• Blog
  • Geospatial Analytics Market Analysis

    Geospatial Analytics Market Analysis

    Geospatial Analytics Market Analysis
    Report code - SR1884 Delivery - 2 Weeks
    Geospatial Analytics Market Size, Share, Trend, Forecast, & Industry Analysis: 20 See more...

    Market Insights

    The geospatial analytics market is estimated to grow from USD 76 billion in 2021 and is likely to grow at a CAGR of 11.78% during 2023-2028 to reach USD 167.39 billion by 2028.

    Want to get a free Sample? Register Here

    What is geospatial analytics?

    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

    Key Players

    The following key players are operating in the market -

    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.

    Market Dynamics

    The geospatial analytics market 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 growthof geospatial analytics solutions.

    Segment Analysis

    Deployment Mode Insights

    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 Insights

    The market has been classified into Large Enterprises, Small & Medium Enterprises. Under these, the Small & Medium Enterprises segment held 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 Insights

    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 Trends

    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.

    Want to get a free Sample? Register Here

    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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    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

     

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    Segmentation

    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 analytics market 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 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

    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.

    Frequently Asked Questions (FAQs)

    The geospatial analytics market is projected to grow at a CAGR of 11.78%during the forecast period.

    The geospatial analytics market is projected to grow from USD 76 billion in 2021 to 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.

    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.