Geospatial Imagery Analytics Market Size, Share, Trends, Forecast, & Growth Analysis

The geospatial imagery analytics market was estimated at USD 9.55 billion in 2021 and is likely to grow at a CAGR of 32.1% during 2023-2028 to reach USD 67.98 billion in 2028. Rising demand for GIS services by businesses to understand customer preferences, use of geospatial analytics by enterprises to improve their informational decision-making, along with the increasing focus of government authorities on enhancing disaster management by analyzing data acquired by satellites and GIS for decreasing the effects of natural calamities are some of the major factors driving the market growth during the forecast period.