What is the global market size of Geospatial Imagery Analytics Market?

Global Geospatial Imagery Analytics Market size was valued at USD 9.1 billion in 2021 and is poised to grow from USD 11.47 billion in 2022 to USD 72.84 billion by 2030, at a CAGR of 26.0% during the forecast period (2023-2030).

Who are the key vendors in the Global Geospatial Imagery Analytics Market?

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. 'DigitalGlobe, Inc.', 'Airbus Defense and Space', 'UrtheCast Corp.', 'Harris Corporation', 'Google LLC', 'Trimble Inc.', 'Maxar Technologies Inc.', 'Hexagon AB', 'ESRI Inc.', 'Planet Labs Inc.', 'TomTom N.V.', 'Geospatial Intelligence Pty Ltd', 'Geosys Technology Solutions Inc.', 'Fugro N.V.', 'Oracle Corporation', 'Earth-i Ltd.', 'Satellogic S.A.', 'Satellite Imaging Corporation', 'The Sanborn Map Company, Inc.', 'GeoSpoc Pte Ltd'

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.

Geospatial Imagery Analytics Market Report Snapshots

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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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Geospatial Imagery Analytics Market Insights

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What is the global market size of Geospatial Imagery Analytics Market?

Who are the key vendors in the Geospatial Imagery Analytics Market?

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