(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for Geospatial Imagery Analytics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Geospatial Imagery Analytics Market products.
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Kenneth Research, in its repository of market research reports, have recently added a report on Geospatial Imagery Analytics Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Geospatial Imagery Analytics Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss.Know MoreMarket Overview:
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.
Geospatial Imagery Analytics support to integrate, gather, operate, display, and examine geospatial data which is collected through satellite imagery, GPS, geotagging, mapping sources to create significant information that are important for making important business decisions. Geospatial Imagery analysis system helps private as well as government sectors to make knowledgeable conclusions about businesses and also examine risk assessment and mitigation disaster management, urban planning, and climatic conditions.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rising usage of location-based services
1.2 Growing advancements in geospatial imagery analytics
1.3 Introduction of artificial intelligence and big data
2. Market Restraints
2.1 Issues with the integration of geospatial imagery analytics data with enterprise solutions
2.2 Implementation of several government regulations
Market Segmentation:
The Global Geospatial Imagery Analytics Market is segmented on the Technology, Imaging Type, Analysis, vertical, and region.
1. Technology:
1.1 Geographical Information Systems (GIS)
1.2 Global Positioning Systems (GPS)
1.3 Remote Sensing
2. Imaging Type:
2.1 Image
2.2 Video
3. By Analysis:
3.1 Network Analysis
3.2 Surface Analysis
3.3 Geovisualization
4. By Vertical:
4.1 Healthcare
4.2 Government
4.3 Defense and Security
4.4 Environment Monitoring
4.5 Engineering and Construction
4.6 Agriculture
4.7 Energy and Utilities
4.8 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Satellite Imaging Corporation
2. Fugro N.V.
3. Environmental Systems Research Institute
4. Harris Corporation
5. Google
6. Hexagon AB
7. KeyW Corporation
8. DigitalGlobe
9. UrtheCast Corporation
10. Trimble
11. Planet Labs
12. RMSI
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Geospatial Imagery Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
Full Report –
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products'' demand, growth and opportunities for new and existing players.
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Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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