Geospatial analysis is a process that involves the collection, and manipulation of GIS (Geographic Information System) including satellite photographs, GPS, and historic information. As technology provides geographic models that can help in understanding historical changes and predict the shifts that are underway, its demand among various industries has been noteworthy. The powerful ability to reveal insights and opportunities of the future provided by geospatial analysis is a key factor driving the geospatial imagery analytics market globally.
MARKET SCOPE
The "Global Geospatial Imagery Analytics Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the geospatial imagery analytics market with detailed market segmentation by analytics type, collection medium, industry vertical, and geography. The report provides key statistics on the market status of the leading geospatial imagery analytics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- ?Based on analytics type, the market is segmented into image analytics and video analytics.?Based on collection medium, the market is segmented into Geographic Information System (GIS), satellite imagery, and unmanned aerial vehicle.?Based on industry vertical, the market is segmented into energy, engineering and construction, defense and security, environmental monitoring, agriculture and forestry, transportation, and others.
Drivers
- ?The rising demand for geospatial analytics solutions and the technological innovations in geospatial imagery are driving the growth of the geospatial imagery analytics market.
- ?Lack of expertise may hinder the growth of the geospatial imagery analytics market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The geospatial imagery analytics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the geospatial imagery analytics market in these regions.
IMPACT OF COVID-19 ON GEOSPATIAL IMAGERY ANALYTICS MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the geospatial imagery analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the geospatial imagery analytics market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the geospatial imagery analytics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ?ALTERYX, INC.?BAE Systems?Esri?Google LLC?Hexagon?L3Harris Technologies, Inc.?Maxar Technologies?Orbital Insight?RMSI?Trimble Inc.