Geospatial Imagery Analytics Market Industry Insights & Opportunity Evaluation Till 2030

The geospatial industry has been witnessing significant growth since the past five years and is continuing to do so due to the emergence of new technologies such as Artificial Intelligence (AI), big data, the Internet of Things (IoT), and Machine Learning (ML).

Global studies have shown that geospatial readiness plays a crucial role in the adoption of digital innovation, contributing significantly to world’s Gross Domestic Product (GDP) as well as optimizing efficiency and cost-effectiveness of the economic sectors such as infrastructure, energy, agriculture, financial services, retail and logistics, and climate and environment, among others.Geospatial analytics collects, analyzes, and displays Geographic Information System (GIS) data and imagery, including Global Positioning System (GPS) and satellite photographs.

Geospatial data analytics depend on geographic data points and specific locations such as a zip code or address of service areas.

These data are utilized for developing geographic models and data visualizations for more precise modeling and predictions of trends.

The global population is adopting and is actively using advanced street maps, satellite imagery, and route planners to gain location intelligence and identify the area of choice.

Such intelligence merges with the capabilities of geospatial technologies, data analytics, and artificial intelligence to visualize the geographical patterns, routes, and spatial trends to plan, map, and optimize the positional dimension.The geospatial imagery analytics market is anticipated to have significant growth during the forecast period 2020-2025.

Geospatial Imagery Analytics Market is valued at USD 3.97 Billion in 2018 and expected to reach USD 27.88 Billion by 2025 with the CAGR of 32.1% over the forecast period.Factors such as Need to manage natural resources, infrastructure & utilities and to develop information systems for government institutions and companies are contributing in the market growth.

It uses data from all kinds of technology such as social media, location sensors, GPS, mobile devices and satellite imagery for building data visualizations to understand the phenomena and finding trends in complex relationships between people and places.

The initial form of geospatial imagery was aerial photography and it consists of photographs taken from an airborne or spaceborne camera.

On the basis of country level, market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.Geospatial Imagery Analytics Manufacturers:Globally Manufacturers such as,Harris CorporationHexagon AbGoogleKeyw CorporationSatellite Imaging CorporationUrthecast CorporationGeocentoDigitalglobeTrimbleEos Data Analytics Others Increasing demand for GIS services by businesses is driving the market growth.The businesses are using geospatial analytics to improve their informative decision making and to understand customer preferences to increase their sales in the targeted demography.

For instance, According to Idea Group Publishing (TLFe Book), sum of revenues for GIS core-business will be $1.75 billion in 2003, an 8% increase from 2002.

Also the adoption of drones and surveillance cameras by businesses to utilize and analyze the video content for supporting their daily operations is fueling the market growth.

The global geospatial imagery analytics market is segmented by analytics into image analytics and video analytics; by technology into global positioning systems (GPS), geographical information systems (GIS), remote sensing, unmanned aerial vehicles (UAVS) and others (helicopters, balloons, and airships); by vertical into defense & security, insurance, agriculture, healthcare & life sciences and others; by application into surveillance & monitoring, construction & development, energy & resource management, geospatial, conservation & research, disaster management, exhibition & live entertainment and others.Geospatial imagery analytics is a wide range solution system which provides both image and video data of the earth.

Geospatial imagery analytics support to integrate, operate, gather, examine and display geospatial data which is collected through GPS, satellite imagery, mapping and many other sources.

The geospatial imagery analytics market, in terms of value, is estimated USD 3.75 Billion in 2017 and is expected to grow rapidly during the forecasted period at a good CAGR.In terms of regional platform, Europe holds the latest market share in geospatial imagery analytics market due the advance infrastructure for image collection and calibration which provides a promising environment for the adoption of geospatial imagery analytics technology.Download Sample of This Strategic Report @https://www.researchnester.com/sample-request-733Asia Pacific is expected to be the fast growing market for geospatial imagery analytics in terms of revenue due to growing urbanization, increasing adoption of geospatial technologies along with rising need for proficient space management and rising number of geospatial imagery analytics startups.North America is expected to show to a rapid growth during the forecasted period.

To overcome this problem, key market players are using artificial intelligence (AI), big data and deep learning technologies with geospatial imagery analytics technology.These technologies provide a faster and more efficient analysis of data which are expected to drive the growth of geospatial imagery analytics market globally over the forecasted period.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the geospatial imagery analytics market which includes company profiling of Hexagon AB, Harris Corporation, Digital Globe, ESRI, Google, Trimble Navigation, Ltd., MDA Corporation, General Electric, Planet Labs, RMSI Private Limited, Satellite Imaging Corporation and WS Atkins Plc.The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.

On the whole, the report depicts detailed overview of the global geospatial imagery analytics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.Get Exclusive Sample Copy of This Report @https://www.researchnester.com/sample-request-733About Research NesterResearch Nester is a leading service provider for strategic market research and consulting.

Global Geospatial Market, By Type (Network Analytics, Surface Analytics, Geo-visualization), By Technology (GPS, Remote Sensing, GIS) , By End-users (Automotive, Government, Defense & Intelligence) - Forecast 2022Market ScopeMarket Research Future (MRFR) published its latest report on the world geospatial market 2020 revealing drivers, limitation, opportunities, and trends of the market for the review period 2016 to 2022.

The report elaborates growth drivers and propellers through segmental study and regional outlook.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2441Market ScenarioMFRF identified the high demand for convergence of detection operations with mainstream technologies as the chief factor that can cause expansion of the world geospatial market.

The increased utility of geospatial analytics with the assistance of artificial intelligence and high growing industrial expertise can boost the rise of the geospatial market.The hike in geospatial solutions adoption to serve issues, such as security, surveillance, and safety purposes can prompt the expansion of the world geospatial market.

The feasibility of geospatial analytics to curb operational and logistic costs among different enterprises can spur the expansion of the market.

Geospatial analytics also assist government to spot crime scene and release alerts and sort related issues in case of natural disasters.

MRFR analysis is done carefully with the purpose to assist organizations to promote identify new targets and device programs.

The global geospatial analytics market size is expected to reach USD 134,479.7 million by 2025, registering a CAGR of 15.0% from 2019 to 2025, according to a new study conducted by Radiant Insights, Inc.

Numerous innovations and advancements in the drone technology and increasing deployment of Unmanned Aerial Vehicles (UAVs) for remotely monitoring and gathering a large number of location data with minimal human intervention are likely to unfold new opportunities for market growth.

According to data released by the U.S. Census Bureau, about 85.7 percent of the U.S. employees above 16 years of age commute to work in a van, car, or truck, either by driving alone or via carpooling.

With around 125 million people traveling by road every day, the U.S. transportation system faces numerous challenges such as congested highways and fatal vehicle collisions.

As per the National Highway Traffic Safety Administration, it is estimated that on an average, 102 people die from vehicle accidents every day.

Further key findings from the study suggest: • The service segment is anticipated to emerge as the fastest-growing component segment over the forecast period owing to the increasing demand for deployment, training, and support services by government and public safety agencies • The network & location analytics segment is anticipated to gain traction owing to the increasing use of network & location analytics systems by companies for analyzing buying behavior and foot traffic patterns as well as for studying behavior patterns in a brick-and-mortar environment • The military intelligence application segment is expected to witness the highest growth over the forecast period owing to the rising adoption of UAVs and increasing number of remote sensing satellites • Asia Pacific is expected to register the highest CAGR from 2019 to 2025.