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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 geospatial imagery analytics market is highly competitive, with several key players offering a wide range of solutions and services. These companies are investing in new technologies, strategic partnerships, and acquisitions to stay ahead of the competition. 'DigitalGlobe, Inc.', 'Airbus Defense and Space', 'UrtheCast Corp.', 'Harris Corporation', 'Google LLC', 'Trimble Inc.', 'Maxar Technologies Inc.', 'Hexagon AB', 'ESRI Inc.', 'Planet Labs Inc.', 'TomTom N.V.', 'Geospatial Intelligence Pty Ltd', 'Geosys Technology Solutions Inc.', 'Fugro N.V.', 'Oracle Corporation', 'Earth-i Ltd.', 'Satellogic S.A.', 'Satellite Imaging Corporation', 'The Sanborn Map Company, Inc.', 'GeoSpoc Pte Ltd'

The growing adoption of location-based services in various industries, including agriculture, defense, and urban planning, is driving the demand for geospatial imagery analytics.

Growing demand for high-resolution imagery: With advancements in satellite technology, there is a growing demand for high-resolution imagery that provides more detailed information about the earth's surface. This is driving the development of new satellite constellations and increasing competition among geospatial imagery analytics providers to offer the highest quality data.

The North American region is anticipated to dominate the market with a CAGR of 5.81% over the forecast period. The market in this region is growing as a result of increased investments in new or updated satellite systems. The increasing use of drone technology to support industrial clients in areas like construction, agriculture, and disaster management is driving the market's expansion. The existence of multiple industrialized economies, particularly Canada and the United States, as well as an emphasis on R&D and various technologies, are assisting the regional market's growth.

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Global Geospatial Imagery Analytics Market

Product ID: SQMIG45A2066