A few restraining factors that affect the growth of the geospatial imagery analytics market include the stringent implementation of various government regulations, such as legal issues pertaining to restrictions imposed on data collection processes, location privacy, intellectual property rights, use of geospatial information, and storage of geospatial data.
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The Geospatial Imagery Analytics Market is projected to grow from USD 3.41 billion in 2017 to USD 13.21 billion by 2022, at a CAGR of 31.1% during the forecast period.
This growth can be attributed to the significant advancements in geospatial imagery analytics with the introduction of artificial intelligence and Big Data and the need for enterprises to ensure market competitiveness.
The Geospatial Imagery Analytics Market containing 118 Pages, 28 Figures and 61 Table to deeply display the market analysis of global High Voltage Cables & Accessories market from 2017-2022. The latest and the newest trends of the High Voltage Cables & Accessories industry are included in this report.
Moreover, overall global market size, the market size by product segment, growth rates of the global market along with and different product segments of the market, and various product segments with their value and volumes evaluation are also included in the research report.
Based on type, the imagery analytics segment is estimated to lead the geospatial imagery analytics market in 2017.The growth of this segment can be attributed to the increased adoption of imagery analytics solutions across various industries for improving operational efficiency and informed decision-making.
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Based on collection medium, the Geographic Information Systems (GIS) segment is estimated to lead the geospatial imagery analytics market in 2017. GIS works as a primary medium of data collection for geospatial imagery analytics, owing to the increased adoption of these systems in various industries.
The integration of GIS and imagery analysis has facilitated the analysis of massive volumes of image information.
Based on vertical, the defense & security segment is estimated to lead the geospatial imagery analytics market in 2017. The increased adoption of geospatial imagery analytics solutions by the defense & security vertical can be attributed to the need for intelligence and surveillance data for investigative activities.
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Based on region, the geospatial imagery analytics market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. This market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022.
The growth of the geospatial imagery analytics market in Asia Pacific is mainly driven by the adoption of geospatial imagery analytics solutions by organizations operating in various sectors, such as engineering & construction, mining & manufacturing, insurance, agriculture, and healthcare & life sciences. Organizations are utilizing geospatial technologies to identify potential markets to enhance their growth prospects and undertake strategic decisions.
Moreover, there has been a significant increase in the adoption of geospatial imagery analytics solutions in Southeast Asian countries, such as Singapore, Thailand, and the Philippines.
By Company Type: Tier 1:40%, Tier 2:40%, and Tier 3: 20%
By Designation: C-Level: 45%, D-Level:35%, and Others: 20%
By Region: North America:30%, Europe: 35%,Asia Pacific: 20%, and RoW: 15%
The geospatial imagery analytics market has been segmented on the basis of type, collection medium, vertical, and region. Based on collection medium, the geospatial imagery analytics market has been classified into Geographic Information Systems (GIS), satellites, Unmanned Aerial Vehicles (UAVs), and others(helicopters, aircraft, helikites, kites, balloons, and airships).Based on vertical, the geospatial imagery analytics market has been categorized into defense & security; government; environmental monitoring; energy, utility, and natural resources; engineering & construction; mining & manufacturing; insurance; agriculture; healthcare & life sciences; and others(education, forensics, and space exploration & oceanographic exploration).
Based on region, the geospatial imagery analytics market has been classified into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.