Geospatial Imagery Analytics Market Projected to Garner Significant Revenues by 2026
The major factors driving the growth of geospatial imagery analytics market are increasing growth of geospatial analytics market, disposable incomes, and increasing advancement in analytics technologies.
Valley Cottage, NY -- (SBWire) -- 01/10/2018 --Geospatial analytics support to integrate, gather, operate, display, and examine geospatial data which is collected through satellite imagery, GPS, geotagging, mapping, and many other sources to create significant information that are important for making important business/organization decisions. In In geospatial imagery analytics, data is collected in the form of geo-referenced satellite images, and then it is represented in two different ways including raster and vector. Enterprises are using geospatial imagery analytics information to examine their operational effectiveness to endure their company position in this competitive surrounding. Geospatial Imagery analysis offers more precise images as related to 3D and 2D analysis. This analysis includes analysis of modules above, on, and below the earth surface. Geospatial Imagery analysis application of supports private as well as government sectors to make knowledgeable conclusions about businesses and also examine risk assessment and mitigation disaster management, urban planning, and climatic conditions.
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Geospatial Imagery Analytics Market: Drivers & Restraints
The major factors driving the growth of geospatial imagery analytics market are increasing growth of geospatial analytics market, disposable incomes, and increasing advancement in analytics technologies. Moreover, geospatial imagery analytics is projected to have and high demand in the future analytics market. In coming years, the demand of geospatial analytics has improved among organizations, as it supports to pathway changes in patterns and trends over a period. Furthermore, technological developments in geospatial imagery analytics have increased the acceptance of geospatial technologies including remote sensing (RS), global positioning system (GPS), and geographical information system (GIS), and many others. Also, increasing penetration of geographical information system technology in the service industry, increasing usage of location-based data and rising demand of open interoperable solutions, are major factors which are boosting the growth of the geospatial imagery analytics market.
Geospatial Imagery Analytics Market: Market Segmentation
The geospatial imagery analytics market is segmented into five parts based on the imaging type, technology type, by analysis type, application type, and geography.
Based on the imaging type the geospatial imagery analytics market is segmented into:
Based on the technology type the geospatial imagery analytics market is segmented into:
Global Positioning Systems (GPS)
Geographical Information Systems (GIS)
Remote Sensing (RS)
Based on the analysis geospatial imagery analytics market is segmented into:
Based on the type of application geospatial imagery analytics market is segmented into:
Defense & Security
Energy, Utility & Natural Resources
Engineering & Construction
Mining & Manufacturing
Healthcare & Life Sciences
Geospatial Imagery Analytics Market: Regional Outlook
Regarding geography, geospatial imagery analytics market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. The geospatial imagery analytics market is expected to register healthy CAGR during the forecast period. North America is experiencing the rapid increase in the production geospatial imagery analytics as a demand for geospatial imagery analytics in wide range of verticals such as defense & security, government, environment monitoring, energy, utility & natural resources, engineering & construction, mining & manufacturing, insurance, agriculture, healthcare & life sciences, others market in the region is rising at faster pace. The geospatial imagery analytics market is projected to register healthy growth due growth of analytics market and technological advancement in information & technology sector across the globe. Geospatial imagery analytics market for Asia Pacific is also expected to witness steady growth during the forecast period primarily attributed to the growth of imagery technologies coupled with demand for customization in offerings, especially in China and India.
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Geospatial Imagery Analytics Market: Key Players
Some of the key players identified in the geospatial imagery analytics market are:-
Trimble Navigation, Ltd.
Hexagon AB, General Electric
RMSI, Bentley Systems, Inc.
ESRI, MDA Corporation
WS Atkins Plc.
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