Geospatial Imagery Analytics Market

2021-2030 Analysis and Review Geospatial Imagery Analytics Market

Geospatial Imagery Analytics Market

Geospatial Imagery Analytics Market By Type (Images, Videos), By Collection Medium (Geographic Information System, Satellites, Unmanned Aerial Vehicles, Other), By Vertical (Defence and Security, Government, Environmental Monitoring, Engineering & Construction, Energy, Utility & Natural Resources, Mining and Manufacturing, Insurance, Agriculture, Healthcare and Life Science Research, Others) – Growth, Future prospects& Competitive Analysis 2021-2030

24-01-2022 REP-HC-139279 120 pages Format

Global Geospatial Imagery Analytics market is estimated to be rising at a CAGR of 31.6% during forecast period (2021-2030). The market is expecting massive rise in the demand due to the convergence and integration with mainstream technologies, commercialization of geospatial information and need for security and safety. Moreover, governments across the globe are adopting geospatial imagery analytic solutions in defense and security. Also, there are many government and private organizations that are funding to geospatial imagery analytics.

Geospatial Imagery Analytics Market

Novel Technologies to Boost The GIA Market

With the development of geographic information systems (GIS) that provided the ability to assemble a series of geospatial data fragmented into layered set of maps, complex data could be analyzed and easily communicated. Since 2005, geospatial technologies have evolved substantially and have find application in network of national security scientific supplemented by the use of powerful desktop GIS. Additionally, unmanned aerial vehicles (UAV) such as Global Hawk reconnaissance drone etc. and aerial remote sensing platforms have witnessed an increased non-military use such as in agriculture, healthcare, transportation etc. The verticals deploying these technologies are growing are rapidly, informing decision-makers on topics such as biodiversity conservation, forest fire suppression, industrial engineering, agricultural monitoring and others. Further, with the introduction of big data capabilities and integration of cloud computing in geospatial technologies the global geospatial imagery analytics market is expected to grow exponentially over the forecast period.

Image Segment Takes the Lions Share Accounting to about 63%

Global Geospatial Imagery Analytics market has been segmented on the basis of type, collection mode and verticals. The type segment is further segmented into image and video. However, image segment is the dominating segment with a revenue share of 62.98% in 2020. The convenience to take a precise, high definition 3 Dimensional and 2D images coupled with the ease of data gathering and transmission of images have rendered high adoption of Image based geospatial analytics. Further tools such as Google Earth, Microsoft Virtual Earth etc. that provide geospatial images have provided a favorable environment for the growth of image based geospatial analytics market. Moreover, video type market is anticipated to grow at a fastest CAGR of 32.1% during the forecast period. The high investment to the startups in the geospatial imagery analytics also aid the growth of Video based geospatial imagery analytics.

GIS application Witnesses Both Highest Revenues and Fastest Growth

Geographic information system leads the collection medium segment in the global geospatial imagery analytics market by capturing largest market share of over 39% in 2020. GIS based geospatial imagery analytics market is anticipated to grow at a highest CAGR of 31.6% during the forecast period. The primary reason for the dominance of GIS system as the collection medium is the wide adoption of geographic information system in geographic mapping and analysis. GIS integrates data, hardware, software and services that are used for processing business and geographically referenced data. Applications of geographic information system consist of finding location details, natural resources, telecommunications, disaster management, and transportation. The growing urbanization coupled with rising smart city investment are sort to be the major driving force the GIS systems. An ever-growing population increases the complexity of rural and urban land management as well as community planning. The use of traditional practices for land administration involves paperwork, which can lead to inconsistencies, which in turns result in illegal activities such as land scandals and unauthorized occupation matters. These complexities can be minimized by adoption of GIS technology. GIS technology provides valuable information related to land registration details, vacant land area, mining activities for effective land management. Geographical information system is very helpful in the planning and implementation of many infrastructure projects for various government bodies. As per the Global Smart Cities Primer published by Bank of America Merrill Lynch (BAML) smart city technology and management investment is expected to reach more than $3.48 trillion by 2026 aiding the growth of geographic information system based geospatial imagery analytics. 

Europe to Hold Highest revenues, While APAC to Grow at A CAGR Above 50%

Geographically, the global Geospatial Imagery Analytics market has been segmented into North America, Europe, Asia Pacific and Rest of the World (ROW). Europe is dominating the market in global Geospatial Imagery Analytics market with a revenue share of 33.99 % in 2020. Europe geospatial imagery analytics market is primarily driven by the developed geospatial infrastructure for image collection in the Europe. The “INSPIRE Geoportal” by the European commission is also aimed to promote and enhance access to European spatial data. Further high investment for the development of geospatial technologies have also spurred growth in the geospatial imagery analytics market in Europe. Moreover, Asia Pacific is anticipated to be the fastest-growing region during the forecast period with a CAGR of 50.4%. The Asia pacific Geospatial Imagery Analytics market is primarily driven by the geospatial imagery analytic startups.

Partnership and Collaboration Remains as The Key Strategy

Partnership and collaboration is the primary strategy adopted by the companies in the geospatial imagery analytics market. Strategic partnership allows the companies to leverage resources in order to serve the market demand. Product launch is the secondary strategy adopted by the companies in the geospatial imagery analytics market. New and advanced products help to improve company market visibility while competing effectively with the key competitors already present in the market. The top companies in this market includes, Oracle Corporation, Google, GE, ESRI, Pitney Bowes ad others

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Type

Global Images Market
Global Videos Market
 

By Collection Medium

Global Geographic Information System Market
Global Satellites Market
Global Unmanned Aerial Vehicles Market
Global Other Geospatial Imagery Analytics Market
 

By Vertical

Global Defence and Security Market
Global Government Market
Global Environmental Monitoring Market
Global Engineering & Construction Market
Global Energy, Utility & Natural Resources Market
Global Mining and Manufacturing Market
Global Insurance Market
Global Healthcare and Life Science Research Market
Global Others Market
 

By Region 

North America
Europe
Asia Pacific
Latin America
Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

Pre Covid-19 situation
Post Covid-19 situation 

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global Geospatial Imagery Analytics market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?

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