Geospatial imagery analytics involves the process of analyzing geographic data captured through satellite images, aerial photography, or remote sensing technology. It helps to interpret and extract valuable insights from spatial data to support decision-making in various fields like environmental monitoring, urban planning, agriculture, and disaster management. By utilizing advanced algorithms and machine learning techniques, it enables the detection of patterns, trends, and changes in the Earth's surface.
The geospatial imagery analytics market consists of revenues generated by entities (organizations, sole traders, and partnerships) that specialize in examining and interpreting satellite or aerial images to extract valuable insights about the Earth. This process involves analyzing data from sources like satellite imagery to understand phenomena such as climate conditions, urban planning, and disaster response management.
The global geospatial imagery analytics market was valued at $3,044.72 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 27.00%.
Expansion Of Smart Cities
The expansion of smart cities contributed to the expansion of the geospatial imagery analytics market during the historic period. Smart cities are urban areas that integrate advanced technologies such as internet of things (IoT), artificial intelligence (AI), big data and 5G to enhance infrastructure, improve efficiency, and optimize resource management for a higher quality of life. Their expansion is fueled by government investments in digital infrastructure and technological advancements, enabling real-time data collection for efficient urban planning and public services. As smart cities continue to grow, the demand for geospatial imagery analytics increases, supporting advanced mapping, real-time monitoring, and optimized city management. For instance, in 2023, according to the IMD Smart City Index Report, a Switzerland-based business school, the number of smart cities worldwide has increased from 118 cities in 2021 to 141 cities in 2023. Therefore, the expansion of smart cities has significantly driven the growth of the geospatial imagery analytics market.
Technological Advancements In Geospatial Data Analytics Platforms
Major companies operating in the geospatial imagery analytics market are focusing on developing technologically innovative solutions, such as geospatial data analytics platforms, to enhance data processing capabilities and provide real-time insights across industries. A geospatial data analytics platform is a technology-driven system that processes and analyzes spatial data using AI, machine learning, and geographic information system (GIS) to provide real-time insights for applications like urban planning, agriculture, and disaster management. For instance, in August 2023, Maxar Technologies, a US-based engineering company, launched the Maxar Geospatial Platform (MGP), a comprehensive tool designed to streamline the discovery, purchasing, and integration of geospatial data and analytics. The platform offers access to Maxar's high-resolution satellite imagery, imagery basemaps, 3D models, and other geospatial data products through applications like MGP Xpress and MGP Pro. Additionally, MGP APIs facilitate seamless integration with existing systems, enhancing decision-making and workflow efficiency across various industries.
The global geospatial imagery analytics market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 31.41% of the total market in 2023.
Geospatial Imagery Analytics Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global geospatial imagery analytics market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for geospatial imagery analytics? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The geospatial imagery analytics market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider geospatial imagery analytics market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by geospatial technology, by end user, by deployment mode and by organization size.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by geospatial technology, by end user, by deployment mode and by organization size in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for geospatial imagery analytics providers in terms of product/service offerings geographic expansion, marketing strategies and target groups
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Satellite Imagery Analysis; Aerial Imagery Analysis; Drone Imagery Analysis; Multispectral And Hyperspectral Imagery Analysis
- 2) By Geospatial Technology: Global Positioning System (GPS); Geographical Information System (GIS; Remote Sensing (RS); Unmanned Aerial Vehicles (UAVs)
- 3) By End User: Agriculture; Mining And Manufacturing; Defense And Security; Energy Utilities And Natural Resources; Government; Healthcare; Insurance; Other End Users
- 4) By Deployment Mode: Cloud; On-Premises
- 5) By Organization Mode: Large Enterprises; Small- And Medium Enterprises
- Companies Mentioned: Hexagon AB; Oracle Corporation; L3Harris Technologies Inc.; Maxar Technologies; ESRI (Environmental Systems Research Institute)
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; geospatial imagery analytics indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.