Imaging analytics market revenue is expected to expand at a compound annual growth rate (CAGR) of 21.5%, reaching US$ 9,877.0 million in 2022 and US$ 68,998.0 million in 2032. Between 2016 and 2021, the image recognition market grew at a CAGR of 19.2%. The sector is expanding due in large part to the development of Imagery Analytics technology and increased competition.
Getting pictures or movies from the outside or inner surfaces of the earth, bodies, or other things is the process of imaging analytics. Analysis of imaging data provides historical context, forecasts for the future, and present circumstances for a range of applications. An essential component of big data is imaging analytics, which has applications in fields like healthcare and other fields. Many companies provide services related to imaging analytics.
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The Imagery Analytics Market refers to the use of advanced algorithms and software to analyze and interpret images and videos from various sources, such as satellites, drones, and other imaging devices. The market includes technologies like machine learning, computer vision, and deep learning, which enable the processing of vast amounts of visual data.
The global Imagery Analytics Market is expected to grow at a significant rate over the next few years due to the increasing demand for accurate and precise geospatial information, especially in industries such as defense and security, agriculture, mining, and construction. The ability to extract valuable insights from satellite and aerial imagery can improve decision-making processes and help businesses and governments optimize their operations.
Factors driving the growth of the market include increasing investments in the development of artificial intelligence (AI) and machine learning (ML) technologies, rising demand for geospatial information, and growing adoption of cloud-based solutions. However, factors such as data privacy concerns and the high cost of technology may hinder market growth to some extent.
Global Imagery Analytics Market: Competition Landscape
The most prominent companies in the imaging analytics industry include
- Hexagon AB,
- Digital Globe Inc.,
- Urthecast Corporation,
- Trimble Inc.,
- Harris Corporation,
- Google Inc.,
- Satellite Imaging Corporation,
- Keyw Corporation,
- EOS Data Analytics, and
- Geocento.
The research study provides an in-depth analysis of the market and includes meaningful insights, facts, historical data, and statistically backed and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and procedures. The research study analyses and offers information based on market areas such as geography, application, and industry.
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Global Imagery Analytics Market: Segmentation
Global imagery analytics market can be segmented into type, and application:
On the basis of type, global imagery analytics market:
- imagery analytics
- video analytics
On the basis of application, global imagery analytics market:
- geospatial and weather monitoring
- energy and utility
- manufacturing and mining
- healthcare
- agriculture
- others
On Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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