USD 11.47 billion
Geospatial Imagery Analytics Market Size, Share, Growth Analysis, By Type(Imagery Analytics and Video Analytics), By Deployment(Cloud and On-premises), By Collection Medium(Geographic Information System, Satellites, Unmanned Aerial Vehicles, and Others), By Organization Size(Large enterprises, and Small and medium-sized enterprises (SMEs)), By Application(Surveillance and Monitoring, Construction & Development, Energy & Resource Management, Conservation & Research), By Vertical(Government, Defense & Security, Energy, Utility & Natural Resources), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45A2066 |
Region:
Global |
Published Date: September, 2024
Pages:
197
|Tables:
154
|Figures:
78
Geospatial Imagery Analytics Market Insights
Global Geospatial Imagery Analytics Market size was valued at USD 11.47 billion in 2022 and is expected to rise from USD 14.45 billion in 2023 to reach a value of USD 91.81 billion by 2031, at a CAGR of 26.0% during the forecast period (2024–2031).
Developing geospatial imagery analytic therapies through big data and artificial intelligence (Al) and intense competition among market players are driving the worldwide geospatial image analytic market. Additionally, the market for geospatial image analytics will grow in the future due to increased revenue and advancements in analytical technologies. The desire for small satellites and the growing requirement for geospatial image analytics for national security and safety are two further issues that may slow the rate of market expansion.
Additionally, the market for geospatial imaging analytics is expected to grow positively due to the spread of 5G networks and the rise in LoT devices. The government's strict geospatial data standards hinder geospatial image analytics.
Market Snapshot - 2024–2031
Global Market Size
Largest Segment
Cloud
Fastest Growth
Cloud
Growth Rate
26.0% CAGR
Global Geospatial Imagery Analytics Market ($ Bn)
Country Share for North America Region (%)
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Geospatial Imagery Analytics Market Segmental Analysis
The global geospatial imagery analytics market is segmented based on type, collection medium, deployment mode, organization size, Vertical and region. In terms of type, the market is segmented into Imagery analytics and Video analytics. With respect to deployment mode, the market is segmented into on-premises and clouds. Based on Collection Medium, the market is segmented into Geographic Information System, Satellites, Unmanned Aerial Vehicles, and Other. Based on Application, the market is segmented into Surveillance and Monitoring, Construction and Development, Energy and Resource Management, Conservation and Research, Disaster Management, Exhibition and Live Entertainment, and Others. Based on organization type, the market is segmented into large enterprises and Small-Medium sized enterprises (SMEs). Based on vertical, the market is segmented into insurance, government, defense & security, energy, utility & natural resources, environment monitoring, mining & manufacturing, engineering & construction, agriculture, healthcare & life sciences, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Geospatial Imagery Analytics Market Analysis by vertical
Various industries are represented in this market, including engineering and construction, mining and manufacturing, agriculture, insurance, healthcare, environmental monitoring, energy, utility, and natural resources. The environmental monitoring sector has shown the highest growth rate with a CAGR of 8.2% during the projection period, leading the market by providing real-time data for informed decisions and valuable insights in the vertical. This sector offers specific information crucial for understanding climate change.
The defense and security market, on the other hand, is the second largest and Following closely is the defense and security market, projected to grow at a CAGR of 5.1% over the forecast period. The European defense industry is experiencing rapid expansion, prompting increased investments in advanced defense technologies by governments. The emergence of Geospatial Imagery Analytics (GIA) market trends will greatly benefit the defense and government sectors. Timely action will also prove advantageous for disaster prevention. While the outbreak significantly impacted the value chain, once controlled, the market is expected to flourish.
Geospatial Imagery Analytics Market Analysis by Deployment
The cloud segment will have a market share of more than 60% during the forecast period. This market is expected to increase at a CAGR of 10.2% over the forecast period. Due to the increasing complexity of geospatial data storage, businesses are shifting to cloud-based geospatial imaging analytics software. As cloud platforms gain prominence, the use of cloud GIS is projected to rise. Organizations may more easily handle and map data on the cloud with the help of these products because they no longer need to focus on upgrading their infrastructure on an ongoing basis, which boosts product uptake.
The on-premises segment, on the other hand, is expected to increase at a CAGR of 7.8% during the projection period. Owing to the on-premises deployment technique, businesses can install the GIS platform directly on their servers. It also offers enhanced performance, enhanced security management, updated software, and customized security settings. All of these elements are projected to intensify segment expansion in the future years.
Global Geospatial Imagery Analytics Market Size By Deployment (%)
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Geospatial Imagery Analytics Market Regional Insights
The North American region is anticipated to dominate the market with a CAGR of 5.81% over the forecast period. The market in this region is growing as a result of increased investments in new or updated satellite systems. The increasing use of drone technology to support industrial clients in areas like construction, agriculture, and disaster management is driving the market's expansion. The existence of multiple industrialized economies, particularly Canada and the United States, as well as an emphasis on R&D and various technologies, are assisting the regional market's growth.
The Asia-Pacific region is predicted to grow at the quickest rate during the forecast period, with a CAGR of 10.39%. The region's rising economies, notably those of India, China, and Indonesia, have resulted in a significant increase in urban inhabitants. As a result of this growth, there is a high demand for smart infrastructure, well-planned urban landscapes, and smart cities. China, South Korea, and India are driving infrastructure developments for 5G and the Internet of Things. As a result of these factors, the APAC geospatial analytics market is expected to grow at the fastest CAGR during the forecast period.
Global Geospatial Imagery Analytics Market Size By Geography
- Largest
- Fastest
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Geospatial Imagery Analytics Market Dynamics
Geospatial Imagery Analytics Market Drivers
Increasing Demand for Location-based Services
- The growing adoption of location-based services in various industries, including agriculture, defense, and urban planning, is driving the demand for geospatial imagery analytics.
Advancements in Satellite Technology
- Advancements in satellite technology, including higher resolution and more frequent imaging, are increasing the availability of geospatial imagery data and driving the growth of the geospatial imagery analytics market.
Geospatial Imagery Analytics Market Restraints
High Cost of Geospatial Imagery Data
- The high cost of acquiring geospatial imagery data is a significant challenge for small and medium-sized enterprises, limiting their ability to adopt geospatial imagery analytics.
Lack of Awareness about Benefits of Geospatial Imagery Analytics
- The lack of awareness about the potential benefits of geospatial imagery analytics in various industries can limit the growth of the market, as potential users may not understand how these technologies can help them.
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Geospatial Imagery Analytics Market Competitive Landscape
The geospatial imagery analytics market is highly competitive, with several key players offering a wide range of solutions and services. These companies are investing in new technologies, strategic partnerships, and acquisitions to stay ahead of the competition.
Geospatial Imagery Analytics Market Top Player’s Company Profiles
- Microsoft (US)
- Google (US)
- Alteryx (US)
- RMSI (India)
- Esri (US)
- TomTom (Netherlands)
- Trimble (US)
- Maxar Technologies (US)
- L3Harris Technologies (US)
- Oracle (US)
- Ola (India)
- Planet Labs (US)
- Hexagon AB (Sweden)
- Orbital Insight (US)
- UrtheCast (Canada)
- Geocento (UK)
- Sparkgeo (Canada)
- Mapidea (Portugal)
- GeoSpin (US)
- OneView (Australia)
- Boston Geospatial (US)
- SafeGraph (US)
- Hydrosat Inc (US)
- GeoVerra (Canada)
- Slingshot Aerospace (US)
Recent Developments of Geospatial Imagery Analytics Market
- In 2023, Google released a new tool called Geospatial Creator, which lets people build impressive, augmented reality (AR) experiences that are both realistic and precise. It uses two Google technologies, Photorealistic 3D Tiles that help create a very detailed 3D map of the world and ARCore is used for building augmented reality apps.
- In April 2023, Hexagon AB launched a mobile app called HxGN AgrOn Control Room. This app is a game-changer for farm managers and directors. It lets them see everything that's happening in their fields, right down to the minute. With real-time data on all their field operations, managers can identify and fix any issues quickly. This saves them precious time and money. But that's not all! The app can also help keep workers safe by allowing managers to track their location and well-being.
- In December 2022, ESRI India made its Indo ArcGIS software available on Indian public cloud platforms, along with related services, which will allow organizations to better manage, collect, predict, and analyze data based on location.
- In May 2022, Trimble introduced the Trimble R12i GNSS receiver, equipped with advanced tilt adjustment functionality. This feature enables land surveyors to complete their tasks more efficiently and precisely by allowing them to concentrate on their work with greater accuracy and speed.
- In May 2021, Foursquare made the purchase of Unfolded, a US-based company specializing in location-based services. Unfolded offers data enrichment analytics and visualization of geographic data. With this acquisition, Foursquare aims to provide users with access to a variety of data sets from both first-party and third-party sources, integrating them with location data.
Geospatial Imagery Analytics Key Market Trends
- Growing demand for high-resolution imagery: With advancements in satellite technology, there is a growing demand for high-resolution imagery that provides more detailed information about the earth's surface. This is driving the development of new satellite constellations and increasing competition among geospatial imagery analytics providers to offer the highest quality data.
- Increasing use of machine learning and AI: The use of machine learning and AI is becoming more prevalent in geospatial imagery analytics, allowing for faster and more accurate image analysis. This trend is expected to continue as companies invest in developing new algorithms and improving their analytics capabilities.
- Integration with other technologies: Geospatial imagery analytics is increasingly being integrated with other technologies such as drones, IoT sensors, and big data analytics to provide more comprehensive insights. This integration is driving innovation and creating new opportunities for companies in the industry.
- Growing demand for location-based services: The growing demand for location-based services across industries is driving the adoption of geospatial imagery analytics. Companies are leveraging this technology to gain insights into customer behavior, optimize supply chains, and monitor infrastructure projects, among other use cases.
- Increasing focus on sustainability: Sustainability has become a major focus in the geospatial imagery analytics market, with companies leveraging these technologies to monitor and manage natural resources, track environmental changes, and support conservation efforts.
- Growing demand for location-based services: The growing demand for location-based services across industries is driving the adoption of geospatial imagery analytics. Companies are leveraging this technology to gain insights into customer behavior, optimize supply chains, and monitor infrastructure projects, among other use cases.
Geospatial Imagery Analytics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global geospatial imagery analytics market analysis, we found that the market is being driven by the use of big data and Artificial Intelligence (Al) to build geospatial imagery analytic remedies, as well as fierce competition among competitors in the market. Furthermore, higher income and developments in analytic technology will boost the geospatial image analytics market ahead. Other factors such as increased need for geospatial imaging analytics for national safety and security, as well as an increase in demand for tiny satellites, can cushion the pace of market growth. The growing demand for location-based services across industries is driving the adoption of geospatial imagery analytics. Companies are leveraging this technology to gain insights into customer behavior, optimize supply chains, and monitor infrastructure projects, among other use cases.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 11.47 billion |
| Market size value in 2031 | USD 91.81 billion |
| Growth Rate | 26.0% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Geospatial Imagery Analytics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Geospatial Imagery Analytics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Geospatial Imagery Analytics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Geospatial Imagery Analytics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Geospatial Imagery Analytics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Geospatial Imagery Analytics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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