Geospatial Imagery Analytics Market Size By Analytics Type (Image-based, Video-based), By Deployment Model (On-premise, Cloud), By Collection Medium (Geographic Information System (GIS), Satellite Imagery, UAV), Application & Forecast 2023-2032

Geospatial Imagery Analytics Market Size

Geospatial Imagery Analytics Market size surpassed USD 6 billion in 2022 and is projected to register 20% CAGR from 2023 to 2032.
 

Several technological innovations are being introduced in image & video analytics, making it easier for companies to carry out their daily business operations. This is expected to increase demand for geospatial imagery analytics, which leverages time & location information captured by satellites, Unmanned Aerial Vehicle (UAV) and Geographic Information System (GIS) within the conventional data processes. Logistics & transportation companies are thus using location-based technologies on a large scale to enhance their fleet operations, which will further boost the industry progress.

 

However, one of the major factors impeding geospatial imagery analytics market growth is the increasing complexity of geospatial analytics systems. These systems are being integrated with remote sensing and other technologies to analyse the data, making them more complicated in their functioning. As new technologies are being added to enhance the capabilities of geospatial imagery analytics, it might become quite difficult for businesses to combine new applications with legacy ones.
 

Growing usage of video mapping software to spur adoption of video analytics solutions

Geospatial imagery analytics market from the video analytics segment is projected to observe 25% growth rate through 2032. This expansion is credited to the robust espousal of video mapping software for a wide range of mobile inspections and monitoring operations. The software allows users to synchronize the playback of geospatial video files that have been collected simultaneously. This enables users to create seamless video footage, making it easier to identify and inspect suspicious activities, which may improve the usage of geospatial video analytics solutions.
 

Geospatial Imagery Analytics Market Analysis

The cloud geospatial imagery analytics industry is poised to attain 20% gains between 2023 and 2032. The rising complexity associated with storing geospatial data is prompting enterprises to switch to cloud-based applications. With the rising popularity of cloud platforms, the requirement of cloud GIS is set to increase. With these solutions organizations do not need to focus on updating their infrastructure at regular intervals, making it more convenient for them to manage and map records on cloud, fueling product demand.
 

The UAV segment in the industry is slated to observe 25% growth rate through 2032. The strong demand for collecting accurate as well as high-resolution geospatial data is encouraging enterprises to adopt solutions such as UAVs. Drone manufacturers across the world are developing new and high-tech products to cater to the changing needs of defense, mining, agriculture and construction sectors, further speeding up the production of  UAVs.
 

BFSI and other applications in geospatial imagery analytics market is estimated to foresee 15% growth during 2023-2032. These analytics solutions are being extensively used in sectors such as BSFI, as they facilitate safe monetary transaction route analysis and assist banks and financial institutions in managing their ATM networks efficiently. By using advanced maps and spatial analytics solutions, banking institutions can gain deeper insights into their relationships with clients to make informed decisions.
 

The Europe geospatial imagery analytics market is set to capture around 25% of the revenue share by 2032. Regional governments are introducing a variety of space-related projects and programs, offering financial and infrastructural support to space research organizations for smoother execution of their mission. The regional defense sector is also perceiving robust expansion, which has prompted authorities to invest in unique defense technologies. These solutions are thus being widely used in a variety of defense and intelligence applications to facilitate the transmission of vital information in real-time.
 

Geospatial Imagery Analytics Market Share

Top companies operating in the geospatial imagery analytics market are:

• Alteryx Inc
• AeroVironment
• Alphabet Inc. (Google)
• Autodesk, Inc
• BlackSky
• TomTom International B.V
• Environmental Systems Research Institute Inc (ESRI)
• Fugro NV
• General Electric
• GeoSpatila Analytics Inc
• Harris Corporation
• Hexagon AB
• Maxar Technologies
• Oracle Corporation
• Planet Labs PBC
• Precision Hawk 
• Satellite Imaging Corporation
• SNC-Lavalin Group
• Trimble Inc

 These leaders are focusing on strengthening their market presence through various strategies, including new product innovations.
 

This market research report on geospatial imagery analytics includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:

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Market, By Analytics type

• Image-based analytics
• Video-based analytics

Market, By Deployment model

• On-premise
• Cloud

Market, By Collection medium

• Geographic Information System (GIS)
• Satellite imagery
• UAV
• Others

Market, By Application

• Agriculture
• Construction
• Mining
• Oil & Gas
• Telecommunication
• Government
• Transportation & logistics
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • UAE
  • Saudi Arabia
  • Israel