New York , United States – Leading Competitors, The leading prominent companies profiled in the global geospatial analytics market are:, Oracle Corporation, SAP SE, Bentley Systems, Incorporated, Esri, General Electric Company, Hexagon AB, Trimble Incorporated, Tomtom International B.V., MDA Limited, Fugro, Alteryx Incorporated, Other Prominent Players
The global geospatial analytics market value was US$ 68.8 billion in 2021. The global geospatial analytics market value is forecast to reach US$ 206.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 13% during the forecast period from 2022 to 2030.
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A geospatial analytics solution provides insight into satellite images and data captured from a variety of geospatial technologies, including remote sensing, geographic information systems (GIS), and global positioning systems (GPS). Additionally, geospatial analytics solutions allow users to identify problems, monitor changes, manage and respond to them. Geospatial analytics provide a number of benefits to organizations, such as improved decision-making abilities, software that’s easy to use, and increased efficiency.
COVID-19 pandemic has created enormous growth opportunities for the global geospatial analytics market. During the pandemic, smart wearables, robots, and drones were helping the geospatial analytics solutions to grow. A map and a GIS provided valuable insights to help organizations deal with the crisis, maintain continuity of operations, and support the reopening process. Several technologies were available that could assist in better understanding the situation and making timely, informed decisions. These include GIS, analytics, and big data. Using GIS, it was possible to compare the source and the pattern of COVID-19. In addition to tracking the availability of facilities and planning interventions, GIS helped analyze where COVID-19 infections originate and how they manifest themselves.
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The Asia-Pacific region is forecast to show the highest growth rate during the forecast period. Due to strong economic growth and the ongoing development of inventory management and field service, organizations invest heavily in geospatial analytics to boost productivity and sustain growth. Moreover, the shift toward digital transformation, the deployment of cloud computing and technological advancement among small & medium businesses, and the ongoing modernization of workforce management strategies in emerging economies contribute to market growth. Additionally, key players across Asia-Pacific are improving their operations and enhancing their overall efficiency in order to remain competitive in the market, which should lead to lucrative opportunities for market growth during the forecast period.
The global geospatial analytics market segmentation focuses on Component, Solution, Collection Medium, Deployment Mode, Organization Size, Type, Industry Vertical, and Region.
Segmentation based on Collection Medium
Segmentation based on Deployment Mode
Segmentation based on Organization Size
Segmentation based on Industry Vertical
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?This report provides comprehensive information on factors expected to influence the market growth and market share in the future. ?The report offers the current state of the market and future prospects for various geographical regions. ?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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