Geospatial Analytics Market is Forecasted to Reach US$ 167.39 Billion in 2028, Says Stratview Research

The global Geospatial Analytics market is projected to witness a growth rate of 11.78% annually from 2022 to 2028, with an anticipated size of US$ 167.39 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Geospatial Analytics market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2749/geospatial-analytics-market.html#form

Report Highlights:
Market Size in 2028: US$ 167.39 billion
Growth (CAGR): 11.78% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Geospatial Analytics Market:
The global Geospatial Analytics market is segmented based on Technology type, Deployment Mode type, Enterprise Size type, End-Use type, and Region.
Based on Deployment Mode type - The market has been classified into cloud & On-premise. Under these, the cloud segment accounted for a significant share of the market in 2021 & is expected to remain the largest segment during the forecast period.

Based on Enterprise Size type - The market has been classified into large enterprises and small & medium enterprises. Under these, the Small & Medium Enterprises segment held a significant market share in 2021 & is estimated to grow at a robust CAGR during the forecast period. The increased adoption of cloud technologies leads to improved business performance, creating a demand for geospatial analytics in SMEs.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2749/geospatial-analytics-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

North America accounted for the largest market share in 2021 and is expected to grow at a healthy CAGR during the review period. Geospatial analytics technologies are widely used in North American applications such as construction, agriculture, transportation, and utilities. The demand for real-time information and location-based services is expected to rise in the coming years, owing to the increased adoption of mobile GIS technologies, which will benefit the market in this region.

Geospatial Analytics Market Drivers:
Some of the key drivers listed in the report are given below.
• The increasing number of AI and ML-based GIS solutions, the development of smart cities and urbanization, advancements in big data analytics, and increased deployment of IoT sensors across locations.
• 5G communication technology advancement.
• Even though 5G technology can collect highly accurate geospatial data, the deployment of 5G network services is expected to open up new opportunities for geospatial analytics vendors.

Top Companies in the Geospatial Analytics Market:
Stratview Research has identified the following companies as the top market players.
• Alteryx (US)
• Bentley Systems (US)
• CARTO (US)
• Descartes Labs (US)
• ESRI (US)
• Fugro (Netherlands)
• General Electric (US)
• Geospin (Germany)
• Google (US)
• Hexagon AB (Sweden)
• Map idea (Portugal)
• MapLarge (US)
• Maxar Technologies (US)
• Oracle (US).
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Geospatial Analytics Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Explore more reports here:

• Artificial Intelligence in Education Market: https://www.stratviewresearch.com/3273/artificial-intelligence-in-education-market.html

• Deep Learning Market: https://www.stratviewresearch.com/2704/deep-learning-market.html

400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com

Call Us: +13133074176

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.