Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Geospatial Imagery Analytics Market Overview
Geospatial imagery analytics is a wide range solution system which provides both image and video data of the earth. Geospatial imagery analytics support to integrate, operate, gather, examine and display geospatial data which is collected through GPS, satellite imagery, mapping and many other sources. Geospatial imagery analysis provides precise images related to 2D and 3D analysis. Geospatial imagery analytics supports private as well as government sectors and also inspect risk assessment and mitigation disaster management, climatic conditions and urban planning.
Market Size and Forecast
The geospatial imagery analytics market, in terms of value, is estimated USD 3.75 Billion in 2017 and is expected to grow rapidly during the forecasted period at a good CAGR. Development of geographic information system (GIS) technology and convergence of geospatial information with conventional technologies are expected to stimulate the growth of geospatial imagery analytics market globally over the forecasted period. Increase in requirement for geospatial data from the mining, engineering, manufacturing and construction industries are also expected to increase the growth of geospatial imagery analytics market globally.In terms of regional platform, Europe holds the latest market share in geospatial imagery analytics market due the advance infrastructure for image collection and calibration which in turn provides a promising environment for the adoption of geospatial imagery analytics technology. Technological advancements and rapid digitalization across all industries are expected to bolster the growth of the geospatial imagery analytics market in this region.CLICK TO DOWNLOAD FREE SAMPLE
Asia Pacific is expected to be the fast growing market for geospatial imagery analytics in terms of revenue due to larger number of internet users and increasing adoption of connected devices. Increasing growth of imagery technologies along with demand for customization especially in developing economies such as China and India are expected to spur the growth of geospatial imagery analytics market in this region over the forecasted period. Growing large number of startups and government investments in geospatial imagery technology are also expected to drive the market of geospatial imagery analytics in this region.North America is expected to show to a rapid growth during the forecasted period. For the progress of smart cities there is a high requirement for exact base maps and utilities which are provided by the geospatial imagery analytics technology. These factors are expected to stimulate the growth of geospatial imagery analytics market in this region. Rise in the production of geospatial imagery analytics due to the demand for geospatial imagery analytics in wide range of verticals such as environment monitoring, defense & security, mining & manufacturing, government, utility & natural resources, engineering & construction, insurance, agriculture, healthcare & life sciences and other markets in this region are expected to spur the growth of geospatial imagery analytics market over the forecasted period.
Market Segmentation
Our-in depth analysis of the global geospatial imagery analytics market includes the following segments:
By Analytics
By Technology
By Vertical
By Application
By Region
Global geospatial imagery analytics market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Growing commercialization of spatial data, increasing demand for safety and security emergence of cloud based geospatial imagery analytics and incorporation of spatial data with conventional technology are the factors expected to stimulate the demand for geospatial imagery analytics market globally over the forecasted period. Growing number of start-ups and increasing developments in analytics technologies are also expected to drive the market of geospatial imagery analytics globally.Growing amount of data from global navigation satellite systems, aerial surveys using photographic cameras, digital cameras, satellite remote sensing and radar are expected to generate a demand for geospatial imagery analytics market globally over the forecasted period. Machine learning and artificial intelligence (AI) helps to process the satellite imagery to identify objects and patterns automatically.
Technological advancements in geospatial imagery analytics have increased the adoption of geospatial technologies such as global positioning system (GPS), remote sensing (RS) and geographical information system (GIS). This factor also expected to spur the growth of geospatial imagery analytics market globally over the forecasted period. Growing penetration of geographical information system technology in the service industry and rising usage of location based data are also the major factors which are expected to boost the market growth of geospatial imagery analytics market globally over the forecasted period.Data accessibility and security are the major concerns for the growth of geospatial imagery analytics market globally.
Key players
Some of the examples of market players in the global geospatial imagery analytics market identified across the value chain include:
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Geospatial Imagery Analytics Market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment.
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