Geospatial Imagery Analytics Market Size, Trends, Growth Factors, Regional Segment Revenue Analysis, 2020–2026

Reports and Data has published a new report titled Global Geospatial Imagery Analytics Market Research Report which spans for over 200+ pages and is an extensive analysis of Geospatial Imagery Analytics Market industry with special focus on key current and emerging market trends, technological and product advancements, drivers, and growth prospects. The report focuses on the key factors driving and restraining market growth over the forecast period. The report also offers comprehensive outlook of the Geospatial Imagery Analytics Market with regards to regulatory framework, prominent players of the market, key business strategies, and latest technological advancements.

The authorities are investing massively in satellite technologies to capture high-resolution geospatial images and videos for diminishing cross-border terrorist activities for national security. The geospatial imagery data market growth is fueled by the adoption of GIS technology across the shipping and logistics sectors. As transportation and logistics vendors are looking for cost-effective resolutions to optimize their fleet operations, geospatial analytics is supporting these companies by providing data related to road conditions and traffic congestions.

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For the purpose of this report, Reports and Data have segmented into the global Geospatial Imagery Analytics market on the basis of analytics type, source type, end-users, and region:

Analytics Type Outlook (USD Billion; 2016-2026)

Imagery Analytics

Video Analytics

Source Type Outlook (USD Billion; 2016-2026)

Geographic Information System

Satellite Imagery

UAV

Others

End-Users Outlook (USD Billion; 2016-2026)

Agriculture

Construction

Mining

Oil & Gas

Telecom

Government

Transportation & Logistics

Others

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Further key findings from the report suggest:

Video Analytics segment is set to experience the highest CAGR of 29.6% during the forecast period. This is owing to the increased utility of videos over images where weather changes and climatic aberrations can be monitored for determining weather conditions.

Geographic Information System segment had held a market share of 33.9% in the year 2018. Geographic Information System utility uses a system of physical facilities to produce data to customers connected to those facilities throughout a geographical area, which helps in choosing consumers for a market.

Mining segment is set to experience a CAGR of 28.0% during the forecast period. Geospatial imagery analytics is benefiting mining companies in target mineral research, evaluating mining provisions, model mine construction, and presenting geochemical & hydrological data.

Asia Pacific is forecasted to experience the highest CAGR of 29.0% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the geospatial imagery analytics market. The increasing use of geospatial imagery data in insurance, agriculture, and engineering and construction businesses of Asia Pacific is fuelling the growth of the market in this region.

Key participants are AeroVironment Inc., Alphabet Inc., Autodesk, Inc., Bentley Systems Inc., Environmental Systems Research Institute, Inc. (ESRI), Fugro N.V., Harris Corporation, HEXAGON AB,  Maxar Technologies Inc., and Oracle Corporation, among others.

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