Global Geospatial Analytics Market Overview:
Geospatial analytics gathers, controls and displays geographic information system (GIS) data and imagery including GPS and satellite pictures. Geospatial data analytics rely on geographic coordinates and definite identifiers such as street address and zip code. Geospatial analytics is the idea of using time and location information within traditional data processes. This allows corporate leaders to analyze what is happening across times and locations simultaneously, allowing for smarter decisions and more precise conclusions. Geospatial analytics’ growth is sustained by the rise of geographic information system (GIS) technology.
As per latest study released by AMA Research, the Global Geospatial Analytics market is expected to see growth rate of 13.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of Geospatial Technology with Mainstream Technologies and Advancements in Geospatial Analytics with the Introduction of Artificial Intelligence and Big Data Analytics
Market Growth Drivers:
Increasing Penetration of Automation, Cloud, Internet of Things (IoT) Technology and The Introduction of Artificial Intelligence and Big Data Analytics in Geospatial Technology
Challenges:
Complexities Involved in the Integration of Geospatial Data with Enterprise Solutions
Restraints:
Regulations and Legal Issues in Several Countries and Low Availability of Skilled Staff
Opportunities:
Miniaturization of Sensors are Adding to the Momentum of the Geospatial Industry and Market Players are Focusing on the Development of 4D GIS Software
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are Alteryx, Inc. (United States), DigitalGlobe (United States), Fugro N.V. (Netherlands), Hexagon AB (Sweden), Trimble Navigation Ltd. (United States), Pitney Bowes (United States), Google (United States), RMSI (India) and SAP (Germany). Additionally, following companies can also be profiled that are part of our coverage like Maxar Technologies Ltd. (Canada), Harris Corporation (United States) and ESRI (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Geospatial Analytics market by 2030. Considering Market by Components, the sub-segment i.e. Software will boost the Geospatial Analytics market. Considering Market by Industry Vertical, the sub-segment i.e. Communication will boost the Geospatial Analytics market. Considering Market by Technology, the sub-segment i.e. Remote Sensing will boost the Geospatial Analytics market.
Latest Market Insights:
In November 2023, Esri launched ArcGIS Earth, a new 3D mapping platform designed for exploring and analyzing geospatial data. This product leverages Esri's expertise in GIS with cloud-based technology for a more immersive and interactive experience.
Federal Geographic Data Committee (FGDC) - The Geospatial Data Act of 2018 (GDA) was signed into law by the President on October 5, 2018. The GDA was included as a component of the FAA Reauthorization Act (H.R. 302, P.L. 115-254).
What Can be Explored with the Geospatial Analytics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Geospatial Analytics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Geospatial Analytics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Geospatial Analytics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Geospatial Analytics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Service Provider of Geospatial Analytics, Software Provider of Geospatial Analytics, Telecom Industry, Governmental Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.