Reportstack has announced a new market research report on the Satellite-based Earth Observation Services Market in the US 2015-2019. Increased adoption of analytics is one of the major trends witnessed in the market. Analytics enables the provision of detailed and meaningful information to end-users. The rapid evolution of analytics in the earth observation space is expected to propel overall market growth significantly. The Satellite-based Earth Observation Services market in the US is expected to grow at a CAGR of 7.65 percent during the forecast period of 2014-2019.
Satellite-based earth observation services provide detailed information about atmospheric changes and their effect on climate, which enables accurate risk assessment and forecasting. These services help track atmospheric changes and make projections and predictions based on data associated with changes in the earth's physical, chemical, and biological systems.
“The adoption of nano-satellites has increased in recent times is of high utility value for monitoring purposes,”.
“Moreover, the operational and development costs are lower for nano-satellites, which gives them an added advantage. They also provide the flexibility of low cost and high performance to end-users, which enables several launces in a short span of time to form a constellation.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report available @ Satellite-based Earth Observation Services Market in the US 2015-2019.
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