Product ID: SQMIG45A2066
Report ID:
SQMIG45A2066 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
125 |
Figures:
77
Global Geospatial Imagery Analytics Market size was valued at USD 11.47 billion in 2022 and is expected to rise from USD 14.45 billion in 2023 to reach a value of USD 91.81 Billion by 2031, at a CAGR of 26.0% during the forecast period (2024-2031).
The global geospatial image analytic market is being driven by the use of big data and AI (Al) to build geospatial imagery analytic remedies, as well as fierce competition among competitors in the market. Furthermore, higher income and developments in analytic technology will boost the geospatial image analytics market ahead. Other factors such as increased need for geospatial imaging analytics for national safety and security, as well as an increase in demand for tiny satellites, can cushion the pace of market growth.
Furthermore, the expansion of 5G networks and the increasing number of LoT devices would increase the positive chances for the growth of the geospatial imaging analytics market. However, the geospatial imaging analytics sector is hampered by the government's rigorous geospatial data rules and regulatory restraints. Furthermore, the incorporation of geospatial analytics data into corporate solutions may pose an additional barrier to the market growth rate throughout the projection period.
US Geospatial Imagery Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.
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Product ID: SQMIG45A2066