Geospatial Imagery Analytics Market Competitive Landscape and Forecast To 2025
Geospatial imagery analytics market size is poised to witness remarkable momentum primarily due to the global acceptance of mapping services and GPS technologies along with the rising demand for wireless devices and location-based sensors to improve business operations. In addition, rising popularity of cloud-based GIS solutions has encouraged firms to migrate their applications and information to the cloud.
It is estimated that global geospatial imagery analytics market size will exceed USD 8 billion by 2025. GIS professionals and researchers are using cloud computing to access any resourceful information that is associated with geospatial data, which will expand the scope of industry. Innovative and advanced imaging solutions provide huge potential to improve the efficacy of large-scale operations such as transportation, farming, and telecommunications.
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According to reports, the image-based analytics sector in the geospatial imagery analytics industry is anticipated to hold a commendable share of over 75% up to 2025 owing to the widespread use of geospatial image capturing platforms such as surveillance cameras, drones, and satellites. GIS professionals are extensively making use of geospatial analytics tools to solve complex projects and solidify their decision-making process.
Geospatial imaging has proved to be an effective and successful tool for the agricultural sector which can result in higher productivities, enhancing farm production, and allowing farmers to manage their land resources in a proper way. Rising adoption of geospatial technologies including GPS, GIS, and remote sensing has enabled farmers to detect trends and patterns in agricultural activities that are not easily noticeable through traditional observations.
Reports estimate that industry size from the agricultural sector is estimated to record a 25% CAGR over the forecast period. The worldwide adoption of drones for precision farming and dropping costs of cloud-based implementations will allow governments to install required systems and supplement new geospatial technologies in the market.
Asia Pacific geospatial imagery analytics market share is projected to witness more than 25% CAGR between 2019-2025. Favorable regional government policies and several initiatives will likely enhance farming techniques with the use of this industry. Productive R&D efforts by the companies and novel innovations in the agricultural sector are projected to bring advancements of geospatial products in the near future.
The major companies operating in the geospatial imagery analytics market are AeroVironment Inc., Google, Inc., Autodesk, Inc., Bentley Systems, Incorporated, Environmental Systems Research Institute, Inc
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Table of Content
Chapter 4 Competitive Landscape, 2018
4.1 Introduction
4.2 Company market share analysis, 2018
4.3 Competitive analysis of major market players, 2018
4.3.1 Hexagon AB
4.3.2 Esri
4.3.3 Google
4.3.4 Harris Corporation
4.3.5 Digital Globe (Maxar)
4.4 Competitive analysis of other prominent vendors, 2018
4.4.1 Autodesk
4.4.2 Trimble
4.4.3 Bentley
4.4.4 TomTom
4.4.5 SAP SE
Chapter 5 Geospatial Imagery Analytics Market, By Analytics Type
5.1 Key trends, by type
5.2 Image-based analytics
5.2.1 Image-based analytics market size
5.3 Video-based analytics
5.3.1 Video-based analytics market size
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