Geospatial Analytics Market by Technology (Earth Observation, GIS, GNSS & Positioning, 3D Scanning), Deployment Mode (Cloud, On-premise), Enterprise Size (Large Enterprise, Small & Medium Enterprises), End-use (Security & Defense, BFSI, Media & Entertainment, Healthcare, Architecture, Engineering & Construction, Education, Telecom, Manufacturing, Oil & Gas, Retail, Transportation & Logistics), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Geospatial Analytics Market by Technology (Earth Observation, GIS, GNSS & Positioning, 3D Scanning), Deployment Mode (Cloud, On-premise), Enterprise Size (Large Enterprise, Small & Medium Enterprises), End-use ...
"The global geospatial analytics market was estimated at USD 76 billion in 2021 and is likely to grow at a CAGR of 11.78% during 2022-2028 to reach USD 167.39 billion by 2028."
Geospatial analytics collects geographical data and imagery from earth observation, GIS, GNSS & positioning, 3D scanning, satellite images, location sensors, social media, and mobile devices, creates data visualizations, and aids in the identification of people and place relationships. Geospatial analytics insights help organizations improve decision-making and develop targeted marketing strategies to increase lead generation. The advancements in artificial intelligence, machine learning, and big data technologies are driving the growth of the market.
Geospatial Analytics Market Report Overview
Market Size in 2028
USD 167.39 billion
Market Size in 2021
USD 76 billion
CAGR (2022-2028)
11.78%
Base Year of Study
2021
Trend Period
2016-2020
Forecast Period
2022-2028
The geospatial analyticsmarket is driven by a host of factors, some of which are noted below:
The increasing number of AI and ML-based GIS solutions, the development of smart cities and urbanization, advancements in big data analytics, and increased deployment of IoT sensors across locations.
5G communication technology advancement.
Even though 5G technology can collect highly accurate geospatial data, the deployment of 5G network services is expected to open up new opportunities for geospatial analytics vendors.
COVID-19 Impact
The COVID-19 pandemic has created enormous growth opportunities in the market. During the pandemic, the growing use of smart wearables, robots, and drones is assisting the growth of geospatial analytics solutions.
Segment Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Deployment Mode-Type Analysis
Cloud, On-premise
The cloud segment accounted for the largest market share.
Enterprise Size-Type Analysis
Large Enterprise, Small & Medium Enterprises
The small & medium enterprises segment accounted for the largest market share.
The security & defense sector accounted for the largest market share.
Regional Analysis
North America, Europe, Asia-Pacific, and the Rest of the World
North America accounted for the largest market share.
Deployment Mode Trends
"The cloud segmentaccounted for the largest market share."
The market has been classified into cloud & On-premise. Under these, the cloud segment accounted for a significant share of the market in 2021 & is expected to remain the largest segment during the forecast period.
Enterprise Size Trends
"The Small & Medium Enterprises segment accounted for the largest market share."
The market has been classified into large enterprises and small & medium enterprises. Under these, the Small & Medium Enterprises segmentheld a significant market share in 2021 & is estimated to grow at a robust CAGR during the forecast period. The increased adoption of cloud technologies leads to improved business performance, creating a demand for geospatial analytics in SMEs.
End-Use Trends
"The security & defense sector accounted for the largest market share."
The market has been bifurcated into security & defense, BFSI, media & entertainment, healthcare, architecture, engineering & construction, education, telecom, manufacturing, oil & gas, retail, transportation & logistics. Under these, the security & defense sector occupied the largest share of the market in 2021 & is estimated to remain dominant during the forecast period.
Regional Insights
"North America accounted for the largest market share."
North America accounted for the largest market share in 2021 and is expected to grow at a healthy CAGR during the review period. Geospatial analytics technologies are widely used in North American applications such as construction, agriculture, transportation, and utilities. The demand for real-time information and location-based services is expected to rise in the coming years, owing to the increased adoption of mobile GIS technologies, which will benefit the market in this region.
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Recent Developments:
On May 11, 2023, Google unveiled 'Geospatial Creator' at its I/O developer conference, allowing quick design and publishing of AR content using Unity and Adobe Aero. Utilizing ARCore and Photorealistic 3D Tiles, this tool simplifies real-world content placement, akin to Google Earth.
On January 31, 2023, NASA and Esri solidified a Space Act Agreement, broadening access to NASA's geospatial content, and incorporating data from 100 space sensors. Over 10 million ArcGIS and OGC format GIS software users will benefit.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Geospatial Analytics Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The geospatial analyticsmarket is segmented into the following categories-
By Technology
Earth Observation
GIS
GNSS & Positioning
3D Scanning
By Deployment Mode
Cloud
On-premise
By Enterprise Size
Large Enterprise
Small & Medium Enterprises
By End-use
Security & Defense
BFSI
Media & Entertainment
Healthcare
Architecture
Engineering & Construction
Education
Telecom
Manufacturing
Oil & Gas
Retail
Transportation & Logistics
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s geospatial analytics market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
LOADING
LOADING
×
Please enter your contact details. It will allow our analysts to reach out to you.
Geospatial analytics collects geographical data and imagery from earth observation, GIS, GNSS & positioning, 3D scanning, satellite images, location sensors, social media, and mobile devices, creates data visualizations, and aids in the identification of people and place relationships. Geospatial analytics insights help organizations improve decision-making and develop targeted marketing strategies to increase lead generation. The advancements in artificial intelligence, machine learning, and big data technologies are driving the growth of the market.
The key players operating in the market are Alteryx (US), Bentley Systems (US), CARTO (US), Descartes Labs (US), ESRI (US), Fugro (Netherlands), General Electric (US), Geospin (Germany), Google (US), Hexagon AB (Sweden), Mapidea (Portugal), MapLarge (US), Maxar Technologies (US), Oracle (US).
The increasing number of AI and ML-based GIS solutions, the development of smart cities and urbanization, advancements in big data analytics, and increased deployment of IoT sensors across locations are the major factors driving the growth of the market.
