Global Market for Geospatial Analytics is Anticipated to grow at a Significant Pace i.e., USD 97.3 Billion during the Forecast Period 2021-2027

Published Date: Jun, 2021

The global geospatial analytics market is expected to witness a CAGR of 13.8% during the forecast period. Innovations and advancements in drone technology, the growing deployment of unmanned aerial vehicles (UAVs) to remotely monitor and collect large amounts of location data with minimal human intervention, the increase in the number of AI and MI-based GIS solutions, the rise in adoption of GPS-enabled smartphones and devices, development of smart cities and urbanization will propel the growth of geospatial analytics market. Furthermore, oil & gas companies and the automotive industry across the globe are deploying geospatial analytics to expand their businesses.

The COVID-19 outbreak has provided many growth opportunities for the geospatial analytics market, owing to people opting for smart wearables, robots, and drones. GIS, analytics, and big data are some technologies that can be used in the healthcare sector to better understand the situation and make informed decisions in a timely manner. Use of satellite monitoring such as remote sensing software, remote temperature software is used to control the spread of the coronaviruses.

Esri unveiled new ArcGis platform features. Esri introduced a new deployment option to ArcGIS Indoors and Space Planner (a new app template) as well as a number of other changes for ArcGIS Indoors mobile and ArcGIS Indoors in ArcGIS Pro.

Syncsort purchased Pitney Bowes' software and data business and rebranded as Precisely. Precisely would assist businesses in making better judgments and achieving better results.

Browse 69 market data Tables and 40 Figures spread through 188 Pages and in-depth TOC on " Geospatial Analytics Market by Component (Service and Software and Solutions), by Type (Network and Location Analytics, Surface and Field Analytics, Geo visualization, and Others) by Application (Medicine and Public Safety, Climate Change Adaptation, Surveying, Disaster Risk Reduction and Management, and Others), By Vertical (Automotive, Defense and Intelligence, Utility and Communication, Business, Natural Resources, Government, and Others), and Region - Global Forecast to 2027"

By application, surveying segment to lead the market during the forecast period 2020-2027

The surveying segment in the geospatial analytics market accounts for the largest share because it has many advantages such as better decision making, reliable record retention, and better land management. The rising application of geospatial analytics in various industries such as security & defense, architecture, engineering & construction, oil & gas, manufacturing, agriculture, and utilities. The increase in the adoption of LiDAR technology is expected to drive the demand for the surveying application.

Global Geospatial Analytics Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

Service, Software, and Solutions

Service (Fastest)

 

Type

Network and Location Analytics, Surface and Field Analytics, Geo visualization, Others

Network and Location Analytics (Fastest)

 

Application

Medicine and Public Safety, Climate Change Adaptation, Surveying, Disaster Risk Reduction and Management, Others

Surveying (Fastest)

Vertical

Automotive, Defence and Intelligence, Utility and Communication, Business, Natural Resources, Government, Others

Automotive Sector  (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North-America (Largest)

Asia-Pacific (Fastest)


 

 

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“North America will dominate the market during the forecast period 2020-2027”

North America is anticipated to have the largest share in the geospatial analytics market. The presence of several technology companies in the region and the growing importance of artificial intelligence and machine learning will propel the market growth. Favorable government policies that support the easy exchange of geospatial data between private organizations have also contributed to the growth of the geospatial analytics market. In addition, the growth of the oil and gas industry, the development of 5G infrastructure, the increase in demand for connected cars, the presence of global players in the automotive industry, and the region's strong medical infrastructure are some of the driving factors that will drive the growth of geospatial analytics market in the region.

Some of the key players operating in the global geospatial analytics market are DigitalGlobe, Alteryx, Fugro N.V., RMSI, Hexagon, SAP, Maxar Technologies, Trimble Navigation, MapLarge, Bentley Systems, Harris Corporation, ESRI, Pitney Bowes, General Electric Company, Oracle and Google.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2019–2020

Base Year

2019

Forecast Period

2021–2027

Segments Covered in the Study

Component, Type, Application, Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

DIGITALGLOBE, ALTERYX, FUGRO N.V., RMSI, Hexagon, SAP, MAXAR TECHNOLOGIES, Trimble Navigation

MapLarge, Bentley Systems, Harris Corporation, ESRI, Pitney Bowes, General Electric Company, Oracle, and Google 

 

Geospatial Analytics Market Coverage

Component Insight and Forecast 2015-2027

  • Service
  • Software and Solutions

Type Insight and Forecast 2015-2027

  • Network and Location Analytics
  • Surface and Field Analytics
  • Geo visualization
  • Others

Application Insight and Forecast 2015-2027

  • Medicine and Public Safety
  • Climate Change Adaptation
  • Surveying
  • Disaster Risk Reduction and Management
  • Others

Vertical Insight and Forecast 2015-2027

  • Automotive
  • Defense and Intelligence
  • Utility and Communication
  • Business
  • Natural Resources
  • Government
  • Others

Geographical Segmentation

Geospatial Analytics Market by Region

North America

  • By Component
  • By Type 
  • By Application
  • By Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Type  
  • By Application
  • By Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Type
  • By Application
  • By Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Type
  • By Application
  • By Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

Our Industry
Global Market for Geospatial Analytics is Anticipated to grow at a Significant Pace i.e., USD 97.3 Billion during the Forecast Period 2021-2027