DUBLIN--(BUSINESS WIRE)--The "Global Geospatial Imagery Analytics Market Size, Share & Industry Trends Analysis Report By Type, By Vertical, By Collection Medium, By Deployment Type, By Organization Size, By Application, By Regional Outlook and Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The Global Geospatial Imagery Analytics Market size is expected to reach $42.2 billion by 2027, rising at a market growth of 29.5% CAGR during the forecast period.
Large sets of geographical data obtained from a variety of sources in various forms, like census data, weather data, satellite imagery, mobile phone data, social media data, and drawn pictures are all examples of geospatial data. When geospatial data can be found, shared, analysed, and combined with standard business data, it is most helpful.
Geospatial analytics is utilized to add time and location to standard data sets and to create data visualisations. Maps, graphs, statistics, and cartograms are examples of visualisations that depict historical and contemporary shifts. This added information helps to paint a fuller picture of what happened. Easy-to-recognize visual patterns and pictures show insights that can be ignored in a large spreadsheet.
The massive amounts of data created by GPS devices throughout the world are a remarkable development that is driving demand for geospatial imaging analytics solutions. Furthermore, the widespread use of connected mobile devices, notably smartphones, in many economies throughout the world is propelling market expansion. The government sector's high need for GIS for law and security is propelling the industry forward. The fast advancements in GIS technology and methods for retrieving geographic information is expected to assist the total industry significantly.
Market Growth Factors:
Geospatial In The Digital Environments
Spatial information and location with interconnected systems systems - Big Data, Augmented Reality, Machine Learning, Artificial Intelligence, IoT, and 3D systems - are going to transform the core of traditional company practises, providing competitive advantages through data visualisation, analytics, and digital perspectives - an ever-increasing necessity real-time information - in this data-driven manufacturing era.
The spatial context remains an essential element and a core instrument for workflow management, smart applications, and a major platform for automated processes in manufacturing, architecture, telecommunications, intelligent transportation, technology, and many other sectors, in addition to archetypal businesses like governance, urban planning, defense, and internal security.
Location-based services are becoming more popular
Location-based services (LBS) are understood as a software service that uses Internet-capable computers to provide real-time information on the current location of a place or person. LBS uses satellite images to enable users to access the service in a variety of apps, including retail, urgent care, weather, browsing, traffic, and other services. Satellite imaging technology delivers high-resolution images that may be utilized to create up-to-date, highly specific maps for LBS and real-time applications. In addition, LBS is becoming increasingly significant in a variety of economic areas, including public, defense, and intelligence, communications, transportation, production, power, energy retail, and natural resource governance, supporting market growth.
Marketing Restraining Factor:
Urbanization and population growth are both on the rise
Due to the growing rate of urbanization throughout the world, Geospatial Deployment in the urban development business may yet encounter certain challenges. With the increasing rate of migration from rural to urban areas and urban demographic growth, geospatial applications are challenging to apply unless assessments and population-to-land tests are conducted on a regular basis and perhaps real-time data is provided. According to the United Nations, the globe will have around 500 million cities by 2030. The growing number of these cities is an indicator of extremely fast urbanization.
They can cause problems for government and planning agencies. As such big projects is expected to require huge financial investments, government, public, and developer teams operating in isolation will then need to communicate information with the primary data centers.
Market Segments Covered in the Report:
By Type
- Image-based Analytics and
- Video Analytics
By Vertical
- Defense & Security
- Engineering & Construction
- Mining & Manufacturing
- Government
- Environmental Monitoring
- Healthcare & Life Sciences, and
- Agriculture
By Collection Medium
- Geographic Information System (GIS) and
- Satellites
- UAV & Others
By Deployment
- On-premise and
- Cloud
By Organization Size
- Large Enterprises and
- Small & Medium Enterprises
By Application
- Disaster Management
- Construction & Development
- Conservation & Research
- Exhibition & Live Entertainment
- Surveillance & Monitoring
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
- Trimble, Inc.
- Microsoft Corporation
- Google LLC
- TomTom N.V.
- Hexagon AB
- L3Harris Technologies, Inc.
- Planet Labs, Inc.
- Oracle Corporation
- Alteryx, Inc.
- Esri, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vcttx
