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Geospatial Analytics Market worth $158.72 billion by 2030, growing at a CAGR of 17.71% - Exclusive Report by 360iResearch
Geospatial Analytics Market | 360iResearch
The Global Geospatial Analytics Market to grow from USD 50.67 billion in 2023 to USD 158.72 billion by 2030, at a CAGR of 17.71%.
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Geospatial analytics harnesses the power of spatial data by gathering, displaying, and manipulating imagery, satellite photography, and historical data, which are tied to a location-based datum. The insights gained from geospatial analytics can support decision-making across various domains, including environmental management, urban planning, logistics, marketing, and disaster response. The increasing utilization of location-based data, the proliferation of artificial intelligence (AI) in data analytics, and advancements in satellite imagery have improved the demand for geospatial analytics across various end-use industries. Natural resource companies, including oil & gas, mining, and forestry, can monitor and manage resources effectively with spatial analysis for sustainability and environmental protection. However, data privacy and security concerns, high initial setup costs for new entrants, and the requirement of skilled professionals to interpret complex spatial data pose notable challenges for deploying geospatial analytics. Nevertheless, adopting cloud-based geospatial solutions, integrating with the Internet of Things (IoT) devices to enhance connectivity and data collection, and using unmanned aerial vehicles (UAVs) for in-depth spatial analysis presents new possibilities for the geospatial analytics market in the coming years.
The Americas showcase a diverse and mature geospatial analytics market owing to the presence of tech-savvy end-users with a high adoption rate of geospatial technologies for various applications such as navigation, ride-sharing, and precision agriculture. The significant investments in geospatial research and development are geared towards embracing smart technologies in the Americas. In the European Union, privacy regulations significantly impact geospatial data collection and use. Consumers exhibit heightened awareness and concerns for data privacy in geospatial applications in the EU. The Middle East and Africa adopt geospatial analytics highly, particularly for infrastructure development, urban planning, and resource management. In Africa, geospatial analytics aid in agricultural development and disease tracking. The Asia-Pacific region is home to fast-growing economies with diverse consumer behavior. The region demonstrates vital government-led initiatives in infrastructure and urban planning. The Asia-Pacific's geospatial analytics market is expanding, particularly in mobile mapping and location-based services, due to ongoing public-private partnerships for advancements, focusing on rural development and urban planning.
Market Segmentation & Coverage:
This research report categorizes the Geospatial Analytics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Geovisualization, Network & Location Analytics, and Surface & Field Analytics. The Geovisualization commanded largest market share of 27.76% in 2023, followed by Network & Location Analytics.
Based on Component, market is studied across Services and Solution. The Services is further studied across Consulting, Integration & Deployment, and Support & Maintenance. The Solution is further studied across Data Integration & ETL, Geocoding & Reverse Geocoding, Reporting & Visualization, and Thematic Mapping & Spatial Analysis. The Solution commanded largest market share of 55.12% in 2023, followed by Services.
Based on Application, market is studied across Climate Change Adaptation, Disaster Risk Reduction & Management, Marketing Management, Medicine & Public Safety, Military Intelligence, Surveying, and Urban Planning. The Surveying commanded largest market share of 21.31% in 2023, followed by Marketing Management.
Based on Industry, market is studied across Automotive, Defense & Intelligence, Energy & Utilities, Government, Insurance, Natural Resources, and Smart Cities. The Defense & Intelligence commanded largest market share of 23.85% in 2023, followed by Insurance.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.08% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Geospatial Analytics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Geospatial Analytics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Geospatial Analytics Market, highlighting leading vendors and their innovative profiles. These include ALTERYX, Inc., AtkinsRéalis, Autodesk, Inc., Bentley Systems, Inc., Descartes Labs, Inc., Environmental Systems Research Institute, Inc., Fugro, General Electric Company, Geoscience Consulting, LLC, Geospin GmbH, Google, LLC by Alphabet Inc., Hexagon AB, Intermap Technologies, Inc., L3Harris Technologies, Inc., Locana Group, Lockheed Martin Corporation, Mapidea, Consultoria em Geografia S.A., MapLarge, Inc., Maxar Technologies Holdings Inc., Orbital Insight, Inc., Pitney Bowes Inc., Precisely, RMSI Private Limited, SAP SE, Supergeo Technologies Inc., Topcon Corporation, Trimble Inc., Variac Systems Pvt. Ltd., Woolpert, Inc., and Zillion Info.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Geospatial Analytics Market, by Type
7. Geospatial Analytics Market, by Component
8. Geospatial Analytics Market, by Application
9. Geospatial Analytics Market, by Industry
10. Americas Geospatial Analytics Market
11. Asia-Pacific Geospatial Analytics Market
12. Europe, Middle East & Africa Geospatial Analytics Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Geospatial Analytics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Geospatial Analytics Market?
3. What is the competitive strategic window for opportunities in the Geospatial Analytics Market?
4. What are the technology trends and regulatory frameworks in the Geospatial Analytics Market?
5. What is the market share of the leading vendors in the Geospatial Analytics Market?
6. What modes and strategic moves are considered suitable for entering the Geospatial Analytics Market?
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