Global Remote Sensing Software Market Size to Reach $ 2,606 million by 2027, growing at a CAGR of 13.2% from 2020 to 2027

A new study on the global remote sensing software market has been recently added to the vast repository of Report Ocean. The report, titled “Remote Sensing Software Market by Component (Software and Services), Deployment Model (On-Premise and Cloud), Software Type (Web-Based and Mobile), Application (Ground, Airborne, and Satellite) and End User (Government & Defense (Defense Organizations, Homeland Security Agencies, and Scientific Research,), and Commercial (Energy & Power, Agriculture, Healthcare, Weather Forecasting, Education, and Others), and Region: Global Opportunity Analysis and Industry Forecast, 2020-2027,” offers a detailed study of this market on the basis of its past and current performance.

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According to the research study, continuous technological advancements in remote sensing solutions are driving the global remote sensing software market significantly. The surge in the need of remote sensing data in various defense and business applications and the rising uptake of geographic information system (GIS) applications for environmental risk management among consumers are also supporting the growth of this market.

Companies are increasingly investing in satellite communication and intelligence, surveillance, and reconnaissance (ISR) payloads in a number of economies, which is likely to boost this market over the next few years. However, higher initial investment and the dearth of comprehensive government policies pertaining to remote sensing data may hamper the market’s growth in the near future. Nonetheless, the advent of modern technologies, such as big data analytics, cloud computing, and Internet Of Things (IoT) are projected to open new revenue streams for market players in the long run.

Impact of Covid 19 on Global Remote Sensing Software Market

The global remote sensing software market is one of the few markets that have been positively impacted by Covid 19. The rapid surge in uptake of remote sensing software, in order to understand the spread pattern and intensity of the outbreak to implement surveillance, preventive, and control measures, is supporting the growth of this market.

Global Remote Sensing Software Market: Dynamics

In this research report, the remote sensing software market has been evaluated on the basis of the component, deployment model, software type, application, end user, and the region. On the basis of component, it has been categorized into software and services. The software segment dominates the global market. On the basis of deployment model, it has been classified into on-premise and cloud.

Based on the type, it has been bifurcated into web-based and mobile. The web-based segment has been leading the market. On the basis of application, it has been categorized into ground, airborne, and satellite. By end user, it has been divided into the defense and the commercial sectors. The defense sector has surfaced as key end users of remote sensing software. Geographically, it has been analyzed across North America, Europe, Asia Pacific, and LAMEA in this study. the North America market for remote sensing software has emerged as the leading regional market across the world.

Key findings:

  • Based on the component, the software segment dominates the global market.
  • On the basis of the type, the web-based segment has been leading the market.
  • In terms of the end user, the defense sector has surfaced as key end users of remote sensing software.
  • Regionally, the North America market for remote sensing software has emerged as the leading regional market across the world.

The global remote sensing software market is segmented into:

By Component

  • Software
  • Services

By Deployment Model

  • On-Premise
  • Cloud

By Software 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

By Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific

LAMEA

  • Latin America
  • Middle East
  • Africa

Companies Mentioned in the Report

  • BAE Systems
  • Clark Labs
  • Earth Observing System
  • ESRI
  • Harris Geospatial Solutions, Inc.
  • Hexagon AB
  • MERRICK & COMPANY
  • PCI Geomatics
  • Textron Systems
  • Trimble Inc.

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