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Satellite Data Services Market to Garner $19.36 Billion by 2027: Allied Market Research

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Portland, OR, July 07, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global satellite data services market garnered $5.52 billion in 2019, and is estimated to reach $19.36 billion by 2027, growing at a CAGR of 19.1% from 2020 to 2027. The report offers an extensive analysis of drivers & opportunities, top investment pockets, key segments, Porter’s Five Forces, value chain, and competitive scenario.

Rise in demand from various industry verticals, demand for earth observation satellites, and privatization of the space industry drive the growth of the global satellite data services market. However, stringent government regulation for implementation of satellites and lack of dedicated launch vehicles for small satellites hinder the growth of the market. Contrarily, rise in adoption of artificial intelligence (AI), machine learning (ML) and cloud computing in the space sector, surge in usage of satellite data for development of smart cities and connected vehicles, and rise of NewSpace movement create new opportunities in the coming years.

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Covid-19 Scenario:

  • The temporary lockdown disrupted operations of various design, development, and manufacturing facilities along with launch stations. Disrupted supply chain slowed down the speed of new satellite launches.  
  • Owing to economic turbulence, many customers and partners delayed payments and postponed deadlines of the ongoing projects.
  • Many smartphone applications, software, and tools have been developed to track patients infected with coronavirus and monitor the spread of the Covid-19 in specific regions and across the world. Based on the data, governments of many countries have been making decisions regarding steps to be taken to curb the spread.

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The report provides detailed segmentation of the global satellite data services market based on vertical, service, end use, and region.

Based on vertical, the environmental segment accounted for the highest market share, contributed to more than one-fourth of the total share in 2019, and will maintain its dominant share in terms of revenue during the forecast period. However, the defense & intelligence segment is expected to witness the highest CAGR of 20.1% from 2020 to 2027.

Based on service, the image data segment accounted for the highest market share in 2019, holding more than two-thirds of the global satellite data services market, and is estimated to maintain its lead position during the forecast period. However, the data analytics segment is projected to witness the largest CAGR of 21.7% from 2020 to 2027.

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Based on region, North America is expected to portray the fastest CAGR of 19.3% during the forecast period. Moreover, this region contributed to the highest market share in 2019, accounting for nearly three-fifths of total share of the market, and will maintain its leadership status by 2027. The report also discusses regions including Asia-Pacific, Europe, and LAMEA.

Key players of the global satellite data services market analyzed in the research include Airbus S.A.S., ImageSat International, East View Geospatial Inc., Maxar Technologies, L3Harris Technologies, Inc., Satellite Imaging Corporation, Planet Labs Inc., Trimble Inc., SpecTIR LLC, and Ursa Space Systems Inc.

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Similar Reports We Have on Satellite/Aerospace Industry:

Satellite Data Analytics Services Market by Service (Data Analytics and Image Data), and Vertical (Forestry, Agriculture, Environmental, Defense & Security, Environmental, Energy & Power, Maritime, Engineering & Infrastructure and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Satellite Image Data Services Market by Service (Data Analytics and Image Data), and Vertical (Forestry, Agriculture, Environmental, Defense & Security, Environmental, Energy & Power, Maritime, Engineering & Infrastructure and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and Nano Satellite), End User (Commercial, Civil, Government, and Others) and by Applications (Scientific Research, Technology Demonstration and Verification, Earth Observation and Remote Sensing, Scientific Research, Communication, Others) – Opportunity and Forecast, 2017-2030.

Small Satellite Market by Type (Minisatellite, Microsatellite, Nanosatellite, Pico-Satellites, and Femto Satellites), Application (Imaging and Earth Observations, Satellite Communications, Science & Explorations, Technology Development, and Space Situational Awareness), and End-User (Civil & Commercial and Government & Defense): Global Opportunity Analysis and Industry Forecast, 2019–2030.

Commercial Satellite Imaging Market by Application (Geospatial Data Acquisition & Mapping, Planning & Development, Disaster Management, Energy & Natural Resource Management, Surveillance & Security, Defense & Intelligence, and Others), and End User (Government, Military Defense, Forestry and Agriculture, Energy, Civil Engineering & Archaeology, Transportation & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2030.

Satellite Payloads Market by Orbit Type (LEO, MEO, and GEO), by Payload Type (Communication, Imaging, and Navigation), by Vehicle Type (Small, Medium, and Heavy), by Payload Weight (Low, Medium, and High), by Frequency Band (C, K/KU/KA band, S & L band, X band, VHF & UHF band, and Others), and by Application (Telecommunication, Remote Sensing, Scientific Research, Surveillance, and Navigation) – Global Opportunity Analysis and Industry Forecast, 2020-2030.

Satellite Bus Market by Subsystem (Structures & Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking Command (TT&C)Flight Software), Application (Earth Observation & Meteorology, Communication, Scientific Research & Exploration, Surveillance & Security, Mapping, and Navigation), Satellite Size (Small, Medium, and Large): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Satellite-Based Earth Observation Market by Application (Data and VAS) and End User (Defense and Intelligence, Infrastructure and Engineering, Agriculture, Energy and Power, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

LEO and GEO Satellite Market by Types (Low Earth Orbit (LEO) and Geostationary Earth Orbit (GEO)) and Application (Communication & Navigation, Remote Sensing, Surveillance, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Nanosatellite and Microsatellite Market by Component (Data Processing, Hardware, Launch Services, and Software), Mass (11–100kg (Microsatellites) and 1–10kg (Nanosatellites)), Application (Academic Training, Communication, Earth Observation & Remote Sensing, Mapping & Navigation, and Others), and Industry Vertical (Civil, Commercial, Defense, Energy & Infrastructure, Government, and Maritime & Transportation): Global Opportunity Analysis and Industry Forecast, 2020–2030.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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