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Geospatial Imagery Analytics Market Analysis Report, Key Players; Harris Corporation, Hexagon, DigitalGlobe, Esri, Google, Trimble, MDA, Fugro, Planet Labs, Satellite Imaging Corporation, GE, Atkins, Critigen, Autodesk, RMSI
Global Market Insights, Inc.
Geospatial Imagery Analytics Market is expected to exhibit a lucrative growth over the forecast period due to the advancements in Geographic Information System (GIS) and remote sensing technologies along with the integration of geospatial information with mainstream technologies for location-based services.
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With the rapid emergence of location-sensing technologies and social media, the need for developing sophisticated and geospatial imagery analytics solutions with high computation efficiency is being increasingly recognized by the companies operating in the market.
Germany is expected to exhibit impressive growth over the forecast timeline due to the initiatives undertaken by institutions such as the German Bundeswehr Geo-information Centre and National Geospatial-Intelligence Agency to improve the accuracy and quality of image detection services in the country.
North America held a majority share of the geospatial imagery analytics market in 2017 and is expected to maintain a significant market share over the forecast timeline due to the extensive adoption of technologies such as IoT, AI, and cloud computing. The significant investment and resources invested by the U.S. government in the modernization of the GPS technology infrastructure in the country are also expected to contribute majorly to the regional market growth between 2018 and 2024.
Europe is expected to be the second largest geospatial imagery analytics market during the forecast period due to the availability of a highly advanced image collection and calibration infrastructure in the region. The technology is being extensively used in the engineering and construction industry in the region for ensuring safety at construction sites.
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The key trends shaping the geospatial imagery analytics market landscape are the emergence and the rapid development of Big Data and Artificial Intelligence (AI) technologies. Recent advancements in computation and instrumentation have made the spatiotemporal data even bigger. This has introduced several constraints on traditional data analytics capabilities.
As geospatial imagery analytics platforms generate huge datasets consistently, machine learning and deep learning approaches can be utilized to make the findings more accurate and meaningful. Using AI, the imagery data can be automatically compared to previous versions of the maps to effectively identify the changes in the associated parameters over time.
The companies operating in the geospatial imagery analytics market focus on strategic acquisitions and new product development initiatives to strengthen their market presence. For instance, in October 2017, Hexagon AB, one of the leading providers of geospatial technology acquired Luciad, a Belgian software company with expertise in solutions for visualization and analysis of real-time geospatial information.
Some of the companies operating in the geospatial imagery analytics market are Harris Corporation, Hexagon, DigitalGlobe, Esri, Google, Trimble, MDA, Fugro, Planet Labs, Satellite Imaging Corporation, GE, Atkins, Critigen, Autodesk, and RMSI.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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