The Canadian geospatial imagery analytics market has been valued at USD 0.70 billion in the current year. It is expected to register a CAGR of 21.76% during the forecast period to reach USD 1.87 billion by the next five years.
The Canada Geospatial Imagery Analytics Market is inclining towards fragmentation as more players emerge who provide software for management and monitoring. Some major players include Harris Corporation, Maxar Technologies, ESRI Inc., BAE Systems, and Satellite Imaging Corporation.
In February 2023, with its partner Esri Canada, the City of Guelph was chosen as the Canadian city to lead the creation of a new emergency services geographic information system (GIS) database. As Canada implements a modernized Next Generation 9-1-1 (NG9-1-1) emergency response system, this innovative partnership, which received USD 1.017 million in federal grant funding, will support crucial enhancements in public safety in Guelph and throughout the country.
In June 2022, industries required X and Y coordinates to place names in order to locate, map, and evaluate various other forms of valuable geospatial data. Users in a variety of industries want to transform incomplete addresses or place names into intelligence that can be used in real-world situations. Esri, the global leader in location intelligence, has teamed up with real estate data analytics provider LightBox to provide advanced geocoding solutions in Canada to meet this demand. Both ArcGIS Online and ArcGIS Platform users can use the service. The LightBox enhancement will enable more precise geocoding of addresses, subaddresses, and locations with multiple units for rooftop locations.
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