Geovisualization Industry Is Expected To Reach USD 22.7 Billion By 2031 - ESRI, Oracle Corporation, Alteryx, Inc.

Global Geovisualization Market reached US$ 9.1 billion in 2023 and is expected to reach US$ 22.7 billion by 2031 growing with a CAGR of 12.2% during the forecast period 2024-2031.

The global geovisualization market is on a steady upward trajectory, driven by the growing use of location-based services and advancements in data visualization technologies. As more industries acknowledge the benefits of geospatial data for informed decision-making, the demand for geovisualization tools and services is anticipated to keep rising. This trend reflects the increasing value placed on visualizing and analyzing spatial data to enhance operational efficiency and strategic planning.

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Key Developments:

• In July 2021, Dataminr made a strategic move by acquiring WatchKeeper, a company specializing in real-time data geovisualization platforms tailored for corporate enterprises.

• On April 5, 2022, Dataminr further enhanced its corporate-risk platform, Dataminr Pulse, with new functionalities. This updated platform now offers advanced geovisualization and intuitive crisis response features, allowing enterprises to access early warning signs of security and market threats from publicly available information. The improvements enable more effective collaboration and management of crisis situations with a clear visual context.

• In 2021, Esri India, a notable Geographic Information System (GIS) solutions provider, launched its new technology, Indo ArcGIS. This innovation is designed to meet the demand for ready-to-use GIS-based solutions and geospatial content, catering specifically to GIS users in India.

Market Dynamics:

Growing Demand For GIS Solutions Across Various Industries

Geovisualization is a game-changer in GIS (Geographic Information System) technology, transforming complex geographic data into clear, engaging visuals. By using interactive maps, 3D views, and thematic graphics, GIS makes it easier to understand and interpret spatial information. This is crucial for sharing insights with stakeholders, leading to more informed decision-making.

For example, in smart cities, GIS technology is indispensable. It gathers and analyzes vast amounts of data from sources like sensors, cameras, and IoT devices. This data is then used to generate maps and visualizations that help city planners and decision-makers navigate challenges and optimize urban environments. With geovisualization, cities can better manage resources and improve the quality of life for their residents.

Segment Covered in Geovisualization Market:

By Component: Hardware, Software, Services.

By Deployment Model: Cloud, On-premise.

By Application: Location Intelligence, Risk Management, Urban Planning, Environmental Management, Others.

By End-User: Natural Resources, Security & Defense, BFSI, Media & Entertainment, Healthcare, Architecture, Engineering & Construction, Education, Others.

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Key players involved in Geovisualization Market:

• ESRI
• Oracle Corporation
• Alteryx, Inc
• Fugro N.V
• Hexagon AB
• RMSI Pvt. Ltd
• SAP SE
• Trimble Inc
• General Electric Company
• Google LLC

*Note:
• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis:

The Geovisualization Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Geovisualization Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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