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DUBLIN--(BUSINESS WIRE)--Nov 10, 2022--
The "Geospatial Imagery Analytics Market - A Global and Regional Analysis: Focus on Application, Solution, and Country - Analysis and Forecast 2022-2032" report has been added to ResearchAndMarkets.com's offering.
The global geospatial imagery analytics market is estimated to reach $32.78 billion in 2032 from $24.25 billion in 2021, at a growth rate of 2.90% during the forecast period 2022-2032. Geospatial imagery analytics companies have witnessed a significant demand for applications such as disaster management, agriculture, cartography, and natural resources survey.
Market Lifecycle Stage
Geospatial data analytics has a long history since it started in the 1960s and was first used by Canada to use geographic information systems (GIS) to create a map-based inventory of natural resources. The first automated process of collecting geospatial data was developed by collaborating with IBM programmers for Canadian territory.
Today, the geospatial analytics market has changed significantly, and geospatial analytics has diverse applications. It is used for data collection, understanding the relationship between multiple data sources to analyze the trend, and accurate predictions. Geospatial analytics has spread over various applications such as weather monitoring, surveillance, urban planning, and disaster management. Geospatial imagery analytics have depended more on imagery from multiple sources, such as satellites, aerial vehicles, and aircraft.
Furthermore, the rise in the deployment of small satellites for Earth observation in low Earth orbit (LEO) has generated demand in the geospatial analytics market. The small satellites have made the imagery data more accessible and cost-effective. So, the users are dealing with a large influx of data, raising the demand for geospatial analytics. For instance, in January 2022, Planet Labs PBC, an Earth-imaging company, launched 44 SuperDove satellites onboard Space X's Falcon 9 rocket.
Impact
Market Segmentation
Segmentation 1: by Application
Segmentation 2: by Solution
Segmentation 3: by Region
Demand - Drivers and Limitations
Following are the drivers for the global geospatial imagery analytics market:
Following are the challenges for the global geospatial imagery analytics market:
Following are the opportunities for the global geospatial imagery analytics market:
Key Market Players
Key Topics Covered:
1 Markets
2 Application
3 Product
4 Region
5 Competitive Benchmarking and Company Profiles
6 Growth Opportunities and Recommendations
7 Research Methodology
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/3z8h7s
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/10/2022 07:53 AM/DISC: 11/10/2022 07:53 AM
http://www.businesswire.com/news/home/20221110005660/en