The Asia Pacific Geospatial Imagery Analytics Market would witness market growth of 30.2% CAGR during the forecast period (2021-2027).
Video and picture data of the world are provided via geospatial imaging analytics. Many industries utilise the data to forecast future risk and develop contingency strategies. Data from satellite photos is used in geospatial imagery analytics. Following that, the geo-referenced pictures are shown as vector and raster images. Raster pictures, commonly known as bitmaps, are individual color pixels. Vector pictures are visuals made out of mathematical formulas that may be scaled indefinitely.
Some commercial satellite images have a resolution of 30 cm. Satellite imagery adds value to a GIS mapping project by serving as a source of information and data for geospatial analysis, modelling assessment, and categorization.
Geographical analysis is the process of using statistical analysis and other analytical tools to analyse data that seems to have a geospatial or geographic component. Over the anticipated period, increasing expansion of imaging technologies, as well as need for customisation, particularly in developing economies like China and India, are likely to drive the geospatial imagery analytics market in this area. The market for geospatial imagery analytics in this area is projected to be driven by a growing number of start - ups and government initiatives in geospatial imaging technologies.
In the disciplines of development, planning, and management of national land across China, aerial imagery in geospatial mapping has been used extensively. For the effective development and administration of national land in the region, surveying and mapping have become increasingly important technologies.
The China market dominated the Asia Pacific Geospatial Imagery Analytics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,521.1 million by 2027. The Japan market is poised to grow at a CAGR of 29.4% during (2021 - 2027). Additionally, The India market would experience a CAGR of 31% during (2021 - 2027).
Based on Type, the market is segmented into Image-based Analytics and Video Analytics. Based on Vertical, the market is segmented into Defense & Security, Engineering & Construction, Mining & Manufacturing, Government, Environmental Monitoring, Healthcare & Life Sciences, and Agriculture. Based on Collection Medium, the market is segmented into Geographic Information System (GIS) and Satellites. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Disaster Management, Construction & Development, Conservation & Research, Exhibition & Live Entertainment and Surveillance & Monitoring. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Geospatial Imagery Analytics Market is Projected to reach USD 42.2 Billion by 2027, at a CAGR of 29.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Trimble, Inc., Microsoft Corporation, Google LLC, TomTom N.V., Hexagon AB, L3Harris Technologies, Inc., Planet Labs, Inc., Oracle Corporation, Alteryx, Inc.
By Type
By Vertical
By Collection Medium
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