Geospatial Imagery Analytics Market Size And Future Growth 2022-2030
The Geospatial Imagery Analytics market industry is projected to grow from USD 22.1 Billion in 2023 to USD 35.6 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.05% during the forecast period (2023 - 2030).
Shraddha Nevase
Overview
The Geospatial Imagery Analytics Market is anticipated to grow by USD 35.6 Billion by 2030 rapidly growing at a CAGR of 7.05% during the forecast period. The global geospatial imagery analytics market is driven by growing use of location-based services, increasing demand for geospatial analytics for applications for defense and surveillance, and growth in big data technologies. These factors have helped shape the geospatial imagery analytics market and are expected to boost the growth. Companies in the geospatial imagery analytics market could also face challenges such as strict laws and regulations of the government for the use of geospatial information. The details covered in the geospatial imagery analytics market report cover all the aspects of the industry. Analysts studying the geospatial imagery analytics market have also shared growth projections in the report and have suggested geospatial imagery analytics market players to plan business strategies accordingly.
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Market Segmentation
The global geospatial imagery analytics market has been segmented based on type, application, and end users. On the basis of type, the market for geospatial imagery analytics is segmented based on imagery analytics and video-based analytics. Additionally, the market on the basis of applications, is segmented into aircraft, geographic information system (GIS), space & satellites, drones/UAVs, and others. The global market for geospatial imagery analytics is also covered based on the verticals segment which is further split into agriculture, energy & utility, environmental monitoring, healthcare & life sciences, manufacturing, mining,defense & security, and others.
Factors like growing use of location-based services, increasing demand for geospatial analytics for technologies for defense and enforcement, and growth in big data technologies support the geospatial imagery analytics market growth. The performance of the geospatial imagery analytics market has also been studied for the past and current years. Additionally, the geospatial imagery analytics market report provides analysis of these segments. The geospatial imagery analytics market segmental analysis provided in the report offers major details about the geospatial imagery analytics market based on the data and forecasts till 2023.
Regional Overview
Companies in the geospatial imagery analytics market are spread across the world. The geospatial imagery analytics market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American geospatial imagery analytics market has many companies across the United States, Canada, and Mexico. The geospatial imagery analytics market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the geospatial imagery analytics market can be found in the market research report. Europe has companies in the geospatial imagery analytics market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the geospatial imagery analytics market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Competitive Landscape
The geospatial imagery analytics market is supported by increasing mobile digital technology and expansion, network integration, smart cars, and IoT. The population growth around the world and increasing demand of geospatial imagery analytics market based services and products also support the market growth. However, the geospatial imagery analytics market growth can be affected due to stringent government rules and regulations. The report covers all such details which will help companies in the geospatial imagery analytics market to strengthen their business plan and improve their product portfolio. The geospatial imagery analytics market research report also provides company profiles of major companies. The company profiles of many organizations operating in the geospatial imagery analytics market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the geospatial imagery analytics market. New companies and established businesses can plan their strategies based on this data provided in the geospatial imagery analytics market research report.
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Industry News
NV5 Geospatial extended its Canadian activities and was chosen to provide aerial photographs and geospatial data for initiatives covering five provinces in Canada. Most recently, NV5 Geospatial received and acquired information for the Montréal Metropolitan Community. The Montreal Topobathymetric Lidar Survey is only one of many NV5 Geospatial projects conducted over the previous financial year.
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