Global Geospatial Analytics Market Report and Forecast 2024-2032

Global Geospatial Analytics Market Outlook

The global geospatial analytics market attained a value of about USD 89.93 billion in 2023 and expected to grow at a CAGR of 12.6% during the forecast period of 2024-2032 to reach nearly USD 262.47 billion by 2032.      

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Surge in COVID-19 to Aid the Market Growth of Geospatial Analytics

The market for geospatial analytics is being driven by the outbreak of the COVID-19 pandemic. Geospatial techniques like geographical information systems (GIS) and mapping are being increasingly used to detect the pattern of the disease, thus, aiding the market growth. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) systems to track real time updates on confirmed and active cases have helped governments and health workers around the world to identify and tackle the source of infection, which has further added to the market growth of geospatial analytics. The growing adoption of a remote and safe data collection and analysis technique like geospatial analytics to study the extent and impact of the pandemic, thus, aiding the process of decision making and planning, is also providing impetus for the market growth. Geospatial analytics is further being used to collect and analyse data for the distribution of vaccines through various parameters, such as demographical and geographical data, which is bolstering the industry growth.

Geospatial Analytics: Market Segmentation

Geospatial analytics is a means of collecting and studying real-time data based on geographic information systems (GIS) and imagery, using global positioning systems (GPS) and satellite photographs and other methods to accurately understand the dynamic relationship between demography and geography.

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On the basis of component, the market is divided into:

• Solution
• Service

Based on deployment mode, the market is segmented into:

• On-Premise
• Cloud

By solution, the market is divided into:

• Geocoding and Reverse Geocoding
• Data Integration and ETL
• Reporting and Visualization
• Thematic Mapping and Spatial Analysis
• Others

On the basis of technology, the market is categorised into:

• Remote Sensing
• GPS
• GIS
• Others

Based on industry vertical, the market is divided into:

• Automotive
• Energy and Utilities
• Government
• Defence Intelligence
• Smart Cities
• Insurance
• Natural Resource
• Others

On the basis of enterprise size, the market segmentation is as follows:

• Large Enterprises
• Small and Medium Enterprises

Based on type, the market is divided into:

• Surface and Field Analytics
• Network and Location Analytics
• Geovisualisation
• Others

The EMR report looks into the regional markets of geospatial analytics like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.

Development of Smart Cities to Augment the Market Growth of Geospatial Analytics

Owing to rapid urbanisation and technological advancements, government investments in smart cities around the globe are positively impacting the market growth of geospatial analytics. Research and development (R&D) activities in geospatial technology are being increasingly funded by various industries, providing further growth opportunities for market growth. The successful implementation of smart cities requires a digital system that can effectively manage data in a user-friendly manner, which is favouring the industry growth. The rising integration of IoT (Internet of Things) with the product to collect and analyse data regarding air and water quality to plan an urban environment in favourable conditions is further catalysing the market growth. As the interactive GIS graphic allows the visualisation of urban components, enabling users to update and follow static and dynamic data, geospatial analytics is witnessing rapid adoption, hence, bolstering the market  growth.

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Key Industry Players in the Global Geospatial Analytics Market

The report presents a detailed analysis of the following key players in the global geospatial analytics market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

• Oracle Corporation
• Google LLC
• Bentley Systems, Incorporated
• ESRI
• General Electric Co.
• Hexagon AB
• Maxar Technologies Inc.
• SAP SE
• Harris Geospatial Solutions, Inc.
• Critigen LLC
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report