Press release
Geospatial Analytics Market Key Players Analysis- Esri (US), Precisely (US), Caliper Corporation (US), Blue Marble Geographic (US), Google (US).
Geospatial Analytics Market
The global geospatial analytics market is estimated to reach over USD 187.51 billion by 2031, exhibiting a CAGR of 12.47% during the forecast period.
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Geospatial analytics involves the collection, visualization, and analysis of geographic data to generate insights and support decision-making. The global geospatial analytics market is experiencing significant growth, driven by increasing demand across industries such as agriculture, defense, transportation, and urban planning. However, the shortage of skilled professionals is a key challenge for the market. Geospatial analytics requires specialized technical expertise, including proficiency in GIS software, data analysis and visualization tools, and programming languages.
A major constraint in the geospatial analytics market is the concern over data privacy and security. The collection and analysis of large volumes of data, including sensitive and personal information, have raised significant privacy issues. As a result, some organizations may be hesitant to adopt geospatial analytics solutions due to the potential risks associated with data security and regulatory compliance.
List of Prominent Players in the Geospatial analytics market:
• Bentley Systems
• Blue Marble Geographic
• Caliper Corporation (US)
• CARTO (US)
• Descartes Lab (US)
• eSpatial (Ireland)
• Esri
• Fugro
• General Electric
• Geomatic Consulting International (Vietnam)
• Geospin (Germany)
• Geoviet Consulting (Vietnam)
• GIS Co. Ltd. (Thailand)
• HERE Technologies (Netherlands)
• HexagonAB
• Imago Global (Mynamar)
• Mandalay Technology (Myanmar)
• Mapidea (Portugal)
• Maplarge
• Maplarge (US)
• Mappointasia (Thailand)
• Maxar Technologies
• Orbica (New Zealand)
• Orbital Insights (US)
• Pasco Corporation (Japan)
• Precisely
• Remote Technologies (US)
• RMSI
• Skymap Global (Singapore)
• Sparkgeo (Canada)
• Spatial
• Suntac Technologies (Myanmar)
• TomTom (Netherlands)
• Trimble
• UBIMO(US)
• Vegastar Technology (Vietnam)
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Market Dynamics
Drivers
Technological advancements have been a key driver of the global geospatial analytics market in recent years. Continuous improvements in technology have enhanced the ability to collect, analyze, and visualize data in real-time, enabling businesses to gain valuable insights and make more informed decisions. The integration of artificial intelligence, machine learning, and big data analytics has further strengthened the market, allowing companies to extract greater value from their data and better understand complex spatial relationships. Additionally, the rising demand for location-based services, including navigation, asset tracking, and emergency response, has significantly contributed to the increased adoption of geospatial analytics solutions across multiple industries.
Challenges
A critical challenge facing the geospatial analytics market is the shortage of skilled professionals, which is expected to constrain market growth. This issue is particularly pronounced in emerging markets, where the demand for geospatial analytics is increasing rapidly. To address this gap, many organizations are investing in training and educational programs to develop a pipeline of qualified geospatial analysts. Partnerships with universities and vocational training institutions are being established to equip students with the necessary technical skills and experience. Moreover, companies are leveraging automation and artificial intelligence to enhance the capabilities of their existing workforce and make geospatial analytics more accessible to non-specialists.
Regional Trends
The North American geospatial analytics market is anticipated to secure a leading share of global revenue and is projected to grow at a high compound annual growth rate (CAGR) over the forecast period. This growth can be attributed to the presence of major industry players and the widespread adoption of geospatial analytics solutions across sectors such as government, defense, and transportation. Furthermore, the region benefits from a well-established technological infrastructure and a high level of awareness regarding the advantages of geospatial analytics, which further supports market expansion.
Recent Developments:
• In May 2022, Old City Innovations (formerly Geospoc LLC) was purchased by India-based decision intelligence business SatSure Analytics Pvt. Ltd. for an unknown sum.
• In March 2022, Esri and PrecisionHawk announced a partnership. The best geospatial intelligence is made available through this alliance.
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Segmentation of the Geospatial Analytics Market-
By Component
• Solution
o Geocoding & Reverse Geocoding
o Data Integration & ETL
o Report Visualization
o Thematic Mapping & Spatial Analysis
• Service
By Technologies
• Remote Sensing
• Global Positioning Systems
• Geographic Information Systems
By Type
• Surfacing & Files Analytics
• Network & Location Analytics
• Geovisualization
By Deployment mode
• Cloud
• On-premises
By Organization Size
• Large Enterprises
• SMEs
By Application
• Surveying
• Medicine & Public Safety
• Disaster Risk Reduction & Management
• Urban Planning
• Transportation Planning & Management
• Natural Resource Management
• Agriculture Value Chain
• Environment Impact Analytics
By Vertical
• Energy & Utilities
• Government
• Defense & Intelligence
• BFSI
• Retail Estate & Construction
• Healthcare
• Mining & Natural Resources
• Automotive & Transportation
• Agriculture
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
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info@insightaceanalytic.com
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