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Geospatial Imagery Analytics Market 2020-2025; Leading Players, Competitive Landscape, and Regional Forecast

Author : Ronak Bora | Published Date : 2020-09-07 

Geospatial imagery analytics market trends will witness increasing traction, owing to rapidly advancing technologies that have allowed companies to adopt spatial tracking and imaging tools including remote sensors and wireless devices. The technology offers different ways in which maps could be produced and used by several public and private enterprises as well as communities. Researchers and GIS professionals using cloud computing to access any resourceful information related to geospatial data will expand the scope of geospatial imagery analytics industry.

Geospatial Imagery Analytics market is expected to surpass USD 8 billion over the forecast period due to the increase in the demand for location-based technologies, rising adoption of drones for surveillance, and growing investments in satellite technologies. The government authorities are focusing on the efficient use of geospatial imagery analytics to improve their disaster management to reduce the hazards occurring due to floods, earthquakes, and tsunamis. The adoption of geospatial imagery analytics by defense & intelligence agencies to identify & reduce cross-broader terrorist activities is another factor contributing significantly to market growth.

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The complexities associated with the storage and maintenance of location-based data have enabled the growing adoption of cloud-based geospatial imagery analytics solutions across businesses. The integration of the cloud technology with geospatial applications has created a whole new architecture and scale for geospatial capabilities. This architecture fully leverages cloud storage and elastic computing capabilities to enable extensive sharing & integration of geospatial imagery data. Business organizations are using cloud-based software solutions to improve their functionality in many segments. For instance, in November 2017, Microsoft launched Azure location-based services to offer enterprise customers location capabilities. This new solution helped Microsoft's enterprise customers in making choices for using location data to solve issues such as asset location tracking, traffic congestion, and fleet management.

Asia Pacific geospatial imagery analytics market is anticipated to witness a more than 25% CAGR over the forecast timespan. The construction, marine, defense and agriculture sectors use several aerial imaging platforms like surveillance cameras and drones in order to gather land related information that GIS professionals can use to solidify their decision making process. Government initiatives in Asia Pacific countries to develop the space industry will help enhance navigations systems to capture geospatial images which can be used to support numerous industrial applications.

The North America region held the maximum share of over 35% in geospatial imagery analytics in 2018 due to the development of new satellite technologies. The government authorities in the region are focusing on increasing the investments in space research technologies. For instance, in December 2017, the federal government of Canada invested around USD 54 million as a part of its commitment to the International Space Station (ISS) to pave the way for the development of new technologies in space robotics. The rising deployments of new satellite navigation systems are also aiding in the development of the geospatial imagery analytics market in the region.

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Several companies are involved in the development and advancement of geospatial products that are experiencing high demand, with the fast-paced advancement of smart technologies, including Bentley Systems, AeroVironment Inc., Harris Corporation, PrecisionHawk, Inc. and Satellite Imaging Corporation. Strategic partnerships with other companies, governments and intelligence agencies will help bolster geospatial imagery analytics market size.

Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Scope

1.2.1 Definitions

1.2.2 Methodology and forecast parameters

1.3 Data Sources

1.3.1 Secondary Paid sources Public sources

1.3.2 Primary

Chapter 2 Executive Summary

2.1 Geospatial imagery analytics Market synopsis, 2014-2025

2.1.1 Business trends

2.1.2 Regional trends

2.1.3 Analytics type trends

2.1.4 Deployment model trends

2.1.5 Collection medium trends

2.1.6 Application trends

Chapter 3 Geospatial Imagery Analytics Market Insights

3.1 Introduction

3.2 Industry landscape, 2014-2025

3.3 Geospatial imagery analytics benefits

3.3.1 Enhance data visualization

3.3.2 Analysis of sales performance

3.3.3 Asset management

3.3.4 Augments situational awareness and intelligence

3.3.5 Enhances transportation and logistics planning

3.4 Evolution of geospatial imagery analytics technology

3.5 Geospatial imagery analytics ecosystem analysis

3.6 Technological & innovation landscape

3.6.1 Big Data analytics

3.6.2 Artificial Intelligence (AI)

3.7 Regulatory landscape

3.7.1 The National Geospatial Data Policy (NGDP) (U.S.)

3.7.2 North Carolina Geographic Information Coordinating Council (GICC) (U.S.)

3.7.3 National Oceanic and Atmospheric Administration (NOAA) (U.S.)

3.7.4 National Geospatial Policy 2016 (India)

3.7.5 American Society for Photogrammetry and Remote Sensing (ASPRS)

3.7.6 Environmental Protection Agency (EPA), U.S.

3.7.7 National Spatial Data Infrastructure (NSDI) Act (Japan)

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/geospatial-imagery-analytics-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

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