Space Data Management Market Size, Share, and COVID-19 Impact Analysis, By Type (Surface and Space Data Analytics, Network and Location analytics, Geovisualisation, and Others), By Application (Cloud, Live premises, Enterprises, Remote Sensing, GPS, and GIS), By End User (Government, Public, and Private), and Regional Forecast, 2024-2032

Space data management market is primarily driven by consumers in developed economies such as USA and EU-5 with extremely high cost and consumers are looking for more affordable options and in developing economies such as China seeking better quality of services.

The increasing volume of data transmission and storing of data among earth and space, space data management market is experiencing significant market growth as experienced in recent years. As the demand for more feasible, fast and efficient way to store and transfer information safely has shown a drastic need. Rise in the utility of AI based services and high growth in data analytics programs have recorded high collection of data. This scenario has boosted the demand for management of space data. Based on the current scenario the global space data management market will have formidable growth during the forecast period.

Satellite data services help to store all data and deliver the same to respective operators. Moreover, the rise in unpredictable atmospheric behaviour, owing to the rise in global warming increases satellite data services demand in earth observation and disaster management departments.

The drivers for the space data management market are:

• Increase in number of online social platform users.


• Requirement for efficient data managing service.

This market also has some restraints such as:

• Risk of data theft.


• Government regulations over monitored data.

Detailed analysis of market drivers and restraints is provided in the report along with the opportunities.

The market is also driven by the growth in number of facilities getting international accreditation, which encourages the investors to adopt the latest technologies and equipment, focus on providing higher standards of service and ensure higher levels of operation accuracy.

Impact of COVID-19 on Space Data Management Market

The Space Data Management Market is expected to take time to recover from the impact of the pandemic due to the lockdowns and travel restrictions associated with it such as,

• Supply chain was interrupted due to ban on remote trade services and shortage in raw materials affected the consistent R&D with growth of market.


• Shutting down of tech laboratories and research faculties has majorly affected the growth of market.

Although many countries have started opening up their borders for foreign traders including tech conferences, the recovery is expected to take some time. Based on the published analytical survey.

Key Insights

The report will cover the following key insights:

• Requirement of efficient space data management system.


• Secure data transmission and storage is essential for everyone.


• Neutral perspective on the market performance.


• Recent industry trends and developments.


• Competitive landscape and strategies of key players.


• Potential and niche segments and regions exhibiting promising growth covered.


• Historical, current, and projected market size, in terms of value.

Analysis by Space Data Management Services

Satellite data performs in various industry verticals such as construction, oil & gas, agriculture, mining, and others is projected to help the market develop. The use of these satellite data in such industry verticals provides a number of benefits. The building of infrastructure projects can become more detail oriented with the use of high-resolution satellite images, and the satellite data can give a graphical reference for planners and engineers, resulting in more accuracy in their construction. Similarly, satellite imaging could be used in the mining industry throughout the pre-feasibility and feasibility phases of mineral extraction to obtain databased information about the mineral possibility of the area.

Regional Analysis

The space data management market is segmented into North America, Europe, Asia Pacific, and rest of the world. In region North America. In region North America, the presence of leading data oriented companies and key vendors, such as Oracle (US), Google (US), Trimble (US), ESRI (US), and Maxar Technologies (US) in this region is expected to propel the growth of the space data management market. Asia-Pacific region is expected to provide more business opportunities for the key players operating in the global satellite data service market as the emergence of new data organising companies like Plaxonic. Drastic revenue growth is expected in forecast period because of increased funding by countries like India, Japan and China in AI an ME sector is a key factor for market revenue growth.

Key Players Covered

The report will include the profiles of key players such as include Bentley Systems (U.S.), CARTO (U.S.) ,ESRI (U.S.), Fugro (Netherlands), Geospin (Germany), Google (U.S.), Hexagon AB (Sweden), Oracle (U.S.), Orbital Insight (U.S.), Precisely (U.S.), RemOT Technologies (Spain), RMSI (India), SAP (Germany), Skymap Global (Singapore), Sparkgeo (Canada), Trimble (U.S.).

Segmentation

Key Industry Developments

• Jan 2022 –  ESRI announced ArcGIS Insights now supports connecting to cloud-native databases—Snowflake, Google BigQuery, Amazon Redshift, Microsoft Azure SQL, and others. This helps organizations easily analyse their GIS data and cloud-native databases together.


• Sep 2019 – UK Space Agency’s International Partnership Program has an initiative known as CommonSensing that uses the data cube model to help the governments of the Solomon Islands, Fiji and Vanuatu to use Earth observation to build climate resilience.