Market Snapshot:
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.
Highlights from Geospatial Imagery Analytics Market Study
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 31.0% |
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, other players that are part of this comprehensive study are Mapidea (Portugal), ZillionInfo (United States), DigitalGlobe (United States) and Keyw Corporation (United States).
Geographic Breakdown and Segment Analysis
The Global Geospatial Imagery Analytics market presents a comprehensive analysis of the Geospatial Imagery Analytics market by product type (Cloud and On-Premises), by end-user/application (Disaster Management, Construction and Development, Exhibition and Live Entertainment, Energy and Resource Management, Surveillance and Monitoring, Conservation and Research and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Geospatial Imagery Analytics industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Geospatial Imagery Analytics market
Analyst at AMA have segmented the market study of Global Geospatial Imagery Analytics market by Type, Application and Region.
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
Market Developments Activities:
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.
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.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Neonatal Intensive Care, Venture Capitalists and Private Equity Firms and End-Use Industry