Press release
Geospatial Imagery Analytics Market Forecast to 2024: Critical Need of Enterprises to Ensure Their Market Competitiveness the +32.3% CAGR Industry
Global Geospatial Imagery Analytics Market – Industry Trends and Forecast to 2024
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Global Geospatial Imagery Analytics Market accounted for USD 3.02 million in 2016 growing at a CAGR of 32.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Competitors:
Some of the major players of the global geospatial imagery analytics marketare Digital Globe Inc., EOS Data Analytics, Inc., ESRI, GE, Geocento, Google Inc., Harris Corporation, Hexagon AB, KEYW Corporation, MDA, Pitney Bowes, Satellite Imaging Corporation, Trimble Inc., Trimble Navigation, Urthecast Corporation, and others.
Company Share Analysis:
The report for geospatial imagery analytics market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Market Definition:
In geospatial imagery analytics, data is collected in the form of geo-referenced satellite images, and then it is embodied in two different ways comprising of raster and vector. Enterprises are using geospatial imagery analytics information to inspect their operational efficiency to endure their company position in this competitive surrounding. It has its wide application in defense & security, government, environmental monitoring, energy, utility, and natural resources, engineering & construction, mining & manufacturing, insurance, agriculture, healthcare & life sciences
Major market drivers & restraints:
Significant Advancements in Geospatial Imagery Analytics With the Introduction of Artificial Intelligence and Big Data
Stringent Implementation of Various Government Regulations
Market Segmentation:
The global geospatial imagery analytics market is segmented on the basis of type into imagery analytics, video analytics.
The global geospatial imagery analytics marketis also segmented on the basis of collection medium into geographic information systems (GIS), satellites, and unmanned aerial vehicles (UAVS).
On the basis ofvertical, global geospatial imagery analytics marketis further segmented defense & security, government, environmental monitoring, energy, utility, and natural resources, engineering & construction, mining & manufacturing, insurance, agriculture, healthcare & life sciences
On the basis of geography, global geospatial imagery analytics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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