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Geospatial Analytics Market trends, Top Companies, Share, Growth And Forecast 2033
Geospatial Analytics Market
The Business Research Company presents an extensive market research report on the Geospatial Analytics Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The geospatial analytics market size has grown rapidly in recent years. It will grow from $81.95 billion in 2023 to $93.99 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to urbanization and population growth, natural resource management, risk assessment and disaster management, supply chain optimization, government initiatives and regulations.
The geospatial analytics market size is expected to see rapid growth in the next few years. It will grow to $173.55 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to smart city development, precision agriculture adoption, healthcare and epidemic monitoring, integration with IoT and big data, environmental conservation efforts. Major trends in the forecast period include geospatial big data analytics, mobile geospatial applications, blockchain integration for spatial data security, social media and geospatial analysis, urban mobility and smart city planning.
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Key Market Players:
Major companies operating in the geospatial analytics market report are UnitedHealth Group Incorporated, McKesson Corporation, Optum Inc., Walgreens Boots Alliance Inc., International Business Machines Corporation, Tata Consultancy Services Limited, Capgemini SE, NTT DATA Corporation, WellCare Health Plans Inc., Tenet Healthcare Corporation, Cognizant Technology Solutions Corporation, IQVIA Holdings Inc., DaVita Inc., Wipro Limited, Quest Diagnostics Incorporated, Xerox Holdings Corporation, Lonza Group AG, PAREXEL International Corporation, Genpact Limited, Sutherland Global Services Inc., R1 RCM Inc., Mphasis Limited, Infosys BPM Limited, WNS Limited, Omega Healthcare Investors Inc., Firstsource Solutions Limited, HCL Technologies Limited, GeBBS Healthcare Solutions Inc., Invensis Technologies Pvt Ltd
Market Drivers:
The development of smart cities is expected to propel the growth of the geospatial analytics market going forward. A smart city is a modern technology metropolitan region that makes use of available information to optimize resource consumption and control activities. Geospatial analytics integrates smart city planning and conceptualization by delivering high-end visualization tools to aid decision-making for better site identification, increased efficiency, and a better understanding of complex urban processes using geospatial data. For instance, according to Otonomo, an Israel-based automotive data services platform, smart cities are expected to grow to over $820 billion by 2025 from $410.8 billion in 2020. Therefore, the development of smart cities is driving the geospatial analytics market growth.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/geospatial-analytics-global-market-report
The geospatial analytics market covered in this report is segmented -
1) By Components: Solutions, Services
2) By Type: Surface And Field Analytics, Network And Location Analytics, Geovisualization, Other Types
3) By Technology: Remote Sensing, GIS, GPS, Other Technologies
4) By Application: Surveying, Medicine And Public Safety, Disaster Risk Reduction And Management, Climate Change Adaptation, Other Applications
5) By End-User Industry: Agriculture, Utility And Communication, Defense And Intelligence, Government, Natural Resources, Other End User Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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