Published Date : Jul 04, 2018
ALBANY, New York, July 4, 2018 –The distinguished repository of research reports at MarketResearchReports.biz has notified of inclusion of another high quality business intelligence study that evaluates and represents the current and future potential of the market for geospatial imagery analytics. These analytical tools have proven their worth to varied end users who require imaged and video data of specific locations on Earth. This data helps the companies in devising their preventive and precautionary measures, and investments have increased to harness the technological tools further. As per the estimations provided in the report, the global geospatial imagery analytics market will be worth US$8.9 billion by the end of 2026, with the demand projected to increment at a formidable CAGR of 7.0% during the forecast period of 2018 to 2026.
The global geospatial imagery analytics market is driven by several factors, such as significant advancements in the pertaining technologies since the introduction of big data and artificial intelligence, increased usage of location based services, and critical need for enterprises to make sure of stay ahead of the competition. On the other hand, stringent regulations in place and challenges in integrating geospatial imagery analytics data with the exact solutions required by diverse enterprises.
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The report, titled “Geospatial Imagery Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026,” has been developed by experts of the field. The study is a summation of figurative evaluations and estimations on the profitability of the geospatial imagery analytics market. Compiled using proven market research methodologies and under the guidance of experts of the industry, the report aspires to aid in critical business decision making of its targeted audiences such as vendors of geospatial imagery analytical solutions, service providers of satellite and airborne imagery, value-added resellers, government bodies and research organizations, technology consultants, and associations in the geospatial industry. The report includes chapters: executive summary to briefly highlight market’s key aspects, segments it on the basis of analytics type, technology, end users, and deployment mode, and examines potential of demand that can be expected out of various important countries and regions.
While video and image are two segments of the market in terms of analytics type, technology-wise, the market has been bifurcated into geographical information systems (GIS), global positioning systems (GPS), unmanned aerial vehicles (UAVS), and remote sensing. Deployment mode has been divided into cloud based and on-premises. End users studied under this report for their potential of generating demand for geospatial imagery analytics are: government, defense and security, utility and natural resources, healthcare and life sciences, energy, mining and manufacturing, engineering and construction, agriculture, and insurance. Geographically, North America and Europe have been picked out as the two regions with maximum demand potential, although the Middle East is quickly expanding the demand too.
Harris Corporation, ESRI, Digital Globe, and Hexagon AB are some of the notable players in this market.
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