Drone Software Market to offer a healthy CAGR of 28.2% during 2020-25
February 11, 2020
Drone Software Market is likely to witness an impressive CAGR of 28.2% during the forecast period. Growing investments and the increasing use of drones in commercial and military applications are the major factors expected to bolster the growth of the drone software market during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Drone Software Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
· Strategic segmentation
· Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Detailed Competitive Rivalry landscaping
· Market trend and forecast analysis
· Future Growth Boulevards
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Drone Software Market Segment Insights:
Analytics: The growth engine
Based on the application type, the market is segmented as control and data capture, image processing, and analytics. The analytics segment is estimated to depict substantial growth during the forecast period. The growth can be attributed to data captured by drones, which can be utilized for analytics and delivered to businesses to facilitate their effective decision-making. Drone software are developed suitably to the varied needs of different applications.
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https://www.stratviewresearch.com/toc/733/drone-software-market.html
Dominance of: Open Source and App-Based
Based on the architecture type, the market is segmented as open source and closed source. The open source segment is expected to command the market in the coming five years. The growth of the segment is fueled by the easy availability of open source software and their preference by many companies. Further, as end-users require customized software for operating drones, the segment is likely to depict a higher growth during the forecast period.
Based on the offering type, the market is segmented as desktop software and app-based software. The app-based software segment is expected to register a higher growth during the forecast period, as they are practical in terms of their usage in remote areas or places, where carrying a desktop station is a constraint.
A highly/moderately/fragment consolidated Market
Some of the major players in the drone software market Airware, Inc., Drone Volt, Dronedeploy Inc., ESRI, 3D Robotics, Pix4D, PrecisionHawk Inc., Skyward IO, Inc., and Sensefly Ltd.
Regional Hegemony of North America & the dominance of Commercial
In terms of regions, North America led the drone software market in 2018, and is estimated to continue its dominance during the forecast period. The region’s market is driven by disruptive technologies employed in drone software industry, which are enabling the companies to transform their business operations and also supporting them gain competitive advantage. The drone software market in the Asia-Pacific region is estimated to register high growth during the forecast period, as technological innovations and increasing focus on the manufacturing of commercial drones at low cost remain the prime factors driving the region’s market.
Based on the platform type, the market is segmented as military and commercial. The commercial segment is estimated to depict a higher growth in the coming five years, owing to the rapid adoption of drones by various companies in the commercial sector for various applications.
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