Press release
Increasing use of Artificial Intelligence (AI) and Machine Learning Drives the Geospatial Analytics Market | CARTO, ESRI, Fugro
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Geospatial analytics is the process of analyzing data that has a geographic component to it. This can be data that is explicitly geographic, like latitude and longitude, or data that can be mapped to a geographic space, like addresses or zip codes.
Geospatial analytics can be done using a variety of methods, including GIS (geographic information systems), GPS (global positioning systems), and geocoding (mapping data to specific geographic locations). Geospatial analytics can be used for a variety of purposes, including market analysis, customer segmentation, route optimization, and location-based marketing.
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Market Driver and Trends
There are a number of factors that are driving the growth of the geospatial analytics market.
One of the key drivers is the increasing availability of data. With the growth of the internet and the rise of connected devices, organizations are collecting more data than ever before. This data can be used to understand the world around us and make better decisions.
Another driver is the increasing use of artificial intelligence (AI) and machine learning. These technologies are being used to analyze data more effectively and to identify patterns that would be difficult to spot with the naked eye.
The increasing use of mobile devices is also driving the market for geospatial analytics. More and more people are using their smartphones and tablets to access data and applications. This is providing organizations with new opportunities to collect data and to provide users with location-based services.
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Market Segments
By Type
Surface Analysis
Network Analysis
Geovisualization
By End User Vertical
Agriculture
Utility and Communication
Defense and Intelligence
Government
Natural Resources
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA
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Key Players
Alteryx
Bentley Systems
CARTO
Descartes Labs
ESRI
Fugro
General Electric
Geospin
Hexagon AB
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