Public Private Partnership will boost the adoption of earth observation technologies in...

Public Private Partnership will boost the adoption of earth observation technologies in the government

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USA: TechNavio, a US based market research firm has come up with a report titled – “Global Satellite-based Earth Observation Services Market by Government Users 2015-2019”.

According to the forecast presented in the report, the Satellite-based Earth Observation Services market globally will grow at a CAGR of 10.39 percent, while in the US it will grow at a CAGR of 7.65 percent over the period 2015-2019.

The report covers the geographies Americas, Asia Pacific and Europe Middle East and Africa. The report identified Airbus, DigitlaGlobe, MDA, BlackBridge, eGEOS, Deimos Imaging and ImageSat International as key vendors in the market.

The report quotes increased capabilities of satellites to provide enhanced images as the market driver. While it says, that the market is challenged by the budgetary constraints from the governments, the trends that would bring in the required adoption is identified as emergence of Public Private Partnership (PPP) as a key model.

Source: TechNavio