Geospatial Imagery Analytics Market by Type (Imagery Analytics, Video Analytics), Collection Medium (GIS, Satellites, UAVs), Vertical (Defense & Security, Insurance, Agriculture, Healthcare & Life Sciences), and Region - Global Forecast to 2022

Published: September 2017
No. of Pages: 118
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“Advancements in the field of geospatial imagery analytics resulting from the integration of artificial intelligence and Big Data are expected to drive the growth of the market”

The geospatial imagery analytics market is projected to grow from USD 3.41 billion in 2017 to USD 13.21 billion by 2022, at a CAGR of 31.1% during the forecast period. This growth can be attributed to the significant advancements in geospatial imagery analytics with the introduction of artificial intelligence and Big Data and the need for enterprises to ensure market competitiveness.

“Based on type, the imagery analytics segment is estimated to lead the geospatial imagery analytics market in 2017”

Based on type, the imagery analytics segment is estimated to lead the geospatial imagery analytics market in 2017.The growth of this segment can be attributed to the increased adoption of imagery analytics solutions across various industries for improving operational efficiency and informed decision-making.

“Based on collection medium, the Geographic Information Systems (GIS)segment is estimated to lead the geospatial imagery analytics market in 2017”

Based on collection medium, the Geographic Information Systems (GIS) segment is estimated to lead the geospatial imagery analytics market in 2017. GIS works as a primary medium of data collection for geospatial imagery analytics, owing to the increased adoption of these systems in various industries. The integration of GIS and imagery analysis has facilitated the analysis of massive volumes of image information.

“Based on vertical, the defense & security is estimated to lead the geospatial imagery analytics market in 2017”

Based on vertical, the defense & security segment is estimated to lead the geospatial imagery analytics market in 2017. The increased adoption of geospatial imagery analytics solutions by the defense & security vertical can be attributed to the need for intelligence and surveillance data for investigative activities.

“The geospatial imagery analytics market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period”

Based on region, the geospatial imagery analytics market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. This market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. The growth of the geospatial imagery analytics market in Asia Pacific is mainly driven by the adoption of geospatial imagery analytics solutions by organizations operating in various sectors, such as engineering & construction, mining & manufacturing, insurance, agriculture, and healthcare & life sciences. Organizations are utilizing geospatial technologies to identify potential markets to enhance their growth prospects and undertake strategic decisions. Moreover, there has been a significant increase in the adoption of geospatial imagery analytics solutions in Southeast Asian countries, such as Singapore, Thailand, and the Philippines.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the geospatial imagery analytics market. The breakdown of primary participants is listed below.

  • By Company Type: Tier 1:40%, Tier 2:40%, and Tier 3: 20%
  • By Designation: C-Level: 45%, D-Level:35%, and Others: 20%
  • By Region: North America:30%, Europe: 35%,Asia Pacific: 20%, and RoW: 15%

Key vendors profiled in the report are as follows:

  • Hexagon AB (Sweden)
  • Harris Corporation (US)
  • DigitalGlobe (US)
  • Esri (US)
  • Google (US)
  • Trimble (US)
  • RMSI (India)
  • Planet Labs (US)
  • UrtheCast Corporation (Canada)
  • Fugro N.V.(Netherlands)
  • Key WCorporation(US)
  • Satellite Imaging Corporation (US)

Research Coverage

The geospatial imagery analytics market has been segmented on the basis of type, collection medium, vertical, and region. Based on collection medium, the geospatial imagery analytics market has been classified into Geographic Information Systems (GIS), satellites, Unmanned Aerial Vehicles (UAVs), and others(helicopters, aircraft, helikites, kites, balloons, and airships).Based on vertical, the geospatial imagery analytics market has been categorized into defense & security; government; environmental monitoring; energy, utility, and natural resources; engineering & construction; mining & manufacturing; insurance; agriculture; healthcare & life sciences; and others(education, forensics, and space exploration & oceanographic exploration). Based on region, the geospatial imagery analytics market has been classified into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Key Benefits of Buying the Report:

The report will help market leaders and new entrants in the geospatial imagery analytics market in the following ways:

The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues of the geospatial imagery analytics market and its subsegments. This report will also help stakeholders understand the competitor landscape, gain insights to better position their businesses, and implement suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets6


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