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Satellite-Based Earth Observation Markets Continue to SoarCAMBRIDGE, Mass., Oct. 24, 2017 (GLOBE NEWSWIRE) -- NSR’s Satellite-Based Earth Observation (EO), 9th Edition report, releasing tomorrow, projects that Data, Value-added Services, Information Products, and Big Data Analytics from satellite-based EO will represent a $52 billion opportunity over the next ten years. The market will grow rapidly both in the upstream supply of satellites and satellite constellations, and downstream through the development of products and applications turning imagery into insights. New to this report, NSR assesses the supply/demand dynamic between upcoming EO satellite constellations, emerging applications, and the growing trend of high-volume imagery sales, along with a segmentation of the global revenue opportunity by vertical, region, segment, and Instrument Resolution. The ability to monitor global assets and economies is gaining traction in the EO space from new players, and NSR forecasts this will drive the fastest-growing vertical in Big Data analytics to reach $374 million in revenue by 2026. “Interest and investment in the EO market continues to grow all along the value chain. From satellites to Big Data analytics, new opportunities are presenting themselves, driven by technological advances and a demand for actionable intelligence,” said Dallas Kasaboski, Analyst and report author. “There are new opportunties from unlocking the value behind the pixel, to track assets, monitor and analyse changes in vegetation and infrastructure, done more frequently, and in an automated way.” Constellations are changing the EO business with higher imagery revisit and refresh along with technological improvements and innovations for the storage, processing, and delivery of data. New business models, focused on analytics, driven by large volumes of imagery, delivered as Data-, Software-, and Insights-as-a-Service are lowering the barriers to entry and expanding the opportunity in this space. At the same time, revenues generated via very high-resolution imagery continue to grow, driven by deep-pocketed customers seeking precision and quality above all else. “The ‘traditional’ EO players are well-established, with Defense and Governments expected to remain the largest verticals by 2026, in part due to the premiums paid for very high resolution imagery,” Mr. Kasaboski added. “However, this is also from government & military growing interest in large volumes of imagery, and analytics with innovative business models such as imagery leasing, subscriptions, or large-volume delivery.” NSR’s latest report examines this trend, forecasting and contrasting single vs. volume-based imagery costs and business models, an industry-first analysis. About the Report About NSR |