Global Geospatial Imagery Analytics Market Size Will Hit USD 46,695 Million By 2027

Facts and Factors Market Research has published a new report titled “Geospatial Imagery Analytics Market By Type (Image Analytics and Video Analytics), By Application (Weather Monitoring, Population Forecasting & Management, Security & Law Enforcement, Climate Change Modeling, and Crises Management), By Technology (GIS/GNSS/GPS, Office & Field Software, Remote Sensing, and Handheld/Mobile Mapping), and By Vertical (Defense & Security, Environmental Monitoring, Government, Energy & Utility, Healthcare, Agriculture, Construction, and Manufacturing & Mining): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global Geospatial Imagery Analytics market is predicted to be valued at approximately USD 4,344 million in 2018 and is expected to reach a value of around USD 46,695 million by 2027, at a CAGR of around 30.02% between 2019 and 2027.

Geospatial analysis is a powerful platform that is extensively utilized for addressing a slew of issues comprising climate change modeling, weather monitoring, human population estimating, and animal population supervision.

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Moreover, geospatial analytics helps in integrating, collecting, functioning, demonstrating, and exploring the geospatial data that is gathered via mapping, geotagging, satellite imagery, GPS, and other sources for developing important information vital for making key business decisions.

Geospatial analytics is an approach that is used for the application of statistical analysis and other analytic methods to data that has a topographical or three-dimensional aspect. This analysis will help in installing software that has the ability to render maps for processing 3-D data along with using analytical tools for mapping terrestrial or geographic datasets including the utilization of topographical information systems as well as geomatics.

Launching of new technologies like AI and Big Data to prompt the market growth

The growth of the market during the forecast period is owing to the introduction of new technologies like artificial intelligence and big data analytics. Moreover, the onset of the digital cameras, sensor networks, satellite remote sensing, aerial surveys through the use of photographic cameras, LiDar, radar, and global navigation satellite systems will proliferate the growth of the market during the forecast period.

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Furthermore, deep machine learning algorithms can assist government authorities in analyzing satellite imagery. This, in turn, will uplift the market surge over the period from 2019 to 2027. Moreover, the use of AI for the purpose of data mining for information prioritization will propel business growth over the forecast period. Apart from this, geospatial AI technology integrates satellite photos with algorithms, thereby assisting in the identification of geographical regions. All these aspects will contribute substantially to the market progression over the forecast timespan. However, the strict execution of laws by the government will inhibit the market surge over the 2019-2027 timespan. Nevertheless, the high need for open interoperable services and massive usage of location-based solutions will create new growth avenues for the market during the forecast timeline.

Weather monitoring segment to lead the application landscape by 2027

The growth of the segment during the forecast timeframe is due to the massive need for measuring wind velocity & direction, air temperature, rainfall, and humidity. In addition to this, weather monitoring also helps in assessing climatic alterations and provides information for inputting in the models that can help in predicting environmental changes in the foreseeable future.

Moreover, the segmental growth is also due to the ability of the weather monitoring to offer weather data or climate information for warnings the regional governments about the potential threats to terrestrial systems or objects and marine life in their respective regions.

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Healthcare segment to record the highest CAGR over the forecast period

The segment is predicted to register the highest growth rate of more than 33% during the forecast timeline owing to the large-scale installation of geospatial imagery analytics in healthcare activities as well as the massive use of geospatial imagery analytics solutions in the population health management services.

North America to dominate the overall market growth by 2027

The regional market growth during the forecast period is owing to the humungous presence of reputed players in countries like the U.S. and the growing adoption of innovative technologies in the region.

Some of the key participants in the business include AAM Pty Ltd., Capture Digitalglobe Inc., Orbital Africa Limited, Rick Engineering Company, Harris Corporation, UrtheCast Corporation, RMSI, Trimble Inc., EOS Data Analytics Inc., Hexagon AB, Environmental Systems Research Institute, Fugro N.V., Google Inc., Marvel Geospatial Solutions Private Limited, Keyw Corporation, Planet Labs, Satellite Imaging Corporation, Geocento, AABSyS IT Pvt. Ltd., Damian & Associates, Inc., and SECON Private Limited.

This report segments the Geospatial Imagery Analytics market as follows:

Geospatial Imagery Analytics Market: By Type Analysis

Image Analytics
Video Analytics

Geospatial Imagery Analytics Market: By Application Analysis

Weather Monitoring
Population Forecasting & Management
Security & Law Enforcement
Climate Change Modeling
Crises Management

Geospatial Imagery Analytics Market: By Technology Analysis

GIS/GNSS/GPS
Office & Field Software
Remote Sensing
Handheld/Mobile Mapping

Geospatial Imagery Analytics Market: By Vertical Analysis

Defense & Security
Environmental Monitoring
Government
Energy & Utility
Healthcare
Agriculture
Construction
Manufacturing & Mining

Geospatial Imagery Analytics Market: By Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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