Press release
Geospatial Analytics Market to Grow at 12.5% CAGR through 2031, Growing Number of ML-Based and AI-Based GIS Systems to Fuel Growth
Skyquest Technology
Geospatial Analytics Market [https://skyquestt.com/report/geospatial-analytics-market] was valued at USD 126.22 billion in 2022 and is expected to rise from USD 142 billion in 2023 to reach a value of USD 364.34 billion by 2031, at a CAGR of 12.5% during the forecast period (2024-2031).
Geospatial analytics market is speedily transforming due to the growing significance of geospatial data in real-time, mounting use of drones, and UAVs, and growth of 3D geospatial data among others. The manifold uses of GIS technology are remarkably offering imprints in several sectors. Moreover, the forthcoming years will expect a heavy rise in its applications, thereby impacting the market growth. Growing number of improvements in machine learning and artificial intelligence to examine GIS data is fueling the geospatial analytics market.
Download a detailed overview:
https://skyquestt.com/sample-request/geospatial-analytics-market
Top Players in the Geospatial Analytics Market
* GOOGLE (US)
* ALTERYX (US)
* HEXAGON AB (Sweden)
* TOMTOM (Netherlands)
* MAXAR TECHNOLOGIES (Canada)
* TRIMBLE (US)
* PRECISELY (US)
* ESRI (US)
* CALIPER CORPORATION (US)
* BLUE MARBLE GEOGRAPHICS (US)
* RMSI (India)
* MAPLARGE (Germany)
* GENERAL ELECTRIC (US)
* BENTLEY SYSTEMS (US)
* FUGRO (Netherlands)
* ORBITAL INSIGHT (US)
* MAPIDEA (US)
* GEOSPIN (US)
* SPARKGEO (US)
* ORBICA (US)
* DESCARTES LABS (Canada)
* REMOT TECHNOLOGIES (US)
* CARTO (US)
* MAPBOX (US)
Machine learning and artificial intelligence are heavily used to create novel and modernized approaches to gather, process, and study geospatial data. For instance, artificial intelligence is currently being used to make fresh algorithms and picture classification and detection of objects. Machine learning is being applied to make novel models to project natural calamities and several other disastrous events. ML and AI are actively used in geospatial analysis for better automation of jobs, enhance precision, and obtain fresh visions from the data. In the coming years, ML and AI are expected to grow with optimal efficiency and sophistication.
Request Free Customization of this report:
https://skyquestt.com/speak-with-analyst/geospatial-analytics-market
Segments covered
Offering
Solution (Type [Geocoding & reverse geocoding, Data integration & ETL, Reporting & visualization, Thematic mapping & spatial analysis and Other] and Deployment [ On-Premises and Cloud]) and Services (Consulting Services, Deployment & Integration and Training Support & Maintenance)
Technology
Remote Sensing, Global Positioning Systems, Geographic Information Systems and Other
Vertical
Energy & Utility (Asset Management, Network Analysis, Outage Management System, Wildlife Fisheries Science & Management and Other), Government (Land Management, Optimization & Location-allocation Modelling, Public Safety & Emergency Management, Environmental Monitoring and Other), Defence & Intelligence (Real-time Situational Awareness, Terrain Analysis & Visualization, Intelligence Analysis, Logistics Planning and Other), BFSI (Risk Assessment, Credit Scoring, Mobile Banking, Insurance Claims Management and Other), Real Estate & Construction (Recreation Planning & Management, Land Surveying & Mapping, Urban & Regional Planning, Real Estate Portfolio Management and Other), Healthcare & Life science (Disease Mapping, Health Resource Allocation, Emergency Response Planning, Medical & Public Safety and Other), Mining & Natural Resources (Resource Mapping, Land Resource and Inventory Management, Environmental Monitoring, Geological Hazard Mapping, Mining Operations Management and Other), Automotive (Fleet Management, Traffic Management, Problem Detection & Management, Smart Parking & Tolling, Autonomous Vehicle Navigation and Other), Agriculture (Smart Farming, Soil Mapping, Crop Monitoring, Land Management, Pest & Disease Management and Other) and Others
Geospatial AI to Hold Profound and Broad Applications in Coming Years
Sensors' miniaturization is considerably driving the market to new heights. Small-size sensors are highly efficient, economic, and user-friendly. Their applications can offer an efficient andeconomical way to collect information in real-time. Also, geospatial AI makes use of AI algorithms to study and understand huge amounts of data that comprises geographic data like satellite imagery, maps, GPS data and other sources of data. By using AI technologies like deep learning and ML, geospatial AI can detect problems, predict the future, and identify changes automatically associated with certain areas. Geospatial AI holds a wide range and profound applications. It can also be used in environment monitoring for tracking alterations in ecosystems, urban planning to enhance infrastructure development, and disaster management to study the effect of natural calamities.
In December 2023, Indian Public Policy Think Tank (CKS) Centre for Knowledge Sovereignty and Esri India Technologies Pvt Ltd, a dedicated GIS solutions provider signed an agreement to introduce the (MMGEIS) program, also known as 'Master Mentors Geo- Enabling Indian Scholars'. This program's objective is to make the nation a global geospatial technology center by aiming pupils from 8th standard to undergraduates.
In August 2022, T-Hub announced alliance with Hexagon, a leading provider of digital reality technologies to develop a Geospatial Experience Center at T-Hub. This alliance will help both companies to speed up India's rising ecology by offering technical skill to new entrants.
In July 2024, Trimble pronounced enlarging of their long-established alliance with Esri to improve partnership in GIS software, mapping and location intelligence. Current efforts improved approaches to enhance process, automate workflows, and aid decision-making that allow green infrastructure planning, building, and operations for mutual clients.
In July 2024, CARTO, a platform that offers cloud-native spatial analysis declared the introduction of CARTO AI Agents in a secretive opening. The leading technology in the industry efficiently combines geospatial technology with AI.
View report summary and Table of Contents (TOC):
https://skyquestt.com/report/geospatial-analytics-market
Continuous Evolutions and Progressing Trends and Technologies to Broaden Applications
The geospatial analytics market is continuously transforming with technologies and trends, which will further advance and notably intensify applications. The geospatial analytics market is itself witnessing significant changes. The progressing technologies and trends 5G, edge computing, digital twins, and more are projected to impact the process of data collection, processing, and uses. These trends will undoubtedly impact on its broader range in various sectors and industries.
Related Reports:
Augmented, Virtual and Mixed Reality Market [https://www.skyquestt.com/report/ar-vr-mr-market]
Visit Our Website: https://www.skyquestt.com/
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=geospatial-analytics-market-to-grow-at-125-cagr-through-2031-growing-number-of-mlbased-and-aibased-gis-systems-to-fuel-growth]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://skyquestt.com/report/geospatial-analytics-market
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Geospatial Analytics Market to Grow at 12.5% CAGR through 2031, Growing Number of ML-Based and AI-Based GIS Systems to Fuel Growth here
News-ID: 3635053 • Views: …
More Releases from ABNewswire
Argentina Colocation Market Surges Toward USD 156 Million by 2030, Buenos Aires …
Get Insights on 24 Colocation Data Center Facilities across Argentina
According to Arizton research, the Argentina data center colocation market [https://www.arizton.com/market-reports/argentina-data-center-colocation-market] size was valued at USD 76 million in 2024 and is expected to reach USD 156 million by 2030, growing at a CAGR of 12.73% during the forecast period
Explore the Full Market Insights: [https://www.arizton.com/market-reports/argentina-data-center-colocation-market]
Report Summary:
MARKET SIZE - COLOCATION REVENUE: USD 156 Million (2030)
CAGR - COLOCATION REVENUE: 12.73% (2024-2030)
MARKET SIZE -…
Global Forklift Attachments Market to Reach USD 5.83 Billion by 2030 | Arizton
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025-2030.
According to Arizton research, the global forklift attachments market [https://www.arizton.com/market-reports/forklift-attachments-market] was valued at USD 3.98 billion in 2024 and is projected to reach USD 5.83 billion by 2030, growing at a CAGR of 6.58% during the forecast year.
Explore the Full Market Insights: [https://www.arizton.com/market-reports/forklift-attachments-market]
Report Summary:
Market Size (2030): USD 5.83 Billion
Market Size (2024): USD 3.98 Billion
CAGR (2024-2030): 6.58%
Historic…
Fox Moving & Storage Establishes Industry Standards for Moving Companies Backgro …
Fox Moving & Storage introduces comprehensive background screening that exceeds industry standards, resulting in a 40% reduction in incidents and inspiring Tennessee relocators to adopt enhanced verification protocols.
Fox Moving & Storage has implemented a comprehensive background screening protocol that is reshaping safety standards across Tennessee's relocation industry. The Knoxville-based company's rigorous screening process has garnered attention from industry leaders and regulatory bodies, establishing new benchmarks for employee verification procedures that…
Movers in Nashville, TN See Record Demand as City Ranks Among America's Fastest- …
Nashville's rapid population growth has increased demand for professional relocation services, prompting Fox Moving & Storage of Nashville to adapt its operations to serve both residential and commercial clients across Tennessee's expanding capital region.
Nashville's unprecedented population growth has created a ripple effect across multiple industries, with the relocation sector experiencing particularly notable increases in service requests. The Tennessee capital's designation as one of America's fastest-growing cities has led to heightened…
More Releases for Management
Gym Management Software Market By Functions - Scheduling Appointments, Waitlist …
MarketResearchReports.Biz announces addition of new report "Gym Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its database.
Gym management software is a software solution which allows the users to manage the different processes associated with running a gym in an efficient and effective manner. These software solutions are generally multifunctional and can manage all the diverse processes associated with managing a gym…
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
Cloud Project Portfolio Management Market Report 2018: Segmentation by Applicati …
Global Cloud Project Portfolio Management market research report provides company profile for CA Technologies (New York, U.S.), HPE (California, U.S.), Changepoint Corporation (Richmond Hill, Ontario), Clarizen, Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail.
Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market
Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of…
Facility Management Market Solutions & Services (Real Estate & Lease Management, …
ReportsWeb.com added “Global Facility Management Market to 2025” to its vast collection of research Database. The report classifies the global Facility Management Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth.
Facility Management is an essential part which handles all functions related to enterprise and helps in streaming all the operations with reducing cost. Managing life cycle management of…
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said…
