology is gaining popularity in applications like crisis management, weather monitoring, human population forecasting, and wildlife population management. Geospatial image analytics allows businesses to link the time and location to traditional information to detect changes across various parameters over time. This allows them to recognize patterns and trends in an identifiable geographic background.

Businesses can create focused solutions for the myriad challenges that require different response for different geo-locations. The geospatial image analytics can potentially be used in combining imagery information attained from diverse imaging sources with the corporate data from operations, marketing, and finance departments to obtain sensible patterns and produce maps, graphs, cartograms, and statistics to simplify relationships between various data sets. A popular use case of GIA in marketing is segmentation where sellers can split their customers into various groups based on similar characteristics. Behavioral data, buying patterns, demographic data, and lifestyle data can serve as the basis for customer division.

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North America dominated the GIA market in the year 2017 and is expected to depict an ascent in the ensuing years owing to growing adoption of various technologies like cloud computing, artificial intelligence, and IoT. It is prudent to mention that substantial funding and resources provided by the government of United States for modernizing the nation’s GPS infrastructure are also anticipated to add a push to the market growth in the region in the coming years.

The promising trends influencing the geospatial imagery analytics market are the advent and rapid advancement of Artificial Intelligence and Big Data technologies. Latest developments in instrumentation and computation have significantly boosted the spatiotemporal data. This has levied various constrictions on the traditional data analytics abilities. As GIA platforms create massive datasets constantly, machine learning & deep learning methods can be employed to make the detection more precise and meaningful. Through AI, the recent image data can automatically be compared with previous data to efficiently recognize the deviations in the allied parameters over time.

Europe is anticipated to be the next big player in the geospatial imagery analytics market in the forthcoming years, attributed to the existence of an extremely advanced image gathering & calibration infrastructure in the area. GIA technology is largely being used in the construction and engineering market in Europe for warranting safety at building sites. Germany is projected to show striking growth over 2018-2024 owing to the initiatives started by establishments like the National Geospatial-Intelligence Agency and German Bundeswehr Geo-information Centre to enhance the accurateness and quality of image discovery services in the nation.

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