Global Geospatial Imagery Analytics Market

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 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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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).

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. '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)'

The growing adoption of location-based services in various industries, including agriculture, defense, and urban planning, is driving the demand for geospatial imagery analytics.

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.

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.

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Global Geospatial Imagery Analytics Market

Report ID: SQMIG45A2066

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