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Geospatial Solutions Global Market Opportunities and Strategies to 2033

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    Report

  • 545 Pages
  • June 2024
  • Region: Global
  • The Business Research Company
  • ID: 5976844
This report describes and explains the geospatial solutions market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global geospatial solutions market reached a value of nearly $512.6 billion in 2023, having grown at a compound annual growth rate (CAGR) of 13.7% since 2018. The market is expected to grow from $512.6 billion in 2023 to $992.6 billion in 2028 at a rate of 14.1%. The market is then expected to grow at a CAGR of 16.4% from 2028 and reach $2.12 trillion in 2033.

Growth in the historic period resulted from the rapid urbanization, expansion of IoT (internet of things), growing adoption of artificial intelligence and rise in demand for cloud services. Factors that negatively affected growth in the historic period included high cost of implementation.

Going forward, the growing 5G technology, growing transportation industry, strong economic growth in emerging markets and increasing government initiatives will drive the market. Factors that could hinder the growth of the geospatial solutions market in the future include stringent regulations.

The geospatial solutions market is segmented by solution type into hardware, software and service. The software market was the largest segment of the geospatial solutions market segmented by solution type, accounting for 50.2% or $257.1 billion of the total in 2023. Going forward, the software segment is expected to be the fastest growing segment in the geospatial solutions market segmented by solution type, at a CAGR of 14.1% during 2023-2028.

The geospatial solutions market is segmented by technology into earth observation, scanning, geospatial analytics and GNSS and positioning. The GNSS and positioning market was the largest segment of the geospatial solutions market segmented by technology, accounting for 55% or $281.9 billion of the total in 2023. Going forward, the geospatial analytics segment is expected to be the fastest growing segment in the geospatial solutions market segmented by technology, at a CAGR of 15.6% during 2023-2028.

The geospatial solutions market is segmented by application into surveying and mapping, geovisualization, planning and analysis, land management and other applications. The surveying and mapping market was the largest segment of the geospatial solutions market segmented by application, accounting for 31.3% or $160.2 billion of the total in 2023. Going forward, the geovisualization segment is expected to be the fastest growing segment in the geospatial solutions market segmented by application, at a CAGR of 15.7% during 2023-2028.

The geospatial solutions market is segmented by end-user into energy and utilities, business, transportation, defense and intelligence, infrastructural development and urban development and other end-users. The infrastructural development and urban development market was the largest segment of the geospatial solutions market segmented by end-user, accounting for 28.9% or $147.9 billion of the total in 2023. Going forward, the business segment is expected to be the fastest growing segment in the geospatial solutions market segmented by end-user, at a CAGR of 16.3% during 2023-2028.

North America was the largest region in the geospatial solutions market, accounting for 35.9% or $184.1 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the geospatial solutions market will be Asia-Pacific and South America, where growth will be at CAGRs of 17.5% and 16.7% respectively. These will be followed by Eastern Europe and Africa, where the markets are expected to grow at CAGRs of 16.2% and 16.1% respectively.

The global geospatial solutions market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 9.98% of the total market in 2022. Alphabet Inc. was the largest competitor with a 3.13% share of the market, followed by Apple Inc. with 2.62%, Amazon Inc. with 2.27%, The International Business Machines Corporation with 0.40%, Uber Technologies Inc. with 0.28%, Oracle Corporation with 0.28%, Baidu inc. with 0.27%, General Electric Company with 0.25%, SAP SE with 0.25% and Harris Corporation with 0.23%.

The top opportunities in the geospatial solutions market segmented by solution type will arise in the software segment, which will gain $241 billion of global annual sales by 2028. The top opportunities in the geospatial solutions market segmented by technology will arise in the GNSS & positioning segment, which will gain $275.7 billion of global annual sales by 2028. The top opportunities in the geospatial solutions market segmented by application will arise in the surveying and mapping segment, which will gain $154.1 billion of global annual sales by 2028. The top opportunities in the geospatial solutions market segmented by end-user will arise in the infrastructural development and urban development segment, which will gain $143.9 billion of global annual sales by 2028. The geospatial solutions market size will gain the most in the USA at $124.1 billion.

Market-trend-based strategies for the geospatial solutions market include focus on innovative technological solutions, increased focus on the use of AI in geospatial solutions, innovative land cover mapping solutions, innovative geospatial platforms to bridge industry skill gap and strategic partnerships and collaborations among market players.

Player-adopted strategies in the geospatial solutions market include focus on strengthening business capabilities through development of new platforms, enhancing business operations through new product developments and strengthening position in the global market through strategic partnerships.

To take advantage of the opportunities, the analyst recommends the geospatial solutions companies to focus on developing high-accuracy GNSS solutions, focus on developing geospatial AI technologies, focus on developing geospatial AI technologies, focus on developing land cover map solutions, focus on developing innovative geospatial platforms, focus on services market segment, focus on GNSS & positioning segment, focus on strategic partnerships, expand in emerging markets, continue to focus on developed markets, focus on competitive pricing strategies, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, focus on infrastructural development and urban development segment and focus on planning and analysis segment.

Executive Summary

Geospatial Solutions Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global geospatial solutions market as it emerges from the COVID-19 shut down.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis

Description

Where is the largest and fastest-growing market for geospatial solutions? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The geospatial solutions market global report answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider geospatial solutions market; and compares it with other markets.

The report covers the following chapters:

  • Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by solution type, by technology, by application and by end-user.
  • Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
  • Macro-Economic Scenario - The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the geospatial solutions market.
  • Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional and Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
  • Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by solution type, by technology, by application and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
  • Regional Market Size and Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies.
  • Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
  • Competitive Dashboard - Briefs on competitive dashboard of major players.
  • Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
  • Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
  • Conclusions and Recommendations - This section includes recommendations for geospatial solutions providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

1) By Solution Type: Hardware; Software; Service
2) By Technology: Earth Observation; Scanning; Geospatial Analytics; GNSS and Positioning
3) By Application: Surveying; Mapping; Geovisualization; Planning; Analysis; Land Management; Other Applications
4) By End-User: Energy and Utilities; Business; Transportation; Defense and Intelligence; Infrastructural Development and Urban Development; Other End-Users

Key Companies Mentioned: Alphabet Inc.; Apple Inc.; Amazon Inc.; International Business Machines Corporation; Uber Technologies Inc.

Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; geospatial solutions indicators comparison.

Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alphabet Inc.
  • Apple Inc.
  • Amazon Inc.
  • International Business Machines Corporation
  • Uber Technologies Inc.
  • Oracle Corporation
  • Baidu inc.
  • General Electric Company
  • SAP SE
  • Harris Corporation
  • Qianxun Spatial Intelligence
  • Blue Marble Geographics
  • Arahas Technologies
  • QuakeLogic
  • GTMAP
  • ESRI
  • Soarability Technologies
  • SuperMap Software Co Ltd
  • Geospatial Media and Communications (India)
  • Topcon Corporation (Japan)
  • Woolpert
  • Murphy Geospatial
  • Merkator Group (Belgium)
  • Hexagon AB
  • Sofindev
  • GIS Solutions Inc
  • Locana
  • Applied Geographics Inc
  • SAM Companies
  • Sanborn Map Company Inc
  • AXIS GeoSpatial
  • AXIS GeoAviation
  • Trimble Inc
  • GoGeomatics
  • Kongsberg Geospatial
  • DigitalGlobe
  • TomTom N.V
  • Garmin Ltd
  • L3Harris Geospatial Solutions
  • Autodesk Inc
  • Bentley Systems
  • Leica Geosystems
  • RMSI
  • AeroVironment Inc
  • TerraGo Technologies
  • Geospatial Corporation
  • Spatial Networks
  • Cyient
  • MDA
  • Teledyne Optech
  • PCI Geomatics
  • Locusview Solutions
  • CGG
  • INEGI
  • CIATEQ
  • GEOINTEC
  • Aeroméxico
  • Intermap Technologies
  • Quantum Spatial
  • Engage Agro
  • MapGeo Solutions
  • Imagem
  • ASTERRA
  • Topocart
  • Farmdar
  • Orbital Insight
  • Sierra Alta Technology
  • ImageLand
  • GeoSilva
  • GeoAndina
  • GeoImagen
  • Geosystems Chile
  • Geomática Sur
  • IGAC
  • Civica
  • AeroMap
  • Procesos Digitales
  • Bayanat
  • General Electrical Company
  • Microsoft Corporation
  • Sambus Geospatial
  • Africa Geospatial Solutions (AGS)
  • Two Spatial
  • Geospatial Integrated Solution Limited

Methodology

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