Blockchain Press Releases
Defense Geospatial System Market to Reach $367.40 Billion, Globally, by 2032 at 11.4% CAGR: Allied Market Research
The global defense geospatial system market is experiencing growth due to a demand of reconnaissance and surveillance, and Integration with other systems in the defense industry
PORTLAND, Ore., Aug. 9, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Defense Geospatial System Market by technology (Geographic Information System, Global Positioning System, and Remote Sensing), by type (Surface Analysis, Network Analysis, and Geo Visualization), by application (Military Logistics, Intelligence Gathering, and Battlefield management): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global defense geospatial system market was valued at $126.4 billion in 2022, and is projected to reach $367.40 billion by 2032, registering a CAGR of 11.4% from 2023 to 2032.
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Geospatial technology is increasingly important in national security issues, as individuals working in the defense sector can benefit from data exchange. As social media and other platforms create massive amounts of data every second, government agencies may now utilize GIS as a tool to evaluate data and generate meaningful insights. Defense intelligence employs geographic information systems (GIS) to track important data on hotspots and establish preventive actions for future risks to national security and public safety.
Prime determinants of growth
The global defense geospatial system Market is driven by factors such as demand of reconnaissance, and surveillance, and Integration with other systems. However, high cost and lack of accessibility, and concern of data privacy and protection are hampering the growth of the defense geospatial system Market. On the contrary, AI combined with geospatial system, and use of AR and VR in defense Geospatial system is expected to offer remunerative opportunities for the expansion of the defense geospatial system market during the forecast period.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
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Base Year |
2022 |
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Market Size in 2022 |
$126.4 billion |
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Market Size in 2032 |
$367.40 billion |
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CAGR |
11.4 % |
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No. of Pages in Report |
280 |
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Segments Covered |
Technology, Type, Application, and Region |
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Drivers |
Demand of Reconnaissance, and surveillance Integration with other systems |
|
Opportunities |
High Cost and lack of accessibility Concern of Data Privacy and Protection |
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Restraints |
AI combined with geospatial system Use of AR and VR in defense Geospatial system |
Impact of Russia–Ukraine war
- Many geospatial system providers offered their services to the Ukraine in the Russia–Ukraine war. For instance, on March 1, 2022, Ukraine’s Ministry of Digital Transformation requested synthetic-aperture radar (SAR) data from worldwide remote sensing enterprises and organizations to support the Ukrainian Armed Forces. SAR technology is a type of earth observation (EO) data that is very important in wartime since it can penetrate cloud cover and give imagery in a variety of weather conditions. The demand from Ukraine helps the technology to market itself in the defense geospatial market.
- The pandemic led to increase demand for defense geospatial system market, as most of the European countries are looking to enhance their geospatial system due to the Russia–Ukraine war.
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The Remote Sensing segment to maintain its leadership status throughout the forecast period
Based on technology, the remote sensing segment held the highest market share in 2022, accounting for nearly two-fifths of the global defense geospatial system market revenue and is estimated to maintain its leadership status throughout the forecast period. Remote sensing plays a vital role in defense geospatial applications since they are used for variety of operations including surveillance and reconnaissance. There are several market developments, as well as emerging technologies developed by manufacturers and brought to modern geospatial systems. However, the global positioning system (GPS) segment would cite the fastest CAGR of 12.2% from 2023 to 2032.
The surface analysis segment to maintain its leadership status throughout the forecast period
Based on type, the surface analysis segment held the highest market share in 2022, accounting for more than two-fifths of the global defense geospatial system market revenue and is estimated to maintain its leadership status throughout the forecast period. Geospatial surface analysis assists military forces in assessing the terrain, comprehending the physical environment, and making strategic and tactical decisions. It is also used to map the underwater surface, as in July 2022. Such developments have been creating opportunities for the private players operating in the defense geospatial system market. The network analysis segment, on the other hand, is estimated to showcase the notable CAGR of12.8% during the forecast period.
The intelligence gathering segment to maintain its leadership status throughout the forecast period
Based on application, the intelligence gathering segment held the highest market share in 2022, accounting for nearly two-fifths of the global defense geospatial system market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment is projected to cite the fastest CAGR of 12.0% from 2023 to 2032. Various countries have dedicated surveillance and intelligence collection services. The National Geospatial-Intelligence Agency (NGA) and the National Reconnaissance Office (NRO), for example, are two departments that support US intelligence. NGO collects and analyses geospatial information before disseminating it to other government agencies such as the military forces and law enforcement, whereas NRO gets essential information using satellites and meets its primary aim of acquiring imagery. NRO supports the US intelligence services in carrying out activities.
North America held the highest market share in 2022
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global defense geospatial system market revenue, however LAMEA region and is estimated to gain market domination in the forecasting period with growing CAGR of 13.2%. The domination of North America region is due to the presence of major geospatial companies in the region. Whereas in LAMEA region defense geospatial technology is widely used in military planning, surveillance, and information gathering. One of the prime examples is Israel’s IDF or Israel defense forces which utilizes IDF collects data using signal intelligence, geographical intelligence, and visual intelligence among the others.
Leading Market Players: –
- Airbus
- BlackSky
- NV5 Global, Inc.
- Hexagon AB
- Environmental Systems Research Institute, Inc. (ESRI)
- Trimble Inc.
- Maxar Technologies ON Semiconductors
- MapLarge
- Orbital Insight
- TerraGo
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The report provides a detailed analysis of these key players of the global defense geospatial system market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Similar Reports We Have on Defense Industry:
Geospatial Solutions Market Research Report 2023-2035
Aerial Imaging Market Research Report 2023-2035
Commercial Satellite Imaging Market Research Report 2023-2035
Military RADAR Market Research Report 2023-2035
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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DUBAI, UAE, Jan. 23, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, officially marks the 3rd anniversary of its P2P platform with a celebration of user achievements. The Grand Finale campaign runs through Feb. 2025, featuring a 100,000 USDT prize pool.
This final reward phase caps off Bybit P2P’s series of festive giveaways that began in late 2024. The platform achieved major milestones in 2024, reaching a single-day record of 400,000 active users and a daily trading volume peak of $130 million, demonstrating its growing appeal among P2P traders globally.
From now to Feb. 28, 2025, Bybit P2P users stand to get to make the most out of their trades and share their achievements for rewards in two events:
- Trade to Enter the Lucky Draw: Users may sign up for the event, complete simple tasks to qualify for Lucky Draw Tickets. Prizes include Apple products and bonuses in airdrops. First-time depositors will also receive a 10 USDT P2P coupon for the first deposit of 20 USDT.
- Spread the Joy for More Rewards: Bybit P2P is honoring individual members of the community by introducing the personalized Bybit Annual Report, generated upon request by users. Each Bybit Annual Report showcases the user’s 2024 achievements and performance on Bybit P2P. Eligible users can win from a 10,000 USDT prize pool by sharing their report with the hashtag #BybitP2PTrading and completing a reward redemption form.
“We are bringing the celebrations home with a focus back on our customers,” said Joan Han, Sales and Marketing Director at Bybit. “The rewards and recognition are dedicated to each one of our Bybit P2P users, and we hope to share in a moment of reflection of their trading journey and successes in the past year.”
Bybit P2P is committed to delivering personalized rewards that cater to the unique needs of different user segments. From now to Feb. 11, 2025, the Bybit P2P Peer Spin Carnival is offering a 20,000 USDT prize pool exclusively for select markets in South Asia. This limited-time campaign runs in parallel to the Bybit P2P 3rd anniversary celebrations, where eligible users can win prizes ranging from popular memecoins to 0.001 BTC by simply registering, completing simple tasks, and participating in the lucky draw.
P2P trading helps democratize finance by allowing users to buy and sell cryptocurrencies directly with each other, and on Bybit P2P, using their preferred local payment methods with access to Bybit’s 24/7 user support. Through Bybit’s P2P platform, users from diverse economic backgrounds can participate in the digital economy with minimum intermediaries. Bybit P2P’s user-friendly interface and comprehensive features and offerings continue to serve a thriving global community, making digital assets more accessible to everyone.
Registration is required, and terms and conditions apply: The Grand Finale: Bybit P2P 3rd Anniversary Celebration.
#Bybit / #TheCryptoArk / #BybitP2P
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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“The Game is On”
TAIPEI, Jan. 23, 2025 /PRNewswire/ — TiltPlay, a gaming platform offering fast-paced and engaging casual games, is proud to announce its official launch on the Soneium ecosystem. This launch positions TiltPlay as dynamic, skill-focused gaming experience to the Web3 space.
TiltPlay combines accessible gameplay with innovative technology to deliver a seamless experience across platforms, including Telegram mini-apps and web browsers. The platform’s unique approach introduces:
- Exciting Game Variety: A growing library of casual games designed to challenge and entertain.
- Skill-Based Progression: Players are rewarded for their mastery and expertise, ensuring a fair and fun competitive environment.
- Web3 Integration: Built on Soneium, providing a decentralized and secure gaming experience.
“With TiltPlay, we’re redefining mini-games by putting fun and skill at the forefront,” said Jeffrey Huang, Product Director at TiltPlay. “Our collaboration with the Soneium ecosystem allows us to deliver a platform that’s accessible, enjoyable, and innovative for all players.”
TiltPlay is now live, inviting gamers worldwide to dive into its features, test their skills, and connect with a vibrant community.
For more information about TiltPlay, visit TiltPlay.gg.
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Blockchain Press Releases
Purchasers of Quantstamp QSP Tokens May Be Eligible for Payment from the Quantstamp Fair Fund
COSTA MESA, Calif., Jan. 22, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., the SEC-appointed Fund Administrator.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
In the Matter of Quantstamp, Inc.
Administrative Proceeding File No. 3-21535
This Notice is Pursuant to a Distribution Plan approved by the United States Securities and
Exchange Commission in the captioned matter.
If you purchased or acquired Quantstamp QSP tokens from October 1, 2017, through July 20, 2023, inclusive, you may be eligible for a distribution from the Fair Fund created in the Securities and Exchange Commission (“SEC”) administrative proceeding captioned above (the “Fair Fund”).
The Fair Fund is being distributed pursuant to a Distribution Plan (the “Plan”) approved by the SEC. The Plan provides for the distribution of the Fair Fund to compensate investors based on their losses, due to the misconduct of Quantstamp, Inc. described in the SEC’s administrative proceeding, on the purchase of QSP tokens from October 1, 2017 through July 20, 2023. You can view and download a copy of the SEC’s order and the Plan on the Important Documents tab on the website for this matter: www.QuantstampFairFund.com/documents.
To be considered for eligibility for a Distribution Payment from the Fair Fund, you must timely submit a completed Claim Form online or via mail. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time (“EST”) on April 10, 2025. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, received) by April 10, 2025.
You may complete the Claim Form online here: www.QuantstampFairFund.com/form/claim. Alternatively, you may download a paper copy from of the Claim Form on the Important Documents page www.QuantstampFairFund.com/documents, or request a copy of the paper Claim Form from the Fund Administrator via email at [email protected] or by calling 833-215-6101, for submission by mail to the address set forth on the Claim Form.
ADDITIONAL INFORMATION
Additional information regarding the Fair Fund, including copies of the Plan, the Plan Notice, the Claim Form, and other relevant documents may be found at www.QuantstampFairFund.com. You may request copies or seek additional information by contacting the Fund Administrator.
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Email: |
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Call: |
833-215-6101 |
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Write: |
Quantstamp Fair Fund |
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Fund Administrator |
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P.O. Box 25381 |
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Santa Ana, CA 92799 |
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