Geospatial Analytics Market Expected to Witness a Significant Growth of $174.65 Billion by 2027, at CAGR of 18.2% | Global Key Players (Harris, GE, Hexagon AB, Trimble Navigation, Fugro N.V., RMSI, Bentley, Critigen, Nokia, TomTom)

Marketprognosis.com Publish a New Market Research Report On “Geospatial Analytics - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Geospatial Analytics Market:

The Global Geospatial Analytics Market is expected to grow from $38.65 Billion in 2017 to reach $174.65 Billion by 2027 with a CAGR of 18.2%. Need for reducing operational and logistic costs by organizations, technology advancement in artificial intelligence (AI) and commoditization of geospatial information are some of the key factors driving the market growth. However, high cost for implementation and official issues & policies are restraining the market.

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Geospatial analytics is gathering, exhibit, and manipulation of imagery, GPS, satellite photography and historical data, described clearly in terms of geographic coordinates or completely, in terms of a street address, postal code, or forest stand identifier as they are applied to geographic models. Geospatial analysts filter out related from unrelated data and apply it to conceptualize and imagine the order hidden within the apparent disorder of geographically sorted data.

Climate change adaptation is a response to global warming and climate change, that seeks to diminish the susceptibility of social and biological systems to comparatively sudden change and thus offset the effects of global warming. This growth can be attributed to the increasing awareness about climate change among organizations such as environment related organizations.

Regionally, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The growth is due to rising acceptance and usage of geospatial analytics in high expansion industrial sectors. Infrastructure and smart city developments are also chief factors which are driving the market growth in this region.

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Major Key Players:

1 Harris Corporation

2 General Electric

3 Hexagon AB

4 Trimble Navigation Ltd

5 Fugro N.V.

6 RMSI

7 Bentley Systems, Inc

8 Digitalglobe Inc and More…………

Market Segment by Technologies:

1 Geographic Information System (GIS)

2 Remote Sensing

3 Global Positioning System (GPS) and Other Technologies

Market Segment by Types:

1 Geovisualization

2 Network Analytics

3 Surface Analytics and Other Types

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Geospatial Analytics Market.

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This release was published on openPR.