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Geospatial Imagery Analytics Market size is projected at US$ 7.2 billion in 2023 & to reach US$ 44.58 billion by 2033 | Future Market Insights, Inc.

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NEWARK, Del, Feb. 14, 2023 (GLOBE NEWSWIRE) — The geospatial imagery analytics market size is projected to be valued at US$ 7.2 billion in 2023 and is expected to reach US$ 44.58 billion by 2033. The sales of geospatial imagery analytics are expected to record a significant CAGR of 20.00% during the forecast period.

As technology advances swiftly, businesses from several industries are adopting geospatial image analytics to improve decision-making processes and outcomes. Geospatial imaging analytics are very helpful in identifying cost-saving opportunities, opening up new business prospects, and making previously unrealized opportunities a reality.

The technology’s most notable end users are likely to be stakeholders in the healthcare and life sciences, defense and security, and governmental institutions.  

Geospatial imagery analytics is proven essential for advancing innovation by assisting in identifying and resolving anomalies in the areas of marketing, operations, risk management, and human resources.

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Geospatial imaging is expected to strengthen virtual security by identifying and removing undesirable web activity. Geospatial technologies increase the effectiveness of intelligent machines and artificial intelligence in a variety of industries, including agriculture in particular. Remotely controlled equipment completes a range of tasks using GPS and digital dashboards. Robots and intelligent farm equipment are now commonplace, and this is just the beginning. Numerous other industries, including logistics, biosecurity, engineering, and construction, are expected to benefit from the advancement of technology.

Key Takeaways from the Geospatial Imagery Analytics Market

  • By the end of 2033, the United Kingdom is anticipated to generate an absolute dollar potential of US$ 1.1 billion, according to the report. The market in the United Kingdom is being driven by the combined use of geospatial information systems and business intelligence.
  • By 2033, the geospatial imagery analytics market demand in the United States is anticipated to account for roughly 72.3% of the market. The growth of the United States market is influenced by the development of modern geospatial clouds. During the projection period, it is expected that demand in the deployment segment will increase by 2.8X. The use of cloud technology improves corporate efficiency and has led to an increase in the demand for geospatial imagery analytics in key corporations.
  • Throughout the projected period, geospatial imagery analytics solution sales are expected to increase in India recording a CAGR of 17.0%. Demand in India is being driven by the expansion of GIS applications in the agricultural industry.

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Competitive Landscape

Players in the geospatial imagery analytics market are focusing on forming strategic alliances with other service providers to create cutting-edge geospatial imagery analytics solutions.

In November 2022, 3D modeling and reality capture company Spatial Acuity, LLC’s assets were mostly bought by Bowman Consulting Group. Forging a geospatial ecosystem and bringing digital twins to life, Spatial Acuity focuses on reality capture technology, such as high-definition scanning and 3D building information modeling (BIM).

Innoviz Technologies, a pioneer in high-performance, automotive-grade LiDAR sensors and perception software, teamed up with Kudan in October 2022. Using Innoviz LiDARs and Kudan’s perception software, machines can move autonomously and create 3D representations of their surroundings.

Latest Developments

By the end of 2024, EOS SAT spacecraft is planning to launch seven optical into low earth orbit, according to a February 2021 announcement by the satellite imagery company EOS Data Analytics. Since the company’s goal is to keep track of fields, agriculture is the main focus of this initiative.

Trimble released the Trimble TerraFlex field application in December 2019 to make an accurate and quick recording of GIS information simple. By combining the Trimble Global Navigation Satellite System (GNSS) with the TruPulse laser rangefinders, the Trimble GNSS systems may have a longer range.

Key Segments Covered in the Geospatial Imagery Analytics Market Report

Analytics Type:

  • Image-based Analytics
  • Video-based Analytics

Deployment Model:

  • On-premises
  • Cloud

Collection Medium:

  • Geographic Information System (GIS)
  • Satellite Imagery
  • UAV

Application:

  • Agriculture
  • Construction
  • Mining
  • Oil & Gas
  • Telecom
  • Government
  • Transportation & Logistics

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Table of Content

1. Executive Summary | Geospatial Imagery Analytics Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

    3.2. Scenario Forecast

    3.3. Opportunity Map Analysis

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

TOC continued..!

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In-Memory Analytics Tools Market Demand – The global in-memory analytics tools market is anticipated to reach a valuation of US$ 1.65 Billion in 2022 at a CAGR of 25%, surpassing US$ 8.09 Billion by 2032.

Geospatial Solution Market Growth – The global geospatial solution market size is expected to grow from US$ 703.5 Billion in 2022 to US$ 1,970.9 Billion by 2029. The geospatial solution market is anticipated to grow at a CAGR of 15.9% from 2022 to 29.

Geospatial Analytics Market Trends – The global geospatial analytics market is expected to rise 12.5% of CAGR, securing a valuation of US$ 34.5 Billion by 2032. The market is likely to be valued at US$ 10.6 Billion in 2022.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
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For Sales Enquiries: [email protected]

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Artificial Intelligence

9Spokes Introduces Multi-Bank View to Expand Financial Insights for SMBs

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AUCKLAND, New Zealand, May 1, 2024 /PRNewswire/ — 9Spokes, a data platform that specializes in integrating and aggregating business and financial data, today announced the launch of its multi-bank feature, a significant advancement in financial transparency and access for small and medium-sized businesses (SMBs). This new feature provides SMBs with a consolidated view of their financial accounts across multiple institutions and service providers, aligning with the global movement towards open banking and open data.

With over 45% of SMBs managing their finances through multiple financial providers, the necessity for seamless access to broad financial data is crucial. The multi-bank view by 9Spokes addresses this challenge by giving SMBs, which make up over 90% of businesses in the US and UK, an integrated snapshot of their financial landscape.
“Understanding the complete financial picture of SMB customers can be a significant challenge,” said Kevin Phalen, Executive Chairman at 9Spokes. “Our multi-bank view harnesses the power of open data to provide a holistic view of financial statuses, empowering businesses and financial providers alike with the information needed to make informed decisions.”
This feature is poised to change how financial services are provided to SMBs, offering benefits that include:
Enhanced Customer Insight: Provides a deeper understanding of SMBs’ financial needs by consolidating financial data from multiple sources.Personalized Services: Allows for the delivery of customized financial products and advice tailored to each customer’s unique financial situation.Increased Efficiency: Streamlines the data collection and analysis process, freeing up resources for innovation and improved service delivery.This feature not only simplifies financial management for SMBs but also enhances the abilities of financial institutions and fintech companies to perform more effective risk assessments and customize their offerings accordingly.
For more information about the multi-bank feature or to learn more about 9Spokes, please visit www.9spokes.com/
About 9Spokes9Spokes is a global data platform that supports financial institutions and fintech firms worldwide. By aggregating consented business data from a variety of sources, 9Spokes helps businesses harness powerful tools for better financial management and strategic decision-making, driving transformation within the financial sector.
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HER HIGHNESS SHEIKHA MOZA FORMALLY LAUNCHES QATAR PRECISION HEALTH INSTITUTE

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Institute builds on 10 years of genomics research to address the under-representation of the Arab genome and unravel a more representative map of the human race
DOHA, Qatar, May 1, 2024 /PRNewswire/ — Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation, officially launched the Qatar Precision Health Institute, a national body aimed at leveraging the country’s advanced genomics research to accelerate personalized healthcare – leading to more precise treatments and improved health outcomes for people in the Arab world and beyond.

 
 
The Qatar Precision Health Institute builds on the groundbreaking work of Qatar Biobank and Qatar Genome Programme, uniting the efforts of Qatar Foundation’s research institutes to provide insights that reveal the effects of lifestyle, environment, and genetics on the Arab population.
Her Highness, Sheikha Moza bint Nasser, spoke at the formal launch event, emphasizing the importance of raising public awareness on the benefits of precision health. She said:
“I am proud that Qatar was the first country in the region to establish a population-based genome program, and has played a pioneering role in ensuring that Arab genomes are included in global genomic databases. Qatar’s efforts have led to faster and more accurate diagnoses of multiple diseases for people from the region. QPHI is building on those successes and taking our knowledge forward to implement clinical solutions that will lead to a healthier future not only for our citizens but for people around the world.”
Qatar Foundation’s work in the field of precision health led to the creation of the Qatari genome catalog, comprising more than 88 million variants, 24 million of which had never been reported previously in international databases.
Dr. Said Ismail, Acting President of QPHI, said:
“The Middle East is home to more than 400 million people, and is one of the world’s oldest inhabited regions, yet it is the most underrepresented in genome sequencing, as over 95% of available genome data comes from Western Europe and North America. Through research and clinical trials conducted at QPHI, we aim to improve the representation of Arab genomes in these datasets, empowering scientists to unravel the complete map of genomes that define the allelic spectrum of the human race, including Africa, East and Southeast Asia.”
QPHI will advance the study of the Arab genome through recruiting Qataris and long-time residents in large numbers, analyzing their biological samples, as well as information about their health and lifestyle. In doing so, it will make vital data accessible for researchers across the region and the world. Partnerships with leading global genomics institutes, including The Global Alliance for Genomics and Health, as well as the Health Institutes of Turkey will ensuring the transferability of discoveries, and strengthen genomics research on a global scale.
To date, Qatar Genome Programme has sequenced the genomes of over 40,000 Qataris or long-term Qatar residents, generating a wealth of data that has helped to inform diagnoses and treatments that have saved lives.
Through the use of precision medicine, a great number of diseases can be detected early, or avoided altogether. Interventions such as rapid genetic screening for heart patients has led to targeted treatment and a reduction in the number of days patients need to stay in hospital, while mandatory newborn screening through heel prick tests screens for over 80 disorders, giving doctors and parents the ability to detect treatable diseases before clinical presentation.
By seamlessly integrating cutting-edge research with clinical applications, QPHI will equip healthcare providers with the means to provide personalized treatment and elevate the standard of care while cementing Qatar’s position as a frontrunner in precision medicine on the global stage.
For more about Qatar Foundation, please visit qf.org.qa.
For more about QPHI, please visit qphi.org.qa
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ION LookOut named “Most Innovative Trade Surveillance Solution” at A-Team Innovation Awards 2024

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LONDON, May 1, 2024 /PRNewswire/ — ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates, announces that ION LookOut has been named “Most Innovative Trade Surveillance Solution” at the A-Team Innovation Awards 2024. 

The A-Team Innovation Awards recognize innovative projects and teams across the vendor and practitioner communities that leverage new and emerging technologies to deliver cutting-edge solutions for financial institutions in capital markets. The awards focus on data management, trading technology, ESG, and regtech suppliers whose contributions are advancing these areas.
ION LookOut, developed by LIST – an ION company, is a multi-asset trade surveillance solution used across multiple jurisdictions. Machine Learning for Alarm Classification (MLAC), ION LookOut’s AI-based assistant, helps compliance teams classify multiple alerts, reducing time and effort, and improving efficiency. MLAC optimizes alert management by learning from the past behavior of compliance officers. It helps reduce the workload of compliance officers while raising alarms for the necessary level of tracking activity. The automatic closure of low-profile alerts further streamlines the process, saving time.
“We are thrilled with ION LookOut’s win at the A-Team Innovation Awards 2024. The recognition reflects ION’s dedication to delivering high-value solutions that address our customers’ evolving needs,” said Alvise Insalaco, Chief Executive Officer: LIST.
“It’s an honor to have ION LookOut recognized for its innovative trade surveillance solution,” said Mirko Marcadella, Chief Product and Marketing Officer: LIST. “This award is a testament to ION’s unwavering commitment to push the boundaries of innovation and deliver solutions that empower our customers.”
Angela Wilbraham, CEO at A-Team Group and 4th annual A-Team Innovation Awards 2024 host, commented, “Many congratulations to ION for winning the Most Innovative Trade Surveillance Solution award in recognition of their achievement in delivering high levels of innovation to financial institutions. They should be deservedly proud of this accomplishment.”
ION LookOut was also named Best Solution for Record Retention at the RegTech Insight Awards APAC 2024 earlier this year, further demonstrating ION’s consistent track record of delivering award-winning products.
About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/ 
About ION Markets
ION Markets provides transformative technology and solutions to financial institutions dealing in asset management, cleared derivatives, equities, fixed income, foreign exchange, and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the full trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/ 
About LIST
An ION company, LIST is a leading financial technology provider to the global trading community, including trading venues, market makers, brokers, asset managers, risk managers, and compliance officers. LIST’s innovative turnkey products and delivery, driven by customers’ needs, play a key role in supporting successful business growth in today’s volatile times. Continuous innovation and client partnerships around the globe have built trust and reliance on LIST’sunique real-time and data analytics capabilities. For more information, visit https://www.list-group.com/.
About A-Team Innovation Awards 2024
The A-Team Innovation Awards celebrate innovative projects and teams across the vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets, with a specific focus on data management, trading technology, ESG and regtech suppliers. For more information, visit https://a-teaminsight.com/awards/a-team-innovation-awards/
All product and company names herein may be trademarks of their registered owners.

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