CHICAGO, May 28, 2020 /PRNewswire/ -- According to a new
market research report "Geospatial Imagery Analytics
Market by Type (Imagery Analytics, Video Analytics),
Collection Medium (Satellites, UAVS, and GIS), Application,
Deployment Mode, Organization Size, Industry Vertical, and Region -
Global Forecast to 2025", published by
MarketsandMarkets™, the global Geospatial Imagery Analytics Market
size is expected to grow from USD 6.9
billion in 2020 to USD 27.9
billion in 2025, at a Compound Annual Growth Rate (CAGR) of
32.1% during the forecast period.
The key factors driving the Geospatial Imagery Analytics Market
include the increasing adoption of location-based technologies and
the need to understand the changing environment for sustainable
development. The different applications of Geospatial Imagery
Analytics Market include disaster management, construction and
development, exhibition and live entertainment, energy and resource
management, surveillance and monitoring, conservation and research
and other applications, such as population forecasting and
management, weather monitoring, and climate change modeling.
Browse in-depth TOC on "Geospatial Imagery
Analytics Market"
112 – Tables
43 – Figures
194 – Pages
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Disaster management segment to hold the largest market size
during the forecast period
Disasters such as earthquakes, landslides, tsunamis, and
volcanoes cause significant damages and destroy infrastructures.
Geographic information system (GIS), remote sensing, and satellite
imagery serve as effective tools for disaster management and
monitoring of major natural disasters. They help collect imagery
data from space and provide the exact situational awareness. Energy
and resource management is projected to have the highest CAGR
during the forecast period. The need to survey and monitor various
earth resources and protect the environment from natural and human
hazards drive the growth of the energy and resource management
segment in the Geospatial Imagery Analytics Market.
Defense and security industry vertical to hold the largest
market size during the forecast period
The defense and security industry vertical has been a
competitive industry vertical that focuses on geospatial
applications for border security operations. Using geospatial
imagery analytics applications in the defense and security industry
vertical is important for analyzing the shifting patterns in the
war zone and support field operations through monitoring,
predicting, and countering threats. It helps provide real-time
views and insights of the impacted regions to improve the emergency
response time in areas, such as country borders.
North America to hold the
largest market size during the forecast period
North America is expected to
account for the largest market size in the Geospatial Imagery
Analytics Market by region during the forecast period. The region
houses several key vendors, such as Google, Trimble, Maxar
Technologies, Orbital Insight, Esri, and Planet Labs. Asia Pacific (APAC) is expected to grow at the
highest CAGR during the forecast period with the increasing number
of startups and growing government investments. APAC constitutes
major economies, such as China,
India, and Japan, which are expected to register high
growth in the Geospatial Imagery Analytics Market.
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The Geospatial Imagery Analytics Market comprises major
solution providers, such as Google (US), Trimble (US), Maxar
Technologies (US), Harris Corporation (US), RMSI (India), Hexagon (Sweden), TomTom (Netherlands), UrtheCast (Canada), Microsoft (US), Oracle (US), Alteryx
(US), Esri (US), Orbital Insight (US), Planet Labs (US), GeoSpoc
(India), Sparkgeo (Canada), Geocento (Oxfordshire), Mapidea
(Portugal), Geospin (Germany), ZillionInfo (US). The study includes
the in-depth competitive analysis of the key players in the
Geospatial Imagery Analytics Market with their company profiles,
recent developments, and key market strategies.
Browse Adjacent Markets: Analytics Market
Research Reports & Consulting
Related Reports:
Geospatial Analytics Market by Component (Software
& Solution, Service), Type (Surface & Field Analytics,
Network & Location Analytics, Geovisualization), Application
(Surveying, Medicine & Public Safety), Vertical, and Region -
Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/geospatial-analytics-market-198354497.html
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