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According to Stratistics MRC, the Global Geospatial Analytics Market is expected to grow from $38.65 billion in 2017 to reach $174.65 billion by 2027 with a CAGR of 18.2%. Need for reducing operational and logistic costs by organizations, technology advancement in artificial intelligence (AI) and commoditization of geospatial information are some of the key factors driving the market growth. However, high cost for implementation and official issues & policies are restraining the market.
Geospatial analytics is gathering, exhibit, and manipulation of imagery, GPS, satellite photography and historical data, described clearly in terms of geographic coordinates or completely, in terms of a street address, postal code, or forest stand identifier as they are applied to geographic models. Geospatial analysts filter out related from unrelated data and apply it to conceptualize and imagine the order hidden within the apparent disorder of geographically sorted data.
Climate change adaptation is a response to global warming and climate change, that seeks to diminish the susceptibility of social and biological systems to comparatively sudden change and thus offset the effects of global warming. This growth can be attributed to the increasing awareness about climate change among organizations such as environment related organizations.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The growth is due to rising acceptance and usage of geospatial analytics in high expansion industrial sectors. Infrastructure and smart city developments are also chief factors which are driving the market growth in this region.
Some of the key players in the Geospatial Analytics market include Harris Corporation, General Electric, Hexagon AB, Trimble Navigation Ltd, Fugro N.V., RMSI, Bentley Systems, Inc, Digitalglobe Inc, ESRI, Atkins, Critigen, Nokia, TomTom, WS Atkins Plc and Macdonald, Dettwiler & Associates, Ltd.
Technologies Covered:
• Geographic Information System (GIS)
• Remote Sensing
• Global Positioning System (GPS)
• Other Technologies
Applications Covered:
• Climate Change Adaptation
• Medicine & Public Safety
• Disaster Risk Reduction & Management
• Surveying
• Other Applications
Types Covered:
• Geovisualization
• Network Analytics
• Surface Analytics
• Other Types
End Users Covered:
• Natural Resource
• Government
• Business
• Automotive
• Utility & Communication
• Defense & Intelligence
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Geospatial analytics is gathering, exhibit, and manipulation of imagery, GPS, satellite photography and historical data, described clearly in terms of geographic coordinates or completely, in terms of a street address, postal code, or forest stand identifier as they are applied to geographic models. Geospatial analysts filter out related from unrelated data and apply it to conceptualize and imagine the order hidden within the apparent disorder of geographically sorted data.
Climate change adaptation is a response to global warming and climate change, that seeks to diminish the susceptibility of social and biological systems to comparatively sudden change and thus offset the effects of global warming. This growth can be attributed to the increasing awareness about climate change among organizations such as environment related organizations.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The growth is due to rising acceptance and usage of geospatial analytics in high expansion industrial sectors. Infrastructure and smart city developments are also chief factors which are driving the market growth in this region.
Some of the key players in the Geospatial Analytics market include Harris Corporation, General Electric, Hexagon AB, Trimble Navigation Ltd, Fugro N.V., RMSI, Bentley Systems, Inc, Digitalglobe Inc, ESRI, Atkins, Critigen, Nokia, TomTom, WS Atkins Plc and Macdonald, Dettwiler & Associates, Ltd.
Technologies Covered:
• Geographic Information System (GIS)
• Remote Sensing
• Global Positioning System (GPS)
• Other Technologies
Applications Covered:
• Climate Change Adaptation
• Medicine & Public Safety
• Disaster Risk Reduction & Management
• Surveying
• Other Applications
Types Covered:
• Geovisualization
• Network Analytics
• Surface Analytics
• Other Types
End Users Covered:
• Natural Resource
• Government
• Business
• Automotive
• Utility & Communication
• Defense & Intelligence
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
