Product ID: UCMIG45E2216
Report ID:
UCMIG45E2216 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for drone analytics software experienced a valuation of approximately USD 1.99 billion in 2022, and it is anticipated to witness substantial growth, reaching USD 4.45 billion by 2030, with an estimated compound annual growth rate (CAGR) of 10.95% during the forecast period, starting from USD 2.15 billion in 2023. This software plays a crucial role in addressing the challenges in image processing by leveraging machine learning and related technologies. Unmanned Aerial Vehicles (UAVs) are increasingly employed across various sectors, such as media, entertainment, infrastructure, security, and the military, to capture high-quality photos and videos.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45E2216