Geospatial Analytics Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 | Leading players - Alteryx, Inc., Bentley Systems, Incorporated, ESRI, Furgo NV, General Electric, Hexagon AB, Google, Inc., MDA Corporation, Oracle Corporation

The major growth drivers for the market are the increasing number of AI and ML based GIS solutions, development of smart cities and urbanization, increased deployment of IoT sensors across locations, and advancement in big data analytics for organizations by improving the workflow.

The cloud segment is expected to experience significant growth in the coming years, owing to increase in need to manage large unstructured GIS data among various organizations and growing adoption of cloud based geospatial analytics solution among different industries.

The global geospatial analytics industry generated $58.35 billion in 2019, and is estimated to garner $158.84 billion by 2027, registering a CAGR of 14.2% from 2020 to 2027.

Download Report Sample (150 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/4306

Increase in demand for AI-based geographic information system (GIS) solutions and usage of satellite monitoring to control the spread of coronavirus drive the growth of the global geospatial analytics market

The key players operating in the global geospatial analytics market include Alteryx, Inc., Bentley Systems, Incorporated, ESRI, Furgo NV, General Electric, Hexagon AB, Google, Inc., MDA Corporation, Oracle Corporation, SAP SE, Trimble, Inc., and TOMTOM International, Inc. These players have adopted various strategies to increase their market penetration and strengthen their foothold in the industry.

Based on region, North America contributed to the highest share in terms of revenue with nearly two-fifths of the global geospatial analytics market in 2019, and is expected to maintain its highest contribution by 2027. This is attributed to key players of the software industry establishing their strong presence in the countries such as the U.S. and Canada. However, Asia-Pacific is expected to grow at the highest CAGR of 16.7% during the forecast period, owing to business in emerging countries opting for geospatial analytics tools to extract insights from unstructured data.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4306

Based on technology, the GPS segment accounted for the highest market share, contributing to nearly three-fifths of the global geospatial analytics market in 2019, and is projected to maintain its dominant share throughout the forecast period. This is attributed to adoption of mobile commerce and social media activities, penetration of 3G & 4G networks, and rise in application of GPS in industries including entertainment, media, and healthcare. However, the GIS segment is projected to grow at the fastest CAGR of 16.8% from 2020 to 2027. This is due to its widespread adoption for highway maintenance, accident analysis, traffic modeling, and route planning.

Access full summary at: https://www.alliedmarketresearch.com/geospatial-analytics-market

Based on component, the solution segment contributed to the highest market share in 2019, accounting for nearly two-thirds of the global geospatial analytics market, and is expected to maintain its leadership status throughout the forecast period. This is attributed to increase in requirement for geographic imaging among professionals for processing a massive amount of geospatial data every day. However, the service segment is expected to manifest the highest CAGR of 15.3% from 2020 to 2027, owing to rise in need for remote sensing, mapping consultancy, and GPS satellite surveying and positioning services in various industries.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

This release was published on openPR.