HOME Top Market Reports Geospatial Analytics Market by Type (Surface Analytics, Network Analytics & Geovisualization), Technology (Remote Sensing, GPS & GIS), Application (Surveying, Medicine & Public Safety, and Others), Vertical, and Region - Global Forecast to 2021

Geospatial Analytics Market by Type (Surface Analytics, Network Analytics & Geovisualization), Technology (Remote Sensing, GPS & GIS), Application (Surveying, Medicine & Public Safety, and Others), Vertical, and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: TC 4091

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The geospatial analytics market was valued at USD 30.71 Billion in 2016 and is projected to reach USD 73.91 Billion by 2021, at a CAGR of 19.2% from 2016 to 2021. The major drivers of the geospatial analytics market include, the convergence and integration of geospatial technology with mainstream technologies, commoditization of geospatial information, need for security and safety, and geospatial analytics with artificial intelligence.

Objectives of the study:

The main objectives of this report are, to define, describe, and forecast the global geospatial analytics market on the basis of type, technology, application, vertical, and region. The report provides detailed information regarding factors influencing the growth of the geospatial analytics market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze each submarket with respect to individual growth trends and contribution towards the overall market, and to analyze the opportunities in the market for stakeholders, and provides a competitive landscape for market leaders. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East and Africa (MEA). The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as, acquisitions, partnerships, new product developments, and Research & Development (R&D) activities in the market.

The research methodology used to estimate and forecast the geospatial analytics market begins with capturing data on key vendor revenues through secondary research such as annual reports, press releases, investor presentations of companies, white papers, technology journals, and certified publications. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global geospatial analytics market from the revenues of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all the segments and subsegments. The breakdown of profiles of primary interviews is depicted in the below figure:

Geospatial Analytics Market

To know about the assumptions considered for the study, download the pdf brochure

The geospatial analytics market comprises of vendors such as, Trimble Navigation Ltd. (U.S.), Hexagon AB (Sweden), Harris Corporation (U.S.), DigitalGlobe, Inc. (U.S.), Bentley Systems, Inc. (U.S.), ESRI (U.S.), General Electric (U.S.), MDA (Canada), Fugro N.V. (Netherlands), and RMSI (India). Other stakeholders of the market include geospatial analytics companies, technology service providers, and government & research organizations.

The target audience of the geospatial analytics market report is:

  • Associations & Industry Bodies
  • Cloud Service Providers
  • Technology Consultants
  • Value Added Resellers
  • Satellite Service Providers

 “This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments”.

Scope of the Report

The research report categorizes the geospatial analytics market to forecast the revenues and analyze the trends in each of the following subsegments:

By Type

  • Surface Analytics
  • Network Analytics
  • Geovisualization
  • Others

By Technology

  • Remote Sensing
  • GPS
  • GIS
  • Other

By Application

  • Surveying
  • Medicine & Public Safety
  • Disaster Risk Reduction & Management
  • Climate Change Adaptation
  • Other

By Vertical

  • Business
  • Automotive
  • Utility & Communication
  • Government
  • Defense & Intelligence
  • Natural Resources
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of companies

Geographic Analysis

  • Further breakdown of the North American geospatial analytics market
  • Further breakdown of the European market
  • Further breakdown of the Asia-Pacific region market
  • Further breakdown of the Middle Eastern & African market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
                    2.2.2.1 Breakdown of Primary Interview: By Company Type, Designation, and Region
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Geospatial Analytics Market
    4.2 Geospatial Analytics Market: Top Three Types
    4.3 Geospatial Analytics Market: Top Three Verticals and Regions
    4.4 Geospatial Analytics Market, By Application
    4.5 Geospatial Analytics Market, By Technology

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Technology
           5.2.3 By Application
           5.2.4 By Vertical
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Convergence and Integration of Geospatial Technology With Mainstream Technologies
                    5.3.1.2 Geospatial Analytics With Artificial Intelligence
                    5.3.1.3 Commoditization of Geospatial Information
                    5.3.1.4 Need of Security and Safety
           5.3.2 Restraints
                    5.3.2.1 Legal Issues and Regulations
                    5.3.2.2 High Cost
           5.3.3 Opportunities
                    5.3.3.1 Introduction of Big Data in Geospatial Analytics
                    5.3.3.2 Availability of Better and Less Expensive Geospatial Content
                    5.3.3.3 Cloud Computing in Geospatial Analytics
           5.3.4 Challenges
                    5.3.4.1 Complexities Involved in Integration of Geospatial Data With Enterprise Solutions

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Top Vender Ecosystem
    6.4 Strategic Benchmarking

7 Geospatial Analytics Market, By Type (Page No. - 48)
    7.1 Introduction
    7.2 Surface Analytics
    7.3 Network Analytics
    7.4 Geovisualization
    7.5 Others

8 Geospatial Analytics Market, By Technology (Page No. - 54)
    8.1 Introduction
    8.2 Remote Sensing
    8.3 Global Positioning System (GPS)
    8.4 Geographic Information System (GIS)
    8.5 Others

9 Geospatial Analytics Market, By Application (Page No. - 61)
    9.1 Introduction
    9.2 Surveying
    9.3 Medicine & Public Safety
    9.4 Disaster Risk Reduction & Management
    9.5 Climate Change Adaptation
    9.6 Others

10 Geospatial Analytics Market, By Vertical (Page No. - 69)
     10.1 Introduction
     10.2 Business
     10.3 Automotive
     10.4 Utility & Communication
     10.5 Government
     10.6 Defense & Intelligence
     10.7 Natural Resource
     10.8 Others

11 Geospatial Analytics Market, By Region (Page No. - 81)
     11.1 Introduction
     11.2 Europe
     11.3 Asia-Pacific
     11.4 North America
     11.5 Middle East & Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 106)
     12.1 Overview
     12.2 Competitive Situation and Trends
             12.2.1 Partnerships, Collaborations & Agreements
             12.2.2 New Product Launches
             12.2.3 Acquisitions
             12.2.4 Expansions
     12.3 Geosptial Analytivs Market: Vendor Comparision

13 Company Profiles (Page No. - 115)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
     13.1 Trimble Navigation Ltd.
     13.2 Hexagon AB
     13.3 Harris Corporation
     13.4 Digitalglobe Inc.
     13.5 Bentley Systems, Inc.
     13.6 ESRI
     13.7 General Electric (GE)
     13.8 Macdonald, Dettwiler & Associates, Ltd.
     13.9 Fugro N.V.
     13.10 RMSI

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments might not be captured in case of unlisted companies.

14 Key Innovators (Page No. - 149)
     14.1 Aam Group
     14.2 Tomtom NV
     14.3 Critigen LLC

15 Appendix (Page No. - 151)
     15.1 Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (79 Tables)

Table 1 Geospatial Analytics Market, By Type, 2014-2021 (USD Billion)
Table 2 Geospatial Analytics Market, By Type, 2014-2021 (USD Billion)
Table 3 Surface Analytics: Geospatial Analytics Market, By Region, 2014-2021 (USD Billion)
Table 4 Network Analytics: Geospatial Analytics Market, By Region, 2014-2021 (USD Billion)
Table 5 Geovisualization: Geospatial Analytics Market, By Region, 2014-2021 (USD Billion)
Table 6 Others: Geospatial Analytics Market, By Region, 2014-2021 (USD Billion)
Table 7 Geospatial Analytics Market Size, By Technology, 2014-2021 (USD Billion)
Table 8 Remote Sensing: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 9 GPS: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 10 GIS: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 11 Others: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 12 Geospatial Analytics Market Size, By Application, 2014-2021 (USD Billion)
Table 13 Surveying: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 14 Medicine & Public Safety: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 15 Disaster Risk Reduction & Management: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 16 Climate Change Adaptation: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 17 Others: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 18 Geospatial Analytics Market Size, By Vertical, 2014-2021 (USD Billion)
Table 19 Business: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 20 Automotive: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 21 Utility & Communication: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 22 Government: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 23 Defense & Intelligence: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 24 Natural Resource: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 25 Others: Geospatial Analytics Market Size, By Region, 2014-2021 (USD Billion)
Table 26 Geospatial Analytics Market Size, By Region, 2014–2021 (USD Billion)
Table 27 Europe: Geospatial Analytics Market, By Type, 2014–2021 (USD Billion)
Table 28 Europe: Geospatial Analytics Market, By Technology, 2014–2021 (USD Billion)
Table 29 Europe: Geospatial Analytics Market, By Application, 2014–2021 (USD Billion)
Table 30 Europe: Geospatial Analytics Market, By Vertical, 2014–2021 (USD Billion)
Table 31 Europe: Surveying Application Market, By Technology, 2014–2021 (USD Billion)
Table 32 Europe: Medicine & Public Safety Application Market, By Technology, 2014–2021 (USD Billion)
Table 33 Europe: Disaster Risk Reduction & Management Application Market, By Technology, 2014–2021 (USD Billion)
Table 34 Europe: Climate Change Adaptation Application Market, By Technology, 2014–2021 (USD Billion)
Table 35 Europe: Other Applications Market, By Technology, 2014–2021 (USD Billion)
Table 36 Asia-Pacific: Geospatial Analytics Market, By Type, 2014–2021 (USD Billion)
Table 37 Asia-Pacific: Geospatial Analytics Market, By Technology, 2014–2021 (USD Billion)
Table 38 Asia-Pacific: Geospatial Analytics Market, By Application, 2014–2021 (USD Billion)
Table 39 Asia-Pacific: Geospatial Analytics Market, By Vertical, 2014–2021 (USD Billion)
Table 40 Asia-Pacific: Surveying Application Market, By Technology, 2014–2021 (USD Billion)
Table 41 Asia-Pacific: Medicine & Public Safety Application Market, By Technology, 2014–2021 (USD Billion)
Table 42 Asia-Pacific: Disaster Risk Reduction & Management Application Market, By Technology, 2014–2021 (USD Billion)
Table 43 Asia-Pacific: Climate Change Adaptation Application Market, By Technology, 2014–2021 (USD Billion)
Table 44 Asia-Pacific: Other Applications Market, By Technology, 2014–2021 (USD Billion)
Table 45 North America: Geospatial Analytics Market, By Type, 2014–2021 (USD Billion)
Table 46 North America: Geospatial Analytics Market, By Technology, 2014–2021 (USD Billion)
Table 47 North America: Geospatial Analytics Market, By Application, 2014–2021 (USD Billion)
Table 48 North America: Geospatial Analytics Market, By Vertical, 2014–2021 (USD Billion)
Table 49 North America: Surveying Application Market, By Technology, 2014–2021 (USD Billion)
Table 50 North America: Medicine & Public Safety Application Market, By Technology, 2014–2021 (USD Billion)
Table 51 North America: Disaster Risk Reduction & Management Application Market, By Technology, 2014–2021 (USD Billion)
Table 52 North America: Climate Change Adaptation Application Market, By Technology, 2014–2021 (USD Billion)
Table 53 North America: Other Applications Market, By Technology, 2014–2021 (USD Billion)
Table 54 Middle East & Africa: Geospatial Analytics Market, By Type, 2014–2021 (USD Billion)
Table 55 Middle East & Africa: Geospatial Analytics Market, By Technology, 2014–2021 (USD Billion)
Table 56 Middle East & Africa: Geospatial Analytics Market, By Application, 2014–2021 (USD Billion)
Table 57 Middle East & Africa: Geospatial Analytics Market, By Vertical, 2014–2021 (USD Billion)
Table 58 Middle East & Africa: Surveying Application Market, By Technology, 2014–2021 (USD Billion)
Table 59 Middle East & Africa: Medicine & Public Safety Application Market, By Technology, 2014–2021 (USD Billion)
Table 60 Middle East & Africa: Disaster Risk Reduction & Management Application Market, By Technology, 2014–2021 (USD Billion)
Table 61 Middle East & Africa: Climate Change Adaptation Application Market, By Technology, 2014–2021 (USD Billion)
Table 62 Middle East & Africa: Other Applications Market, By Technology, 2014–2021 (USD Billion)
Table 63 Latin America: Geospatial Analytics Market, By Type, 2014–2021 (USD Billion)
Table 64 Latin America: Geospatial Analytics Market, By Technology, 2014–2021 (USD Billion)
Table 65 Latin America: Geospatial Analytics Market, By Application, 2014–2021 (USD Billion)
Table 66 Latin America: Geospatial Analytics Market, By Vertical, 2014–2021 (USD Billion)
Table 67 Latin America: Surveying Application Market, By Technology, 2014–2021 (USD Billion)
Table 68 Latin America: Medicine & Public Safety Application Market, By Technology, 2014–2021 (USD Billion)
Table 69 Latin America: Disaster Risk Reduction & Management Application Market, By Technology, 2014–2021 (USD Billion)
Table 70 Latin America: Climate Change Adaptation Application Market, By Technology, 2014–2021 (USD Billion)
Table 71 Latin America: Other Applications Market, By Technology, 2014–2021 (USD Billion)
Table 72 Market Developments Between 2013 and 2016
Table 73 Partnerships, Collaborations & Agreements, 2016
Table 74 New Product Launches, 2015-2016
Table 75 Acquisitions, 2014–2016
Table 76 Expansions, 2013-2015
Table 77 New Product Launches/Developments, 2013-2015
Table 78 New Partnerships, 2014-2016
Table 79 Acquisitions, 2013-2014


List of Figures (66 Figures)
 
Figure 1 Global Geospatial Analytics Market: Market Covered
Figure 2 Geospatial Analytics Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Research Methodology: Data Triangulation Approach
Figure 6 Remote Sensing Segment to Grow With the Largest Market Size in 2016
Figure 7 Automotive Segment to Grow at the Highest CAGR During the Forecast Period
Figure 8 Climate Change Adaption Segment to Grow at the Highest CAGR During the Forecast Period
Figure 9 Europe is Estimated to Be the Largest Geospatial Analytics Market in 2016
Figure 10 Convergence and Integration of Geospatial Technology With Mainstream Technologies is Driving the Geospatial Analytics Market
Figure 11 Surface Analytics Segment is Estimated to Have the Largest Market Size in 2016
Figure 12 Business Segment is Estimated to Have the Largest Share of the Geospatial Analytics Market in 2016
Figure 13 Surveying Segment is Projected to Have the Largest Market Size During the Forecast Period
Figure 14 Remote Sensing Segment is Estimated to Have the Largest Market Size in 2016
Figure 15 Geospatial Analytics Market, By Type
Figure 16 Geospatial Analytics Market, By Technology
Figure 17 Geospatial Analytics Market, By Application
Figure 18 Geospatial Analytics Market, By Vertical
Figure 19 Geospatial Analytics Market, By Region
Figure 20 Geospatial Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Geospatial Analytics Market - Value Chain
Figure 22 Geospatial Analytics Market : Ecosystem
Figure 23 Network Analytics Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Surface Analytics Segment Projected to Witness Largest Market Size in Europe During the Forecast Period
Figure 25 Network Analytics Segment is Projected to Grow at the Highest CAGR in Asia-Pacific During the Forecast Period
Figure 26 Geovisualization Segment is Projected to Grow at the Highest CAGR in Asia-Pacific During the Forecast Period
Figure 27 Others Segment is Projected to Grow at the Highest CAGR in Asia-Pacific During the Forecast Period
Figure 28 GPS Segment is Expected to Witness the Highest Growth Rate in the Geospatial Analytics Market During the Forecast Period
Figure 29 Remote Sensing Segment is Expected to Register the Highest Growth Rate in Asia-Pacific During the Forecast Period
Figure 30 GPS Segment is Expected to Witness Considerable Growth in the Asia-Pacific Region During the Forecast Period
Figure 31 GIS Segment is Expected to Hold the Highest Market Share in the Asia-Pacific Region During the Forecast Period
Figure 32 Others Segment is Expected to Witness Significant Growth in the Asia-Pacific Region During the Forecast Period
Figure 33 Surveying Segment is Estimated to Hold the Largest Market Share of the Geospatial Analytics Market in During the Forecast Period
Figure 34 Surveying Segment is Projected to Register the Highest Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 35 Medicine & Public Safety Segment is Projected to Register the Highest Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 36 Disaster Risk Reduction & Management Segment is Projected to Witness the Highest Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 37 Climate Change Adaptation Segment is Expected to Grow at the Highest CAGR in the Asia-Pacific Region During the Forecast Period
Figure 38 Others Segment is Expected to Witness Significant Growth in the Latin America Region During the Forecast Period
Figure 39 Business Segment is Estimated to Hold the Largest Share in the Geospatial Analytics Market During the Forecast Period
Figure 40 Business Segment is Estimated to Register the Highest Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 41 Automotive Segment is Estimated to Register the Highest Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 42 Utility & Communication Segment is Estimated to Have the Higest Market Size in the North America Region in 2016
Figure 43 Government Segment is Estimated to Witness A Considerable Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 44 Defense & Intelligence Segment is Estimated to Witness A Significant Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 45 Natural Resource Segment is Estimated to Witness A Significant Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 46 Others Segment is Estimated to Witness A Significant Growth Rate in the Asia-Pacific Region During the Forecast Period
Figure 47 Asia-Pacific and Latin America are Emerging as Lucrative Market for Investment During 2016
Figure 48 Geospatial Analytics Market in Asia-Pacific is Projected to Grow at the Highest CAGR From 2016 to 2021
Figure 49 Europe Geospatial Analytics Market: Snapshot
Figure 50 Asia-Pacific Geospatial Analytics Market: Snapshot
Figure 51 Companies Adopted Partnerships, Collaborations & Agreements, and New Product Launches as the Key Growth Strategies
Figure 52 Battle for Market Share: Partnerships, Collaborations & Agreements is the Growth Strategy Most Adopted By the Market Players
Figure 53 Vendor Comparision: Business Strategy
Figure 54 Vendor Comparision: Business Offering
Figure 55 Trimble Navigation Ltd.: Company Snapshot
Figure 56 Trimble Navigation Ltd.: SWOT Analysis
Figure 57 Hexagon AB: Company Snapshot
Figure 58 Hexagon AB: SWOT Analysis
Figure 59 Harris Corporation: Company Snapshot
Figure 60 Harris Corporation: SWOT Analysis
Figure 61 Digitalglobe Inc.: Company Snapshot
Figure 62 Digitalglobe Inc.: SWOT Analysis
Figure 63 Bentley Systems, Inc.: SWOT Analysis
Figure 64 General Electric: Company Snapshot
Figure 65 MDA: Company Snapshot
Figure 66 Fugro N.V.: Company Snapshot

The geospatial analytics market is projected to grow from USD 30.71 Billion in 2016 to USD 73.91 Billion by 2021, at a high CAGR of 19.2% during the forecast period. The substantial growth of the geospatial analytics market is attributed to the high demand for the convergence and integration of geospatial technology with mainstream technologies. The increasing demand for geospatial analytics solutions along with artificial intelligence and commoditization of geospatial data, are the key drivers extending the utility of geospatial analytics across varied industries. The rising adoption of geospatial analytics solutions by governments and public safety organizations for safety and security is driving the market.

The report provides detailed insights into the market, which is segmented by type, technology, application, vertical, and region. Based on type, the geospatial analytics market is divided into surface analytics, network analytics, geovisualization, and others. The network analysis segment of the market is projected to grow at the highest CAGR during the forecast period. This growth is characterized by the growing adoption of network analytics solutions by various industries to minimize the additional time required and cost incurred due to inefficient networks.

Based on technology, the geospatial analytics market is segmented into GPS, remote sensing, GIS, and others. The remote sensing segment is projected to lead the market in terms of revenue during the forecast period. This growth is characterized by the exponential adoption of remote sensing by government bodies in the North American region, as well as the rising investments for geospatial technologies in the Latin American region.

Based on application, the geospatial analytics market has been segmented into surveying, medicine & public safety, disaster risk reduction & management, climate change adaptation, and others. The climate change adaptation segment of the geospatial analytics market is expected to grow at the highest CAGR during the forecast period. This high growth can be attributed to the increasing awareness about climate change among organizations such as environment related organizations.

Geospatial Analytics Market

The report covers all the major aspects of the geospatial analytics market and provides an in-depth analysis across North America, Europe, the Asia-Pacific region (APAC), the Middle East and Africa (MEA), and Latin America. At present, Europe holds the largest share of the global market. The geospatial analytics market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, which can be attributed to the increased adoption and usage of geospatial analytics in the exponentially growing industrial sectors.

Vendors also face challenges in the development and deployment of geospatial analytics solutions due to the high cost, which is a restraining factor in the growth of the geospatial analytics market. Most vendors have adopted agreements, collaborations, and partnerships as key strategies to enhance their client bases and reach more customers. The players in this market are constantly innovating and upgrading their products to strengthen their market shares. Furthermore, owing to technological advancements in geospatial analytics, key vendors are focusing on growth opportunities in cloud-based geospatial analytics, and the introduction of big data in geospatial analytics solutions, among others.

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