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Global Geospatial Imagery Analytics Market – What Are The Main Factors That Contributing Towards Industry Growth?

Global Geospatial Imagery Analytics Market

Market Overview:
The Global Geospatial Imagery Analytics Market was valued at USD 2.84 billion in 2016 and is projected to reach USD 33.67 billion by 2025, growing at a CAGR of 31.62% from 2017 to 2025.

Geospatial Imagery Analytics support to integrate, gather, operate, display, and examine geospatial data which is collected through satellite imagery, GPS, geotagging, mapping sources to create significant information that are important for making important business decisions. Geospatial Imagery analysis system helps private as well as government sectors to make knowledgeable conclusions about businesses and also examine risk assessment and mitigation disaster management, urban planning, and climatic conditions.

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Market Dynamics:
1. Market Drivers
1.1 Rising usage of location-based services
1.2 Growing advancements in geospatial imagery analytics
1.3 Introduction of artificial intelligence and big data
2. Market Restraints
2.1 Issues with the integration of geospatial imagery analytics data with enterprise solutions
2.2 Implementation of several government regulations

Market Segmentation:
The Global Geospatial Imagery Analytics Market is segmented on the Technology, Imaging Type, Analysis, vertical, and region.

1. Technology:
1.1 Geographical Information Systems (GIS)
1.2 Global Positioning Systems (GPS)
1.3 Remote Sensing

2. Imaging Type:
2.1 Image
2.2 Video

3. By Analysis:
3.1 Network Analysis
3.2 Surface Analysis
3.3 Geovisualization

4. By Vertical:
4.1 Healthcare
4.2 Government
4.3 Defense and Security
4.4 Environment Monitoring
4.5 Engineering and Construction
4.6 Agriculture
4.7 Energy and Utilities
4.8 Others

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Satellite Imaging Corporation
2. Fugro N.V.
3. Environmental Systems Research Institute
4. Harris Corporation
5. Google
6. Hexagon AB
7. KeyW Corporation
8. DigitalGlobe
9. UrtheCast Corporation
10. Trimble
11. Planet Labs
12. RMSI

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Geospatial Imagery Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team

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