Press release
What's Driving the Geospatial Solution Market Growth? Esri, Fugro, Harris, Hexagon
Geospatial technology utilizes geospatial data for the creation of geographic models and data visualizations. Geospatial solutions, on the other hand, involves setting up of geospatial data models and development of geospatial apps for data models and location-based services.Major Market Player Included in this Report are:
- Esri
- Fugro N.V.
- Harris Corporation
- Hexagon AB
- Maxar Technologies Inc.
- Orbital Insight, Inc.
- Pitney Bowes Inc.
- RMSI
- SNC-Lavalin
- Trimble Inc.
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The market in developed countries is expected to experience robust growth on account of the rapid adoption of technology and the easy availability of geospatial solutions in the region. Besides, the robust integration of geospatial technologies into mainline technologies is also expected to boost market growth during the forecast period.
The geospatial solution market is anticipated to boost during the forecast period owing to the advent of artificial intelligence as well as big data analytics. Also, the emerging digital revolution and increasing applications in utility and defense are further likely to support market growth. However, regulatory and legal issues are likely to restrain the growth of the geospatial solution market during the forecast period. On the other hand, the development of 4D GIS (Geographic Information System) software is expected to create lucrative growth opportunities for the key players operating in the geospatial solution market.
The "Global Geospatial Solution Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of geospatial solution market with detailed market segmentation by component, application, end user, and geography. The global geospatial solution market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading geospatial solution market players and offers key trends and opportunities in the market.
The global geospatial solution market is segmented on the basis of component, application, and end user. Based on component, the market is segmented as hardware, software, and services. On the basis of the application the market is segmented as geovisualization, asset management, planning & analysis, surveying & mapping, and others. The market on the basis of the end user is classified as transportation, utility, defense, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global geospatial solution market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The geospatial solution market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting geospatial solution market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the geospatial solution market in these regions.
The reports cover key developments in the geospatial solution market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from geospatial solution market are anticipated to lucrative growth opportunities in the future with the rising demand for geospatial solution in the global market. Below mentioned is the list of few companies engaged in the geospatial solution market.
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The report also includes the profiles of key geospatial solution companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
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