Global Geospatial Imagery Analytics Market

Published - Jan 2017 | Category - ICT and Media | No. of Pages - 100+ | Published By - Infinium Global Research

Report Highlights

The Global Geospatial Imagery Analytics market to grow from USD 2.62 Billion in 2016 to USD 10.34 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.6%. The year 2016 has been considered as the base year, while the forecast period is upto 2021.
Geospatial imagery refers to the image or video data about inner or outer surface of the earth. Analysis of geospatial imagery data helps to provide insights about historical shifts, present occurrences and future predictions about changing earth surface and its impact on human beings. Correlation of geospatial imagery data with other factors such as population, humidity, crop yield, water, insurance etc. helps the government and business organizations to deploy strategies related to different projects.
Increasingly, organizations nowadays are beholding to a variety of data type including social data, text data, machine data, transaction data and diverse forms of analysis in order to achieve long-term sustainability. Geospatial analytics tools are integrated with the other technologies to help in business transformation covering the areas from marketing to operation management. Across the globe, businesses are focusing to incorporate analytics with geographic information system (GIS) to get insights from Real time market intelligence; to strategize the business and thereby boosting the growth of Geospatial Imagery Analytics market.
The Geospatial Imagery Analytics adds geographic context to organization's critical data in the form of videos and images captured through satellites, unmanned aerial vehicles (UAVs), GIS and other sources. Geospatial Imagery Analytics assists in managing resources, predicting outcomes and improving practices for security and safety of the organization; therefore increasing the demand of location-based data, perimeter detection, pattern recognition, and incident detection. Thus, increasing monetization of geospatial data and increasing use of geospatial imagery data analytics for business decision making has propelled the growth of Geospatial Imagery Analytics Market.
By data collection medium, GIS segment is expected to reflect the highest growth in the market. Among the verticals, defence & security segment is expected to dominate the overall market during the forecast period.this is attributed ti increasing the need of situational monitoring for intelligent investigation and enhanced security. Healthcare segment across the globe is expected to grow with highest CAGR during the forecast period due to increasing deployment of Geospatial Imagery Analytics solutions for deploying value added healthcare services.

Segments Covered:
The report segments the geospatial imagery analytics market by type, collection medium and vertical. The type segment includes image and video. The collection medium segment includes global information system, satellite, unmanned aerial vehicles and others. The vertical segment includes agriculture, aurospace & defense, banking, financial services & insurance, government, environment monitoring, energy & utilities, engineering & construction, healthcare & life sciences, manufacturing and others.

Companies Profiled:
The companies covered in the report include DigitalGlobe - NYSE:DGI, EOS Data Analytics, Geocento, Google - NASDAQ:GOOGL, Harris Corporation - NYSE:HRS, Hexagon AB - Nasdaq Stockholm:HEXA B, KeyW Corporation, Satellite Imaging Corporation, Trimble - NASDAQ:TRMB and UrtheCast - TSX:UR.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America leads the global geospatial imagery analytics market followed by Europe and Asia-Pacific.The geospatial imagery analytics market in Asia-Pacific is projected to reflect highest CAGR over the forecast period.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of geospatial imagery analytics globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of geospatial imagery analytics. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the geospatial imagery analytics market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key playSers in the market.

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