The geospatial imagery analytics market is anticipated to grow by US$11.16 billion by 2023 rapidly growing at a CAGR of 24.57% 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.
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Global Geospatial Analytics Market ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site.
Novel coronavirus has Global Geospatial Analytics Market to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Global Geospatial Analytics Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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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.
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.
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.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table1 Global Geospatial Analytics Market: By Region, 2020-2027
Table2 North America Geospatial Analytics Market: By Country, 2020-2027
Table3 Europe Geospatial Analytics Market: By Country, 2020-2027
List of Figures
FIGURE 1 Global Geospatial Analytics Software Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Geospatial Analytics Software Market
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