Geospatial imagery analytics are used for various applications such as agriculture, defense and security, mining and manufacturing, healthcare, and insurance.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Geospatial Imagery Analytics Market – A Global and Regional Analysis.
According to this study, the market size of global geospatial imagery analytics was valued at $24.25 billion in 2021 and is projected to reach $32.78 billion by 2032.
The following factors are responsible for the increase in demand for geospatial imagery analytics:
The detailed study is a compilation of 75 market data tables and 17 figures spread through 164 pages.
Check out the detailed table of content here:
Analyst’s Take on the Market Projection
According to Arunkumar Sampathkumar, Principal Analyst, BIS Research, “The rising demand for geospatial imagery analytical services across multiple industries such as environmental monitoring, agriculture, energy, defense, business intelligence, finance, construction and infrastructure, and oil and gas will drive business opportunities for the key players in the geospatial imagery analytics market. Hence, the market is expected to grow significantly during the forecast period 2022-2032.”
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Existing Competitive Landscape
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are
Recent Developments in the Global Geospatial Imagery Analytics Market
Analytics to be the Leading Solution Segment for the Geospatial Imagery Analytics Market
The global geospatial customer base is adopting advanced street maps, satellite imagery, and route planners to gain location intelligence and identify the area of choice. Such intelligence merges the capabilities of geospatial technologies, data analytics, and artificial intelligence to visualize geographical patterns, routes, and spatial trends to plan, map, and optimize the positional dimension of geospatial data.
The global geospatial imagery analytics market by solution includes imagery delivery platform, analytics, data processing, and data acquisition. Out of these, the analytics solution is expected to dominate the market with a share of 42.60% in 2032.
Following the analytics solution, it will be the integrated delivery platform segment that is anticipated to emerge as the second dominant segment in the solution segment by 2032, growing at the CAGR of 2.86% during the forecast period 2022-2032.
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
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