About Geospatial Analytics
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.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 13.0% |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Geospatial Analytics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Maxar Technologies Ltd. (Canada), Harris Corporation (United States) and ESRI (United States).
Segmentation Overview
AMA Research has segmented the market of Global Geospatial Analytics market by Type (Surface & Field Analytics, Network & Location Analytics, Geovisualization and Others), Application (Telecommunications, Natural Resource Exploration, Urban Planning/Development and Others) and Region.
On the basis of geography, the market of Geospatial Analytics 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). If we see Market by Components, the sub-segment i.e. Software will boost the Geospatial Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Communication will boost the Geospatial Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Remote Sensing will boost the Geospatial Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
Market Leaders and their expansionary development strategies
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).
Key Target Audience
Service Provider of Geospatial Analytics, Software Provider of Geospatial Analytics, Telecom Industry, Governmental Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.