The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Drone Software Market is likely to witness an impressive CAGR of 28.2% during the forecast period.
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Drone Software Market Share: By Application Type
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.
Drone Software Market Share: By Architecture Type
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.
Drone Software Market Share: By Offering Type
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.
Drone Software Market Share: By Platform Type
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.
Drone Software Market Share: By Region
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Drone Software Market analysis report discusses the following heads in great detail:
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