Press release
Geospatial Imagery Analytics Market Latest, Competitive Landscapes, Forecast to 2022-2030 | (CAGR) of 33.8%
New York , United States- Report Ocean published the latest research report on the Geospatial Imagery Analytics market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Geospatial Imagery Analytics market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.The global geospatial imagery analytics market will grow at a compound annual growth rate (CAGR) of 33.8% during the forecast period from 2022-2030.
Geospatial technologies are built on advanced systems like GIS (geographical information systems), GPS (global positioning systems), and RS (remote sensing) to offer a convenient way to produce and use maps.
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Today various organizations use geospatial technology to convert traditionally produced maps and records into powerful digital databases.
The growth of the global geospatial imagery analytics market is attributed to several key factors, including the growing adoption of video-based imagery, technological advancements, and the rising rate of nano and small satellites. The latest advancements such as big data and artificial intelligence have helped various businesses to efficiently analyze the data. Thus, prominent businesses are continuously launching innovations that will deliver important insights in a short time.
Furthermore, governmental bodies are focusing on figuring out convenient ways to control disaster management. Thus, the solutions helped them to gather data through GIS. As a result, this factor will boost the growth of the global geospatial imagery analytics market.
However, growing government compliance is restraining the growth of global geospatial data. The government of various countries has regulated stringent restrictions to avoid security issues and data breaching activities.
Geographic Overview
Asia-Pacific region would record rapid growth in the global geospatial imagery analytics market during the analysis period. The region witnesses a growing number of internet users and industries. Thus, it will increase the adoption of geospatial imagery analytics solutions.
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COVID-19 Impact Analysis
The emergence of the COVID-19 infection strengthened the revenue generation of the global geospatial imagery analytics market. The market witnessed a sudden increase in the adoption of GIS services by businesses. Though various industries witnessed the negative effect of the outbreak, the geospatial imagery analytics market significantly grew, owing to the integration of tools such as big data and AI in the geospatial imagery analytics solutions growth.
Competitors in The Market
Google (United States)
Trimble (United States)
Maxar Technologies (United States)
Harris Corporation (United States)
RMSI (India)
Hexagon (Europe)
TomTom (Europe)
UrtheCast (Canada)
Microsoft (United States)
Oracle (United States)
Alteryx (United States)
Esri (United States)
Orbital Insight (United States)
Planet Labs (United States)
GeoSpoc (India)
Sparkgeo (Canada)
Geocento (Oxfordshire)
Mapidea (Europe),
Geospin (Germany),
ZillionInfo (United States)
Other prominent players
Market Segmentation
Based on type
Imagery analytics
Video analytics
Based on applications, the geospatial imagery analytics market has the following segments:
Disaster management
Construction and development
Exhibition and live entertainment
Energy and resource management
Surveillance and monitoring
Conservation and research
Others (population forecasting and management, weather monitoring, and climate change modeling)
Based on collection medium
Geographic Information System (GIS)
Satellites
Unmanned Aerial Vehicles (UAVs)
Others (helicopter, aircraft, helikites, kites, balloons, and airships)
Based on industry verticals
Defense and security
Government
Environmental monitoring
Energy, utility, and natural resources
Engineering and construction
Mining and manufacturing
Insurance
Agriculture
Healthcare and life sciences
Others (education, forensic, space, and oceanographic exploration)
Based on deployment modes
Cloud
On-premises
Based on organization size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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