Global Geospatial Analytics Market was valued at US$ 56.04 Bn. in 2020. Global Geospatial Analytics Market size is estimated to grow at a CAGR of 11.01 %. The market is expected to reach a value of US $ 116.42 Bn in 2027.
Geospatial Analytics Market Overview:
The Global Geospatial Analytics Market The process of analysing geological data acquired from graphs, maps, cartograms, and statistics for the representation of objects or characteristics on the Earth's surface is known as geospatial analytics. 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.
Historical Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
Geospatial Analytics Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Geospatial Analytics Market segments which include products, applications, and competitor analysis.
Geospatial analytics is the process of analysing geological data obtained through graphs, maps, cartograms, and statistics for the representation of objects or features on the Earth's surface. Geospatial analytics uses 3D scanners, GPS, geotagging, social media platforms, location sensors, mobile devices, and satellite imaging technologies for surface analysis, geo-visualization, and network analysis.
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Segmentation:
Type, component, solution, services, technology, deployment mode, vertical, and application are all segments of the global geospatial analytics market.
In 2021, the global market for geospatial analytics was dominated by the solution segment.
In 2021, the solution sector had the biggest market share (almost 67.89%) by component. Geocoding and reverse geocoding, data integration and ETL, reporting and visualisation, thematic mapping, and spatial analysis are all tools that assist firms understand and implement essential business strategies.
Because of expanding satellite programmes and rapid urbanisation, the geocoding and reverse geocoding market is predicted to develop at the fastest CAGR of 12.5 percent between 2021 and 2027.
In 2021, the surveying sector is expected to hold the greatest share of the market. The high use of geospatial analytics technology for surveying applications across numerous industries, including oil and gas, forestry, security and military, agriculture, transportation, and construction, is attributable to this increase.
Due to benefits such as easy subscription models, pay-per-use, high-end data security, and web-based models, the cloud segment is predicted to develop at the fastest rate throughout the forecast period. For a variety of applications, cloud-based installations provide analytical and visualisation capabilities. Scalability, adaptability, and painless updates are also likely to contribute to the segment's quick expansion.
Key Players:
• ESRI
• Alteryx
• Bentley Systems
• CARTO
• Descartes Labs
• Fugro
• General Electric
• Geospin
• Google
• Hexagon AB
• Mapidea
• MapLarge
• Maxar Technologies
• Oracle
• Orbica
• Orbital Insight
• Precisely
• RemOT Technologies
• RMSI
• SAP
• Ubimo
• Skymap Global
• Sparkgeo
• TomTom
• Trimble
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the Geospatial Analytics Market presented in the MMR report. Local development plans are often affected by the performance of Geospatial Analytics market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic Geospatial Analytics market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the Geospatial Analytics Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in Geospatial Analytics Market report
- What was the market size of Geospatial Analytics Market in 2020 and forecast up to 2027?
- Which is the largest regional Geospatial Analytics Market?
- What are the major trends followed in Geospatial Analytics Market across different regions?
- Who is the key Geospatial Analytics Market companies leading the market?
- What are the key strategies adopted by the leading Geospatial Analytics Market companies in market?
- Unique data points of this report
- Statistics on Geospatial Analytics Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Geospatial Analytics Market for various end-use.
- Notable developments going on in Geospatial Analytics Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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