Market Research Report
Global Geospatial imagery analytics market Research and Forecast, 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||801126|
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|Global Geospatial imagery analytics market Research and Forecast, 2019-2025|
|Published: February 25, 2019||Content info:||
Global Geospatial imagery analytics market Size, Share & Trends Analysis Report by End-User (Mining & Manufacturing, Military & Defence, Healthcare & Life Sciences, Agriculture & Forestry, and Others), by Type (Image Analysis and Video Analysis) And Forecast, 2019 - 2025
Global geospatial imagery analytics market is estimated to grow with significant rate during the forecast period. Geospatial image analysis is the generation of data intelligence through the collection of geographic data with the help of satellites, UAVs, geo-tagging, and other sources. Due to increasing technological advancement in the geospatial analysis such as GPS satellites, and integration of various cloud services with geospatial analysis, global geospatial imagery analytics market is estimated to grow during the forecast period. with the increasing demand for LBS (Location Based Service) offerings in various sectors, market players are strengthening the services portfolio for these services. Products including hardware and software are being designed for location-enabled solutions. Wireless devices are developed on location-based services. Consumer electronics, military and defense equipment, surveying devices and others are augmenting the market growth. Global geospatial imagery analytics market is segmented on the basis of end-user and analytics type. On the basis of end-user, the market is segmented into mining & manufacturing, defense & military, healthcare & life sciences, agriculture & forestry, and others. According to type, the market is segmented into image analysis and video analysis.
Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. Due to growing geospatial analytics service demand in defense and military equipment and consumer electronics, North America is growing with a substantial rate. Europe holds a considerable market share. During the forecast period, the global geospatial imagery analytics market is estimated to grow significantly in Asia-Pacific.
Google Inc., Fugro N.V., Environmental Systems Research Institute, Inc., Maxtar Technologies, Inc., KeyW Corp., Harris Corp., Hexagon AB, and Textron Inc. are some of the major market players in global geospatial imagery analytics market. Market players are targeting LBS (Location Based Services) for investment in order to strengthen their product portfolio. LBS will encourage the offerings for various end users including oil & gas industry, logistics, IoT asset tracking, government applications, and others. Government policies regarding geospatial surveys in the territory remain the key challenge ahead of market players. Merger and acquisition are strengthening the market position of the major market players.
The market study of the global geospatial imagery analytics market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for ICT companies, research organizations, companies working on advanced technology, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.