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Geospatial Imagery Analytics Market - What are the main applications and challenges?

Author : Ronak Bora | Published Date : 2019-04-09 

Global Market Insights, Inc. has released a new research study on geospatial imagery analytics market Analysis 2018-2023 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the industry detailing the SWOT analysis and market share dominance of the prominent players.

The key trends shaping the geospatial imagery analytics market are the emergence and the rapid development of Big Data and Artificial Intelligence (AI) technologies. Recent advancements in computation and instrumentation have made the spatiotemporal data even bigger. This has introduced several constraints on traditional data analytics capabilities. As geospatial imagery analytics platforms generate huge datasets consistently, machine learning and deep learning approaches can be utilized to make the findings more accurate and meaningful. Using AI, the imagery data can be automatically compared to previous versions of the maps to effectively identify the changes in the associated parameters over time. 

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Enterprises can develop targeted solutions for diverse business challenges that demand different responses for different geographic locations. Geospatial analytics can be used to combine imagery information acquired from different imaging platforms with the business data from finance, operations, and marketing departments to derive meaningful patterns and create graphs, maps, statistics, and cartograms to easily understand complex relationships between data sets. One of the popular use cases of geospatial imagery analytics market segmentation where in marketers can divide their customers into different groups with respect to common characteristics. 

Geospatial imagery analytics market includes the gathering and processing of the imagery data acquired from GPS, satellite photography and Unmanned Aerial Vehicle (UAV) platforms, which are explicitly described in terms of geographic coordinates. The technology is being increasingly adopted in applications such as weather monitoring, crisis management, wildlife population management, and human population forecasting. For businesses, geospatial imagery analytics enables them to add the context of location and time to traditional data to observe the changes in different parameters over time. This helps them in identifying trends and patterns in a recognizable geographic context.

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Europe is expected to be the second largest geospatial imagery analytics market during the forecast period due to the availability of a highly advanced image collection and calibration infrastructure in the region. The technology is being extensively used in the engineering and construction industry in the region for ensuring safety at construction sites. Germany is expected to exhibit impressive growth over the forecast timeline due to the initiatives undertaken by institutions such as the German Bundeswehr Geo-information Centre and National Geospatial-Intelligence Agency to improve the accuracy and quality of image detection services in the country.

Geospatial Imagery Analytics Market is expected to exhibit a lucrative growth over the forecast period due to the advancements in Geographic Information System (GIS) and remote sensing technologies along with the integration of geospatial information with mainstream technologies for location-based services. With the rapid emergence of location-sensing technologies and social media, the need for developing sophisticated and geospatial imagery analytics solutions with high computation efficiency is being increasingly recognized by the companies operating in the market.

Browse Full Report: www.gminsights.com/industry-analysis/geospatial-imagery-analytics-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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