According to a new market research report published by Global Insight Services “Geospatial Imagery Analytics Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Geospatial imagery analytics is the process of extracting information from images to help decision-makers better understand and manage their operations. This can include anything from mapping and surveying land to tracking the movement of people or objects. By analyzing images, analysts can glean a wealth of information that can be used to improve efficiency, safety, and security.
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Key Players
The Geospatial Imagery Analytics Market key players are Google, Microsoft , Oracle , L3Harris Corporation, Hexagon AB, ESRI, TomTom, Trimble, Alteryx and RMSI.
Key Trends
There are three key trends in geospatial imagery analytics:
First, is the trend toward higher resolution data. This is being driven by the increasing availability of high-resolution commercial satellite imagery, as well as the increasing use of unmanned aerial vehicles (UAVs) for data collection. This higher resolution data is allowing for a more detailed analysis of features on the ground, such as individual buildings, trees, and roads.
Second, is the trend toward more sophisticated algorithms for image analysis. This is being driven by the increasing availability of computing power and storage, as well as the development of new algorithms by researchers. These algorithms are allowing for more accurate and detailed analysis of images, such as the identification of objects, the measurement of features, and the detection of patterns.
Third, is the trend toward more integrated systems for image analysis. This is being driven by the need to analyze large volumes of data from multiple sources in a timely and efficient manner. This requires the use of software that can ingest, store, and process data from multiple sources, as well as the use of algorithms that can analyze data from multiple sources.
Key Drivers
The key drivers of the Geospatial Imagery Analytics market are the increasing demand for high-resolution imagery and the need for accurate mapping and surveying. With the advancement of technology, the demand for high-resolution imagery has increased exponentially. High-resolution imagery is used for a variety of applications such as land cover mapping, urban planning, disaster management, and security.
The accuracy of mapping and surveying has also become increasingly important as the world becomes more interconnected. Geospatial Imagery Analytics allows for the accurate mapping of the earth’s surface, making it an essential tool for a variety of industries.
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Market Segmentation
The Geospatial Imagery Analytics market is segmented by type, deployment, organizational size and region. By type, the market is segmented into imagery analytics and video analytics , By deployment, the market is divided into cloud and on-premises. By organizational size, the market is classified into SME’s and large enterprises. By region the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Reasons to buy Geospatial Imagery Analytics Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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