Geospatial Imagery Analytics Market anticipated to witness significant growth by 2024

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Geospatial Imagery Analytics Market predicted to
grow exponentially by 2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Geospatial Imagery
Analytics Market

• North America held a majority share of the
  geospatial imagery analytics market in 2017 and
  is expected to maintain a significant market
  share over the forecast timeline due to the
  extensive adoption of technologies such as IoT,
  AI, and cloud computing. The significant
  investment and resources invested by the U.S.
  government in the modernization of the GPS
  technology infrastructure in the country are also
  expected to contribute majorly to the regional
  market growth between 2018 and 2024.
• Europe is expected to be the second largest
  geospatial imagery analytics market during the
  forecast period due to the availability of a
  highly advanced image collection and calibration
  infrastructure in the region. The technology is
  being extensively used in the engineering and
  construction industry in the region for ensuring
  safety at construction sites. Germany is expected
  to exhibit impressive growth over the forecast
  timeline due to the initiatives undertaken by
  institutions such as the German Bundeswehr
  Geo-information Centre and National
  Geospatial-Intelligence Agency to improve the
  accuracy and quality of image detection services
  in the country.

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• Application Analysis of Geospatial Imagery
  Analytics Market
• Enterprises can develop targeted solutions for
  diverse business challenges that demand different
  responses for different geographic locations.
  Geospatial analytics can be used to combine
  imagery information acquired from different
  imaging platforms with the business data from
  finance, operations, and marketing departments to
  derive meaningful patterns and create graphs,
  maps, statistics, and cartograms to easily
  understand complex relationships between data
  sets. One of the popular use cases of geospatial
  imagery analytics in marketing is market
  segmentation wherein marketers can divide their
  customers into different groups with respect to
  common characteristics.
• The parameters used for dividing customers may
  include behavioral data, demographic data (gender
  or income), behavioral data (buying patterns),
  and lifestyle data. Such segmentation using
  geospatial analytics can help businesses to
  improve their promotional campaigns and customer
  retention initiatives.

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Competitive Market Share of Geospatial Imagery
Analytics Market

• The companies operating in the geospatial imagery
  analytics market focus on strategic acquisitions
  and new product development initiatives to
  strengthen their market presence. For instance,
  in October 2017, Hexagon AB, one of the leading
  providers of geospatial technology acquired
  Luciad, a Belgian software company with expertise
  in solutions for visualization and analysis of
  real-time geospatial information.
• The acquisition was intended toward strengthening
  Hexagons ability to offer 5D digital reality and
  the ability to perform improved geospatial
  analytics. In September 2017, Trimble introduced
  the eCognition Suite 9.3 software suite to enable
  high-level geospatial imagery analytics for
  agriculture, environmental, infrastructure, and
  forestry applications. Some of the companies
  operating in the geospatial imagery analytics
  market are Harris Corporation, Hexagon,
  DigitalGlobe, Esri, Google, Trimble, MDA, Fugro,
  Planet Labs, Satellite Imaging Corporation, GE,
  Atkins, Critigen, Autodesk, and RMSI.

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