Thriving Industries: A Deep Dive into the Top 5 Trends Shaping Geospatial Imagery Analytics Market

The Brainy Insights, a leading market research firm, has published a research report which states that the global geospatial imagery analytics market is expected to reach USD 69.06 billion by 2030, at a compound annual growth rate of 28% from 2021 to 2030.

Geospatial Imagery Analytics The report reveals that the geospatial imagery analytics market will grow exponentially due to increasing demand from the government from various countries across the world. Government administrations are actively adopting effective geospatial analytics solutions for security and defense purposes. As per Avinash D, analyst at Brainy Insights Pvt. Ltd., “The global geospatial imagery analytics market is driven by governments throughout the world adopting geospatial analytic solutions in security and defense. With the emergence of aerial imaging technologies like lidar and artificial intelligence-based intelligence analytics, geospatial analytics solutions are becoming an integral part of any effective security system in defense and other sectors.” The report also suggests that the rise in demand for real-time geospatial analytics solutions has propelled the growth of the geospatial imagery analytics market throughout the world. Automated analytics tools have accelerated the adoption of geospatial analytics solutions in the transportation, utility, and agriculture industries. Moreover, the increasing demand for geographic information system (GIS) solutions will contribute to the growth of the geospatial imagery analytics market. The reports states that the geospatial imagery analytics market is dominated by several industry veterans, including Microsoft Corporation, IBM Corporation, Oracle Corporation, Hexagon AB, and Google LLC. These market leaders are investing heavily in the development of innovative geospatial imagery analytics solutions to gain a competitive advantage.

The geospatial imagery analytics market is expected to grow exponentially due to increasing demand from governments for effective security and defense solutions, while market leaders such as Microsoft, IBM, Oracle, Hexagon AB, and Google are investing heavily in this area.

For detailed insights into the global geospatial imagery analytics market, please contact Brainy Insights Pvt. Ltd.