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 News

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. 
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FAQs

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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