DUBLIN--(BUSINESS WIRE)--Sep 6, 2018--The "Global Drone Data Services and Analytics Market: Focus on Type and Industry - Analysis and Forecast, 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global drone data services and analytics market generated $3,054.9 million in 2017, and the market is estimated to grow at a CAGR of 53.9% during 2018-2023.

The global drone data services and analytics market is expected to witness significant growth over the forecast period 2018-2023, due to the rising demand across various industries including agriculture, construction, and utilities, among others. The applications of drones have proved to be very beneficial in terms of cost and efficiency. This high scale growth of the drone industry is subsequently influencing the growth of the market. The growing commercial drone market and exemptions provided by the government for commercial drone operations are some of the key drivers propelling the growth of the global drone data services and analytics market.

Moreover, the growth of the market can be attributed to the emergence of artificial intelligence, machine learning, and blockchain technology for drone industry. The global drone data services and analytics market has been classified into two types: services and analytics. Services market is expected to have the highest growth rate during the forecast period 2018-2023, due to the extensive demand for drones in the commercial applications.

Furthermore, the drone data services and analytics solutions have been deployed by various industries including agriculture, construction, utilities, real estate, mining, and others. The agricultural industry acquired the most significant share of the global drone data services and analytics market in 2017; however, the construction industry is expected to have the highest growth rate during the forecast period, 2018-2023.

North America dominated the global drone data services and analytics market in 2017 with the U.S. acquiring the most significant market share, globally. However, Asia-Pacific is expected to have the highest growth rate during the forecast period, 2018-2023.

The study provides a detailed analysis of the ten key players in the global drone data services and analytics market including 3D Robotics, Agribotix LLC, Airware, DroneDeploy, Kespry, Measure, Parrot SA, PrecisionHawk, Inc., Propeller Aerobotics Pty Ltd, and Skycatch, Inc. in the Company Profiles section. Market Dynamics Market Drivers Favourable Governmental Regulations for Commercial Drone OperatorsGrowing Commercial Drone Market Market Challenges Risk of Cyber-attacksBreach of Public Privacy Market Opportunities Rising Adoption of AI and Machine Learning Technologies within the Drone IndustryBlockchain Technology Reforming Drone Industry

Key Topics Covered:

1 Market Dynamics

2 Competitive Insights

3 Industry Analysis

4 Global Drone Data Services and Analytics Market, 2018-2023

5 Global Drone Data Services and Analytics Market (by Type)

6 Global Drone Data Services and Analytics Market (by Industry)

7 Global Drone Data Services and Analytics Market (by Region)

8 Company Profiles

3D Robotics, Inc.Agribotix LLCAirwareDroneDeployKespryMeasureParrot SAPrecisionHawk, Inc.Propeller Aerobotics Pty Ltd.Skycatch, Inc.4DMapperAirGonPix4DDronifiSky-FuturesCyberhawk Innovations Ltd.For more information about this report visit https://www.researchandmarkets.com/research/sf5d4j/global_drone_data?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180906005401/en/

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Related Topics:Networks,Unmanned Aerial Vehicles (UAVs) - Drones

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SOURCE: Research and Markets

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PUB: 09/06/2018 06:38 AM/DISC: 09/06/2018 06:38 AM

http://www.businesswire.com/news/home/20180906005401/en