Geospatial Market Research Report by Forecast to 2022

Posted by Kiran on February 25th, 2020

Geospatial Market Overview:

The use of geospatial devices and services is becoming increasingly popular in recent times due to the benefits they provide. Reports that conveys insights into the information and communication technology industry has been presented by Market Research Future, which creates reports on industry verticals that judge the market progress and options for growth. The market is set to tap into revenues worth USD 78 billion by the conclusion of the year with a 16.6 % CAGR.

The surge in demand for Geospatial Industry series is driven by its integration in a range of smart devices, which is expected to subsequently boost the market’s revenue generation in the coming years. The emergence of cutting edge technologies that are fueled by geospatial data is expected to create a promising scope for the development of the market in the forecast period.

Major Key Players:

The distinguished competitors in the geospatial market are Hexagon AB (Sweden), Bentley Systems, Inc. (U.S.), General Electric Co. (U.S.) DigitalGlobe, Inc. (U.S.), ESRI (U.S.), Fugro N.V. (Netherlands), RMSI (India), Trimble Navigation LTD. (U.S.), MacDonald, Dettwiler & Associates, Ltd. (Canada), Harris Corporation (U.S). among others.

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Geospatial Market Competitive Analysis:

The contenders in the market are crafting their strategy in a way that supports optimum profits and resource utilization. The improvement in international trade is expected to further develop the development of the market in the coming years. The governmental bodies around the world are increasing their contribution to market development. The enhancement of production resources is expected to create a favorable impetus for the advance of the market.

The amplification in the number of investments is predicted to motivate the market considerably in the coming years. The presence of apt investments or funding is expected to motivate the progress of the global market in the forecast period. The stabilization of export trends in the international market is expected to further encourage the market’s development in the coming period. The development of more integrated supply channels is anticipated to provide an upper hand to the market contenders in the forthcoming period.

Geospatial Market Segmental Analysis

The segmentation of the geospatial market is conducted on the basis of type, technology, end-user, and region.

  • On the basis of type, the geospatial market comprises of network analytics, surface analytics, geo-visualization and others.
  • Based on the technology, the geospatial market consists of GPS, remote sensing, GIS and others. Based on the end-users, the geospatial market comprises of automotive, defense & intelligence, business, utility & communication, government, natural resources and others.
  • On the basis of region, the geospatial market consists of Europe, North America, Asia Pacific and other global regions.

Detailed Regional Analysis:

The regional overview of the geospatial market is carried out on the basis of regions such as Europe, North America, Asia Pacific, and other global regions. As per the analysis, the Asia Pacific region is responsible for the principal market segment, chiefly due to the growing implementation and use of analytics across many verticals. Furthermore, the infrastructure and smart city developments are expected to be the major factors motivating the development of the geospatial market in this region.


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Joined: October 18th, 2019
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