The Geospatial Analytics Market

The geospatial analytics is used to integrate geographic information system (GIS) technology with several scientific technologies to transform, process, and validate the valuable information for business process. In addition, the manufacturing and automotive industries are deploying geospatial analytics to offer better communication between organization and people. Various benefits are associated with geospatial analytics such as it enables customers to capture and process various services, modifies current orders and processes customer moves. The rising usage and adoption of the Internet of Things (IoT) across the world along with the emergence of Artificial Intelligence (AI) and big data analysis are projected to result in major growth of the geospatial analytics market over the forecast period. Further, several benefits in artificial intelligence and big data have allowed providers of geospatial analytics solutions and services to provide on-demand analytics of huge and complex datasets. These advancements have also allowed the incorporation of information systems with a hybrid cloud computing environment. In addition, the geospatial analysis finds application in several analytical techniques such as statistical analysis to analyze geographical and spatial data. It also utilizes software solutions which have the ability to process spatial data and offering maps as well as implementing analytical methods to geographic or terrestrial datasets with the help of GIS and geomatics. Apart from this, the geospatial information systems can be easily incorporated into an organization’s present enterprise information systems. These benefits are the significant propelling factors for the geospatial analytics market growth. On the other hand, the concerns associated to geoprivacy and confidential data and high cost incurred in GIS solutions and geospatial data barriers are factors which are restricting the market growth.

Furthermore, the rapid growth in the adoption of the advanced technology and the surging demand for location-based services are the major trends noticed in the global geospatial analytics market. Technologies which include commercial and spatial analysis, Internet of things, location services, AR and VR are few technologies which foster the demand for geospatial analysis systems. Moreover, the advancements in 5G communication technology and increasing adoption of geospatial analytics system in small and medium-sized enterprises are creating huge opportunities for the market growth.

The global Geospatial Analytics Market is segregated on the basis of component as Software and Service. Based on Type the global Geospatial Analytics Market is segmented in Surface & Field Analytics, Network & Location Analytics, Geovisualization and Others. Based on Application the global Geospatial Analytics Market is segmented in Surveying, Medicine & Public Safety, Military Intelligence, Disaster Risk Reduction & Management, Marketing Management, Climate Change Adaptation (CCA), Urban Planning and Others.

The global Geospatial Analytics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Geospatial Analytics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

ESRI Inc, MDA Corporation, Hexagon AB, Trimble Geospatial, Bentley Systems Inc and others are among the major players in the global Geospatial Analytics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In June 2021, Trimble declared the extension of a geotechnical portfolio to its geospatial automated monitoring portfolio by collaboration with Worldsensing, a wireless connectivity technology provider and a leading manufacturer of geotechnical IoT monitoring systems. This collaboration allows survey, geotechnical and structural engineers to smoothly extend their monitoring business opportunities with an exclusive solution which incorporates geotechnical and geospatial data.
• In May 2021, ESRI declared that its location analytics product ArcGIS Insights now helps connecting to cloud-native databases—Snowflake, Google BigQuery, Microsoft Azure SQL, Amazon Redshift and others—that various organizations have been deploying for scalability, cost of ownership and performance reasons. This supports organizations to easily analyze their GIS data and cloud-native databases together.
• In May 2020, Syncsort is rebranded as “Precisely”. In December 2019, Syncsort bought Pitney Bowes’ software and data business and presented itself as Precisely in May 2020. Precisely would help companies to make improved decisions and provide better outcomes.

The global Geospatial Analytics Market has been segmented as below:

Geospatial Analytics Market, By Component

• Software
• Service

Geospatial Analytics Market, By Type

• Surface & Field Analytics
• Network & Location Analytics
• Geovisualization
• Others

Geospatial Analytics Market, By Application

• Surveying
• Medicine & Public Safety
• Military Intelligence
• Disaster Risk Reduction & Management
• Marketing Management
• Climate Change Adaptation (CCA)
• Urban Planning
• Others

Geospatial Analytics Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Geospatial Analytics Market, By Company

• ESRI Inc.
• MDA Corporation
• Hexagon AB
• Trimble Geospatial
• Bentley Systems Inc.
• Fugro NV
• Harris Corporation
• Atkins Plc.
• General Electric (GE)
• Critigen LLC
• Digital Globe Inc.
• GeoSpatial Analytics Inc.
• Descartes Labs
• Orbital Insight
• RemOT Technologies

The report covers the below scope:

• Global Geospatial Analytics Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Geospatial Analytics Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Geospatial Analytics Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Geospatial Analytics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Geospatial Analytics Market share. Major industry players with significant revenue share include ESRI Inc, MDA Corporation, Hexagon AB, Trimble Geospatial, Bentley Systems Inc and others.

Why to Buy this Report:

• Gain detailed insights on the Geospatial Analytics industry trends
• Find complete analysis on the market status
• Identify the Geospatial Analytics Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Geospatial Analytics Market, By Component

5.1.      Key Points

5.2.  Software

5.3.  Service

6.    Geospatial Analytics Market, By Type

6.1.      Key Points

6.2. Surface & Field Analytics

6.3. Network & Location Analytics

6.4. Geovisualization

6.5.  Others

7.     Geospatial Analytics Market, By Application

7.1.      Key Points

7.2.  Surveying

7.3.  Medicine & Public Safety

7.4.  Military Intelligence

7.5.  Disaster Risk Reduction & Management

7.6.  Marketing Management

7.7.  Climate Change Adaptation (CCA)

7.8.  Urban Planning

7.9.  Others

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Geospatial Analytics Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  ESRI Inc.

9.2. MDA Corporation

9.3. Hexagon AB

9.4. Trimble Geospatial

9.5.  Bentley Systems Inc.

9.6. Fugro NV

9.7.  Harris Corporation

9.8. Atkins Plc.

9.9. General Electric (GE)