The global geospatial imagery analytics market is projected to grow from $ 2.77 billion in 2016 to $ 10.21 billion by 2021, at a CAGR of 29.8% between 2016 and 2021. The market for geospatial imagery analytics is growing across the globe due to convergence and integration of geospatial technology, increased security and safety needs, and commoditization of geospatial data. However, legal issues pertaining to restrictions in the data collection process, licensing, intellectual property rights, use of geospatial information, and storage of geospatial data, among others, are expected to restrain the market growth.
“The video analytics segment of the market is projected to grow at the highest CAGR during the forecast period”
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“Commoditization of geospatial data is one of the factors driving the global geospatial imagery analytics market”
By type, the video segment of the global geospatial imagery analytics market is estimated to grow at the highest CAGR during the forecast period. The increasing demand for video surveillance systems for perimeter detection, pattern recognition, counting & crowd management, and incident detection, among others is expected to drive growth of the video analytics segment during the forecast period.
“The Asia-Pacific geospatial imagery analytics market is projected to grow at the highest CAGR during the forecast period”
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Geospatial Imagery Analytics Modules Market Drivers
Geospatial Imagery Analytics Modules Market Opportunities
Geospatial Imagery Analytics Modules Market Restraints
Geospatial Imagery Analytics Modules Market Challenges
The Geospatial Imagery Analytics Modules Market for process control applications is expected to grow at the highest rate during the forecast period. Signal conditioners in process control applications separate the supply voltage from the input and output circuits and enable the analog circuit to operate with one operating voltage. Moreover, signal conditioners electrically separate input as well as output signals from each other. This eliminates the differences caused by common reference points and provides protection against irrevocable damage caused by overvoltages.
The key players in the Geospatial Imagery Analytics modules market profiled in this report are
1. Hexagon AB (Sweden)
2. DigitalGlobe, Inc. (U.S.)
3. UrtheCast Corporation (Canada.)
4. Trimble Inc. (U.S.)
5. Harris Corporation (U.S.)
6. KEYW Corporation (U.S.)
7. Google Inc. (U.S.)
8. EOS Data Analytics, Inc. (Ukraine)
9. Geocento (U.S.)
10. Satellite Imaging Corporation (U.S.)
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This study provides detailed segmentation of the geospatial imagery analytics market on the basis of type, collection medium, vertical, and region. By type, the market is segmented into image and video. By collection medium, the market is segmented into GIS (Geographic Information System), satellites, UAVs, and others. By vertical, the market is further segmented into defense & security; government; environmental monitoring; energy, utility & natural resources; engineering & construction; mining & manufacturing; insurance; agriculture; healthcare & life sciences; and others. The geographic analysis includes regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the Geospatial Imagery Analytics market comprehensively and provides the closest approximations of the revenue numbers for the overall market and sub segments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report helps stakeholders to better understand their competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product launches, partnerships, acquisitions, and expansions.
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