Global Geospatial Imagery Analytics Markets Report 2022-2026 - Rise of Geospatial Imagery Analytics Technologies and Increasing Competition Driving Growth

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Mar 11, 2022, 06:00 ET

DUBLIN, March 11, 2022
/PRNewswire/ -- The "Geospatial Imagery Analytics Market by Type (Imagery Analytics and Video Analytics), Collection Medium (Satellites, UAVs, and GIS), Application, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The geospatial imagery analytics market is projected to grow from USD 9.1 billion in 2021 to USD 37.5 billion by 2026, at a CAGR of 32.8% during the forecast period.

The key factors driving the growth of this market include the rise of geospatial imagery analytics technologies and the increasing competition.

The spread of COVID-19 has been disrupting the world, businesses, and economies and has impacted the way of living of the masses and approaches adopted by enterprises for their business management. The COVID-19 pandemic has impacted all the elements of the technology sector.

The hardware business is predicted to have the most impact in the IT industry. Due to the slowdown of the hardware supply and the reduced manufacturing capacity, the IT infrastructure growth has slowed down. The software and service businesses are also expected to slow down for a short span of time. However, the adoption of collaborative applications, location-based applications, security solutions, big data, and AI is set to witness an increase in the remaining part of the year.

The pandemic has affected the geospatial imagery analytics market, but companies are still leveraging geospatial imagery analytics solutions and hardware for facility management, virus tracking, people tracking and management, and smart quarantining. Governments, as well as private companies across verticals, are adopting geospatial imagery analytics solutions to keep citizens indoors as well as track them.

Cloud segment to account for higher CAGR during the forecast period

The Geospatial imagery analytics market is bifurcated on the basis of cloud and on-premises. The market size of the cloud deployment mode is estimated to be larger and projected to have a higher CAGR during the forecast period.

The cloud-based deployment helps businesses more efficiently process and report data findings, enhance collaboration, and enable decision-makers to get faster access to business intelligence leading to its higher adoption in the Geospatial imagery analytics market.

Large Enterprises segment to hold a larger market share during the forecast period

The Large Enterprises segment is a faster-growing segment in the Geospatial imagery analytics market during the forecast period as cloud-based solutions and services help them improve business performance and enhance productivity.

The adoption of Geospatial imagery analytics solution and services among large enterprises is high due to the ever-increasing adoption of the cloud, and the trend is expected to continue during the forecast period.

Among regions, North America to hold largest market share during the forecast period

North America is expected to dominate the market due to early technology adoption and the presence of a large number of solution providers.

The growing technology investments and improving penetration of the retail and manufacturing vertical are expected to drive the market growth of APAC during the forecast period. China, Japan, and India have displayed ample growth opportunities in the Geospatial imagery analytics market.

Competitive Landscape

Major vendors offering geospatial imagery analytics solutions and services across the globe are

Google
Microsoft
Oracle
L3Harris Corporation
Hexagon AB
ESRI
TomTom
Trimble
Alteryx
RMSI
Maxar Technologies
Ola
Planet Labs
Orbital Insight
UrtheCast
Geocento
Sparkgeo
Mapidea
ZillionInfo
Geospin
OneView
Boston Geospatial
SafeGraph
Hydrosat
GeoVerra
Slingshot Aerospace

Premium Insights

Increasing Adoption of Geospatial Technologies to Boost Market Growth
Defense and Security Segment to Hold Largest Market Size During Forecast Period
North America to Hold the Largest Market Share in 2021
Disaster Management and Defense and Security to Hold Largest Market Shares in 2021

Market Dynamics

Drivers

Rise of Geospatial Imagery Analytics Technologies
Competitive Advantage

Restraints

Lack of Expertise
Regulations and Legal Issues

Opportunities

Overcoming the Lacunae of Conventional Data Collecting and Tracking Methods
Increasing Implementation of 5G Networks

Challenges

Integration of Geospatial Imagery Analytics Data with Enterprise Solutions
Reluctance to Adopt Advanced Analytics Technologies
Geospatial Imagery Analytics Market: COVID-19 Impact
Geospatial Imagery Analytics: Evolution

Case Study Analysis

Defence and Security: Case Study - Geocento's Ship Detection and Monitoring the Seven Seas
Healthcare and Life Sciences: Case Study - Carto Analyzes England's Response to COVID-19 By Using Data and Maps
Insurance: Case Study - Esri Empowers Insurance Industry in India
Energy, Utilities, and Natural Resources: Case Study - Geospoc Detects Solar Panel Anomaly
Engineering and Construction: Case Study - Geospin's Analysis for Charging Infrastructure
Government: Case Study - L3Harris Helped an Australian City Council for Tree Inventory for Leveraging Deep Learning
Environmental Monitoring: Case Study - Hexagon Monitors the Forest Cover Changes in Madhya Pradesh, India
Mining and Manufacturing: Case Study - Photosat Monitors the Oil Sands Mines of Alberta, Canada
Agriculture: Case Study - Geospoc Monitors Crop Health, Growth, and Yield

Supply/Value Chain Analysis

Pricing Model Analysis

Porter's Five Forces Analysis

Technology Analysis

Artificial Intelligence and Geospatial Imagery Analytics
Machine Learning and Geospatial Imagery Analytics
Internet of Things and Geospatial Imagery Analytics
Cloud Computing and Geospatial Imagery Analytics
Blockchain and Geospatial Imagery Analytics

Regulatory Implications

Sarbanes-Oxley Act of 2002
California Consumer Privacy Act
Personal Data Protection Act
Open Geospatial Consortium
World Wide Web Consortium

For more information about this report visit https://www.researchandmarkets.com/r/xj6t7i

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