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Global Geospatial Imagery Analytics Market : Regional Insights And Competitive Players, Size, and Forecast to 2024, Esri Global Inc., Maxar Technologies Ltd.
Geospatial Imagery Analytics Market
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Based on type, the geospatial imagery analytics market is categorized into video analytics and imagery analytics. During the forecast period, the video analytics market is expected to witness faster growth, at CAGR of 36.9%. Varied industries are increasingly making use of the potential applications of satellite and drone video surveillance that is expected for the flux in the video imagery market.
he different verticals for the geospatial imagery analytics market include agriculture and forestry, government, energy and mining, healthcare and lifescience, civil engineering and archaeology, defense, media and entertainment, and others. Among these, the highest demand for geospatial imagery analytics is expected to be in healthcare and lifescience, leading to the fastest growth of the category during the forecast period.
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Europe is expected to dominate the geospatial imagery analytics market during the forecast period. The developed infrastructural facility in Europe along with adoption of latest technologies by diverse industries accounts for the region’s market growth. Moreover, Asia-Pacific is observed to witness the fastest growth in the geospatial imagery analytics market.
Key players in the geospatial imagery analytics industry are providing distribution of requisite services to their end-users, and are also investing on R&D for the enhancement of the product portfolio in order to strengthen their global market position. Some of the major players in the geospatial imagery analytics industry include Esri Global Inc., Maxar Technologies Ltd., Satellite Imaging Corporation, Hexagon AB, Google LLC, UrtheCast Corp., Fugro N.V., Harris Corporation, Planet Labs Inc., and Trimble Inc.
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