What is Geospatial Imagery Analytics Market Scope?
Geospatial analysis is a process that involves the collection and manipulation of GIS (Geographic Information System), including satellite photos, GPS, and historical information. As the technology provides geographic models that can help understand historical changes and predict ongoing shifts, the demand between different industries has been remarkable. Spatial data analysis uses the integration, compilation, application, display, and analysis of spatial data obtained from satellite imagery, GPS, geotagging, mapping, and other sources to generate critical information essential to decision making. The use of Big Data and AI to improve Geographical Analysis solutions and the existence of significant competition among market participants are the factors driving the Geographical Analysis market. Strict regulations and legal problems limit the market for geospatial data analysis. The growth in the implementation of 5G networks and the increasing number of IoT devices present an opportunity. The integration of geospatial data in company solutions is one of the challenges of the market.
The Geospatial Imagery Analytics market study is being classified by Type (Cloud and On-Premises), by Application (Disaster Management, Construction and Development, Exhibition and Live Entertainment, Energy and Resource Management, Surveillance and Monitoring, Conservation and Research and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Geospatial Imagery Analytics market throughout the predicted period.
Google (United States), Trimble (United States), Maxar Technologies (United States), Microsoft (United States), Oracle (United States), Harris Corporation (United States), RMSI (India), Hexagon (Sweden), TomTom (Netherlands), UrtheCast (Canada), Alteryx (United States), Esri (United States), Satellite Imaging Corporation (United States), Eos Data Analytics (United States), Orbital Insight (United States), Geospin (Germany), Planet Labs (United States), GeoSpoc (India), Sparkgeo (Canada) and Geocento (Oxfordshire) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Mapidea (Portugal), ZillionInfo (United States), DigitalGlobe (United States) and Keyw Corporation (United States).
Analyst at AMA have segmented the market study of Global Geospatial Imagery Analytics market by Type, Application and Region.
On the basis of geography, the market of Geospatial Imagery Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In March 2020, Hexagon had launched the Luciad 2020 to provide faster and more powerful 3D visualization and analysis functions and to expand the portfolio with LuciadCPillar to integrate advanced spatial data visualization and analysis into their applications. and In December 2019, Trimble had launched Trimble TerraFlex field software, which enables GIS functions to be captured easily and accurately. This increases the range of the Trimble Global Navigation Satellite System (GNSS) solutions by combining them with the TruPulse laser range finders.
Influencing Market Trend
- Growth in the Implementation Of 5G Networks
- Increasingly Adopting Effective Geospatial Imagery Analytics Applications to Determine the Future Risks and Occurrences and Plan to Combat the Situation
- The Need to Manage Natural Resources, Infrastructure, and Utilities
- The Need to Improve the Construction Planning and Design Process Using Locational Information
- Technological Advancements in the Satellite Technology
- The Increasing Number of Startups
- The Rise in Technological Advancements and Increase in the Adoption of Connected Devices
- Growing Government Investments in Geospatial Technologies
- Stringent Regulations and Legal Issues
- Integrating Geospatial Analytics Data with Enterprise Solutions
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Providers of Neonatal Intensive Care, Venture Capitalists and Private Equity Firms and End-Use Industry
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Geospatial Imagery Analytics market expands?
The Global Geospatial Imagery Analytics market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Geospatial Imagery Analytics market?
The prominent players of Global Geospatial Imagery Analytics market are Google (United States), Trimble (United States), Maxar Technologies (United States), Microsoft (United States), Oracle (United States), Harris Corporation (United States), RMSI (India), Hexagon (Sweden), TomTom (Netherlands), UrtheCast (Canada), Alteryx (United States), Esri (United States), Satellite Imaging Corporation (United States), Eos Data Analytics (United States), Orbital Insight (United States), Geospin (Germany), Planet Labs (United States), GeoSpoc (India), Sparkgeo (Canada) and Geocento (Oxfordshire), to name a few.
3. What are the top priorities to focus for Geospatial Imagery Analytics marketís growth?
In this highly competitive & fast evolving Geospatial Imagery Analytics industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.