The factors driving the growth of the geospatial imagery analytics market include highly competitive industry players and the implementation of the latest technologies such as big data and artificial intelligence (AI) by players into diverse business enterprises. Moreover, the advent of video-based imagery for analysis is trending in the geospatial imagery analytics market, which is further pacing the market growth.

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Increasing number of commercial satellites assist in synthesizing data that can further through use of technologies such as AI help in geospatial imagery analytics across varied businesses. This offers market players immense opportunities to increasingly adopt such technologies thereby have a competitive advantage, which will drive their revenue growth and propel the overall growth of the geospatial imagery analytics industry.

The low cost of most models available for UAVs along with ease of deployment and benefits of high-quality aerial imaging are factors driving the growth of the UAVs market.

During the forecast period, it is expected that the largest application area of geospatial imagery analytics will be surveillance and monitoring. In order to enhance the operational functionality of an organization with respect to problem-solving, effective decision making, and other economical indicators, most of the business enterprises are making use of the geospatial imagery analytics technology for surveillance and monitoring purposes, which is expected to drive the category’s growth.

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Europe is expected to dominate the geospatial imagery analytics market during the forecast period. The developed infrastructural facility in Europe along with adoption of latest technologies by diverse industries accounts for the region’s market growth. Moreover, Asia-Pacific is observed to witness the fastest growth in the geospatial imagery analytics market.

Source: VynZ Research