Geospatial Analytics Market Latest Technology Advancements, Demand and Huge Business Opportunities 2021 to 2025

The Geospatial Analytics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The geospatial analytics market was valued at USD 21.00 billion in 2019 and is expected to reach a value of USD 31.39 billion by 2025, at a CAGR of 7.2%, over the forecast period (2020 - 2025). 

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Competitive Landscape:

Top Companies: ESRI Inc., MDA Corporation, Hexagon AB, Trimble Geospatial, Bentley Systems, Inc., Fugro NV, Harris Corporation, Atkins PLC, General Electric (GE), Critigen LLC

Scope of the Report
The geospatial analysis uses this data to build infrastructure, graphs and blueprints, statistics, and cartograms, making complex relationships understandable. It collects information, display of images, geographical coordinates, etc. It is used in monitoring the climate and weather, helps retail stores in planning their logistics transportation, human population forecasting, and others. This report segments the market by Type (Surface Analysis, Network Analysis, Geovisualization) End-user Industry(Agriculture, Utility and Communication, Defense and Intelligence, Government, Natural Resources) and Geography.

Industry News and Updates:

- September 2018 - Hexagon AB will be displaying its Smart M App portfolio, a simple to use the platform to build lightweight and dynamic applications targeted to solve a specific problem. The solution combines content, business workflows, and geoprocessing into a single application to deliver geospatial analytics as a service.
- March 2019 - Esri opened its latest research and development center, in New Delhi, India. The new location will focus on data science, deep learning, and geospatial artificial intelligence (GeoAI) solutions.

Key Market Trends:

Asia-Pacific to Have the Highest Growth in Geospatial Analytics Market
-Chinese government is investing in developing a spaceborne-airborne observation system to improve the national, regional, and global ability in responding to emergencies, and to enhance human health, security, and well-being.
-The initiative from the government is also driving the growth for the geospatial analytics growth in the country. In 2018, the Chinese government initiated its first comprehensive survey of geographical conditions. It is going to be processed on the geographic investigation to report on the country's overall situation and data on land and soil, water, and agriculture, which serves as a firsthand reference for policymaking.
-The emerging trend of mobility as a service in the logistics industry is growing significantly in India. According to Morgan Stanley, it is expected that 35% of every mile traveled in India will be covered by shared miles. This is one of the major driving opportunities for the new business models in the mobility businesses, along with an ongoing massive transformation in terms of electrification, shared, and connectivity.

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What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Geospatial Analytics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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