According to a market report by Lucintel, the future of the geospatial analytics market looks promising with opportunities in the BFSI, healthcare, automotive, utility, government, and defense and intelligence industries. The global geospatial analytics market is expected to grow with a CAGR of 12% to 14% from 2021 to 2027. The major drivers for this market are growing number of artificial intelligence and machine learning based geographic information system (GIS) solutions, rapid urbanization, growth in smart cities, and developments in big data analytics.
Browse 68 market data tables and 107 figures spread through 205 pages and in-depth TOC on “Global Geospatial Analytics Market"
In this market, solution and services are the major components of geospatial analytics. Lucintel forecast that solutions will remain the largest component over the forecast period as the solutions will help the companies to analyze, localize, and act on the changing business trends and conditions
Within the geospatial analytics market, the defense and intelligence will remain the largest market over the forecast period due to the continuous improvement in military strategies. The data provided by geospatial analytics help border security operations deliver information about situational awareness, enable quick decision-making, and help in growing national security
North America is expected to remain the largest region over the forecast period due to its extensive usage in applications including construction, agriculture, transportation, and utilities.
ESRI, Precisely, Oracle, SAP, Google, Maxar Technologies, Alteryx, Hexagon AB, Trimble, and TomTom are among the major suppliers of geospatial analytics.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global geospatial analytics market by components, type, technology, deployment mode, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Geospatial Analytics Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global geospatial analytics market by components, type, technology, deployment mode, application, end use industry, and region as follows:
By Components [Value ($M) shipment analysis for 2016 – 2027]:
•Solutions
oGeocoding and Reverse Geocoding
oData Integration and ETL
oReporting and Visualization
oThematic Mapping and Spatial Analysis
oOther Solutions
•Services
oConsulting
oIntegration and Deployment
oSupport and Maintenance
By Type [Value ($M) shipment analysis for 2016 – 2027]:
•Surface and Field Analytics
•Network and Location Analytics
•Geovisualization
•Other Types
By Technology [Value ($M) shipment analysis for 2016 – 2027]:
•Remote Sensing
•GIS
•GPS
•Other Technologies
By Deployment Mode [Value ($M) shipment analysis for 2016 – 2027]:
•Cloud
•On-Premises
By Application [Value ($M) shipment analysis for 2016 – 2027]:
•Surveying
•Medicine and Public Safety
•Disaster Risk Reduction and Management
•Climate Change Adaptation
•Other Application
By End Use Industry [Value ($M) shipment analysis for 2016 – 2027]:
•Utility
•Government
•Defense and Intelligence
•BFSI
•Healthcare
•Automotive
•Others
By Region [Value ($M) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/geospatial-analytics-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global geospatial analytics market by components (solution and services), type (surface and field analytics, network and location analytics, geovisualization, and other types), technology (remote sensing, GIS, GPS, and other technologies), deployment mode (cloud and on-premises), application (surveying, medicine and public safety, disaster risk reduction and management, climate change adaptation, and other applications), end use industry (utility, government, defense and intelligence, BFSI, healthcare, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?