Frost and Sullivan’s new data analysis purported the use of geospatial techniques in food production as a boon strengthening the sector. They emphasized about that in coming future the demand for enhanced imagery and analytics intelligence will be unveiling the new opportunities.

Exploration of local data and effective surveillance using IoT will help promote the customised services and low cost solutions to the customer issues. Location based realtime surveillance is rapidly growing industry and is on pilot seat for the upcoming future.

“The rising demand for real-time surveillance and location-based intelligence services will pave the way for new companies to enter the geospatial services sector. Access to geospatial data will become simpler in the future, with government downstream operators expected to provide data without any regulation,” said Priyanka Gopalakrishnan, research analyst, F&S.

“However, the entry of multiple drone players is likely to increase the pressure on satellite companies. Compared to satellite operators, drone operators use high-resolution cameras to capture images and can perform operations at much lower costs,” she stated.

Gopalakrishnan further stated, “Blockchain, big data, and artificial intelligence will bring new value propositions into the market and promote innovative business models across various geospatial applications. Advanced geospatial technologies would allow the delivery of products and services at lower costs, which will bring new customers into the sector.

Additionally, the geospatial imagery-based analytics market can perform operations on a small budget.”

Market counterparts must be prodded to opt for geospatial services to locate and utilise the proper and high quality resources judiciously. As in agriculture, there is utter dearth of services still. So, strengthening the agri sector using geospatial techniques will provide proper data about damage and production.

Drones could be employed for real time monitoring of soil nutrient and moisture content, spraying nutrients and autonomous seeding practices can happen at its efficiency. Satellite-based tracking will be key for fleet management applications along with the use of GPS receivers attached to vehicles, providing real-time insights.

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