The primary drivers of geospatial imagery analytics market include the development and utilization of the Global Positioning System (GPS) empowered gadgets, the convergence of technologies and the demand to reduce operational and logistics costs. The geospatial imagery analytics ecosystem has progressed significantly over time, providing various modern tools that allow analysis of the earth in the socio, economic and environmental contexts and geographical mapping to determine critical insights for new business models, processes, and path-breaking innovations. In this data-driven age, the demand for secure and safe mining operations is allowing organizations to move toward geospatial imagery technologies. It is aiding the mining organizations in evaluating mining conditions, displaying geochemical & hydrological data, target mineral exploration, and model mine construction.
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Going beyond archetypal sectors such as governance, urban planning, internal security and defense, spatial context continues to become an integral component and a core tool for workflow management, smart applications and a key lever of automation in manufacturing, telecom, architecture, engineering, intelligent transportation and many other areas. Location data may be required from position to precision accuracy of less than a meter (and in some cases millimeter accuracy). To stay ahead of the curve, the industry has to consciously orchestrate transformations across the entire value chain and for all built environments – outdoor as well as indoors. The shift from paper-based blueprints to CAD and then BIM are reshaping the way-built environments are envisioned, designed and constructed, however, these changes are marginal, and more work is to be done to change things significantly and holistically for geospatial adoption at the enterprise level.
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Region-wise, North America is projected to witness rapid increase as the demand for geospatial imagery analytics across various verticals including utility and natural resources, mining and manufacturing, healthcare & life sciences, agriculture, environment monitoring, BFSI, and others is increasing at a rapid pace. The Asia-Pacific geospatial imagery analytics market is anticipated to register sturdy growth which is attributed to growth in demand for customization in offerings together with imagery technologies. Further, technological advancements in geospatial imagery analytics market have amplified the adoption of spatial technologies such as geographical information system (GIS), remote sensing (RS), among others. Major players in the geospatial image analytics market are Esri, Hexagon AB, Trimble Geospatial, Fugro, MDA Corporation, Bentley Systems, Harris Corporation, General Electric, Critigen, and Atkins.
Current Market Trends Covered in the market report:
- Development of GPS
- Increasing Utilization in Various End-user Industries
- Demand for Secure and Safe Mining Operations
- Technological Advancements
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