MRRS adds "Geospatial Imagery Analytics Market by Type , Collection Medium , Vertical , and Region - Global Forecast to 2021" latest studies, published in November 2016. It is a professional and in-depth study.
Summary
“Commoditization of geospatial data is one of the factors driving the global geospatial imagery analytics market”
The global geospatial imagery analytics market is projected 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. The market for geospatial imagery analytics is growing across the globe due to convergence and integration of geospatial technology, increased security and safety needs, and commoditization of geospatial data. However, legal issues pertaining to restrictions in the data collection process, licensing, intellectual property rights, use of geospatial information, and storage of geospatial data, among others, are expected to restrain the market growth.
“The video analytics segment of the market is projected to grow at the highest CAGR during the forecast period”
By type, the video segment of the global geospatial imagery analytics market is estimated to grow at the highest CAGR during the forecast period. The increasing demand for video surveillance systems for perimeter detection, pattern recognition, counting & crowd management, and incident detection, among others is expected to drive growth of the video analytics segment during the forecast period.
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