Press release
Thematic Mapping and Spatial Analysis Market is expected to reach USD 24.4 billion by 2030
Thematic Mapping and Spatial Analysis Market - DataM Intelligence
Global Thematic Mapping and Spatial Analysis Market reached USD 9.6 billion in 2022 and is expected to reach USD 24.4 billion by 2030, growing with a CAGR of 12.3% during the forecast period 2023-2030.
Geospatial technologies are playing a transformative role in the European economy, shaping digital services and becoming integral to daily life and commercial activities. Grounded in GPS and up-to-date mapping data, these technologies, including socioeconomic data, are ubiquitous, influencing everything from supply chain tracking to public transport navigation and the optimization of delivery routes.
Notably, semi-automated geospatial solutions, leveraging mobile contact tracing, urban sensing, earth observation, and artificial intelligence, are rapidly gaining traction across the region. This technological advancement is significantly contributing to the expansion of the European thematic mapping and spatial analysis market. The increasing adoption of thematic mapping and spatial analysis across diverse sectors is expected to fuel further growth. As a result, Europe commands a substantial share, accounting for nearly one-third of the global market.
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Market Dynamics
The Surge in Choropleth Maps: A Popular Geospatial Data Visualization Tool
Choropleth maps have emerged as one of the most widely utilized tools in geospatial data visualization. This specific type of thematic map employs color to convey information in relation to specific geographic locations. Choropleth maps use color or shading to represent predefined regions, such as countries or states, where statistical data is collected.
In the context of a choropleth map, darker shades may represent nations with high infant mortality, for example. The mapped summary variables can be either nominal or quantitative, reflecting geographic domains. Each area on the map corresponds to an aggregate summary value, and a graphic variable, such as color, is used to visually represent the value associated with that particular region.
The popularity of choropleth maps has grown significantly due to the widespread availability of aggregated statistical data and common regional GIS data. However, it is essential to acknowledge the inherent information loss in aggregated data, which can lead to potential ecological fallacies and correctable areal units. Despite these considerations, the global market is witnessing expansion driven by the increasing utilization of choropleth maps in thematic mapping, highlighting their effectiveness in conveying spatial information.
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Market Segmentation
By Component
Software
Services
By Deployment
Cloud-Based
On-Premise
By Technology
GIS Platforms
Remote Sensing Platforms
Spatial Analysis Libraries
Others
By End-User
Government
Transportation
Healthcare
Retail
Market Key Players
Major players are Esri, Hexagon AB, Trimble, Pitney Bowes, Bentley Systems, Autodesk, SuperMap, Tom Tom, ThinkGeo and MapQuest.
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