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GLOBAL AUTOMOTIVE GEOSPATIAL ANALYTICS INDUSTRY OUTLOOK 2022: expected to 137200 million US$ by the end of 2028, growing at a CAGR of 17.2%-Trimble ,Teradata, SAP, Pitney Bowes, Oracle

09-05-2022 10:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MR Accuracy reports

The global Automotive Geospatial Analytics market is estimated at 45200 million US$ in 2021 and is expected to 137200 million US$ by the end of 2028, growing at a CAGR of 17.2% in the forecast period from 2022 to 2028.

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Market Dynamics
Driver: Advancements in big data analytics
One of the most important changes for businesses over the past few years has been the emergence of big data analytics. The International Data Corporation (IDC) predicts that by 2025, 162 zettabytes of digital data will be produced. Businesses in a variety of industries are continuously looking for ways to use an expanding amount of data to gain a competitive advantage.

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Challenge: Lack of skilled manpower
Integrating geospatial analytics data with enterprise solutions, such as ERP and CRM, is a challenging task. To make it compatible with the existing databases, the heterogeneous data gathered from geographic sources needs to be processed. As various business enterprise use different business tools, this process often requires a custom approach. Geospatial analytics solution suppliers need trained staff to meet the client's specific requirements.oLack of experienced staff is one of the biggest problems for providers of location-based analytics services because there are a limited number of professionals specialized in delivering geospatial analytics solutions.

Agriculture vertical to register at highest CAGR during the forecast period
The geospatial analytics market by vertical is segmented into: energy & utility, government, defense & intelligence, BFSI, real estate & construction, healthcare, mining & natural resources automotive & transportation, agriculture, and other verticals. Others include sports, education, tourism, and media and entertainment.

By Component:
Solution
Service

By Solution:
Geocoding & Reverse Geocoding
Data Integration & ETL
Report Visualization
Thematic Mapping & Spatial Analysis

By Technologies:
Remote Sensing
Global Positioning System
Geographic Information System

By Type:
Surfacing & Files Analytics
Network & Location Analytics
Geovisualization

By Deployment Mode:
Cloud
On-premises

By Organization Size:
Large Enterprises
SMEs

By Application:
Surveying
Medicine & Public Safety
Disaster Risk Reduction & Management
Urban Planning
Transportation Planning & Management
Natural Resource Management
Agricultural Value Chain
Environmental Impact Analysis

By Vertical:
Energy & Utilities
Government
Defense & Intelligence
BFSI
Retail Estate & Construction
Healthcare
Mining & Natural Resources
Automotive & Transportation
Agriculture

Click below for an Overview-

https://www.mraccuracyreports.com/marketreports/8/516842/Global-Automotive-Geospatial-Analytics-Industry-Outlook-2022:-Overview-Opportunities-Key-Companies-and-Forecast-to-2028

The study objectives of this report are:
To study and analyze the global Automotive Geospatial Analytics market size (Million USD) by company, key regions/countries, products and application, history data from 2016 to 2020, and forecast to 2027.
To understand industry structure of Automotive Geospatial Analytics market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To identify the key global Automotive Geospatial Analytics manufacturers and regional typical players, to define, describe and analyze their sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Geospatial Analytics market with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Automotive Geospatial Analytics submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Automotive Geospatial Analytics are as follows:
History Year: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2027

This report includes the estimation of market size from top-down approach by analyzing major submarkets and their major driving factors, and verified from bottom-up approaches. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified from primary sources.

For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders Considered in the study:
Raw material vendors
Distributors/traders/wholesalers/suppliers
Regulatory authorities, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade/Industrial associations
End-use industries

Recent Developments:
In August 2022, Esri renewed its partnership with the US Department of Commerce's National Technical Information Services (NTIS). Through this partnership, government agencies could use Esri's technology to take a geographic approach and solve difficult problems that frequently affect the local, national, and international levels.
In July 2022, TomTom partnered with Stellantis to offer the former's full stack navigation solution to the newly launched Opel's Astra. The navigation solution included new map-based advanced driver assistance system (ADAS) features for increased safety, highly convenient connected services, and over-the-air updates for current and accurate maps.
In July 2022, As part of the new, multiyear agreement, Esri would leverage Maxar's Vivid basemaps to improve the Living Atlas from 1.2 m resolution to 60 cm resolution for approximately half of the world's surface. This improvement results from the Esri Living Atlas group's ongoing efforts to provide customers of ArcGIS Online with basemaps of the highest quality and resolution so they can create more precise maps and make wiser decisions.

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