Geospatial Analytics Market - Technology Growing Rapidly Due to High Quality

Posted by nileshdbmr on February 3rd, 2020

Global geospatial analytics market is set to witness a healthy CAGR of 17.5% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to insertion of IoT, computing and massive information analytics.

Geospatial analysis is the collection, display and altering of images, GPS, satellite photography and historical statistics, delineate expressly in terms of address, code or forest stand symbol and geographic coordinates or implicitly as these are applied to geographic models. It consists of several applications such as disaster management, climate change modeling, weather monitoring, sales analysis, animal population management and human population forecasting.

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Major Market Players

Few of the major competitors currently working in global geospatial analytics market are Esri, Pitney Bowes Inc., Oracle, SAP SE, ALTERYX, INC., Hexagon AB, DigitalGlobe, Trimble Inc., MAXAR TECHNOLOGIES, MapLarge, Harris Corporation, BENTLEY SYSTEMS INCORPORATED, General Electric Company, Alphabet Inc., RMSI, Fugro, AAM Pty Ltd, TomTom International BV., Critigen, Orbital Insights, Autodesk Inc, Descartes Labs, Zillion Info, Geospin, MapIdea and others

Competitive Analysis

Global geospatial analytics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of geospatial analytics market for Global, Europe, North America, Asia-Pacific, South America, Middle East and Africa.

Segmentation: Global Geospatial Analytics Market

  • By Component (Software & Solutions Services)
  • By Type (Surface & Field Analytics, Network & Location Analytics, Geovisualization, Others),
  • By Application(Surveying ,Medicine & Public Safety, Disaster Risk Reduction & Management ,Climate Change Adaptation, Others)
  • By Vertical (Business, Automotive, Utility & Communication, Government, Defense & Intelligence, Natural Resources ,Others)
  • By Technology (Remote Sensing, GPS, GIS, Other Geospatial Analytics Technologies)
  • By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

  • Amount of insertion of internet of things (IoT) in geospatial technology is a driver for this market
  • Combination of geospatial technology with normal  technologies is driving the market growth
  • Advancements in geospatial analytics with the introduction of computing and massive information analytics is boosting the market growth
  • Increasing use of GPS devices and advancement in technology in the field of GIS technology is driving the growth of the market

Market Restraints:    

  • Costly implementation of geospatial analytics solutions is hampering the market growth
  • Act and legitimate issues is a restraint for this market

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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Joined: September 27th, 2019
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