Geospatial Solutions Market Size, Share, Trends, Forecast

The new report published by The Business Research Company, titled ""Geospatial Solutions Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the geospatial solutions market size has grown rapidly in recent years. It will grow from $491.78 billion in 2023 to $560.18 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The geospatial solutions market size is expected to see rapid growth in the next few years. It will grow to $1009.56 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%.

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Research Investments Drive Geospatial Solutions Market Forward
Growing research activities regarding space and earth and continuous investments in research activities are expected to propel the growth of the geospatial solutions market going forward. Governments all around the world are investing in geospatial technologies to improve national, regional, and global emergency response capabilities as well as to promote human health, security, and well-being. For instance, in June 2023, according to the U.S. Bureau of Economic Analysis, a US-based government agency, in the year 2021, the economic activities related to space in the United States contributed to a gross output of $211.6 billion, comprising $129.9 billion (equivalent to 0.6 percent) of the Gross Domestic Product (GDP). Additionally, this sector generated $51.1 billion in private industry compensation and supported approximately 360,000 jobs within the private industry. Therefore, growing research activities regarding space and earth and constant investment in research activities are expected to propel the geospatial solutions market growth.

Geospatial Solutions Market Embraces Cutting-Edge Advancements
Technological advancements have emerged as a key trend gaining popularity in the geospatial solutions market. Major players operating in the geospatial solutions sector are focused on launching technologically advanced products and innovative services to stay ahead in the market and to gain market share. For instance, in March 2022, ESRI, a US-based geographic information system company, developed new land cover maps based on geospatial solutions, demonstrating how Earth as a planet has transformed over the last five years. The maps were generated by combining AI (Artificial Intelligence) and ML (Machine Learning) through satellite data, consisting of 26 pictures of every point on the planet throughout the last five years.

The geospatial solutions market covered in this report is segmented -

1) By Solution Type: Hardware, Software, Service
2) By Technology: Earth Observation, Scanning, Other Technologies
3) By Application: Surveying and Mapping, Geovisualization, Planning and Analysis, Land Management, Other Applications
4) By End-User: Utility, Business, Transportation, Defense and Intelligence, Infrastructural Development, Other End-Users

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Major companies operating in the geospatial solutions market report are Apple Inc., Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., The International Business Machines Corporation, Oracle Corporation, SAP SE, General Electric Company, Baidu Inc., L3Harris Technologies Inc., Hexagon AB, Trimble Inc., Pitney Bowes Inc., Fugro N.V., Maxar Technologies, DigitalGlobe, Topcon Corporation, Leica Geosystems AG, Environmental Systems Research Institute, HERE Technologies, RMSI Pvt. Ltd., TomTom International B.V., SuperMap Software Co. Ltd., Telenav Inc., MapInfo Corporation, Mapbox Inc., BlackSky Global LLC, Supergeo Technologies Inc., CyberCity 3D Inc., Telnav Telecomunicações Navais, Quantduo Technologies Pvt. Ltd., Ubisense, GeoMarvel Technologies, Alteryx Inc., Galigeo, Geospatial Media And Communications, GeoOptics Inc.

Contents of the report:
1. Executive Summary
2. Geospatial Solutions Market Report Structure
3. Geospatial Solutions Market Trends And Strategies
4. Geospatial Solutions Market - Macro Economic Scenario
5. Geospatial Solutions Market Size And Growth
…..
27. Geospatial Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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