Skip to main content

Drone Analytics Market is expected to advance with a CAGR of 29.8%

P&S Intelligence says that with the increasing number of UAVs in operation in various industries, the drone analytics market will grow from $2,614.3 million in 2019 at a massive 29.8% CAGR between 2020 and 2030 (forecast period). Around the world, the demand for drones continues to rise in the military sector, for surveillance and monitoring and carrying out precision strikes behind enemy lines, in order to minimize the loss of soldiers.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/drone-analytics-market/report-sample

On account of the support the agricultural sector is receiving from the government, especially in developing countries, farmers are adopting advanced technologies in their processes, such as drones and internet of things. The major uses of drones and analytics software in the sector include crop monitoring, precision agriculture, soil analysis, seed planting, livestock inspection, and irrigation management. This has become necessary to feed the growing population, while dealing with the reduction in the arable land on account of the expansion of urban areas.



A key opportunity area for the drone analytics market is the oil & gas sector, where UAVs are becoming rapidly important. Material handling, inspection and predictive maintenance, on-site monitoring and surveillance, methane management, emergency response, and various other tasks in the industry can be fatal for humans, due to the easily combustible nature of oil and gas.

Therefore, to perform all these tasks efficiently, without putting the life of people in danger, drones are being utilized. With the increasing demand for fossil fuels, oil and gas exploration and production (E&P) activities are increasing, with numerous new onshore wells and offshore rigs being developed. Thus, with an increase in the application areas of UAVs, the demand for drone analytics software is set to rise swiftly in the coming years.

This market research report provides a comprehensive overview of the drone analytics market
  • Historical and the present size of the drone analytics market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

Comments

Popular posts from this blog

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...

India Structured Cabling Market Technological Advancements, Evolving Industry Trends and Insights

A number of factors such as booming requirement for high bandwidth, escalating need for effective cable management, and surging data center sector are expected to drive the Indian structured cabling market at a CAGR of 11.5% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $508.0 million in 2020 and it is projected to reach $1,504.9 million by 2030. Moreover, the market is witnessing a trend of rapid digitization in India. One of the primary factors for the market growth is the burgeoning demand for high bandwidth, owing to the surging penetration of internet in Indian. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations. This demand is rising at a rapid pace, owing to the high data transfer capability, flexibility, and low cost of the structured cabling. As it is the basis of efficient IT infrastructure, this type of cabling is getting attention from the government...