The geospatial analytics is used to integrate geographic
information system (GIS) technology with several scientific technologies to transform,
process, and validate the valuable information for business process. In
addition, the manufacturing and automotive industries are deploying geospatial
analytics to offer better communication between organization and people. Various
benefits are associated with geospatial analytics such as it enables customers
to capture and process various services, modifies current orders and processes
customer moves. The rising usage and adoption of
the Internet of Things (IoT) across the world along with the emergence
of Artificial Intelligence (AI) and big data analysis are projected to result
in major growth of the geospatial analytics market
over the forecast period. Further, several benefits in artificial intelligence
and big data have allowed providers of geospatial analytics solutions and
services to provide on-demand analytics of huge and complex datasets. These
advancements have also allowed the incorporation of information systems with a
hybrid cloud computing environment. In addition, the geospatial analysis finds
application in several analytical techniques such as statistical analysis to
analyze geographical and spatial data. It also utilizes software solutions which
have the ability to process spatial data and offering maps as well as implementing
analytical methods to geographic or terrestrial datasets with the help of GIS
and geomatics. Apart from this, the geospatial information systems can be
easily incorporated into an organization’s present enterprise information
systems. These benefits are the significant propelling factors for the
geospatial analytics market growth. On the other hand, the concerns associated
to geoprivacy and confidential data and high cost incurred in GIS solutions and
geospatial data barriers are factors which are restricting the market growth.
Furthermore, the rapid growth in the adoption of the advanced
technology and the surging demand for location-based services are the major
trends noticed in the global geospatial analytics market. Technologies which
include commercial and spatial analysis, Internet of things, location services,
AR and VR are few technologies which foster the demand for geospatial analysis
systems. Moreover, the advancements in 5G communication technology and
increasing adoption of geospatial analytics system in small and medium-sized
enterprises are creating huge opportunities for the market growth.
The
global Geospatial Analytics Market is segregated on the basis of component as Software
and Service. Based on Type the global Geospatial Analytics Market is segmented
in Surface & Field Analytics, Network & Location Analytics, Geovisualization
and Others. Based on Application the global Geospatial Analytics Market is
segmented in Surveying, Medicine & Public Safety, Military Intelligence, Disaster
Risk Reduction & Management, Marketing Management, Climate Change
Adaptation (CCA), Urban Planning and Others.
The
global Geospatial Analytics Market report provides geographic analysis covering
regions, such as Europe, North America, Asia Pacific, and Rest of The World.
The Geospatial Analytics Market for each region is further segmented for major
countries including the U.S., Canada, Germany, the U.K., France, Italy, China,
India, Japan, Brazil, South Africa, and others.
Competitive Analysis
ESRI Inc,
MDA Corporation, Hexagon AB, Trimble Geospatial, Bentley Systems Inc and others
are among the major players in the global Geospatial Analytics Market. The
companies studied in terms of product strategy and various n several growth and
expansion strategies to gain a competitive edge in the market. The major
players not only follow value chain integration with business operations in
multiple stages of the value chain.
- In June
2021, Trimble declared the extension of a geotechnical portfolio to its
geospatial automated monitoring portfolio by collaboration with Worldsensing, a
wireless connectivity technology provider and a leading manufacturer of
geotechnical IoT monitoring systems. This collaboration allows survey,
geotechnical and structural engineers to smoothly extend their monitoring
business opportunities with an exclusive solution which incorporates
geotechnical and geospatial data.
- In May
2021, ESRI declared that its location analytics product ArcGIS Insights now helps
connecting to cloud-native databases—Snowflake, Google BigQuery, Microsoft
Azure SQL, Amazon Redshift and others—that various organizations have been deploying
for scalability, cost of ownership and performance reasons. This supports
organizations to easily analyze their GIS data and cloud-native databases
together.
- In May
2020, Syncsort is rebranded as “Precisely”. In December 2019, Syncsort bought
Pitney Bowes’ software and data business and presented itself as Precisely in
May 2020. Precisely would help companies to make improved decisions and provide
better outcomes.
The global Geospatial Analytics Market has been
segmented as below:
Geospatial
Analytics Market, By Component
Geospatial
Analytics Market, By Type
- Surface & Field Analytics
- Network & Location Analytics
- Geovisualization
- Others
Geospatial
Analytics Market, By Application
- Surveying
- Medicine & Public Safety
- Military Intelligence
- Disaster Risk Reduction &
Management
- Marketing Management
- Climate Change Adaptation (CCA)
- Urban Planning
- Others
Geospatial
Analytics Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Geospatial
Analytics Market, By Company
- ESRI Inc.
- MDA Corporation
- Hexagon AB
- Trimble Geospatial
- Bentley Systems Inc.
- Fugro NV
- Harris Corporation
- Atkins Plc.
- General Electric (GE)
- Critigen LLC
- Digital Globe Inc.
- GeoSpatial Analytics Inc.
- Descartes Labs
- Orbital Insight
- RemOT Technologies
The
report covers the below scope:
- Global Geospatial Analytics Market
sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Geospatial Analytics Market
trends, covering comprehensive range of consumer trends & manufacturer
trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Geospatial
Analytics Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Geospatial Analytics Market report scope
includes detailed study covering underlying factors influencing the industry
trends. The report covers analysis on regional and country level market
dynamics. The scope also covers competitive overview providing company market
shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares
and profiles key participants in the global Geospatial Analytics Market share.
Major industry players with significant revenue share include ESRI
Inc, MDA Corporation, Hexagon AB, Trimble Geospatial, Bentley Systems Inc and others.
Why to
Buy this Report:
- Gain detailed insights on the Geospatial Analytics
industry trends
- Find complete analysis on the
market status
- Identify the Geospatial Analytics
Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement