Geospatial Analytics Market was valued at USD 69.05 Bn. in 2022. Global Geospatial Analytics Market size is estimated to grow at a CAGR of 11.01 %. The market is expected to reach a value of USD 143.45 Bn in 2029.
Geospatial Analytics Market Overview:
The goal of this research is to provide an overview of the Geospatial Analytics market as well as detailed market segmentation based on connection type, end-use, and geography. The study contains critical information on the market positions of the leading Geospatial Analytics players, as well as noteworthy industry trends and opportunities.
The analysis also focuses on the Global Geospatial Analytics market’s key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the Geospatial Analytics Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire Geospatial Analytics Market Size from a global perspective by analyzing historical data and prospects.
Geospatial Analytics Market Scope:
The report also focuses on the leading industry players in the Global Geospatial Analytics market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Geospatial Analytics Market Dynamics:
Geospatial analytics is the process of analysing geological data derived through graphs, maps, cartograms, and statistics to represent objects or characteristics on the Earth's surface. For surface analysis, geo-visualization, and network analysis, geospatial analytics employs 3D scanners, GPS, geotagging, social media platforms, location sensors, mobile devices, and satellite imaging technologies.
Geospatial Analytics Market Segmentation:
by Components
Solutions
Services
by Deployment Mode
Cloud
On-premises
by Application
Surveying
Medicine and Public Safety
Disaster Risk Reduction and Management
Climate Change Adaptation
Other applications
In 2022, the solution segment had the biggest market share of almost 67.89% by component. Geocoding and reverse geocoding, data integration and ETL, reporting and visualisation, thematic mapping, and spatial analysis are all helping organisations understand and implement significant business-changing strategies.
According to the deployment model, the cloud segment is predicted to develop at the fastest rate throughout the projection period due to features such as simple subscription models, pay-per-use, high-end data protection, and web-based models. Cloud deployments enable analytical and visualisation capabilities for a variety of applications. Scalability, flexibility, and hassle-free updates are also likely to add to the segment's quick expansion.
The surveying application is expected to account for the greatest proportion of the market in 2022. This expansion can be due to the widespread use of geospatial analytics technology for surveying applications in a variety of industries, including oil and gas, forestry, security and defence, agriculture, transportation, and construction.
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Geospatial Analytics Market Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Geospatial Analytics market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Geospatial Analytics industry.
1. ESRI
2. Alteryx
3. Bentley Systems
4. CARTO
5. Descartes Labs
6. Fugro
7. GeneralElectric
8. Geospin
9. Google
10.Hexagon AB
11.Mapidea
12.MapLarge
13.Maxar Technologies
14.Oracle
15.Orbica
16.Orbital Insight
17.Precisely
18.RemOT Technologies
19.RMSI
20.SAP
21.Ubimo
22.Skymap Global
23.Sparkgeo
24.TomTom
25.Trimble
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Geospatial Analytics market in these regions.
COVID-19 Impact Analysis on Geospatial Analytics Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Geospatial Analytics market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Geospatial Analytics Market Report are:
- What will be the CAGR of the Geospatial Analytics market during the forecast period?
- Which segment emerged as the leading segment in the Geospatial Analytics market?
- Which are the prominent players in the Geospatial Analytics market?
- What will be the Geospatial Analytics market size by 2027?
- Which company held the largest share in the Geospatial Analytics market?
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