Press release
Geospatial Solutions Market High trend Opportunities offers Future Business Growth by 2031
According to a new report published by Allied Market Research, titled, "Geospatial Solutions Market," The geospatial solutions market was valued at $432.00 billion in 2021, and is estimated to reach $1,457.7 billion by 2031, growing at a CAGR of 13.1% from 2022 to 2031.North America is expected to dominate the global geospatial solutions market in 2021. Rise in investments in the defense sector and technological advancements in the telecommunication industry acts as key driving forces for the geospatial analytics market in North America. In addition, implementation of LBS-enabled drones for border security and monitoring high-risk situation by federal agencies, government, and nongovernment organizations is expected to boost the market investment for these services. Advanced sensors onboard satellites provide reliable, cost-effective, and impartial information about variety of vegetation and hydrological parameters at various spatial resolutions.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/9642
Key players operating in the global geospatial solutions market include Apple Inc., Bentley Systems, Inc., General Electric, GIS Cloud Ltd., Google Inc., L3Harris Geospatial Solutions, Inc., Oracle Corporation, Living Map, Mappedin, Microsoft Corporation, Pix4D S.A., SAP SE, Telenav Inc., TomTom International BV, and Uber Technologies, Inc.
Growth of the global geospatial solutions market is attributed to increase in penetration of artificial intelligence based geographic information system (GIS), and increase in use of location-based services integrated with geographic information system. However, lack of awareness regarding benefits of geospatial solutions is the factor that hampers growth of the market. Furthermore, development of 4D GIS software is the factor expected to offer growth opportunities during the forecast period.
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KEY FINDINGS OF THE STUDY
By solution type, the services segment is anticipated to exhibit significant growth in the near future.
By technology, the scanning segment is anticipated to exhibit significant growth in the near future.
By application, the geovisualization segment is anticipated to exhibit significant growth in the near future.
By end-use, the infrastructural development segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
Browse Complete Report at
https://www.alliedmarketresearch.com/geospatial-solutions-market-A09277
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About Allied Market Research
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.
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