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Geospatial Imagery Analytics Market Size

Report ID: GMI2841
Published Date: Dec 2022
Report Format: PDF

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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.

Geospatial Imagery Analytics Market

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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.

Geospatial Imagery Analytics Market Report Attributes
Report Attribute	Details
Base Year:	2022
Geospatial Imagery Analytics Market Size in 2022:	USD 6 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	20%
2032 Value Projection:	USD 50 billion
Historical Data for:	2018 to 2022
No. of Pages:	300
Tables, Charts & Figures:	351
Segments covered:	Analytics Type, Deployment Model, Collection Medium, Application
Growth Drivers:	Increasing demand for location-based services Convergence of geospatial information with mainstream technologies Growing demand for geospatial imagery analytics in the mining and construction sectors Emergence of cloud-based geospatial imagery analytics Rising demand for geospatial imagery analytics for national security and safety
Pitfalls & Challenges:	Stringent government policies regarding geospatial data Data integration with enterprise solution

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of geospatial imagery analytics crossed USD 6 billion in 2022 and is predicted to record more than 20% gains through 2032, due to the growing usage of location-based technologies in the transport & logistics sector.

The UAV segment is anticipated to exhibit over 25% CAGR through 2032, given the strong demand for collecting accurate as well as high-resolution geospatial data among enterprises operating in different industry verticals.

Europe is projected to held more than 25% of the revenue share by 2032, owing to the introduction of multiple government-sanctioned space-related projects and programs across the region.

Some of the reputed companies operating in the industry include Alteryx Inc., AeroVironment, Alphabet Inc. (Google), Autodesk, Inc., BlackSky, TomTom International B.V., Fugro NV, General Electric, GeoSpatila Analytics Inc, Harris Corporation, Hexagon AB, Oracle Corporation, Precision Hawk, Satellite Imaging Corporation, and Trimble, Inc., among others.