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Geospatial Imagery Analytics Market Expected to Reach US $8.9 Bn in 2026

The defense & security and the energy, utility, & natural resources segments are prominent revenue contributors to the overall market.


Albany, NY -- (SBWIRE) -- 06/11/2018 -- Industries and government authorities across regions are akin in harnessing the power of geospatial data to render effective decisions pertaining to their customers and citizens respectively. Recent proliferation of digitization is also a key factor that has led to the growth of geospatial imagery analytics market. A recent report titled, 'Geospatial Imagery Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026' by Market Research Hub (MRH) demystifies the impact of recent market trends and developments shaping the growth of the market.

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Technology and Strategic Mergers Emerge as Key Trends Geospatial Imagery Analytics

Geospatial Imagery Analytics service providers across the globe are imbibing new technologies and features to actively fulfill industry goals. In addition to new, enhanced products and services, leading market players are also banking on strategic collaborations to secure their potential in the transitioning geospatial imagery analytics market.

In a recent event, top commercial geospatial imagery analytics vendor for geospatial content, DigitalGlobe has unleashed its latest version of commercial Geospatial Big Data (GBDX) Notebooks. To enable easy access of vital information from their GBDX platform, the company has launched the product aiming to attain customer satisfaction and thus retain their ever expanding clientele in geospatial imagery analytics market. The product uses Jupyter Notebooks environment besides machine learning and remote sensing technology to enable seamless access. This latest addition to the range of DigitalGlobe products will complement end-user needs from energy, technology, insurance, and automotive verticals.

Further, to make its platform geospatial imagery analytics tool, ArcGIS user friendly and accessible to end-users, geospatial imagery analytics giant, ESRI has collaborated with Microsoft. Users can now directly work on their map visualization within Microsoft's PowerBI suite for business analytics. Apart from this initiative, the two companies will also be integrating their resources to formulate effective AI, geospatial imagery analytics that yield better applications for end-users. This enhanced Geospatial AI will be functional on Microsoft's Azure.

Detailed analysis presented in the report on geospatial imagery analytics offers significant perspectives on the impact of segments on the geospatial imagery analytics market. This section enlists key segments in the market which include, technology, analytics type, and end-use industry. Based on technology, the geospatial imagery analytics market is sectioned as global positioning systems, geographical information systems, remote sensing, unmanned aerial vehicles and others. Based on type, the market is split as video based and image based. Based on end-use, the market is segmented as defense & security, government, environment monitoring, energy, utility & natural resources, engineering & construction, mining & manufacturing, insurance, agriculture, healthcare & life sciences, and others. These insights enable readers to identify the segments that are largest revenue contributors, besides understanding the impact of the segments on the growth of the market.

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Besides segmentation the report provides information on geographical region. Major regions identified include, Europe, North America, South America, APAC, and MEA in the geospatial imagery analytics market. Readers can attain information about the potential strategies incorporated by companies in different regions and their impact on customers.

Key Players in Geospatial Imagery Analytics Market

Unbiased and critically examined data collated in the report provides readers with crucial data regarding the impact of market strategies on the purchase preferences of customers. These insights enable geospatial imagery analytics market players to design effective strategies that are growth oriented. Leading companies profiled in the report on geospatial imagery analytics market are, Digital Globe, ESRI, Harris Corporation, and Hexagon AB.

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