Geospatial Imagery Analytics Market Regulations and Competitive Landscape Outlook to 2029
Geospatial Imagery Analytics Market size was valued US$ 9.35 Bn. in 2021, expected to grow at a CAGR of 31.23% over 2022-2029, and it is expected to reach US$ 82.29 Bn. in 2029.
Geospatial Imagery Analytics Market Overview:
Geospatial imagery analytics provides image and video data of the earth. Companies in various sectors use the data to determine contingency plans and future risks. Geospatial imagery analytics is mostly used for examining climate conditions, disaster response management and urban planning.
The Geospatial Imagery Analytics Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Geospatial Imagery Analytics Market , as well as the reasons for variations in the industry's growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Segmentation:
Based on Vertical, the agriculture segment is projected to witness the highest CAGR of 32% during 2022-2029. The major factors responsible for the growth of this segment are the growing adoption of drones and remote sensing platforms to improve farming techniques by analysing geospatial data.
The government authorities are taking novel enterprises to improve farming techniques by using remote sensing applications. Such as, Punjab state authorities started using services of the PRSC (Punjab Remote Sensing Centre) to battle against crop residue burning in March 2017.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Geospatial Imagery Analytics Market are as follows:
• Google
• Microsoft
• Trimble
• Maxar Technologies
• Harris Corporation
• UrtheCast
• Oracle
• Alteryx
• Esri
• RMSI
• Hexagon
• TomTom
• Orbital Insight
• Planet Labs
• GeoSpoc
• Geospin
• ZillionInfo
• Sparkgeo
• Geocento
• Mapidea
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Geospatial Imagery Analytics Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Geospatial Imagery Analytics Market :
Due to a break in operations, end-user sectors where Geospatial Imagery Analytics Market are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Geospatial Imagery Analytics Market manufacturers, impacting the growth of the Geospatial Imagery Analytics Market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Geospatial Imagery Analytics Market .
Key Questions Answered in the Geospatial Imagery Analytics Market Report are:
- In 2021, which segment owned the greatest share of the Geospatial Imagery Analytics Market ?
- What is the competitive landscape of the Geospatial Imagery Analytics Market ?
- What are the key factors influencing Geospatial Imagery Analytics Market growth?
- In the Geospatial Imagery Analytics Market , which region has the most market share?
- What will be the CAGR of the Geospatial Imagery Analytics Market over the forecast period (2022-2027)?
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