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Geospatial Imagery Analytics Market Opportunities, Trends, Statistical Graph, Key Findings

Geospatial imagery analytics is a recent field of research developed due to the growing investment in space exploration and the commercial uses of the same. Geospatial imagery includes images taken from space or geostationary orbit, which can be used for gathering information on various aspects of the landscape being pictured. The growing use of space imagery in environmental monitoring is likely to be a major driver for the global geospatial imagery analytics market over the forecast period. Environmental monitoring has been made much easier by the advent of geospatial imaging, as it allows for a clear picture of various environmental factors having an impact on the climate on the planet. Increasing investment in environmental monitoring from governments around the world has been a major driver for the global geospatial imagery analytics market over the last few years. The increasing prevalence of wildfires is likely to be a major driver for the global geospatial imagery analytics market, as geospatial imagery analytics provide a clear coverage of forest fires and can suggest the most efficient ways of bringing the fires under control.

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Competitive Leaderboard:

Leading players in the global geospatial imagery analytics market include Satellite Imaging Corporation, KeyW Corporation, Fugro NV, UrtheCast Corporation, Planet Labs, RMSI, Trimble, Google, Environmental Systems Research Institute, DigitalGlobe, Harris Corporation, and Hexagon AB.

In September 2018, DigitalGlobe, a vendor of geospatial imagery solutions, received a contract of USD 3.2 million from US defense advanced research projects agency (DARPA). Under this contract, DigitalGlobe has to provide an unclassified environment for geospatial cloud analytics platform. This platform, with the help of machine learning technology, is expected to help the military in getting real-time insights about the commercial data, that would help them in quick decision making.

In March 2018, Microsoft Corporation, in collaboration with Esri, introduced artificial intelligence-based geospatial analytics in its Azure products.

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