The market size of geospatial analyzes is estimated at the US $ +40 billion in 2019 and is expected to reach the US $ +90 billion by 2024, at a CAGR of +17% from 2019 to 2024. The base year considered for the study is 2018 and the expected period Is 2019-2024.

Geospatial analyses of market dynamics

Driver:

Developments in geospatial analyzes with the introduction of artificial intelligence and big data analytics

Artificial intelligence is a simulation of human intelligence by different devices, especially computer-based systems, to perform different tasks quickly and without errors. With advances in geospatial technology, the number and volume of data collection is increasing dramatically. The main challenge facing different companies around the world is managing this huge amount of data. Through artificial intelligence and machine learning, organizations can process gigabytes of geospatial data and create actionable insights to make informed business decisions.

Restraints:

The high cost of geospatial analysis solutions

The geospatial analysis industry has grown over the past decade, and the number of application areas in which geospatial information is used has increased year on year. However, the high cost of geospatial analysis solutions restricts the growth of the geospatial analytics industry. The development of geospatial solutions for real-time data acquisition further complicates GIS programs. The high complexities involved in GIS software development and real-time data collection lead to high program costs. As a result, companies with limited financial resources are unable to invest in commercial geospatial solutions. Implementing geospatial solutions requires a high initial investment, resulting in a lower adoption rate in SMEs.

Opportunity:

Increased use of location-based services

The diverse location-based services used in web applications, mobile applications, advanced image solutions, and sensors provide significant growth opportunities in the geospatial analytics market. Many location-aware systems and technologies have been integrated into navigation systems to increase their reliability and intelligence to ensure the smooth operation of transport networks. This also allows the development of different applications and systems that use the site as a feature to perform operations for use in different sectors. Thus, the increasing use of location-based services in different sectors around the world serves as an opportunity for the growth of the geospatial market.

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Key Market Segments:

Key Market Players:

Alteryx (US), DigitalGlobe (US), Fugro N.V. (Netherlands), Hexagon (Sweden), RMSI (India), SAP (Germany), Trimble Navigation (US), Maxar Technologies (Canada), MapLarge (US), Harris Corporation (US), Bentley Systems (US), ESRI (US), General Electric (US), Pitney Bowes (US), Oracle (US), and Google (US).

By Component
  • Software & Solutions
  • Services
By Type
  • Surface & Field Analytics
  • Network & Location Analytics
  • Geo-visualization
  • Others
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
  • Other
By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
Speak to our analyst for a discussion on the above findings, and ask for a discount on the report: https://www.marketresearchinc.com/ask-for-discount.php?id=29152 Objectives of the study:
  • To define, describe, divide and predict the market for geospatial analyzes based on component, type, application, vertical and region
  • To analyze the various macro and micro factors affecting market growth
  • To forecast the size of the market segments for five major regions, namely North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America
  • To provide detailed information about key factors, such as drivers, limitations, opportunities, and challenges, affecting market growth
  • Strategic analysis of each submarket with respect to individual growth trends, prospects and contribution to the overall market
  • To analyze market opportunities for stakeholders by identifying high-growth sectors
  • To identify key market players and provide comprehensive analysis based on their business overviews, product offerings, regional presence, business strategies and key financial statements with the help of internal statistical tools to understand the competitive market landscape
Report Customization and Benefits: This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs. Table of Content: Chapter 1 Executive Summary Chapter 2 Abbreviation and Acronyms Chapter 3 Preface Chapter 4 Market Landscape Chapter 5 Market Trend Analysis Chapter 6 Industry Chain Analysis Chapter 7 Latest Market Dynamics Chapter 8 Trading Analysis Chapter 9 Historical and Current Geospatial Analytics in North America (2013-2018) Chapter 10 Historical and Current Geospatial Analytics in South America (2013-2018) Chapter 11 Historical and Current Geospatial Analytics in Asia & Pacific (2013-2018) Chapter 12 Historical and Current Geospatial Analytics in Europe (2013-2018) Chapter 13 Historical and Current Geospatial Analytics in MEA (2013-2018) Chapter 14 Summary for Global Geospatial Analytics (2013-2018) Chapter 15 Global Geospatial Analytics Forecast (2019-2023) Chapter 16 Analysis of Global Key Vendors About Us: Market Research Inc is farsighted in its view and covers the massive ground in global research. Local or global, we keep a close check on both markets. Trends and concurrent assessments sometimes overlap and influence the other.  When we say market intelligence, we mean a deep and well-informed insight into your products, market, marketing, competitors, and customers. Market research companies are leading the way in nurturing global thought leadership. We help your product/service become the best they can with our informed approach. Contact Us: Author Kevin US Address: 51 Yerba Buena Lane, Ground Suite, Inner Sunset San Francisco, CA 94103, USA Call Us: +1 (628) 225 1818 Email: sales@marketresearchinc.com