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Remote Sensing Services Market Statistics, Size And Share Analysis Report Forecast To 2033
Remote Sensing Services Market
The Business Research Company presents an extensive market research report on the Remote Sensing Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The remote sensing services market size has grown rapidly in recent years. It will grow from $24.97 billion in 2023 to $28.7 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to increased government investments, environmental monitoring and climate studies, precision agriculture adoption, infrastructure development projects, natural resource management..
The remote sensing services market size is expected to see rapid growth in the next few years. It will grow to $51.91 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to global climate change monitoring, health monitoring in agriculture, high-resolution hyperspectral imaging, crisis management and humanitarian aid, renewable energy site assessment.. Major trends in the forecast period include rise of hyperspectral and multispectral imaging, maritime surveillance and monitoring, commercialization of remote sensing data, focus on environmental sustainability..
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Key Market Players:
Major companies operating in the remote sensing services market report are Antrix Corporation Limited, CyberSWIFT Infotech Pvt. Ltd., DigitalGlobe Inc., Ekofastba SL, Geo Sense Sdn. Bhd., Lockheed Martin Corporation, Mallon Technology Ltd., Remote Sensing Solutions GmbH, Satellite Imaging Corporation, Spectir LLC, Terra Remote Sensing Inc., The Airborne Sensing Corporation, The Sanborn Map Company, Ball Corporation, General Dynamics Mission Systems Inc., Hexagon AB, Space Exploration Technologies Corporation, Stantec Inc., The Boeing Company, Airbus Defence and Space Ltd., BlackSky Global LLC, Blue Marble Geographics Inc., Earth-I Ltd., Ecometrica Ltd., EOMAP GmbH & Co.KG, Environmental Systems Research Institute Inc., European Space Imaging GmbH, GeoOptics Inc., Geosys Enterprise Solutions Private Limited, L3Harris Geospatial Solutions Inc., ICEYE Ltd., ImageSat International Ltd., Intermap Technologies Corp.
Market Drivers:
The growth in the cloud computing market is expected to propel the growth of the remote sensing services market going forward. Cloud computing refers to the very of computing services which include servers such as storage, databases, networking, software, analytics, and intelligence. These services help to offer faster innovation, flexible resources, and economies of scale. Cloud services help to accelerate technology transfer in remote sensing through improved application sharing. Also, it helps to connect remote sensing scientists more directly with the end-users. For instance, in January 2023, according to Google LLC, a US-based technology company, 76% of people used the public cloud in 2022, an increase of 56% from 2021. Also, according to Findstack, a UK-based business software company, in the year 2021, 81% of all enterprises have reported that they are using a multi-cloud strategy laid out or in the works. Therefore, the growth in cloud computing will propel the growth of the remote sensing services market.
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https://www.thebusinessresearchcompany.com/report/remote-sensing-services-global-market-report
The remote sensing services market covered in this report is segmented -
1) By Type: Aerial Photography and Remote Sensing, Data Acquisition and Analytics
2) By Platform: Defense, Media and Entertainment, Homeland Security Agencies, Agriculture, Energy and Power, Scientific Research, Weather Forecasting, Other Platforms
3) By Resolution Segments: Spatial, Spectral, Temporal, Radiometric
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
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