Press release
Geospatial Imagery Analytics Market Analysis by Top Regional Industry Players- Fugro N.V., Google Inc., Trimble Navigation Ltd, Planet Labs Inc., UrtheCast Corp., KeyW Corporation, Satellite Imaging Corporation, RMSI
By Collection Medium
GIS
Satellites
UAVs
Others (Helicopters, Helikites, Balloons, and Airships)
By Imaging Type
Image
Video
By Analysis
Geovisualization
Network Analysis
Surface Analysis
By Vertical
Government
Energy & Mining
Defense
Agriculture & Forestry
Media & Entertainment
Civil Engineering & Archaeology
Others (Healthcare & Lifesciences, Insurance, and Tourism)
By Application
Surveillance & Monitoring
Construction & Development
Energy & Resource Management
Geospatial
Conservation & Research
Disaster Management
Exhibition & Live Entertainment
Browse report overview with 78 tables and 57 figures spread through 144 pages and detailed TOC on "Geospatial Imagery Analytics Market by Collection Medium (GIS, Satellites, UAVs), by Imaging Type (Image, Video), by Analysis (Geovisualization, Network, Surface), by Vertical (Government, Energy & Mining, Defense, Agriculture & Forestry, Media & Entertainment, Civil Engineering & Archaeology), by Application (Surveillance & Monitoring, Construction & Development, Energy & Resource Management, Geospatial, Conservation & Research, Disaster Management, Exhibition & Live Entertainment), by Geography (U.S., Canada, U.K., Germany, France, Russia, Sweden, China, Japan, India, South Korea, Taiwan, Israel, Brazil, U.A.E., South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/geospatial-imagery-analytics-market
Global geospatial imagery analytics market is expected to reach $14.7 billion by 2023, P&S Intelligence
Technological advancements in in this field and urge among enterprises to increase competitiveness are the major factors driving the growth of the market.
Insights on market segments
On the basis of collection medium, the geospatial imagery analytics market is categorized into geographic information systems (GIS), satellites, unmanned aerial vehicles (UAVs), and others. Of these, the fastest growth during the forecast period is expected from the UAV category. This is attributed to the increasing adoption of UAVs by government bodies to gather geospatial information.
Of the two imaging types, the market for geospatial video analytics is expected to witness faster growth during the forecast period. This can be ascribed to the rising demand of video analytics in government as well as non-government sectors, and advent of industrial automation.
On the basis of analysis, the geospatial imagery analytics market is categorized into geovisualization, network analysis, and surface analysis. Among these, geovisualization has been generating the highest revenue in the market till now. On the basis of vertical, government has been generating the highest revenue in the market so far. This can be attributed to the fact that this technology helps government bodies with a number of planning decisions such as city planning and disaster management.
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APAC to be the fastest growing market
During the forecast period, APAC is expected to lead the geospatial imagery analytics market in terms of growth. The increasing number of internet users due to the rising adoption of connected devices is likely to offer lucrative opportunities for the growth of this market in the region. According to a report published by Cisco Visual Networking Index (Cisco VNI) - 2016, APAC will account for over 53% of the global internet population by the end of 2020.
Technological advancements in geospatial imagery analytics is the key growth driver
Advancements in this field is a key factor driving the growth of the geospatial imagery analytics market. Generally, when images are captured by various collection mediums, they are manually processed for analyzing any pattern or demographic change in large datasets. It only makes the process slow, monotonic, and complex. To overcome this, market players are integrating artificial intelligence (AI), deep learning, and big data technologies with geospatial imagery analytics. As these technologies enable a faster and more efficient analysis of data, vendors are increasingly integrating these technologies into their offerings to deliver knowledgeable insights in less time.
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Geospatial imagery analytics market competitiveness
Some of the key players operating in geospatial imagery analytics market include Fugro N.V., Google Inc., Trimble Navigation Ltd., Environmental Systems Research Institute Inc. (Esri), Planet Labs Inc., UrtheCast Corp., KeyW Corporation, Satellite Imaging Corporation, RMSI, and Maxar Technologies.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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