PUNE, India - According to a new market research report "Geospatial Imagery Analytics Market by Type (Image and Video), Collection Medium (GIS, Satellite, UAV), Vertical (Defense & Security, Insurance, Agriculture, Healthcare & Life Sciences), and Region - Global Forecast to 2021", published by MarketsandMarkets, the global market is estimated to grow from USD 2.77 Billion in 2016 to USD 10.21 Billion by 2021, at a CAGR of 29.8% between 2016 and 2021.
Browse 66 market data Tables and 40 Figures spread through 114 Pages and in-depth TOC on "Geospatial Imagery Analytics Market"
Early buyers will receive 10% customization on this report.
The market is primarily driven by convergence and integration of geospatial technology with mainstream technologies, need for security and safety, and commoditization of geospatial information.
"Among types, the image segment is expected to dominate the market during the forecast period"
The global Geospatial Imagery Analytics Market, by type, has been segmented into image and video. The image segment is expected to hold the largest market share during forecast period, from 2016 to 2021. Existing use of earth imagery in applications across industry verticals, increasing demand of high resolution imagery, and availability of low cost earth imagery sources are expected to help the image analytics segment hold the largest market share during the forecast period.
"Among verticals, the healthcare & life sciences segment is projected to grow at the highest CAGR between 2016 and 2021"
Geospatial imagery analytics provides ways to tackle public health related issues by delivering intelligent analysis of images and maps. Geospatial imagery analytics also helps the healthcare & life science industry in delivering public healthcare services by monitoring and analyzing the changing environmental conditions. The increased application of geospatial imagery analytics in healthcare & life sciences is expected to significantly drive this segment's market during the forecast period.
"North America is expected to hold the largest share of the global Geospatial Imagery Analytics Market during the forecast period"
On the basis of region, the global Geospatial Imagery Analytics Market has been segmented into North America, Asia-Pacific (APAC), Europe, the Middle East & Africa (MEA), and Latin America. The European region is estimated to lead the global Geospatial Imagery Analytics Market in 2016, having accounted for the largest market share. However, North America is expected to dominate the market from 2017 onwards. Presence of key market players, such as UrtheCast Corporation, DigitalGlobe, Inc., Trimble Inc., Harris Corporation, and Satellite Imaging Corporation, among others will drive the adoption of geospatial imagery analytics in this region.
Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=221633264
The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and new product launches adopted by various key players to increase their shares in the global Geospatial Imagery Analytics Market. Some of the major vendors of geospatial imagery analytics solutions are Hexagon AB (Sweden), DigitalGlobe, Inc. (U.S.), UrtheCast Corporation (Canada), Trimble Inc. (U.S.), and Harris Corporation (U.S.), among others.
Browse Related Reports
Geospatial Analytics Market by Type (Surface Analysis, Network Analysis, Geovisualization), Technology, Application, Vertical, Region (Europe, North America, Asia-Pacific, Middle East & Africa, Latin America) - Global Forecast to 2020
Location Analytics Market by Tools (Geocoding and Reverse Geocoding, Data Integration and ETL, Reporting and Visualization, and Thematic Mapping), by Services (Consulting Services, System Integration) - Forecast and Analysis to 2020
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.