The Global Drone Data Services Market Is Surging at a CAGR of 44.11% During the Forecasting Period 2019-2027
“According to the new market research report published by Inkwood Research, the global drone data services market is growing at a CAGR of 44.11% throughout the forecasting years of 2019-2027.”
“Browse 24 market Data Tables and 36 Figures spread over 140 Pages, along with an in-depth TOC on global drone data services market forecast 2019-2027.”
Drone data services market is an arena which is vastly driven by technology. A drone is a flying robot that is essentially used for cloud-hosted data storage. Drone data services have become a powerful business tool in many industries for data storage and gathering information for a specific location. The demand for data analysis and application of drones in various industries like logistics, agriculture, military, surveillance market and more are the factors driving the demand for drone data services market.
The need of gathering, storing and analyzing data is vital in the smooth functioning of many businesses across various industries. The demand for accelerating the process and analyzing the gathered data and comparison & detention of data is realized as an important phase of business. Manufactures in certain industries are relying on cloud-based platforms like drones. The shift is due to enhancing efficiency by a move towards cost effective methods and safe replacement of human labor. As the usage and demand for these aerial robots are snowballing, the investments in the drone data services market is also flourishing over the years.
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The construction industry is highly adopting the drone data services market.
The construction industry is adapting the drone data services technology rapidly across all end-user segments. The usage of Unmanned Aerial Vehicles (UAV) technology has bought along several advantages to the businesses in the construction industry. Site-inspection, site-induction, impressive photography for promotions, real-time update, surveillance, disaster management are the usages of drones in the construction industry. Several new companies are entering the market to own market share and array this opportunistic segment.
North America is the prime revenue contributor in the global drone data services market
The North America region has been the highest contributor to the global drone services market in 2018. The region is adopting the technology, owing to the growing emphasis of the manufacturers on increasing efficiency and reducing costs across various industries like agriculture, oil & gas and construction. Canada and the U.S. are prominent countries with a substantial market share of the drone data services and analytical market.
The global drone data service market is rapidly growing, and the top players functioning in the market are Airbus, Kespry, Intel Corporation, Parrot SA, Dronedeploy, Bae Systems, 3D Robotics Inc., Lockheed Martin, Flir System Inc., Boeing, Autodesk Inc., Aeroviroment Inc., DJI, Bentley Systems, Harris Corporation are the main players in the market. These companies are using strategies such as alliances, acquisition, collaboration, mergers, new product launch and business expansion techniques. The market is evolving and growing at a pace with new players entering to undergo business alongside the established companies.
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