The global geospatial analytics market reached a value of US$ 77.2 billion in 2021. Looking forward, the market is projected to reach US$ 174.2 billion by 2027, exhibiting a CAGR of 14.44% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Geospatial analytics refers to the analysis of geological data obtained from maps, graphs, statistics and cartograms for the representation of features or objects on the surface of the Earth. It involves the use of the global positioning system (GPS), 3D scanners, geotagging, location sensors, social media platforms, mobile devices and satellite imaging solutions for surface analysis, network analysis and geovisualization. Geospatial analytics adds timing and location to the real-time geospatial data and provides accurate insights through visual patterns and images. It is also used in geographic information systems (GIS) for weather modeling, population forecasting and monitoring of retail sales trends. As a result, it finds extensive applications for disaster management, urban planning and development and natural resource exploration.
The increasing development of smart cities across the globe is one of the key factors driving the growth of the market. Moreover, the widespread adoption of geospatial analytics for defense and military applications is providing a thrust to the market growth. With the rising instances of military tensions, defense organizations are increasingly adopting geospatial analytics for enhanced situational awareness and satellite monitoring of troops and enemy movements. In line with this, as the coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the demand for geospatial analytics for tracking the disease and monitoring the affected areas. Additionally, various technological advancements, such as the integration of connected devices with artificial intelligence (AI) and machine learning (ML) solutions, are acting as other growth-inducing factors. These technologies aid in image classification, object detection, semantic segmentation and instance segmentation. Other factors, including significant improvements in the 5G infrastructure, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
This report provides an analysis of the key trends in each sub-segment of the global geospatial analytics market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on component, type, technology, enterprise size, deployment mode and vertical.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alteryx Inc., Descartes Labs Inc, Environmental Systems Research Institute Inc., General Electric Company, Hexagon AB, Oracle Corporation, Orbital Insight Inc., SAP SE, Sparkgeo, TomTom N.V., Trimble Inc. and Ubimo Ltd. (Quotient Technology).
Geospatial analytics refers to the analysis of geological data obtained from maps, graphs, statistics and cartograms for the representation of features or objects on the surface of the Earth. It involves the use of the global positioning system (GPS), 3D scanners, geotagging, location sensors, social media platforms, mobile devices and satellite imaging solutions for surface analysis, network analysis and geovisualization. Geospatial analytics adds timing and location to the real-time geospatial data and provides accurate insights through visual patterns and images. It is also used in geographic information systems (GIS) for weather modeling, population forecasting and monitoring of retail sales trends. As a result, it finds extensive applications for disaster management, urban planning and development and natural resource exploration.
Geospatial Analytics Market Trends
The increasing development of smart cities across the globe is one of the key factors driving the growth of the market. Moreover, the widespread adoption of geospatial analytics for defense and military applications is providing a thrust to the market growth. With the rising instances of military tensions, defense organizations are increasingly adopting geospatial analytics for enhanced situational awareness and satellite monitoring of troops and enemy movements. In line with this, as the coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the demand for geospatial analytics for tracking the disease and monitoring the affected areas. Additionally, various technological advancements, such as the integration of connected devices with artificial intelligence (AI) and machine learning (ML) solutions, are acting as other growth-inducing factors. These technologies aid in image classification, object detection, semantic segmentation and instance segmentation. Other factors, including significant improvements in the 5G infrastructure, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global geospatial analytics market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on component, type, technology, enterprise size, deployment mode and vertical.
Breakup by Component:
- Solution
- Services
Breakup by Type:
- Surface and Field Analytics
- Network and Location Analytics
- Geovisualization
- Others
Breakup by Technology:
- Remote Sensing
- GIS
- GPS
- Others
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Vertical:
- Automotive
- Energy and Utilities
- Government
- Defense and Intelligence
- Smart Cities
- Insurance
- Natural Resources
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alteryx Inc., Descartes Labs Inc, Environmental Systems Research Institute Inc., General Electric Company, Hexagon AB, Oracle Corporation, Orbital Insight Inc., SAP SE, Sparkgeo, TomTom N.V., Trimble Inc. and Ubimo Ltd. (Quotient Technology).
Key Questions Answered in This Report
- How has the global geospatial analytics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global geospatial analytics market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the deployment mode?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global geospatial analytics market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Geospatial Analytics Market
What is the estimated value of the Global Geospatial Analytics Market?
What is the growth rate of the Global Geospatial Analytics Market?
What is the forecasted size of the Global Geospatial Analytics Market?
Who are the key companies in the Global Geospatial Analytics Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 77.2 Billion |
| Forecasted Market Value ( USD | $ 174.2 Billion |
| Compound Annual Growth Rate | 14.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary14 Value Chain Analysis16 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Geospatial Analytics Market
6 Market Breakup by Component
7 Market Breakup by Type
8 Market Breakup by Technology
9 Market Breakup by Enterprise Size
10 Market Breakup by Deployment Mode
11 Market Breakup by Vertical
12 Market Breakup by Region
13 SWOT Analysis
15 Porters Five Forces Analysis
17 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Alteryx Inc.
- Descartes Labs Inc
- Environmental Systems Research Institute Inc.
- General Electric Company
- Hexagon AB
- Oracle Corporation
- Orbital Insight Inc.
- SAP SE
- Sparkgeo
- TomTom N.V.
- Trimble Inc.
- Ubimo Ltd. (Quotient Technology)
Methodology
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