Global Geospatial Imagery Analytics Market Overview:
Geospatial analysis is a process that involves the collection and manipulation of GIS (Geographic Information System), including satellite photos, GPS, and historical information. As the technology provides geographic models that can help understand historical changes and predict ongoing shifts, the demand between different industries has been remarkable. Spatial data analysis uses the integration, compilation, application, display, and analysis of spatial data obtained from satellite imagery, GPS, geotagging, mapping, and other sources to generate critical information essential to decision making. The use of Big Data and AI to improve Geographical Analysis solutions and the existence of significant competition among market participants are the factors driving the Geographical Analysis market. Strict regulations and legal problems limit the market for geospatial data analysis. The growth in the implementation of 5G networks and the increasing number of IoT devices present an opportunity. The integration of geospatial data in company solutions is one of the challenges of the market.
As per latest study released by AMA Research, the Global Geospatial Imagery Analytics market is expected to see growth rate of 31.0%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growth in the Implementation Of 5G Networks and Increasingly Adopting Effective Geospatial Imagery Analytics Applications to Determine the Future Risks and Occurrences and Plan to Combat the Situation
Market Growth Drivers:
The Need to Manage Natural Resources, Infrastructure, and Utilities, The Need to Improve the Construction Planning and Design Process Using Locational Information, Technological Advancements in the Satellite Technology and The Increasing Number of Startups
Challenges:
Integrating Geospatial Analytics Data with Enterprise Solutions
Restraints:
Stringent Regulations and Legal Issues
Opportunities:
The Rise in Technological Advancements and Increase in the Adoption of Connected Devices and Growing Government Investments in Geospatial Technologies
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Google (United States), Trimble (United States), Maxar Technologies (United States), Microsoft (United States), Oracle (United States), Harris Corporation (United States), RMSI (India), Hexagon (Sweden), TomTom (Netherlands), UrtheCast (Canada), Alteryx (United States), Esri (United States), Satellite Imaging Corporation (United States), Eos Data Analytics (United States), Orbital Insight (United States), Geospin (Germany), Planet Labs (United States), GeoSpoc (India), Sparkgeo (Canada) and Geocento (Oxfordshire). Additionally, following companies can also be profiled that are part of our coverage like Mapidea (Portugal), ZillionInfo (United States), DigitalGlobe (United States) and Keyw Corporation (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Geospatial Imagery Analytics market by 2030. Considering Market by Collection Medium, the sub-segment i.e. Geographic Information System (GIS) will boost the Geospatial Imagery Analytics market. Considering Market by Industry Verticals, the sub-segment i.e. Defense and Security will boost the Geospatial Imagery Analytics market.
Latest Market Insights:
In September 2021, Planet Labs, Inc. acquired the geospatial intelligence platform Vizzuality, strengthening its offerings in maritime monitoring and global supply chain analysis.
In October 2023, Airbus and OneAtlas announced a strategic partnership to combine their satellite imagery and artificial intelligence expertise for defense and commercial applications.
What Can be Explored with the Geospatial Imagery Analytics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Geospatial Imagery Analytics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Geospatial Imagery Analytics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Geospatial Imagery Analytics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Geospatial Imagery Analytics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Neonatal Intensive Care, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.