1 minute read
Research Methodology
Drone Analytics Market Overview
The Drone Analytics Market is expected to grow from USD 2.71 billion in 2019 to USD 16.55 billion by 2026 at a CAGR of 16.82% from 2020 to 2026.
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The drone analytics market has changed rapidly on the back of the necessity for the end-to-end ecosystem that only collects data. Additionally, it offers field intelligence that has vast business value. The trend of extracting in-flight intelligence from drones is a key factor boosting the market. The offering by several service providers that offer infrastructure that combine drone-captured images, videos, and LiDAR has pushed the strides in the market. Over the past few years, cloud-based data visualization and analytics platform are rising in popularity. The proliferating volumes of drone-captured data have pushed the need for artificial intelligence and data science services. The growing trend of precision agriculture is an important factor propelling the demand for extracting intelligence from drone analytics. The trend is gathering traction in developing and developed regions. Such regions are witnessing high uptake of drones to bolster their efficiency and decrease crop waste. Enterprise agriculture businesses are seeing new potential in the market.
