32.8% CAGR of "Geospatial Imagery Analytics Market" Analysis by Type, Collection Medium, Application, Deployment Mode, Organization Size, Region, Competitive Landscape

Delvens published an exclusive report, titled, "Geospatial Imagery Analytics Market by type (Imagery Analytics and Video Analytics), Collection Medium (Satellites, UAVs, and GIS), Application, Deployment Mode, Organization Size, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)". The Global Geospatial Imagery Analytics Market size is valued at USD 16.04 billion in 2023. It is projected to reach USD 116.9 billion by 2030, Growing at a CAGR of 32.8% during the forecast period (2023-2030).

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Geospatial Imagery Analytics Market Key Players: OneView, Boston Geospin, Geospatial Google, Microsoft, Oracle, L3Harris Corporation, Hexagon AB, ESRI, TomTom, Trimble, Alteryx, RMSI, Maxar Technologies, Ola, Planet Labs, Orbital Insight, UrtheCast, Geocento, Sparkgeo, Mapidea, Zilli, SafeGraph, Hydrosat, GeoVerra, Slingshot Aerospace

Geospatial Imagery analytics is a method of gathering geographic information and images from various sources, such as earth observation, geographic information systems, global navigation, satellite systems, positioning, location sensors, and mobile devices. This method organizes the data collected and visualizes it in a structured manner, making it easier to track the relationships among places and people.

The adoption of smart city development has contributed to the growing popularity of geospatial analytics. A centralized information system based on GIS provides an IT infrastructure for installing and managing applications and data throughout every stage of the development life cycle of smart cities. This offers lucrative opportunities for the market. Geospatial imaging analytics refers to a collection of tools that help to analyze geospatial data obtained from sources such as GPS, satellite imagery, and mapping in order to provide valuable insights to facilitate critical business decision-making. This system is essentially a big data analytics platform that employs predictive analytics to help both private and public sectors in risk assessment, disaster management, urban development, and climate monitoring. Geospatial imaging analysis provides more detailed images than 3D and 2D analysis.

The geospatial imagery analytics market is being fueled by the use of big data and artificial intelligence (AI) to enhance geospatial imaging analytics solutions, as well as fierce competition among market players. In addition, the growth of the geospatial imagery analytics market will be driven by increasing income and advancements in analytics technology. The COVID-19 pandemic had a negligible effect on the geospatial analytics market. During the pandemic, many organizations, such as healthcare providers and governments, adopted geospatial techniques to deliver medical supplies and medications. Various countries also faced unique difficulties that had an impact on response efforts, which were addressed using geospatial analytics. Many companies are now updating their solutions to incorporate AI and ML technologies to provide more accurate insights. This trend is expected to continue over the forecast period, especially with the emergence of 5G technologies. New startups are expected to drive the demand for geospatial analytics shortly.

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The growth of the geospatial imagery analytics market will be accelerated by the proliferation of loT devices and the expansion of 5G networks, leading to increased opportunities for market development. National security and safety concerns, as well as a surge in demand for small satellites, will further stimulate market growth. Despite this, legal barriers and government regulations on geospatial data hinder the geospatial imagery analytics industry. Additionally, combining geospatial analytics data with enterprise solutions may pose a challenge to the market growth rate in the forecast period. The market is being driven by the need for better decision-making processes, risk assessment, and disaster management, particularly in the corporate and public sectors. The integration of geospatial data with other enterprise solutions is also expected to contribute to the market's growth, despite potential legal constraints and government regulations. Overall, the geospatial imagery analytics market is poised for continued growth and innovation in the coming years.

Table of Contents

Geospatial Imagery Analytics Market is segmented into Type, Collection Medium, Deployment Mode, Organization Size, Vertical and region.

Geospatial Imagery Analytics Market On the basis of Type:

Imagery Analytics
Video Analytics

Geospatial Imagery Analytics Market On the basis of Vertical:

Insurance
Defense and Security
Government
Environmental Monitoring
Energy, Utility, and Natural Resources
Engineering and Construction
Mining and Manufacturing
Agriculture
Healthcare and Life Sciences
Other Verticals

Geospatial Imagery Analytics Market On the basis of Organization Size

Large enterprises
Small and medium-sized enterprises (SMEs)
On the basis of Deployment Medium
Cloud
On-premises

Geospatial Imagery Analytics Market On the basis of Collection Medium

Cloud
On-premises

Geospatial Imagery Analytics Market On the basis of Industry

Automotive
Aerospace
Heavy Machinery
Energy & Power
Electronics
Medical
Others

Geospatial Imagery Analytics Market On the basis of Region

Asia Pacific
North America
Europe
South America
Middle East & Africa

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