The Europe Geospatial Imagery Analytics Market would witness market growth of 29.0% CAGR during the forecast period (2021-2027).
GPS (global positioning systems), RS (remote sensing), and GIS (geographical information systems), are examples of geospatial technology. In industrial applications, spatial technologies such as remote sensing, geographic information systems, and global positioning systems are utilized. Remote sensing is the study of satellite images and geospatial data obtained from satellite or aerial cameras.
The widespread use of location-based services by customers throughout the world is fueling need for geospatial imagery analytics solutions. Furthermore, the growing demand for navigation systems in a variety of end-use sectors is driving up the price of geospatial imaging analytics solutions.
In terms of geographic platform, Europe dominates the geospatial imagery analytics industry, because to its advanced infrastructure for image collecting and calibration, which creates a conducive environment for the deployment of geospatial imagery analytics solutions. The geospatial imagery analytics market in this area is predicted to increase as a result of technological improvements and fast digitization across all industries.
The industry's expansion in Europe will be aided by a mature regulatory environment and improved openness in financial reporting. Commercial drones are becoming accepted in the defence, agricultural, disaster management, and energy industries in Europe, which is expected to increase the accuracy of aerial surveys and successfully drive regional demand.
The Germany market dominated the Europe Geospatial Imagery Analytics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,758.8 million by 2027. The UK market is anticipated to grow at a CAGR of 27.9% during (2021 - 2027). Additionally, The France market would witness a CAGR of 29.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Geospatial Imagery Analytics Market Size will Hit $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.
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