Geospatial Data Analytics Market, COVID – 19 Impact Analysis, Business Trends, Global Segments by Forecast 2027
Market Scenario:
The global Geospatial Data Analytics Market is growing continually. The market growth attributes to heavy investments in data analytics. Digital tools for predictive modelling, pricing, and risk selection are the top priorities earmarked for investment in 2021. Other high-priority areas include real-time underwriting performance monitoring and management as well as spending on third-party data sources.
Besides, the increasing adoption of geospatial mapping to scale out digital streaming services boosts the market size. Simultaneously, advances in analytical capabilities in global positioning and geographic information systems escalate the market's growth. According to Market Research Future (MRFR), the global geospatial analytics market is projected to reach exponential valuation by 2027, registering a significant CAGR during the forecast period (2020-2027).
Additional factors bolstering the market growth include rising uses of databases and value-added geospatial data management, processing, analytics, fusion, and orthorectification software and solutions across a range of industries that rely on accurate, high-resolution elevation data including environmental planning, engineering, and aviation.
Advances in satellite imagery, cell phone pings, and other data sources used by geospatial analytics to detect activities, such as plants closure or cargo ships held up at ports, are major driving forces for the market. Furthermore, surging demand for geospatial analytics, artificial intelligence, and commercialization of geospatial data act as major tailwinds for the growth of the market.
Advances in technologies, such as GPS, GIS, LiDAR technology, and remote sensing, substantiate the market shares, providing real-time information for the business enterprises for making a business decision and deploy their various services in different industry verticals.
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Competitive Outlook:
The geospatial imagery analytics market is supported by increasing mobile digital technology and expansion, network integration, smart cars, and IoT. The population growth around the world and increasing demand of geospatial imagery analytics market-based services and products also support the market growth. However, the geospatial imagery analytics market growth can be affected due to stringent government rules and regulations. The report covers all such details which will help companies in the geospatial imagery analytics market to strengthen their business plan and improve their product portfolio. The geospatial imagery analytics market research report also provides company profiles of major companies. The company profiles of many organizations operating in the geospatial imagery analytics market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the geospatial imagery analytics market. New companies and established businesses can plan their strategies based on this data provided in the geospatial imagery analytics market research report.
Segmentation:
The global geospatial imagery analytics market has been segmented based on type, application, and end users. On the basis of type, the market for geospatial imagery analytics is segmented based on imagery analytics and video-based analytics. Additionally, the market on the basis of applications, is segmented into aircraft, geographic information system (GIS), space & satellites, drones/UAVs, and others. The global market for geospatial imagery analytics is also covered based on the verticals segment which is further split into agriculture, energy & utility, environmental monitoring, healthcare & life sciences, manufacturing, mining,defense & security, and others.
Factors like growing use of location-based services, increasing demand for geospatial analytics for technologies for defense and enforcement, and growth in big data technologies support the geospatial imagery analytics market growth. The performance of the geospatial imagery analytics market has also been studied for the past and current years. Additionally, the geospatial imagery analytics market report provides analysis of these segments. The geospatial imagery analytics market segmental analysis provided in the report offers major details about the geospatial imagery analytics market based on the data and forecasts till 2023.
Regional Analysis:
Companies in the geospatial imagery analytics market are spread across the world. The geospatial imagery analytics market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American geospatial imagery analytics market has many companies across the United States, Canada, and Mexico. The geospatial imagery analytics market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the geospatial imagery analytics market can be found in the market research report. Europe has companies in the geospatial imagery analytics market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the geospatial imagery analytics market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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List of Tables
Table1 Global Geospatial Analytics Market: By Region, 2020-2027
Table2 North America Geospatial Analytics Market: By Country, 2020-2027
Table3 Europe Geospatial Analytics Market: By Country, 2020-2027
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List of Figures
FIGURE 1 Global Geospatial Analytics Software Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Geospatial Analytics Software Market
Continued…
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