Geospatial Analytics Market Technology, Product Scope, Demand, Business Scenario, Trends, Share, Applications, Types and Forecasts 2028
The global geospatial analytics market size is expected to reach USD 134.23 Billion in 2028 and register a CAGR of 12.1% during the forecast period, according to latest analysis by Emergen Research. Some major factors driving market revenue growth of the market are rising use of Artificial Intelligence (AI) and Machine Learning (ML) in geospatial analytics systems, rapid urbanization, rising number of government projects, and advancements in 5G communication technology. For instance, in March 2018, Esri and Microsoft launched Geospatial AI in Azure.
Rise in demand for geospatial analytics from the military sector in order to optimize placement of resources by using predictive analytics is another factor contributing to market revenue growth. Geospatial analytics is being widely used in urban planning and smart cities. In addition, geospatial data plays an important role in the development and deployment of 5G network infrastructure.
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The report is a comprehensive research study of the global Geospatial Analytics market inclusive of the latest trends, growth factors, developments, opportunities, and competitive landscape. The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.
The report further explores the key business players along with their in-depth profiling, product catalog, and strategic business decisions. The key players studied in the report are ESRI, Precisely, Oracle Corporation, Alteryx, Fugro N.V., Hexagon AB, RMSI, SAP, Trimble Navigation Ltd., and Maxar Technologies.
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Emergen Research has segmented the global geospatial analytics market based on component, solution, application, deployment type, and region.
Component Outlook (Revenue, USD Billion; 2018–2028)
Solution Outlook (Revenue, USD Billion; 2018–2028)
Geocoding and Reverse Geocoding
Data Integration and ETL
Reporting and Visualization
Thematic Mapping and Spatial Analysis
Others (DBMS and Data Storage Software)
Application Outlook (Revenue, USD Billion; 2018–2028)
Medicine and Public Safety
Disaster Risk Reduction and Management
Climate Change Adaptation
Others (Supply Chain Planning and Optimization, Sales and Marketing Optimization, Predictive Asset Management, and Inventory Management)
Deployment Type Outlook (Revenue, USD Billion; 2018-2028)
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key findings from the report suggest
In June 2020, Winshuttle, which is the leader in data management and process automation software, announced a partnership with ABBY, which is the leader in Intelligent Document Processing. The partnership is expected to help enterprises transform their strategic processes to digital and deliver “Inbox to SAP.”
Services segment accounted for largest revenue share in 2020. Companies offering Geospatial Analytics systems are providing support, training, and maintenance services to assist in-house staff in understanding Geospatial Analytics systems, which is driving growth of the services segment.
Cloud segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing demand for a cloud-based solutions in information storage is expected to drive growth of the Geospatial Analytics market during the forecast period.
Regional Bifurcation of the Geospatial Analytics Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Major benefits of the Geospatial Analytics report:
- The report discusses in detail the changing dynamics of the competitive landscape
- The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
- The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario
- The report encompasses a detailed forecast for the years 2021-2028
- The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline
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