Global Geospatial Imagery Analytics Market Share is Likely to Grow at a CAGR Value of 12.70% By 2028

06-Sep-2022 | Facts and Factors

According to Facts and Factors, the global geospatial imagery analytics market size was worth USD 61.5 billion in 2021 and is estimated to grow to USD 126.01 billion by 2028, with a compound annual growth rate (CAGR) of approximately 12.70% over the forecast period. The report analyzes the geospatial imagery analytics market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the geospatial imagery analytics market.

To produce valuable information for making important business decisions, geospatial imaging analytics is a series of tools for assisting and analyzing geographic data obtained from sources such as GPS, satellite imagery, or mapping. The geospatial imaging analysis system is built on big data analytics and predictive analytics. Critical business decisions, risk assessment & catastrophe management, urban development, and climatic conditions are all made easier with its assistance in the private and governmental sectors. Geospatial imaging analysis produces more precise images than 3D and 2D analysis.

Browse the full “Geospatial Imagery Analytics Market Size, Share, Growth Analysis Report By Type (Imagery Analytics and Video Analytics), By Collection Mediums (Satellites, Geographic Information System, Unmanned Aerial Vehicles, and Others), By Deployment Mode (Cloud, and On-premises), By Organization Size (Large Enterprises, Small & Medium-sized Enterprises (SMEs)), By Vertical (Insurance, Defense & Security, Government, Environmental Monitoring, Energy, Utility, & Natural Resources, Engineering & Construction, Mining & Manufacturing, Agriculture, Healthcare & Life Sciences, and Other Verticals), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/geospatial-imagery-analytics-market

The global geospatial imagery analytics market is expected to increase over the forecasted period due to cutting-edge technologies like big data analytics and artificial intelligence. Additionally, throughout the projection period, the proliferation of digital cameras, sensor networks, satellite remote sensing, aerial surveys using photographic cameras, LiDar, radar, and global navigation satellite systems would promote market growth. Government agencies can benefit from deep machine learning algorithms when evaluating satellite imagery. Additionally, market growth will be fueled by the usage of AI for data mining and information prioritizing over the projection period. In addition, geospatial AI technology incorporates algorithms with satellite images to help identify geographical regions. Over the anticipated time frame, all of these factors will significantly impact market growth. But the government's tight law enforcement will prevent the market from booming. Nevertheless, during the predicted period, the market will see new growth opportunities due to the strong demand for open, interoperable services and the widespread use of location-based solutions.

The global geospatial imagery analytics market has been segmented into type, collection medium, deployment mode, organization size, verticals, and region. Based on the type, the geospatial imagery analytics market is segregated into imagery and video analytics. Among these, the imagery analytics segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on the collection medium, the geospatial imagery analytics market is segregated into satellites, geographic information systems, unmanned aerial vehicles, and others. Among these, the geographic information system segment led the market in 2021. Based on the deployment mode, the geospatial imagery analytics market is segregated into cloud and on-premises. Among these, the cloud segment led the market in 2021. The geospatial imagery analytics market is segregated into large; SMEs are small and medium-sized businesses depending on the organization's size. Among these, the small and medium-sized enterprises (SMEs) segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on verticals, the geospatial imagery analytics market is segmented into insurance, defense & security, government, environmental monitoring, energy, utility, natural resources, engineering & construction, agriculture, healthcare, life sciences, manufacturing, and other verticals. Among these, the healthcare and life sciences segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period.

The global geospatial imagery analytics market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Due to the addition of geospatial technologies to big data, the internet of things, artificial intelligence (AI), and machine learning (ML) to enhance communication in this area, North America dominated the global geospatial imagery analytics market in 2021. The presence of multiple developed economies, including Canada and the US, and the focus on innovations, brought about by R&D and various technologies all contribute to the regional market expansion. North America, a region with large data production, is the largest geospatial imaging analytics tools market.

Report Scope

Key players in the global geospatial imagery analytics market include Google, Microsoft, Oracle, L3Harris Corporation, Hexagon AB, ESRI, TomTom, Trimble, UrtheCast, Geocento, Sparkgeo, Mapidea, ZillionInfo, Geospin, Alteryx, RMSI, Maxar Technologies, Ola, Planet Labs, Orbital Insight, OneView, Boston Geospatial, SafeGraph, Hydrosat, GeoVerra, and Slingshot Aerospace.

Recent Developments:

• February 2021: The satellite imagery business EOS Data Analytics announced that by the end of 2024, it would deploy seven optical EOS SAT satellites into low earth orbit. Agriculture is the focus of this endeavor due to the company's objective is to maintain track of fields.
• December 2019: To make recording GIS elements simple and accurate, Trimble released the Trimble TerraFlex field program. The Trimble GNSS solutions will have a wider scope by fusing the Trimble Global Navigation Satellite System (GNSS) with the TruPulse laser rangefinders.
• May 2019: The GO platform was introduced by Orbital Insight and enabled users to follow trends worldwide.

Global Geospatial Imagery Analytics Market is segmented as follows:

By Type

• Imagery Analytics
• Video Analytics

By Collection Mediums

• Satellites
• Geographic Information System
• Unmanned Aerial Vehicles
• Others

By Deployment Mode

• Cloud
• On-premises

By Organization Size

• Large enterprises
• Small and medium-sized enterprises (SMEs)

By 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

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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