Market Scenario
Market Research Future (MRFR) reveals different factors that can control the rise and resistance of the global Geospatial Analytics Market 2020, in its latest report. A detailed analysis of the impact of COVID 19 on the geospatial analytics market is illustrated in the report. As per MRFR evaluation, the geospatial analytics market is expected to rise at 19% CAGR across the review period 2020-2027. The geospatial analytics market value can touch USD 95 billion by 2027.
The rise in the demand for geospatial analytics market can be attributed to the increased in their demand in detection operations along with mainstream technologies. The high geospatial data commoditization across multiple verticals can impel the rise of the geospatial world market in the years to come. The rise in artificial intelligence assistance for assertive industrial expertise can thrive the expansion of the geospatial market.
The increased application of geospatial solutions for surveillance, safety, and security purposes can impel the rise of the worldwide market in the years to come. The high feasibility offer by geospatial analytics can curb logistic and operational costs, thus can prompt the market rise.
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Market Segmentation
The segment analysis of the geospatial analytics market is done by type, component, end-user, technology, and application.
The component based segments of the geospatial analytics market are services and software.
The services based segments of the geospatial analytics market are managed services and professional services. The professional services are training services and consulting services.
The type based segments of the geospatial analytics market are network analytics, surface analytics, and geo-visualization.
The technology based segments of the geospatial analytics market are 3D laser scanning, LiDAR Technology, photogrammetric, a global positioning system (GPS), remote sensing, and geographic information system (GIS) among others.
The application based segments of the geospatial analytics market are survey solutions, land administration, and mobile mapping among others.
The end-user based segments of the geospatial analytics market are energy, forestry, agriculture, marine & mining, construction & real estate, and retail, transportation & logistics among others.
Key Players
Alteryx (U.S.), IBM Corporation (U.S.), ESRI (U.S.), Trimble Navigation Ltd. (U.S.), Harris Corporation (U.S.), MDA (Canada), RMSI (India), DigitalGlobe, Inc. (U.S.), Hexagon AB (Sweden), Bentley Systems, Inc. (U.S.), Fugro N.V. (Netherlands), General Electric (U.S.), and Transerve technologies (India) are some reputed names in the global Geospatial Analytics Market as listed by MRFR.
Regional Analysis
Trends of the geospatial analytics market is studied for North America, APAC, and Europe following the Rest of the World. Europe geospatial analytics market. The rise in the demand for geospatial technology for security and safety applications across expanding aerospace and for automotive sectors can prompt the expansion of the geospatial market in the years to come. The presence of major suppliers of geospatial analytics in EU can impel the rise of the regional market in the years to come. In Asia Pacific, the geospatial analytics market is anticipated to rise exponentially in the near future due to the increased demand for geospatial analytics across the booming automotive sector. The expanding e-commerce business is expected to support the rise of the geospatial analytics market in the forecast period. The increased demand for geospatial analytics to enhance the supply chain logistics can support the expansion of the market in the APAC region. This is also an important driver observed in North America and Europe. The developing smart city projects in South Korea, Japan, and China can boost the APAC market in the years to come. The geospatial analytics market can thrive in the coming years due to the booming real estate sector.
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