Geospatial Analytics Market

Geospatial Analytics Market worth $96.3 billion by 2025

The report "Geospatial Analytics Market by Component, Solution (Geocoding and Reverse Geocoding, Thematic Mapping and Spatial Analytics), Service (Consulting), Type, Technology, Deployment Mode, Organization Size, Application, Vertical, Region - Global Forecast to 2025", size is projected to grow from USD 52.6 billion in 2020 to USD 96.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period. The major factors driving the growth of the geospatial analytics market include the increasing number of AI and ML based GIS solutions, development of smart cities and urbanization, increased deployment of IoT sensors across locations, and advancement of bid data analytics for organizations by improving the workflow.

Browse 502 market data Tables and 51 Figures spread through 354 Pages and in-depth TOC on "Geospatial Analytics Market by Component, Solution (Geocoding and Reverse Geocoding, Thematic Mapping and Spatial Analytics), Service (Consulting), Type, Technology, Deployment Mode, Organization Size, Application, Vertical, Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/geospatial-analytics-market-198354497.html

Based on component, the services segment to grow at a higher CAGR during the forecast period

The services segment includes consulting, integration and deployment, and support and maintenance. Organizations require geospatial analytics services to implement effective geospatial analytics strategies, which can be handled by third-party companies so that organizations can concentrate on their core business activities. The demand for geospatial analytics services is surging during the pandemic, due to the rising tailored demands of customers. The customers are coming up with customization requirements for already installed solutions to enhance asset performance

Based on solutions, Geocoding and Reverse Geocoding is to lead the market during the forecast period

The geocoding and reverse geocoding solution segment is estimated to lead the geospatial analytics market in 2020. The geocoding and reverse geocoding solution helps businesses across verticals map coverage, acquire new customers, and identify competitors to determine prime target areas for promotional activities. The growing need to perform risk assessments using exact location information for making accurate analysis during natural calamities, such as earthquakes and floods, is driving the adoption of the geocoding and reverse geocoding solution in the geospatial analytics market.

Based on services, integration and deployment services to grow at a higher CAGR during the forecast period

The integration and deployment services in the geospatial analytics market help end users gain better knowledge of their requirements and use case scenarios, and assist them in efficiently simplifying and designing geospatial analytics implementation. Deployment and integration services seamlessly integrate each location-based platform and system, regardless of the technologies used for integration.

Based on organization size, large enterprises segment to lead the market during the forecast period

The demand for geospatial solutions is increasing across the globe, owing to the adoption of wireless devices and location-based sensors. Using analytics solutions, organizations can visualize business objects on maps, thus adding location information to business information. This provides a competitive advantage to organizations, and the information can help verticals such as transportation, energy and utilities, and public sector to improve efficiency and the decision-making process.

Based on application, the climate change adaption segment to grows at a higher CAGR during the forecast period

Geospatial data plays a key role in the climate change adaptation segment. Owing to changing climate conditions and increasing concerns over public safety, the demand for geospatial analytics solutions in the climate change adaptation segment is expected to grow.

Based on vertical, automotive segment grows at a higher CAGR during the forecast period

Automotive players can use geospatial data to estimate the local demand for automotive vehicles. By mapping the distribution of existing and prospective customers, automotive companies can efficiently market and deliver automotive vehicles. The need to analyze the local demand for automotive vehicles is driving the demand for geospatial analytics in the automotive vertical.

Asia Pacific to hold the highest market size during the forecast period

Asia Pacific is expected to be the fastest-growing market for geospatial analytics. In this region, geospatial technologies are utilized for rural and agricultural development. In APAC, companies are engaged in engineering and construction, mining and manufacturing, insurance, and agriculture and implement GIS technologies to identify potential markets and use geospatial information to make strategic decisions. Surveying and mapping technologies are widely used in APAC. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven the demand for 3D GIS in this region. The use of GIS for transportation planning, highway and roadway management, forestry management, and precision farming is driving the growth of the geospatial analytics market in this region.

Major vendors operating in the geospatial analytics market include ESRI (US), Precisely (US), Oracle Corporation (US), Alteryx, (US), Fugro N.V. (Netherlands), Hexagon AB (Sweden), RMSI (India), SAP (Germany), Trimble Navigation Ltd. (US), Maxar Technologies (US), MapLarge (US), L3Harris Corporation (US), Bentley Systems (US), General Electric (US), Google (US), TomTom (Netherlands), Atkins (UK), AAM Pty (Australia), Critigen (US), Orbital Insights (US), Autodesk (US), Descartes Labs (US), ZillionInfo (US), Geospin (Germany), and Mapidea (Portugal).

Don’t miss out on business opportunities in Geospatial Analytics Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
TC 4091
PR Published ON
9/1/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Geospatial Analytics Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home