Global Geospatial Imagery Analytics Market Expected to Reach USD 21,200 Million by 2024

15-May-2018 | Zion Market Research

The new report by Zion Market Research on the “Geospatial Imagery Analytics–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024" has vast information about the market and its potential. The global geospatial imagery analytics market was valued at around USD 2,640 million in 2016 and it is expected to reach more than USD 21,200 million by 2024. The global geospatial imagery analytics market is expected to grow at a CAGR of around 30% between 2017 and 2024.

Increasing need for the real-time location tracking is the key driving factor for the growth of the geospatial imagery analytics market. Additionally, increasing huge amount of data from global navigation satellite systems, aerial surveys using photographic cameras, satellite remote sensing, digital cameras, radar, and LiDAR are increasing the demand for the geospatial imagery analytics market. 

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Browse the full report “Geospatial Imagery Analytics Market by Type (Image Analytics and Video Analytics); by Technology (GIS/GPS/GNSS, Remote Sensing, Mobile Mapping/Handheld, and Office & Field Software); for Application (Weather Monitoring, Security & Law Enforcement, Crisis Management, Climate Change Modeling, and Population Forecasting & Management); by Vertical (Defense & Security, Government, Environmental Monitoring, Mining & Manufacturing, Energy & Utility, Construction, Agriculture, Healthcare, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” report at https://www.zionmarketresearch.com/report/geospatial-imagery-analytics-market

Our research analysts during primary and secondary research observed that rising trend of smart cities and urbanization across the globe along with the integration of geospatial technology is expected to boost the revenue of GIS (geographic information system) segment.

The geospatial imagery analytics market has been segmented on the basis of type, technology, application, vertical, and region. 

Global Geospatial Imagery Analytics Market

Global Geospatial Imagery Analytics Market: By Type Segment Analysis

  • Image Analytics
  • Video Analytics

Global Geospatial Imagery Analytics Market: By Application Segment Analysis

  • Weather Monitoring
  • Security & Law Enforcement
  • Crisis Management
  • Climate Change Modeling
  • Population Forecasting & Management

Global Geospatial Imagery Analytics Market: By Technology Segment Analysis 

  • GIS/GPS/GNSS
  • Remote Sensing
  • Mobile Mapping / Handheld
  • Office & Field Software

Global Geospatial Imagery Analytics Market: By Vertical Segment Analysis

  • Defense & Security
  • Government
  • Environmental Monitoring
  • Mining & Manufacturing
  • Energy & Utility
  • Construction
  • Agriculture
  • Healthcare
  • Others

Global Geospatial Imagery Analytics Market: By Region Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

By type, image analytics segment held the largest market share of 60% in 2016. Technological advancement has increased the demand for image analytics segment. Rising need for face recognition, barcodes, and QR codes is expected to drive the demand for image analytics segment over the forecast period.

Weather monitoring segment is expected to grow with the highest CAGR of 32% over the forecast period. Increasing demand for accurate weather forecasts for temporal scales and different spatial information has triggered the demand for the segment. In order to better understand the future climatic variations and changes in the environment reliable information is required. Owing to these factors it is anticipated that the weather monitoring segment will register a significant growth in the coming years.

The technology segment is segmented into GIS/GPS/GNSS, remote sensing, mobile mapping/handheld, and office & field software. GIS is a computer-based tool which helps in analyzing the changing conditions of the earth. Geographic information system provides tools for analysis and manages location-based information of a range of statistics such as economic development opportunities, population characteristics, and vegetation. Thus, GIS segment held the largest market share of 33.81% in 2016. 

By vertical, the healthcare segment is anticipated to grow at a rapid rate in the forecast period. Advanced technologies such as geospatial and IoT provide tools for modern healthcare sector to run more effectively and efficiently. Healthcare industry is using GIS in areas of medical research and epidemiology to deliver better insights to data and analysis. Owing to rising use of geospatial imagery analytics in the healthcare sector the segment will register the highest CAGR during the forecast period. 

North America region is anticipated to grow with the highest CAGR of 33% over the forecast period. Geospatial imagery analytics offer benefits to the organizations by providing analyzed data. For the development of the smart cities, there is an increased requirement for exact base maps and utilities which is provided by the geospatial imagery analytics. Growing development rate of smart cities across the North American region is expected to boost the revenue of the geospatial imagery analytics market. 

The report also covers detailed competitive outlook including company profiles of the key participants operating in the global geospatial imagery analytics market. The key players included in this market are Digitalglobe Inc., Environmental Systems Research Institute, EOS Data Analytics Inc., Fugro N.V., Geocento, Google Inc., and others. 

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