P&S Intelligence says that with the increasing number of UAVs in operation in various industries, the drone analytics market will grow from $2,614.3 million in 2019 at a massive 29.8% CAGR between 2020 and 2030 (forecast period). Around the world, the demand for drones continues to rise in the military sector, for surveillance and monitoring and carrying out precision strikes behind enemy lines, in order to minimize the loss of soldiers.

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On account of the support the agricultural sector is receiving from the government, especially in developing countries, farmers are adopting advanced technologies in their processes, such as drones and internet of things. The major uses of drones and analytics software in the sector include crop monitoring, precision agriculture, soil analysis, seed planting, livestock inspection, and irrigation management. This has become necessary to feed the growing population, while dealing with the reduction in the arable land on account of the expansion of urban areas.

A key opportunity area for the drone analytics market is the oil & gas sector, where UAVs are becoming rapidly important. Material handling, inspection and predictive maintenance, on-site monitoring and surveillance, methane management, emergency response, and various other tasks in the industry can be fatal for humans, due to the easily combustible nature of oil and gas.

Therefore, to perform all these tasks efficiently, without putting the life of people in danger, drones are being utilized. With the increasing demand for fossil fuels, oil and gas exploration and production (E&P) activities are increasing, with numerous new onshore wells and offshore rigs being developed. Thus, with an increase in the application areas of UAVs, the demand for drone analytics software is set to rise swiftly in the coming years.

This market research report provides a comprehensive overview of the drone analytics market
Historical and the present size of the drone analytics market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential