Global Geospatial Analytics Market Size, Forecast By 2022-2027
According to IMARC Group’s latest report, Geospatial Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global geospatial analytics market reached a value of US$ 77.2 Billion in 2021. Geospatial analytics is the procedure to analyze geological data obtained from graphs, maps, statistics and cartograms. It involves combining a global positioning system (GPS) with 3D scanners, geotagging, location sensors, mobile devices and satellite imaging solutions to represent features or objects on the surface of the Earth. In addition, it adds timings and location to the real-time geospatial data to provide accurate insights through images and visual patterns.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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Global Geospatial Analytics Market Trends:
The market is primarily driven by the rising usage of geospatial analytics for defense and military applications. Defense organizations are increasingly adopting the technology for enhanced situational awareness, and satellite monitoring of troops and enemy movements. Besides this, the global outbreak of coronavirus disease (COVID-19) has escalated the demand for geospatial analytics for tracking and monitoring the affected areas. In addition, various emerging technologies, such as the integration of connected devices with machine learning (ML) and artificial intelligence (AI) solutions, are creating a positive market outlook across the globe. Other factors, including the development of the 5G infrastructure and the implementation of several government policies, are expected to propel the market growth in the upcoming years. Looking forward, IMARC Group expects the market to reach US$ 174.2 Billion by 2027, exhibiting a CAGR of 14.44% during 2022-2027.
- Alteryx Inc.
- Descartes Labs Inc
- Environmental Systems Research Institute Inc.
- General Electric Company
- Hexagon AB
- Oracle Corporation
- Orbital Insight Inc.
- SAP SE
- TomTom N.V.
- Trimble Inc.
- Ubimo Ltd. (Quotient Technology).
Key Market Segmentation:
Breakup by Component:
- Surface and Field Analytics
- Network and Location Analytics
- Remote Sensing
- Large Enterprises
- Small and Medium-sized Enterprises
- Energy and Utilities
- Defense and Intelligence
- Smart Cities
- Natural Resources
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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