What is Geospatial Solutions Market?
Geo means earth and spatial can be described as anything that takes up space. It can be applied to anything that takes up space on the earth. Geospatial data provides information about something that takes up space on the earth. The growth in penetration and adoption of Internet of Things (IoT) coupled with the Artificial Intelligence (AI) and big data analysis are expected to boost the growth of the market globally. Moreover, various advancements in AI and big data have enabled providers of geospatial analytics solutions and services to offer on-demand analytics of large and complex datasets.
The market study is being classified, by Application (Asset Management, Geovisualization, Planning & Analysis, Surveying & Mapping and Others) and major geographies with country level break-up.
Apple Inc. (United States), Oracle Corporation (United States), Microsoft (United States), Amazon (United States), IBM Corporation (United States), SAP (United States), HERE Technologies (The Netherlands),, Esri (United States), Hexagon (Sweden), Atkins Plc (United Kingdom), Pitney Bowes (United States), Topcon (Japan), DigitalGlobe Inc (Maxar Group)(United States), General Electric (United States), Harris Corporation (United States), Google (United States), Bentley (United Kingdom), Geospatial Corporation (United States) and Telenav (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are TomTom International B.V. (The Netherlands), China Geo-Engineering Corporation (CGC) (China), Baidu (China), RMSI (India) and Orbital Insights (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Geospatial Solutions market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Geospatial Solutions market by Type, Application and Region.
On the basis of geography, the market of Geospatial Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Integration of Geospatial Technology With Mainstream Technologies
- Surging Usage of Lbs
- High Penetration of Automation, Cloud, Internet of Things (IoT) Technology
Market Trend
- The Advent of Artificial Intelligence and Big Data Analytics in Geospatial Technology
Restraints
- Regulations and Legal Issues in Several Countries
- Low Availability of Skilled Staff
Opportunities
- Miniaturization of Sensors are Adding to the Momentum of the Geospatial Industry
- key Market Players are Focusing on the Development of 4D Gis Software
Challenges
- Complexities Involved in the Integration of Geospatial Data With Enterprise Solutions
In April 2019, HERE launched Here XYZ for mapmaking and geospatial data management for developers and non-coders. It also launched a new cloud service for fast and flexible management of location data. HERE XYZ aims to maximize ease of use, flexibility, and interoperability by leveraging the best of the open-source ecosystem and tools from the company’s long history of building standard and high-definition maps at a global scale.
Key Target Audience
Geospatial Solutions Providers, Electronic Manufacturing Companies, Software Developers, Semiconductor Manufacturers, Technology Investors, End-User and Others