According to PS Intelligence, the North American region was the largest user of drone analytics solutions in the recent past. This was due to the escalating demand for improved inspection and surveillance through drones, increasing integration of state-of-the-art technologies, such as machine learning (ML), the internet of things (IoT), and computer vision, in the drone software, and surging need for solutions to take immediate actions during unfavorable incidents in the agriculture, energy and utilities, and oil and gas industries in the region.
Whereas, the APAC drone analytics market is expected to display the fastest growth throughout the forecast period, owing to the soaring number of start-ups, rising number of government policies encouraging the usage of drones for non-military purposes, and mounting focus of the agrarian community on the usage of drones on farmlands in the region.
Additionally, the widening growth opportunities in India, Australia, China, Singapore, Japan, and Malaysia will also contribute to the market growth in the region.The deployment segment of the drone analytics market is divided into cloud and on-premises. Under this segment, the cloud category accounted for the larger market share in 2020.
This was primarily on account of the increasing penetration of the cloud computing technology in the corporate sector as it offers data access flexibility and a high data storage capacity. Additionally, the dominance of this category can also be credited to the lower IT costs associated with this technology. Owing to these factors, this category will also exhibit faster growth in the forecast years (2021–2030).
Thus, the increasing deployment of UAVs in the defense and security industry and rising preference for BVLOS capabilities will accelerate the adoption rate of drone analytics solutions in the upcoming years.
