The Geospatial Analytics Market is expected to grow from USD 22 billion in 2020 to USD 33.19 billion by 2026 at a CAGR of 7.2% from 2020 to 2026.
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.
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.
The global Geospatial Analytics Market has been segmented as below:
Geospatial Analytics Market, By Component
Geospatial Analytics Market, By Type
Geospatial Analytics Market, By Application
Geospatial Analytics Market, By Region
Geospatial Analytics Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
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:
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
18.104.22.168. Secondary Research
22.214.171.124. Primary Research
126.96.36.199. 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
5. Geospatial Analytics Market, By Component
5.1. Key Points
6. Geospatial Analytics Market, By Type
6.1. Key Points
6.2. Surface & Field Analytics
6.3. Network & Location Analytics
7. Geospatial Analytics Market, By Application
7.1. Key Points
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
8. Competitive Landscape
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
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)
9.10. Critigen LLC
9.11. Digital Globe Inc.
9.12. GeoSpatial Analytics Inc.
9.13. Descartes Labs
9.14. Orbital Insight9.15.RemOT Technologies