Press release
Global Geospatial Solutions & Services Market to Witness a Pronounce Growth During 2029
The global geospatial solutions & services market accounted for US$ 238.5 billion in 2019 and is estimated to be US$ 1013.7 billion by 2029 and is anticipated to register a CAGR of 15.7%The report "Global Geospatial Solutions & Services Market, By Solution Type (Hardware, Software, and Service), By Technology (Geospatial Analytics, GNSS & Positioning, Scanning, and Earth Observation), By End-user (Utility, Business, Transportation, Defence & Intelligence, Infrastructural Development, Natural Resource, and Others), By Application (Surveying & Mapping, Geovisualization, Asset Management, Planning & Analysis, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.
Key Highlights:
In April 2020, HERE Technologies, a leading provider of mapping and location platform services, today announced its partnership with Gurgaon-headquartered Deduce Technologies with an aim to offer accurate information about Indian roads and traffic conditions. The partnership is expected to enhance HERE’s Real-Time Traffic solution that identifies congestion areas and its reasons by delivering high-quality flow and incident content every minute.
In February 2020, Microsoft extended its partnership with TomTom in order to expand its mapping scenarios and secured location APIs for providing geospatial context to data.
Analyst View:
Geospatial technology comprises GIS (geographical information systems), GPS (global positioning systems), and RS (remote sensing), a technology that provides a radically different way of producing and using maps that are required to manage communities and industries. Developed economies are expected to provide lucrative opportunities to the industry for geospatial solutions. The application of geospatial techniques across the globe has witnessed a steady growth over the past decades, owing to simple accessibility of geospatial technology in advanced nations such as the U.S. and Canada, thus further driving growth of the target the market. Moreover, rising smart city initiatives in emerging countries have resulted in the growing need for geospatial technologies for use in 3D urban mapping, monitoring and mapping natural resources. Increasing adoption of IoT, big data analysis, and Artificial Intelligence (AI) across the globe is projected to create profitable opportunities for global geospatial solutions & services market throughout the forecast period.
Get PDF Of This Research Report: https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/4412
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Geospatial Solutions & Services Market”, By Solution Type (Hardware, Software, and Service), By Technology (Geospatial Analytics, GNSS & Positioning, Scanning, and Earth Observation), By End-user (Utility, Business, Transportation, Defence & Intelligence, Infrastructural Development, Natural Resource, and Others), By Application (Surveying & Mapping, Geovisualization, Asset Management, Planning & Analysis, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029
Key Market Insights from the report:
The global geospatial solutions & services market accounted for US$ 238.5 billion in 2019 and is estimated to be US$ 1013.7 billion by 2029 and is anticipated to register a CAGR of 15.7%. The market report has been segmented on the basis of solution type, technology, end-user, application, and region.
By solution type, the software segment accounts for the majority of revenue share in the target market and thus has a greater share of the geospatial technologies and solutions sector.
By technology, the earth observation segment is expected to account for the largest market share by 2024. Technologies such as satellite imagery, Light Detection and Ranging (LiDAR), and other related technologies are expected to drive the growth of this segment over the forecast period.
By end-user, the target market is classified into utility, business, transportation, defence & intelligence, infrastructural development, natural resource, and others.
By application, the target market is classified into surveying & mapping, geovisualization, asset management, planning & analysis, and others.
By region, Currently, North America dominates the global geospatial solutions & services market in terms of revenue terms due to high adoption of latest technologies such as internet of things (IoT), cloud, and big data in the region. The market in Europe estimated for second-largest revenue share in the global geospatial solutions & services market, closely followed by the market in the Asia Pacific.
Competitive Landscape:
The prominent player operating in the global geospatial solutions & services market includes HERE Technologies, Esri (US), Hexagon (Sweden), Atkins PLC, Pitney Bowes, Topcon Corporation, DigitalGlobe, Inc. (Maxar Group), General Electric, Harris Corporation (US), and Google.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Get Discount On This Research Report: https://www.prophecymarketinsights.com/market_insight/Insight/request-discount/4412
Some Important Points Answered in this Market Report Are Given Below:
Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered:
Introduction:
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary:
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
Investment Analysis
Competitive Analysis
Contact Us:
Mr Alex (Sales Manager)
Prophecy Market Insights
Phone: +1 860 531 2701
Email: sales@prophecymarketinsights.com
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Geospatial Solutions & Services Market to Witness a Pronounce Growth During 2029 here
News-ID: 2102635 • Views: …
More Releases from Prophecy Market Insight

Patient Engagement Solution Market Presents a Strategic Forecast (2024-2034) on …
According to research reports the newly published report, "Patient Engagement Solution Market Accounted For US$ 17.3 Billion In 2022 And Is Estimated To Be US$ 47.04 Billion By 2032 And Is Anticipated To Register A Cagr Of 10.6%.".
Prophecy Market Insights serves as the compass guiding businesses through the dynamic landscape of the Patient Engagement Solution Market. In essence, it is the systematic process of gathering, analyzing, and interpreting information about…

Perfluoropolyether (PFPE) Market Presents a Strategic Forecast (2024-2034) on Ma …
According to research reports the newly published report, "Perfluoropolyether (Pfpe) Market Accounted For US$ 684.23 Billion In 2020 And is estimated To Be US$ 1171.93 Billion By 2030 And Is Anticipated To Register A Cagr Of 5.52%. ".
Prophecy Market Insights serves as the compass guiding businesses through the dynamic landscape of the Perfluoropolyether (PFPE) Market. In essence, it is the systematic process of gathering, analyzing, and interpreting information about this…
![[PDF] Drill Pipe Market Is Booming Worldwide 2023-2030.](https://cdn.open-pr.com/W/3/W302501059_g.jpg)
[PDF] Drill Pipe Market Is Booming Worldwide 2023-2030.
Drill Pipe Market accounted for US$ 5.34 billion in 2020 and is estimated to be US$ 10.98 billion by 2030 and is anticipated to register a CAGR of 7.5%.
The drill pipe market is an industry that supplies drilling equipment to the oil and gas industry. Drill pipes are cylindrical tubes that connect the drilling rig to the drill bit, and are essential components of the drilling process. They are used…

Beverage Cans Market | Grow to Huge Growth in Future Scope between 2020-2030| Ba …
Beverage Cans Market is estimated to be US$ 33.85 billion by 2030 with a CAGR of 5.8% during the forecast period. The beverage cans market is a rapidly growing industry that produces and distributes containers for beverages in various sizes and shapes. Beverage cans are primarily made of aluminum or steel and are designed to hold carbonated and non-carbonated beverages such as soft drinks, beer, energy drinks, fruit juices, and…
More Releases for Geospatial
Geospatial Solutions Market Opportunities and Trends | Key Profiles Till 2031 - …
The Global Geospatial Solutions Market size was worth US$ 492.76 billion in 2023 and is estimated to reach US$ 1132.93 billion by 2031, growing at a CAGR of 11.0% during the forecast period (2024-2031).
The Geospatial Solutions market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead…
Geospatial Solutions Market Opportunities and Trends | Key Profiles Till 2031 - …
The Global Geospatial Solutions Market size was worth US$ 492.76 billion in 2023 and is estimated to reach US$ 1132.93 billion by 2031, growing at a CAGR of 11.0% during the forecast period (2024-2031).
The Geospatial Solutions market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead…
Geospatial Analytics Market Report 2024 - Geospatial Analytics Market Trends, Gr …
"The Business Research Company recently released a comprehensive report on the Global Geospatial Analytics Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Geospatial Solutions Market Anticipated to Experience Significant Expansion by 2 …
Geospatial Solutions Market is the focal point of DataM Intelligence's latest market research report, offering a comprehensive analysis of this dynamic sector. This in-depth study goes beyond a basic overview, exploring the intricate dynamics that shape the market. By examining regional trends, demand patterns, and potential breakthroughs, DataM Intelligence aims to empower businesses and stakeholders with valuable insights for navigating the evolving landscape. The insights from this report can illuminate…
Geospatial Solutions Market Booming Worldwide With Leading Key Players - Technol …
DataM Intelligence has published a new research report on "Geospatial Solutions Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Geospatial Analytics Market Bridging the Skills Gap: Unlocking Growth in the Geo …
Geospatial Analytics market to reach over USD 187.51 billion by the year 2031 Geospatial Analytics
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Geospatial Analytics Market Size, Share & Trends Analysis Report By Component, Solution (Geocoding and Reverse Geocoding and Thematic Mapping and Spatial Analytics), Type (surfacing & files analytics, network & location analytics and visualization), Technology (remote sensing, global positioning systems, and geographic…