Global Geospatial Analytics Market

Geospatial Analytics Market Size, Share, Growth Analysis, By Offering (Solution, Services), By Technology (Remote Sensing, Global Positioning Systems), By Vertical (BFSI, Energy & Utility), By Region - Industry Forecast 2025-2032


Report ID: SQSG45E2026 | Region: Global | Published Date: December, 2024
Pages: 274 | Tables: 156 | Figures: 78

Geospatial Analytics Market Regional Insights

North America was dominant in the geospatial market in 2021. This position is attributed to its considerable investment in data analytics and advanced technology infrastructure. The region is expanding due to the presence of well-established businesses. Due to many IT companies and academic institutions, innovation in leading geospatial technologies is going on with full vigor in the region. Dominance by North America is a factor of the extensive public and commercial sector programs in the region that make use of geospatial data for national security, environmental management, and urban planning. Its leadership is further cemented by the high adoption rates of geospatial solutions across multiple industries. 

Growth in the geospatial analytics market is expected to take place in the Asia-Pacific due to the rise in investment of the region toward infrastructure development and smart city initiatives. Geospatial technology is increasingly used for the development of transportation, urban planning, and disaster management by countries such as China and India. Companies in Indonesia are leveraging the latest technologies, such as LiDAR, to widen the geospatial technologies market in the country. Besides, increasing usage of mobile devices and growing internet penetration create more avenues for the collecting and analysis of geospatial data in the Asia-Pacific region. All these factors drive market potential owing to diversified economic growth and technical advancement. 

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Global Geospatial Analytics Market size was valued at USD 126.22 Billion in 2022 and is poised to grow from USD 142 Billion in 2023 to USD 364.34 Billion by 2031, growing at a CAGR of 12.5% in the forecast period (2024-2031).

Leading players of this market include but are not limited to Microsoft Corporation, Precisely Holdings, LLC, Alteryx, Inc., Hexagon AB, Trimble Inc., HERE Global B.V., Alphabet Inc. (Google LLC), Oracle Corporation, and Esri Global, Inc. Major companies are expanding their businesses by adopting various strategies such as mergers, acquisitions, product launches, collaboration, and partnership.  'Google ', 'Alteryx ', 'Hexagon ab ', 'Tomtom ', 'Maxar technologies ', 'Trimble ', 'Precisely ', 'Esri ', 'Caliper corporation ', 'Blue marble geographics ', 'Rmsi ', 'Maplarge ', 'General electric ', 'Bentley systems ', 'Fugro'

Rapid advancements in IoT have brought enormous changes in everyday life, embedding technology in mundane objects and environments. Along with the interconnections of devices, IoT can develop different facets of an intelligent home, efficient pollution control systems, smart cities, and advanced solutions for energy-saving. IoT deployment with smart sensors and GPS trackers can generate highly extensible data, with high accuracy on several parameters such as temperature, humidity, noise, and position. It can also be integrated seamlessly with geospatial analytics to derive more profound insight into complex queries for better decision making and more efficient management of resources and environments. 

North America was dominant in the geospatial market in 2021. This position is attributed to its considerable investment in data analytics and advanced technology infrastructure. The region is expanding due to the presence of well-established businesses. Due to many IT companies and academic institutions, innovation in leading geospatial technologies is going on with full vigor in the region. Dominance by North America is a factor of the extensive public and commercial sector programs in the region that make use of geospatial data for national security, environmental management, and urban planning. Its leadership is further cemented by the high adoption rates of geospatial solutions across multiple industries. 

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Global Geospatial Analytics Market

Report ID: SQSG45E2026

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