The global geospatial analytics market size is expected to reach USD 134.23 Billion in 2028 and register a CAGR of 12.1% during the forecast period

SURREY, BRITISH COLUMBIA, CANADA, November 9, 2021 /EINPresswire.com/ -- The global Geospatial Analytics Market size is expected to reach USD 134.23 Billion in 2028 and register a CAGR of 12.1% during the forecast period, according to latest analysis by Emergen Research. Some major factors driving market revenue growth of the market are rising use of Artificial Intelligence (AI) and Machine Learning (ML) in geospatial analytics systems, rapid urbanization, rising number of government projects, and advancements in 5G communication technology. In June 2020, Alteryx introduced intelligence suite and analytics hub with an aim to boost the process of analytic automation. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Geospatial Analytics industry. Geospatial Analytics Market Size – USD 53.45 Billion in 2020, Market Growth – at a CAGR of 12.1%, Market Trends – Increase in number of government projects. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.

Global Geospatial Analytics Market – Overview:

In July 2020, ESRI added a new deployment option to ArcGIS Indoors and Space Planner and for ArcGIS Indoors Mobile in ArcGIS Pro, as part of June 2020 update. The report comprises a detailed analysis of the vital elements of the Geospatial Analytics market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. This system enables organizations to transform the analytic process digitally to drive business and achieve societal outcomes. The report entails an organized database of the Geospatial Analytics market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by emergenresearch, is a detail-oriented compilation of the crucial aspects of the Geospatial Analytics market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.

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Major companies operating in Intelligent power module are ESRI, Precisely, Oracle Corporation, Alteryx, Fugro N.V., Hexagon AB, RMSI, SAP, Trimble Navigation Ltd., and Maxar Technologies.

North America accounted for largest revenue share contributor in 2020 and is expected to increase further during the forecast period. This can be attributed to presence of key players in the region. Availability of advanced systems and modernized research facilities in countries in the region is also driving market growth. Rise in demand for location-based services and real-time information is another factor driving market growth.

Component Outlook (Revenue, USD Billion; 2018–2028)
Solutions
Services

Solution Outlook (Revenue, USD Billion; 2018–2028)
Geocoding and Reverse Geocoding
Data Integration and ETL
Reporting and Visualization
Thematic Mapping and Spatial Analysis
Others (DBMS and Data Storage Software)

Application Outlook (Revenue, USD Billion; 2018–2028)
Surveying
Medicine and Public Safety
Disaster Risk Reduction and Management
Climate Change Adaptation
Others (Supply Chain Planning and Optimization, Sales and Marketing Optimization, Predictive Asset Management, and Inventory Management)

Regional Overview:

The global Geospatial Analytics market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Geospatial Analytics market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Market Taxonomy:
Chapter 1: Methodology & Scope
• Definition and forecast parameters
• Methodology and forecast parameters
• Data Sources
Chapter 2:
Executive Summary
• Business trends
• Regional trends
• Product trends
• End-use trends
Chapter 3:
Industry Insights
• Industry segmentation
• Industry landscape
• Vendor matrix
• Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
• Business Overview
• Financial Data
• Product Landscape
• Strategic Outlook

Key questions addressed in the report:

What are the key factors driving the global Geospatial Analytics market?

Who are the key manufacturers in this market space?

Who are the distributors, traders and dealers of this market?

What are the market opportunities and risks affecting the performance of the vendors in the global Geospatial Analytics market?

What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

Read More: https://www.emergenresearch.com/industry-report/geospatial-analytics-market

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