Geospatial analytics is being used to create significant information by collecting geospatial data through satellites, UAVs (Unmanned Aerial Vehicles), GPS and other sources. Geospatial analytics is performed using image and video intelligence. Geospatial imagery analytics market is growing with a substantial rate. Increased demand for LBS (Location Based Services) in various end-use applications, growing need of high-resolution satellite images, shifting preference of private sector companies towards geospatial image analysis are contributing to the significant growth of global geospatial imagery analytics market. Private sector companies are measuring their operational effectiveness through geospatial analytics. Image and video-based analysis is being preferred for security and patrolling purpose. Enterprises are enriching the business data with geographic context. Along with private enterprises, government organizations are actively contributing to the growing demand for geospatial imagery analytics.

Global geospatial imagery analytics market is segmented on the basis of end-user into mining & manufacturing, military & defense, agriculture and forestry, healthcare & life sciences, and others. The market is estimated to be lucrative in the government segment due to the growing adoption of advanced technologies in the geospatial studies by the concern authorities for environmental research purposes. Military & defense, and mining & manufacturing segment are the considerable revenue contributor in the global geospatial imagery analytics market. On the basis of type, the market is segmented into image analysis and video analysis.

In the geographic overview, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America is reporting the rapid increase in geospatial image analytics services due to growing demand in the defense, oil & gas industry, environmental monitoring, construction and building engineering, agriculture, aquaculture, and various other end-user applications. Asia-Pacific is estimated to possess opportunities for market players. Due to growing environmental concerns in the region, governments are actively adopting various environmental monitoring and analytic methods in the Asia-Pacific. Europe is a considerable market share in the global geospatial imagery analytics market.

Global geospatial imagery analytics market comprises of various companies such as Maxtar Technologies, Inc., Orbital Insight, RMSI Pvt. Ltd., Satellite Imaging Corp., SpaceKnow, Inc. and so forth. The companies are focused on technological advancement in the geospatial image analysis with the help of artificial intelligence (AI) and big data. Integration of advanced technologies with the geospatial analysis is strengthening the company’s product portfolio. Market players are rapidly adopting the integration process by the collaborations with ICT companies.  R&D remains one of the primary areas for vendors in order to gain a competitive edge in the market.

Research methodology:

The market study of the global geospatial imagery analytics market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Authentic Public Databases such as Geospatial Information and Technology Association
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog.

The report is intended for ICT companies, research organizations, companies working on advanced technology, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market segmentation:

1. Global Geospatial Imagery Analytics Market Research and Analysis by End-User
2. Global Geospatial Imagery Analytics Market Research and Analysis by Type

The report covers:

• Comprehensive research methodology of the global geospatial imagery analytics market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global geospatial imagery analytics market.
• Insights about market determinants which are stimulating the global geospatial imagery analytics market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.