As per a Global Market Insights, Inc., research report, geospatial imagery analytics market is slated to surpass an $8 billion valuation by 2025. Below are some of the key trends that are likely to influence geospatial imagery analytics industry growth:Growing demand for video-based geospatial imagery analyticsWith respect to analytics type, the video-based analytics segment is likely to grow at a CAGR of around 25% over the forecast time period. Geospatial imagery analytics techniques are effectively helping dampen the adverse effects of natural disasters and below par farming techniques by analyzing the geospatial data that is captured using drones. Additionally, government authorities are also engaging in enhancing the farming techniques by using geospatial imagery analytics, which would further stimulate revenue growth. Meanwhile, increasing deployment of novel satellite navigation systems are also likely to support the development of the geospatial imagery analytics market in the region.

Source: The North Africa Journal October 29, 2020 05:48 UTC