Press release
Geospatial Analytics And Smart City Evolution Driver: A Major Catalyst in the Evolution of the Geospatial Analytics Market in 2025
Geospatial Analytics
The ascendency of smart cities is forecasted to spur on the expansion of the geospatial analytics market. Characterized as an advanced-tech urban zone, a smart city exploits all gathered data to enhance the efficiency of resource uses and regulate operations. The process of crafting and visualizing a smart city is streamlined by geospatial analytics offering state-of-the-art visualization tools. These not only facilitate decision-making for optimal site choice and improved efficacy, but also allow for a more comprehensive understanding of intricate city processes through geospatial data. For instance, it's projected that by 2025, the worldwide investment in smart city technology will climb to $158 billion from $58 billion in 2022. Thus, the emergence of smart cities is fuelling the growth of the geospatial analytics market.
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How will the growth rate of the geospatial analytics market shape industry trends by 2034?
There has been a swift expansion in the size of the geospatial analytics market in the previous years. The market, which stood at $91.97 billion in 2024, is expected to increase to $104.4 billion in 2025, boasting a compound annual growth rate (CAGR) of 13.5%. This significant growth in the historic period can be tied to factors such as the rise in urbanization and population growth, management of natural resources, evaluations of risks and disaster management, supply chain enhancement, and various government initiatives and regulations.
There is an anticipated swift expansion in the geospatial analytics market in the coming years. With a compound annual growth rate (CAGR) of 19.0%, it is set to reach $209.26 billion by 2029. The projected growth during the forecast period is linked to factors such as the advancement of smart cities, the implementation of precision agriculture, health and pandemic monitoring, assimilation with IoT and Big Data, and efforts toward environmental preservation. The trend forecast for this period encompasses the analysis of geospatial big data, mobile geospatial applications, integration of blockchain for spatial data safety, the conjunction of social media and geospatial analysis, along with urban mobility and smart city planning.
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What trends are poised to drive the future success of the geospatial analytics market?
Leading firms in the geospatial analytics market are introducing new tools like geospatial analysis platforms to boost their market earnings. A geospatial analysis platform is an all-inclusive system that lets users conduct high-level evaluations and generate meaningful findings from geographical and spatial data. For example, in June 2022, ICEYE, a company based in Finland that uses synthetic-aperture radar (SAR) technology for consistent global location monitoring, launched ICEYE Insights with the capability to analyze flood impacts instantly. The platform equips insurance firms with almost instantaneous understanding of flood situations by including ICEYE's flood monitoring data. This makes informed decision-making possible, allowing insurers to evaluate the effects on specific clients and estates. The platform facilitates proactive contact with customers, improvement of resource allocation, and reserve enhancement. ICEYE's synthetic-aperture radar constellation allows continuous data gathering irrespective of time, effectively overcoming cloud interruption for trustworthy flood risk data.
Which primary segments of the geospatial analytics market are driving growth and industry transformations?
The geospatial analytics market covered in this report is segmented -
1) By Components: Solutions, Services
2) By Type: Surface And Field Analytics, Network And Location Analytics, Geovisualization, Other Types
3) By Technology: Remote Sensing, GIS, GPS, Other Technologies
4) By Application: Surveying, Medicine And Public Safety, Disaster Risk Reduction And Management, Climate Change Adaptation, Other Applications
5) By End-User Industry: Agriculture, Utility And Communication, Defense And Intelligence, Government, Natural Resources, Other End User Industries
Subsegments:
1) By Solutions: Software, Platforms, Tools
2) By Services: Consulting, Implementation, Support And Maintenance
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Which geographical regions are pioneering growth in the geospatial analytics market?
North America was the largest region in the geospatial analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geospatial analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the geospatial analytics market landscape?
Major companies operating in the geospatial analytics market include 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
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What Is Covered In The Geospatial Analytics Global Market Report?
•Market Size Forecast: Examine the geospatial analytics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the geospatial analytics market for a structured understanding.
•Key Players Overview: Analyze major players in the geospatial analytics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the geospatial analytics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the geospatial analytics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the geospatial analytics market.
•Industry Challenges: Identify potential risks and obstacles affecting the geospatial analytics market.
•Competitive Landscape: Review strategic developments in the geospatial analytics market, including expansions, agreements, and new product launches.
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