The Global Geospatial Analytics Market was valued at USD 30.68 billion in 2016 and is projected to reach USD 150.75 billion by 2025, growing at a CAGR of 19.35% from 2017 to 2025.
Geospatial analytics is the analytic solution providing insightful information on satellite images and data captured from various geospatial technologies including remote sensing, geographic information systems, and global positioning system. The solution helps users with advanced mapping, modeling, and statistical derivations from data gathered through geospatial interface and satellite bound outputs. Benefits of geospatial analytics include – makes analytics insights more engaging, move from hindsight to foresight, and develop targeted solutions.
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1. Market Drivers
1.1 Emergence of big data in geospatial analytics
1.2 Adoption of cloud computing in geospatial analytics
1.3 Better and less expensive geospatial content available
1.4 Rising need of security and safety
1.5 Commoditization of geospatial information
1.6 Integration of geospatial analytics with AI
2. Market Restraints
2.1 Issues with integration of geospatial data with enterprise solutions
2.2 Complex regulations and policies
2.3 Costly solutions
The Global Geospatial Analytics Market is segmented on the application, type, technology, vertical, and region.
1.1 Disaster Risk Reduction & Management
1.3 Climate Change Adaptation
1.4 Medicine & Public Safety
2. By Type:
2.2 Surface Analytics
2.3 Network Analytics
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3. By Technology:
3.2 Remote Sensing
4. By Vertical:
4.1 Defense and Intelligence
4.4 Natural Resources
4.5 Utility and Communication
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Bentley Systems, Inc.
2. Harris Corporation
3. Trimble Navigation Ltd.
4. Fugro N.V.
5. Hexagon AB
6. General Electric
7. Macdonald, Dettwiler & Associates, Ltd.
8. Digitalglobe Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Geospatial Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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