Geospatial Analytics Market Size, Industry Share, Forecast

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Data Bridge Market Research analyses that the global geospatial analytics market which was USD 22,585.31 million in 2022, and is expected to reach USD 48,766.85 million by 2030, and expected to undergo a CAGR of 10.1% during the forecast period of 2023 to 2030.

"The influential Geospatial Analytics Market Report provides a list of key competitors, strategic industry analysis, and insights into key factors influencing the Geospatial Analytics Market industry. The market analysis and insights included in this market research report offer key statistics on the market status of global and regional manufacturers and are an important source of guidance that provides sound direction for companies and individuals interested in the industry. The first-class Geospatial Analytics s Market Report also includes all the data covering market definition, classification, application, involvement, market drivers, and market restrictions obtained with the help of SWOT analysis.

The Geospatial Analytics s Market research report covers a methodical investigation of the current global market scenario, encompassing several market dynamics. This report provides the fluctuation of CAGR value during the forecast period of 2023-2030 for the market. The study and analysis carried out in this business report also helps to know the type of consumers, their views about the product, their purchasing intentions, and their ideas for the progress of a product. This report helps businesses know their market share over various time periods, transportation, storage, and supply needs of their products. Persuasive Geospatial Analytics Market analysis reports provide useful insights that help while launching new products.

Data Bridge Market Research analyses that the global geospatial analytics market which was USD 22,585.31 million in 2022, and is expected to reach USD 48,766.85 million by 2030, and expected to undergo a CAGR of 10.1% during the forecast period of 2023 to 2030.

Explore Further Details about This Research Geospatial Analytics Market Report https://www.databridgemarketresearch.com/reports/global-geospatial-analytics-market

Geospatial Analytics Market Scope and Segmentation

REPORT METRIC

DETAILS

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Component (Software and Solutions and Services), Type (Surface and Field Analytics, Network and Location Analytics, Geo- Visualization and Others), Application (Surveying, Medicine and Public Safety, Disaster Risk Reduction and Management, Climate Change Adaptation and Others), Vertical (Business, Automotive, Utility and Communication, Government, Defense and Intelligence, Natural Resources and Others), Technology (Remote Sensing, Geographical Positioning System (GPS), Geographic Information System (GIS) and Other Geospatial Analytics Technologies)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

Market Players Covered

IBM Corporation (U.S.), Oracle (U.S.), Microsoft (U.S.), SAP SE (Germany), Hexagon AB (Sweden), GENERAL ELECTRIC COMPANY (U.S.), Alphabet Inc. (U.S.), IMS Software, Inc. (U.S.), Xevo (U.S.), ALTERYX, INC. (U.S.), DigitalGlobe (U.S.), Trimble Inc. (U.S.), Maxar Technologies (U.S.), L3Harris Technologies, Inc. (U.S.), BENTLEY SYSTEMS, INCORPORATED (U.S.), MapLarge (U.S.), TomTom International BV (Netherlands), Critigen (U.S.), Esri (U.S.), Autodesk Inc. (U.S.)

Market Opportunities

  • Rising expenditure for research and development activities
  • Rising adoption of connected devices by medium and small scale enterprises
  • Dearth of skilled professionals or trained personnel

Market Definition

Analytics is an examination or analysis of data which is done with the help of techniques and tools such as artificial intelligence, data mining, machine learning, and multivariate statistics. Analytics is a process that involves the examination of raw data sets using scientific models, hypothesis and theories. Therefore, geospatial analytics incorporates the use of data and math to discover relationships and make predictions and forecast against uncertainties. In other words, geospatial analytics assists an organization in anticipating and formulating strategies for future.

Global Geospatial Analytics Market Dynamics

Driver

  • Rising Expenditure for Research and Development Activities

Rising expenditure for research and development activities on geospatial analytics by the various end user verticals is creating lucrative growth opportunities for the market. Rising demand to streamline the business operations and advancements in geospatial analytics with the introduction of computing and massive information analytics will further induce growth in the geospatial analytics market value.

Opportunity

  • Rising Adoption of Connected Devices by Medium and Small Scale Enterprises

Rising adoption of connected devices by medium and small scale enterprises will also propel growth in the demand for geospatial analytics. Rising digitization of economies especially the developing ones coupled with increasing use of GPS devices in the field of GIS is another growth opportunity for the global geospatial analytics market.

Key questions answered in the Geospatial Analytics Market are: 

  • What is Geospatial Analytics Market?
  • What was the Geospatial Analytics Market size in 2022?
  • What are the different segments of the Geospatial Analytics Market?
  • What growth strategies are the players considering to increase their presence in Geospatial Analytics Market?
  • What are the upcoming industry applications and trends for the Geospatial Analytics Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Geospatial Analytics Market?
  • What major challenges could the  Geospatial Analytics Market face in the future?
  • What segments are covered in the Geospatial Analytics Market?
  • Who are the leading companies and what are their portfolios in Geospatial Analytics Market?
  • What segments are covered in the Geospatial Analytics Market?
  • Who are the key players in the Geospatial Analytics Market?

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