Geospatial Imagery Analytics Market 2020 Industry Growth, Trend, Key Players ( AeroVironment, Alphabet Inc., Autodesk, Esri, Fugro, GE, Harris Corporation, Hexagon AB, Oracle, Pitney Bowes, Planet, PrecisionHawk, RMSI Pvt. Ltd., SAP, Atkins, Trimble Inc.)

Geospatial imagery analytics market is poised to witness remarkable momentum primarily due to the widespread acceptance of GPS technologies, mapping services, and remote sensing in various business domains. Today, advanced and innovative imaging solutions provide enormous potential to improve efficiency of large scale operations like farming, transportation, mining and telecommunications. Geospatial analysis is increasingly being used to help farmers cut costs and increase yield, which in turn presents a promising revenue source for global geospatial imagery analytics industry.

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Company profiled in geospatial imagery analytics market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
AeroVironment, Alphabet Inc., Autodesk, Bentley Systems, Esri, Fugro, GE, Harris Corporation, Hexagon AB, Maxar Technologies, Oracle, Pitney Bowes, Planet, PrecisionHawk, RMSI Pvt. Ltd., SAP, Atkins, Trimble Inc.

Governments seem have their own geospatial requirements - government agencies face critical challenges like providing information during emergencies or undertake initiatives towards building a smart community. Procuring geospatial data through different image capturing sources provides them access to detailed information to take decisions, such as those related to agricultural lands, which cover the complete jurisdiction and are updated regularly. These agencies have increasingly been adopting the services of satellite imaging firms, contributing significantly towards geospatial imagery analytics market share.

There has been a surging demand for geospatial tools based on the cloud, to keep an organization's infrastructure regularly updated and making it easier to map the records and manage them, at lower costs. In fact, the cloud-based deployment model in geospatial imagery analytics market will witness a decent growth rate of more than 25% between 2019-2025. Companies are now offering cloud GIS services through pay-per-use pricing models to enable more agencies gain access to geospatial data. This will eventually help consumers who do not have skills and resources required to achieve GIS implementations.

Countries like China, Japan, India, and Southeast Asia are quickly embracing novel technologies like cloud computing and internet of things (IoT) in public and private domains. These technologies are comprehensively equipped for accumulating data from leading tools like satellite images, soil sensors, and weather stations, which, in turn, enable farmers to manage their crops suitably. Shrinking costs of cloud-based implementations will allow governments to install required systems to complement new geospatial technologies. It is estimated that geospatial imagery analytics market share from the agricultural sector will record a 25% CAGR over the projected timeframe.

European Space Imaging had recently signed an agreement with Maxar Technologies to provide EarthWatch and SecureWatch to customers in North Africa, Europe, and CIS countries. This solution provides customers online and offline access to worldwide content layers via a single interface. Through these subscription-based services, the customers get instant access to Maxar's WorldView satellite imagery and geospatial data. Fruitful partnerships, acquisitions and productive R&D efforts by the leading players is expected to advance spatial imaging capabilities in the near future, accelerating geospatial imagery analytics market outlook.

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Owing to the enormous potential of digital transformation trends in agriculture, geospatial imagery services have established a strong foothold worldwide. KeyW Holding Corporation, Hexagon AB, Maxar Technologies Inc., Satellite Imaging Corporation, General Electric Company, TomTom International B.V., PrecisionHawk, and RMSI Private Limited are some of the prominent players in the industry. Global geospatial imagery analytics market will generate annual revenues of over USD 8 billion by 2025.

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