Press release
Unfolding The Geospatial Analytics Market: Projections, Drivers, and Emerging Trends
Geospatial Analytics Market Size
What Is The Projected Market Size Of The Global Geospatial Analytics Market And Its Growth Rate?
• The geospatial analytics market size was $91.97 billion in 2024 and is predicted to grow to $104.4 billion in 2025 at a compound annual growth rate (CAGR) of 13.5%.
• The surge from 2024 to 2025 can be attributed to urbanization and population growth, natural resource management, risk assessment and disaster management, supply chain optimization, government initiatives, and regulations.
• By 2029, the market size is expected to reach $209.26 billion at a CAGR of 19.0%.
• The growth in the forthcoming years is tied to smart city development, precision agriculture adoption, healthcare and epidemic monitoring, integration with IoT and big data, and environmental conservation efforts.
What Is Driving The Growth In The Geospatial Analytics Market?
The progression of smart cities is expected to spur the geospatial analytics market growth. Geospatial analytics aid the conceptualization and planning of a smart city by providing sophisticated visualization tools essential for better site identification, improved efficiency, and a deeper understanding of urban processes. The market growth is substantiated by the proposed global investments in smart city technology, which will rise from $58 billion in 2022 to $158 billion by 2025.
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Who Are the Key Players Driving Geospatial Analytics Market Growth?
• Esri
• Hexagon AB
• Oracle Corporation
• Trimble Inc.
• SAP SE
• Google LLC
• IBM Corporation
• Microsoft Corporation
• TomTom International BV
• HERE Technologies
• Bentley Systems Incorporated
• Alteryx Inc.
• Maxar Technologies
• RMSI Pvt. Ltd.
• TIBCO Software Inc.
• Orbital Insight Inc.
• CARTO
• Pitney Bowes Inc.
• DigitalGlobe Inc.
• Precisely (formerly Pitney Bowes Software)
• GeoIQ
• Mapbox Inc.
• Fugro N.V.
• Critigen LLC
• Blue Marble Geographics
• AAM Pty Ltd
• TerraGo
What Are The Key Trends In The Geospatial Analytics Market?
• Geospatial big data analytics
• Mobile geospatial applications
• Blockchain integration for spatial data security
• Social media and geospatial analysis
• Urban mobility and smart city planning
What Are The Segments Of The Global Geospatial Analytics Market?
• By Components: Solutions, Services
• By Type: Surface And Field Analytics, Network And Location Analytics, Geovisualization, Other Types
• By Technology: Remote Sensing, GIS, GPS, Other Technologies
• By Application: Surveying, Medicine And Public Safety, Disaster Risk Reduction And Management, Climate Change Adaptation, Other Applications
• By End-User Industry: Agriculture, Utility And Communication, Defense And Intelligence, Government, Natural Resources, Other End User Industries
Which Region Leads The Geospatial Analytics Market?
North America dominated the geospatial analytics market in 2024 but the Asia-Pacific region is projected to be the fastest-growing region in the forecast period. The report covers regional analysis for Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Geospatial Analytics Market Global Market Report?
- Market Size Analysis: Analyze the Geospatial Analytics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Geospatial Analytics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Geospatial Analytics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Geospatial Analytics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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