With the emergence and long-term Impact of COVID-19, Global Geospatial Imagery Analytics Market to reach USD 110.16 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on the Global Geospatial Imagery Analytics Market is poised to raise to USD 110.16 Billion by 2030. Geospatial imagery analytics involves the examination and interpretation of geographical data sourced from various imaging platforms such as Geographic Information Systems (GIS), satellite imagery, UAVs, drones, and more. This technology enables the extraction of valuable information and insights about specific locations or regions. It is used in a wide range of applications including monitoring weather conditions, disaster management, urban planning, natural resource exploration, and optimizing sales and marketing strategies.
The incorporation of artificial intelligence and machine learning technologies serves to augment the capabilities of geospatial imagery analytics, contributing to its widespread adoption across diverse sectors. The increase in geospatial imagery analytics technologies and, the surge in demand for location-based insights across diverse industries, coupled with a rising focus on data security and privacy are the most prominent factors that are propelling the market demand across the globe.
Geographically, the global Geospatial Imagery Analytics market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising need for location-based insights across diverse industries, growing emphasis on innovations obtained from R&D and various technologies, and growing volumes of data, advancements in AI and big data technologies.
Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The growing urbanization driven by smart cities, and heightened agricultural demands are significantly propelling the market demand across the region. Numerous countries in the region are actively incorporating this technology to tackle urban planning, resource management, and environmental monitoring challenges. This surge in adoption is promoting the increased utilization of satellite imagery, remote sensing, and Geographic Information Systems (GIS) technologies.
The global Geospatial Imagery Analytics market is highly competitive owing to the presence of several key manufacturers such as Hexagon AB (Sweden), Satellogic (U.S.), CAPE Analytics (U.S.), Esri (U.S.), Geoimage (Australia), Maxar Technologies (U.S.), TomTom International BV (Netherlands), and others.
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Key findings of the study suggest:
- Global Geospatial Imagery Analytics Market is anticipated to grow with a healthy growth rate of more than 32.1% over the forecast period 2023-2030.
- In the Imaging segment, Image emerged out as the leading market segment in 2022.
- In the Collection Medium, Geographic Information System emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising need for location-based insights across diverse industries, growing emphasis on innovations obtained from R&D and various technologies, and growing volumes of data, advancements in AI and big data technologies.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Imaging Type:
- Video
- Image
Collection Medium:
- Geographic Information System (GIS)
- Satellite Imagery
- Others
Application:
- Weather Conditions Monitoring
- Disaster Management
- Urban Planning/Development
- Natural Resource Exploration
- Others
End-user:
- Defense & Security
- Healthcare
- Retail & Logistics
- Government
- Banking, Financial Services & Insurance (BFSI)
- Mining/Manufacturing
- Agriculture
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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