Global Geospatial Analytics Market

Global Geospatial Analytics Market Size, Share, Growth Analysis, By Component Analysis(Solution, service), By End-User(Defense, Internal Security), By Application(Disaster Management, Risk Reduction), By Deployment Mode(Cloud, On-premises), By Organization Size(Small, medium-sized enterprises) - Industry Forecast 2022-2028


Report ID: SQSG45E2026 | Region: Global | Published Date: October, 2022 | Pages: 165

Global Geospatial Analytics Market Insights

The Global Geospatial Analytics Market was valued at USD 98.1 billion in 2021, and it is expected to reach a value of USD 256 billion by 2028, at a CAGR of 17.6% over the forecast period (2022-2028).

Currently, over 40% of the global geographic information system (GIS) market is made up of geospatial analytics. Over the past few years, the ability of artificial intelligence (AI) and machine learning (ML) to evaluate GIS data has significantly improved. Organizations can gain better insights by combining geographical data with artificial intelligence and machine learning. Artificial intelligence technology and various GIS processes, such as spatial data analysis algorithms, are combined to create AI GIS (artificial intelligence geographic information system). In recent years, the primary focus of geoscience research and applications has shifted to AI GIS. As a result, the market is being driven by an increase in the use of artificial intelligence and machine learning in GIS solutions. Geographic information system firms are providing both existing and new data to the telecommunications industry with the aid of technologically advanced 5G networks. The geospatial analysis provides physical information on cities and landscapes, as well as data on the climate, wildlife, and populace. Network designers and radio engineers now have access to comprehensive information about GIS parameters thanks to the 5G network data. Players in geospatial analytics are benefiting from technological developments in 5G communication technologies.

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Global Geospatial Analytics Market Segmental Analysis

The global geospatial analytics market is segmented on the basis of component analysis, end-user, application, deployment mode, organization size, and region. Based on component analysis, the market is segmented into solutions and services. Based on end-user, the market is segmented into defense and internal security, retail & logistics, government, banking, financial services, and insurance (bfsi), energy and utilities, agriculture, healthcare & life sciences, infrastructure & urban development, and others. Based on the deployment mode, the market is segmented into cloud and on-premises. Based on organization size, the market is segmented into small and medium-sized enterprises and large size enterprises. Based on application, the market is segmented into disaster management and risk reduction, public safety and medline delivery, surveying, climate change adaptation, and others. Based on region, the global geospatial analytics market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Component Analysis

Based on application, the geospatial analytics market is divided into four categories: surveying, climate change adaptation, public safety and medicine delivery, disaster management, and risk reduction. The market share leader was the surveying application. The segment's expansion is being fueled by the expanding usage of geospatial analytics across numerous industries, including security and military, architecture, engineering, and construction, oil and gas industry, and utilities. Better decision-making, increased trustworthiness, record-keeping, and better land management are further advantages of surveying. These elements support the predominance of surveying segments.

Analysis by End-User

Market segments include agriculture, utility and communication, defense and intelligence, government, and natural resources based on end-user. The global market for military and security is large. In order to provide situational awareness information, modern military and intelligence organizations mainly rely on cutting-edge technologies including artificial intelligence (AI), thermal technology, location, and geographic data. These benefits improve natural security and enable quick decision-making. Remote sensing technology can be used by military forces to obtain vital information that will aid in their strategic decision-making. Over the coming years, healthcare services are anticipated to grow at the quickest rate. In order to pinpoint the ideal areas to concentrate on health issues, GIS can be used to geocode data from surveillance systems or health surveys.

Analysis by Application

Based on application, the geospatial analytics market is divided into four categories: surveying, climate change adaptation, public safety and medicine delivery, disaster management, and risk reduction. The market share leader was the surveying application. The segment's expansion is being fueled by the expanding usage of geospatial analytics across numerous industries, including security and military, architecture, engineering, and construction, oil and gas industry, and utilities. Better decision-making, increased trustworthiness, record-keeping, and better land management are further advantages of surveying. These elements support the predominance of surveying segments.

Analysis by Deployment Mode

The geospatial analytics market is divided into on-premises and on the cloud. The most popular geospatial analytics products are cloud-based. These cloud-based technologies are able to send data, pictures, and maps on demand. Cloud-based geospatial analytics systems can be accessed through private, public, hybrid, or community cloud services, depending on your security, collaboration, and ownership needs. The ability for businesses to see, produce, monitor, manage, and analyze geographic data is provided by the cloud, which is a shared infrastructure. For cost-saving and security reasons, many businesses are still developing cloud-based analytics solutions. On-premises implementation is therefore anticipated to experience a moderate adoption rate.

Analysis by Organization Size

In 2021, large businesses accounted for the highest proportion of the global geospatial analytics market. These businesses have a greater propensity for geospatial technologies as a result of the development of high-precision location-based data and analytical solutions.

Over the coming years, small and medium-sized firms are anticipated to grow faster. The increasing usage of location data in these businesses is one aspect of that growth. Another is the rising usage of cloud technology, which aids these companies in performing better.

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Global Geospatial Analytics Market Regional Insights

Construction, agriculture, transportation, and utilities all make extensive use of geospatial analytics technologies, such as GIS and GPS. In 2021, North America is anticipated to account for a sizable portion of the geospatial analytics market. The market is expanding due to the presence of technology businesses and their expanding use of AI and machine learning. North America holds the greatest share of the geospatial analytics market, thanks in part to the oil and gas industry, the growth of 5G infrastructure, the rising demand for connected vehicles, the presence of international players from the automotive industry, and the robust healthcare sector.

The geospatial analytics market in Asia-Pacific is anticipated to grow at the fastest rate. China is making investments in the creation of a spaceborne-airborne monitoring system in order to increase its capacity for early warning and to enhance the safety, security, and well-being of its populace. The development of geospatial analytics in the nation is also being fueled by a government program. Additionally, the logistics industry's use of mobility as a service is a rapidly expanding trend in India. Using cutting-edge technology like LiDAR, Indonesian businesses are expanding the market for geospatial technologies there. As an illustration, Terra Drone Indonesia, a subsidiary of Terra Drone Corporation, offered aerial surveying and mapping services based on LiDAR to building firms.

In the next five years, it is expected that the Middle East and Africa will experience a rapid increase in the number of connected vehicles due to rising demand, particularly in nations with new 5G infrastructure. Numerous businesses have decided to invest in the area because of the presence of major automakers.

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Global Geospatial Analytics Market Dynamics

Driver

  • In order to give enterprises deeper insights, geospatial analytics solution providers like ESRI and SAP use AI and ML-based solutions. The development of drones and satellite imagery equipment has accelerated recently. These observations can be used to track the provision of municipal services and pinpoint areas where they can be enhanced. A profit pool for the focused marketing of items based on consumer interest is the accessibility of big data gathered from demographic data in marketing management. As a result, the geospatial analytics market is anticipated to increase as a result of technological advancements and its use across an increasing number of sectors.
  • GIS (geographic information system) software aids smart cities in data optimization and better infrastructure, land acquisition, and city planning decisions. GIS is a tool used by civil engineers to assess and visualize infrastructure and land. GIS can be used as a tool for operations, design, or planning. Planners are able to see the land in great detail thanks to the use of remote sensors, aerial photography, and satellite imaging. The advantage of this GIS software is accelerating the demand for geospatial analytics.

Restraint

  • The usage of GIS software is made possible by urban growth. There has also been an upsurge in privacy-related public anxiety. Government restrictions and regulations apply to the gathering, storage, distribution, and use of location-based information. Companies that gather user location data must abide by a number of data privacy laws, including the General Data Protection Regulation and laws controlling sensitive personal data or information. The availability of user location data has a constraint on whether enterprises will use these analytics tools. Concerns over privacy and the expensive cost of the services could limit market expansion.

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Global Geospatial Analytics Market Competitive Landscape

The global geospatial analytics market is relatively fragmented, with a high level of competition. Few large players, like Alteryx, Inc., Digital Globe, Fugro N.V., Hexagon AB, RMSI, SAP SE, Trimble Inc., Maxar Technologies Inc., Map Large, Harris Corporation, Bentley Systems Incorporated, ESRI, General Electric Company, Oracle Corporation, and Google LLC now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Top Players in the Global Geospatial Analytics Market

  • ESRI (U.S.)
  • Oracle Corporation (U.S.)
  • Alteryx, Inc. (U.S.)
  • Fugro N.V. (Netherlands)
  • Hexagon AB (Sweden)
  • RMSI Pvt. Ltd., India (India)
  • SAP SE (Germany)
  • Trimble Inc. (U.S.)
  • L3Harris Technologies, Inc. (U.S.)
  • General Electric Company (U.S.)
  • TomTom N.V. (Netherlands)
  • Autodesk, Inc. (U.S.)
  • Google LLC (U.S.)
  • Atkins (U.K.)
  • AAM Pty Ltd. (Australia)
  • Orbital Insight (U.S.)
  • Cyient Limited (India)
  • Precisely (U.S.)
  • HERE (Netherlands)
  • CARTO (U.S.)

Recent Developments

  • In May 2022, Hexagon AB company declared that the company Intergraph G/Technology is now obtainable on the Oracle cloud infrastructure. The modern deployment options offer utility operators a secure, scalable geographic information solution with lowered start-up prices and required infrastructure.
  • In March 2022, Precision Hawk declared a partnership with Esri company. The partnership will bring the best in geospatial intelligence by combining Precision Hawk’s industry-leading AI with Esri ArcGIS technology, the globe’s most dynamic spatial and mapping analytics software.
  • April 2022, Oracle launched a complete employee experience platform to help the organization and support employee success with new solutions for listening, communication, productivity, and engagement.
  • In May 2021, Esri, the global leader in location intelligence, announced its location analytics product ArcGIS Insights, which now supports connecting to cloud-native databases, including Snowflake, Google Big Query, Amazon Redshift, Microsoft Azure SQL, and others.

Global Geospatial Analytics Key Market Trends

  • The rollout of 5G network services is predicted to open up new prospects for geospatial analytics suppliers because 5G technology can be used to capture extremely accurate geographical data. The low-band, mid-band, and high-band spectrum would be the main three bands that the 5G network would operate on. Sub-1GHz spectrum is another name for the low-band spectrum. It quickly runs out of spectrum since it is mostly used by carriers. In comparison to a low band, the mid-band spectrum offers quicker coverage and lower latency. In contrast to a low-band spectrum, a mid-band spectrum is unable to enter structures. The term "mmWave" is frequently used to describe a high-band spectrum. It features low latency and peak speeds of up to 10Gbps. Small cells are necessary for the implementation of 5G because they facilitate connections between users and 5G transceiver towers. Due to their massive antenna arrays and expansive bandwidths, 5G networks are anticipated to soon be able to provide device positioning. Particularly in Line of Sight (LOS) circumstances, these would have extremely accurate Direction-of-Arrival (DOA) and Time-of-Arrival (TOA) estimation. A crucial component of the development of the 5G infrastructure is geospatial data. The telecom sector's demand for geospatial analytics solutions is anticipated to increase as a result in the near future.

Global Geospatial Analytics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, commercialization of geospatial data, integration of geospatial data with other key technologies, rising demand for geospatial solutions across industries, use of geospatial analytics in new and novel applications, technological advancements, and application of geospatial analytics for security solutions globally are the factors that are propelling the market's growth. The high initial and ongoing expenses of these technologies, as well as operational issues, are limiting the growth of the geospatial analytics market and, taken together, are contributing to the delayed uptake of geospatial analytics globally. This market expansion is hampered by the lack of supporting infrastructure for geospatial technologies and the challenges involved in integrating geospatial technologies with other technologies.

Report Metric Details
Market size value in 2021 USD 98.1 billion
Market size value in 2028 USD 256 billion
Growth Rate 17.6%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Component Analysis
    • Solution, service
  • End-User
    • Defense, Internal Security, Retail & Logistics, Government, Banking, Financial Services, Insurance (BFSI), Energy, Utilities, Agriculture, Healthcare & Life Sciences, Infrastructure & Urban Development, Others
  • Application
    • Disaster Management, Risk Reduction, Public Safety, Medline Delivery, Surveying, Climate Change Adaptation, Others
  • Deployment Mode
    • Cloud, On-premises
  • Organization Size
    • Small, medium-sized enterprises, large-sized enterprises.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ESRI (U.S.)
  • Oracle Corporation (U.S.)
  • Alteryx, Inc. (U.S.)
  • Fugro N.V. (Netherlands)
  • Hexagon AB (Sweden)
  • RMSI Pvt. Ltd., India (India)
  • SAP SE (Germany)
  • Trimble Inc. (U.S.)
  • L3Harris Technologies, Inc. (U.S.)
  • General Electric Company (U.S.)
  • TomTom N.V. (Netherlands)
  • Autodesk, Inc. (U.S.)
  • Google LLC (U.S.)
  • Atkins (U.K.)
  • AAM Pty Ltd. (Australia)
  • Orbital Insight (U.S.)
  • Cyient Limited (India)
  • Precisely (U.S.)
  • HERE (Netherlands)
  • CARTO (U.S.)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Geospatial Analytics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Geospatial Analytics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Geospatial Analytics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Geospatial Analytics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Geospatial Analytics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Geospatial Analytics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

The Global Geospatial Analytics Market was valued at USD 98.1 billion in 2021, and it is expected to reach a value of USD 256 billion by 2028, at a CAGR of 17.6% over the forecast period (2022-2028).

The global geospatial analytics market is relatively fragmented, with a high level of competition. Few large players, like Alteryx, Inc., Digital Globe, Fugro N.V., Hexagon AB, RMSI, SAP SE, Trimble Inc., Maxar Technologies Inc., Map Large, Harris Corporation, Bentley Systems Incorporated, ESRI, General Electric Company, Oracle Corporation, and Google LLC now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.'ESRI (U.S.)','Oracle Corporation (U.S.)','Alteryx, Inc. (U.S.)','Fugro N.V. (Netherlands)','Hexagon AB (Sweden)','RMSI Pvt. Ltd., India (India)','SAP SE (Germany)','Trimble Inc. (U.S.)','L3Harris Technologies, Inc. (U.S.)','General Electric Company (U.S.)','TomTom N.V. (Netherlands)','Autodesk, Inc. (U.S.)','Google LLC (U.S.)','Atkins (U.K.)','AAM Pty Ltd. (Australia)','Orbital Insight (U.S.)','Cyient Limited (India)','Precisely (U.S.)','HERE (Netherlands)','CARTO (U.S.) '

In order to give enterprises deeper insights, geospatial analytics solution providers like ESRI and SAP use AI and ML-based solutions. The development of drones and satellite imagery equipment has accelerated recently. These observations can be used to track the provision of municipal services and pinpoint areas where they can be enhanced. A profit pool for the focused marketing of items based on consumer interest is the accessibility of big data gathered from demographic data in marketing management. As a result, the geospatial analytics market is anticipated to increase as a result of technological advancements and its use across an increasing number of sectors.

The rollout of 5G network services is predicted to open up new prospects for geospatial analytics suppliers because 5G technology can be used to capture extremely accurate geographical data. The low-band, mid-band, and high-band spectrum would be the main three bands that the 5G network would operate on. Sub-1GHz spectrum is another name for the low-band spectrum. It quickly runs out of spectrum since it is mostly used by carriers. In comparison to a low band, the mid-band spectrum offers quicker coverage and lower latency. In contrast to a low-band spectrum, a mid-band spectrum is unable to enter structures. The term "mmWave" is frequently used to describe a high-band spectrum. It features low latency and peak speeds of up to 10Gbps. Small cells are necessary for the implementation of 5G because they facilitate connections between users and 5G transceiver towers. Due to their massive antenna arrays and expansive bandwidths, 5G networks are anticipated to soon be able to provide device positioning. Particularly in Line of Sight (LOS) circumstances, these would have extremely accurate Direction-of-Arrival (DOA) and Time-of-Arrival (TOA) estimation. A crucial component of the development of the 5G infrastructure is geospatial data. The telecom sector's demand for geospatial analytics solutions is anticipated to increase as a result in the near future.

Construction, agriculture, transportation, and utilities all make extensive use of geospatial analytics technologies, such as GIS and GPS. In 2021, North America is anticipated to account for a sizable portion of the geospatial analytics market. The market is expanding due to the presence of technology businesses and their expanding use of AI and machine learning. North America holds the greatest share of the geospatial analytics market, thanks in part to the oil and gas industry, the growth of 5G infrastructure, the rising demand for connected vehicles, the presence of international players from the automotive industry, and the robust healthcare sector.

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Global Geospatial Analytics Market

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