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(Transportation-News.com, October 11, 2018 ) Geospatial Imagery Analytics Market
The major players in the market are as follows:
Satellite Imaging Corporation
Fugro N.V.
Environmental Systems Research Institute
Harris Corporation
Google
Hexagon AB
KeyW Corporation
DigitalGlobe
UrtheCast Corporation
Trimble
Planet Labs
RMSI
According to Verified Market Intelligence, the Global Geospatial Imagery Analytics Market was valued at USD 2.84 billion in 2016 and is projected to reach USD 33.67 billion by 2025, growing at a CAGR of 31.62% from 2017 to 2025.
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Geospatial Imagery Analytics can be defined as a set of solutions that can support and examine geospatial data collected through satellite imagery, GPS, or mapping sources to create valuable information significant for making important business decisions. The geospatial Imagery analysis system is a platform based on big data analytics which also involve predictive analytics and helps private as well as government sectors to make valuable conclusions about businesses and also scrutinize risk assessment and easing disaster management, urban development, and climatic conditions.
The integration of big data analytics and cloud computing to enable GPS in smartphones and tablets along with rising demands for geospatial imagery analytics in military and civil aviation is driving the global geospatial imagery analytics market. Apart from this, expensive costs of geospatial imagery analytics tools and set up might hamper the growth of overall growth rate of global imagery analytics market.
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