According to the new market research report "Geospatial Imagery Analytics Market worth 13.21 Billion USD by 2022", published by MarketsandMarkets™, the geospatial imagery analytics market is estimated to be USD 3.41 Billion in 2017 and is projected to reach USD 13.21 Billion by 2022, at a CAGR of 31.1% from 2017 to 2022.
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Based on type, the video analytics segment of the geospatial imagery analytics market is expected to witness high growth during the forecast period

Based on type, the geospatial imagery analytics market has been segmented into imagery analytics and video analytics. The video analytics segment is projected to grow at a higher CAGR as compared to the imagery analytics segment from 2017 to 2022. The growth of the video analytics segment can be attributed to the increasing demand for satellites and drone video surveillance in various industries.

Browse and in-depth TOC on "Geospatial Imagery Analytics Market"

61 - Tables

28 - Figures

118 - Pages

Based on collection medium, the UAVs segment of the geospatial imagery analytics market is projected to grow at the highest CAGR during the forecast period

Based on collection medium, the geospatial imagery analytics market has been segmented into Geographic Information Systems (GIS), satellites, Unmanned Aerial Vehicles (UAVs), and others. The UAVs segment is projected to grow at the highest CAGR during the forecast period. The growth of the UAVs segment can be attributed to the increased adoption of UAVs owing to their cost-effectiveness over other collection mediums.

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The report provides a detailed overview of the competitive landscape, which presents information with respect to the positioning of 25 key vendors of geospatial imagery analytics solutions and services, based on their product offerings and business strategies.

Major companies such as Hexagon AB (Sweden), Harris Corporation (US), DigitalGlobe (US), Esri (US), Trimble (US), and Google (US) offer geospatial imagery analytics solutions and services to cater to the diversified demands of the market. These players have adopted various growth strategies such as expansions, mergers & acquisitions, partnerships, and new product launches to sustain their position in the market. Partnerships, collaborations, and acquisitions have accounted for a major share of all growth strategies adopted by key market players. 

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Hexagon AB (Sweden), a key player in the geospatial imagery analytics market, is focused on the adoption of both inorganic and organic growth strategies, such as partnerships, new product launches, and product enhancements to enhance its business prospects in the geospatial imagery analytics market. For instance, in November 2016, Hexagon Geospatial, a subsidiary of Hexagon AB, partnered with HERE (US), which is an Open Location Platform company. This partnership provides developers with a fast and easy way to connect their Smart M.App to HERE basemap data and platform services. It also enabled Hexagon developers to build location intelligence in an effective manner. In June 2017, Hexagon Geospatial introduced 3D viewing and measurement in M.App X, which is an enterprise-based solution that provides tools for the exploitation of imagery and the creation of imagery-based information products and reports.

Harris Corporation (US), another key player in the geospatial imagery analytics market, is focused on the adoption of both inorganic and organic strategies to enhance its market presence. For instance, January 2016, Harris Corporation launched ENVI software version 5.3, which adds significant LiDAR point cloud analysis and visualization capabilities that were previously available in the ENVI LiDAR software package. In May 2016, Harris Corporation partnered with Esri (US) to develop Modernized Foundation GEOINT Data Production, Apps and tools within a WebGIS environment, for federal agencies. This partnership strategy helped multiple security domains address the issue related to the expected surge of commercial imagery acquired from small satellites, Unmanned Aerial System (UAS) platforms, and open-data sources.

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