Global Geospatial Imagery Analytics Market By Product Type (Video-based, Image-based), By Technology Type (GPS, GIS, Remote Sensing) , By Industry Vertical (Government/ Public Service, Aerospace & Defense and Others) and By Region - Global Forecast 2030

“Global Geospatial Imagery Analytics Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global geospatial imagery analytics market has been segmented on the basis of product type, technology type, industry vertical, as well as regions and countries.

The Global Geospatial Imagery Analytics Market was valued at UЅD $7,632.8 Мn in 2020, and is projected to achieve a valuation of UЅD $56,242.5 Мn by 2030, at a САGR of 26.2%.

Overview:

Geospatial imagery encompasses a wide range of graphical products that convey information about natural phenomena and human activities occurring on the Earth’s surface. Geospatial imagery analytics provides video and image data of the Earth with the help of satellites. End-users utilize this data to determine future risk and contingency plans.

Dynamics:

Several industry players are gradually focusing on numerous progressions in the fields of IoT, artificial intelligence and big data, to name a few, and are steadily incorporating innovative technologies such as remote sensing, Geographical Information Systems (GIS), and GPS radionavigation systems, etc. for their respective business-related requirements. This is a primary factor that is expected to exponentially fuel the revenue growth of the global geospatial imagery analytics market over the next 10 years. Moreover, the increasing in investments from respective governing bodies towards the development of improved geospatial technologies for cross-border anti-terrorist monitoring purposes, for example, is also a factor that is slated to unfurl more opportunities for increased market growth in the coming years.

Furthermore, the sudden expansion of the e-commerce and private logistics industries has led to the need for continually improved geospatial imagery analytic solutions. This is a major factor that is anticipated to play a crucial role in boosting the revenue growth of the global geospatial imagery analytics market over the next decade.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global geospatial imagery analytics market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry. In addition, the enforcement of stringent regulations and legal guidelines concerning intellectual property rights, data collection, the use and storage of geospatial data, etc., is also a factor that may impede on the revenue growth of the global geospatial imagery analytics market in the years to come.

Nonetheless, the growing use of smart phones and other mobile devices, as well as the increasing use of location-based services are some of the other factors that are anticipated to have a profound influence on the revenue growth of the global geospatial imagery analytics market over the forecast period.

Segmentation of the Global Geospatial Imagery Analytics Market is as follows:

In terms of product type, the image-based segment accounted for the maximum number of revenue shares of the global geospatial imagery analytics market in 2020, and is expected to index a high CAGR over the forecast period. However, the video-based segment is anticipated to index the highest CAGR over the next 10 years.

With regards to technology type, the remote sensing segment accounted for the highest number of revenue shares of the global geospatial imagery analytics market in 2020, and is anticipated to continue doing so over the next decade. The geographical information systems segment is also indicative of registering a high CAGR over the forecast period.

On the basis of industry vertical, the government/public services segment accounted for the majority number of revenue shares of the geospatial imagery analytics market in 2020, and in indicative of continuing to do so over the next decade. The construction & infrastructure segment is also expected to index considerable revenue growth over the next 10 years.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global geospatial imagery analytics market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. However, the markets in the Asia pacific region are anticipated to index the highest CAGR over the course of the forecast period.

Segmentation of the Global Geospatial Imagery Analytics Market:

Segmentation by Product Type:

• Video-based
• Image-based

Segmentation by Technology Type:

• Global Positioning Systems (GPS)
• Geographical Information Systems (GIS)
• Remote Sensing
• Other Technologies

Segmentation by Industry Vertical:

• Government/ Public Service
• Aerospace & Defense
• Construction & Infrastructure
• Energy, Utilities & Natural Resources
• Other Industry Verticals

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA