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This research study includes the following: Research scope: Drone operators, Satellite operators, Downstream service providers, Earth observation, ICT service providersGeographic scope: GlobalThe study aims to cover the global geospatial services market’s use cases and their developments in terms of new technology disruptions, business models, application areas, and trends entering the market. The research will look at 8 use cases and their application areas that offer new insights into the geospatial services market. The 8 use cases are: agriculture, energy, environmental management, automotive, aviation, defense, banking, and healthcare. They are discussed in detailed in this study. The global geospatial services market covers both data service operators and imagery analytics operators. Advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Cloud, Big Data, and Blockchain play a major role in the geospatial services market. ICT service providers integrated with the geospatial data services providers are expected to bring new technological innovations to the geospatial services market. Digital Transformation is a key trend that attracts the attention of many other participants to invest into the geospatial services market. The geospatial services market covers both structured and unstructured data. Due to this, the increasing adoption of geospatial services drives actionable insights for downstream operators. Real-time geospatial analysis helps in tracking real-time data with the use of location-based intelligence. Satellite operators working on real-time data are used to monitor and track the location data during emergencies across different application areas such as disaster management, traffic management, and patient health monitoring. Drone operators working on real-time data are used to monitor a target or asset on the ground. Drone operators play a major role in delivering parcels in time without any delay. In the future, there will be rapid technological growth in healthcare application areas which will create endless opportunities for geospatial services providers. Both drone operators and satellite operators work on real-time data. Compared to satellite operators, drone operators can perform operations with low-cost maintenance. Drone operators use high-resolution cameras to capture images with high resolution and they can be marketed at an affordable price which will bring new opportunities for drone operators. For geospatial service providers, location-based intelligence is an additional revenue stream that can be generated from their fixed-infrastructure investment. Such programs can help minimize uncertainty, improve customer engagement, and provide high-quality service operations for end users. The use of Big Data solutions brings new opportunities and new competitors in the geospatial services market. As technologies evolve Blockchain, Big Data, and AI are disruptive technologies that create new value propositions into the market and also build new business models across various geospatial applications areas. Start-ups will be the main competitors for existing geospatial participants, as they are expected to come up with new technological developments to deliver their new products and services.
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