U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Remote Sensing Software Market ” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
Remote sensing is the process of detection as well as monitoring of the characteristics of an area from a distance by measuring its emitted and reflected radiation (typically from aircraft or satellite). A remote sensing software is a software solution or platform which processes the remote sensing data. These software are similar to graphics software which enables generation of geographic information from airborne, ground based, and satellite sensor data. The data provided by remote sensing software is used in different fields, including coastal applications, hazard assessment, ocean applications, and natural resource management. It can also be used to survey large & inaccessible areas with an easy collection of data over a variety of resolutions and scales. These software can also make it easier to locate natural disasters such as forest fire or floods that has spread over a large region to enable rescue mission plan faster.
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Increase in advancements in the remote sensing technologies, rise in need of remote sensing data in various defense & business applications, and growing adoption of geographic information system (GIS) applications for environmental risk management are the major factors that drives the growth of the remote sensing software market. Also, increasing investments in satellite communication and Intelligence, Surveillance, and Reconnaissance (ISR) payloads across the various countries further drives market growth.
Furthermore, COVID-19 pandemic is disrupted the lives of people and leading to the use of satellite monitoring to curb the spread of the disease. This has led to rapid surge in adoption of remote sensing software to understand the spread pattern and intensity of the outbreaks to implement surveillance, preventive, and control measures. However, higher initial investment along with the lack of comprehensive government regulations or policies regarding remote sensing data may hinder the market growth to some extent. On the contrary, emergence of technologies such as cloud computing, big data analytics, and internet of things (IoT) are providing numerous opportunities for the growth of the market due to their popularity.
The remote sensing software market is segmented on the basis of component, deployment model, software type, application, end user, and region. On the basis of component, it is categorized into software and services. On the basis of deployment model, it is classified into on-premise and cloud. By type, it is bifurcated into web-based and mobile. On the basis of application, it is categorized into ground, airborne, and satellite. Depending on end user, it is divided into defense (defense organizations and homeland security agencies), and commercial (energy & power, agriculture, healthcare, scientific research, weather forecasting, and other). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
KEY BENEFITS FOR STAKEHOLDERS
– This study includes the remote sensing software market analysis, trends, and future estimations to determine the imminent investment pockets.
– The report presents information related to key drivers, restraints, and opportunities of the market.
– The remote sensing software market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
– Porter’s five forces analysis illustrates the potency of buyers & suppliers in the remote sensing software market.
KEY MARKET PLAYERS
– BAE Systems
– Clark Labs
– Earth Observing System
– ESRI
– Harris Geospatial Solutions, Inc.
– Hexagon AB
– MERRICK & COMPANY
– PCI Geomatics
– Textron Systems
– Trimble Inc.
KEY MARKET SEGMENTS
BY COMPONENT
– Software
– Services
BY DEPLOYMENT MODEL
– On-Premise
– Cloud
BY SOFTWRAE TYPE
– Web-Based
– Mobile
BY APPLICATION
– Ground
– Airborne
– Satellite
BY END USER
Government & Defense
– Defense Organizations
– Homeland Security Agencies
– Scientific Research
Commercial
– Energy & Power
– Agriculture
– Healthcare
– Weather Forecasting
– Education
– Others
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BY REGION
– North America
o U.S.
o Canada
– Europe
o UK
o Germany
o France
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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