Geospatial Analytics Market Research Report - Forecast to 2027

Global Geospatial Analytics Market Research Report – by Component (Services & Software), Technology (Photogrammetric, LiDAR, Remote Sensing), Type (Surface, Network), application (land administration, survey solutions) and End-users - Forecast till 2027

ID: MRFR/ICT/4345-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


The geospatial analysis is the process of collecting, displaying, and manipulating the imagery, satellite images with respect to the geographic coordinates explicitly.  Whereas, the data collected in terms of a street address, postal code, or forest stand identifier together applied to geographic models. The geospatial analysis has been evolved through the implementation of geographic information system (GIS) which is used to forecast, coordinate, and gather all types of natural phenomena affecting the earth crust including inhabitants and their man-made system. Companies such as IBM Corporation, General Electric, Hexagon AB, Alteryx, and many more are involved in the geospatial analytics market.


Geospatial analytics are widely used in various commercial applications which include crisis management, land surveys, climate change, weather forecasting, human population forecasting, animal population management and many more. There are many technologies which are involved in geospatial analytics such as GPS, GIS, LiDAR technology, remote sensing, and many more. These technologies help to provide real-time information for the business enterprises for making a business decision and deploy their various services in different industry verticals such as agriculture, energy, and power, manufacturing, automotive and Others. However, surging demand for geospatial analytics consolidated with artificial intelligence and commercialization of geospatial data are expected to be driving factors for the growth of geospatial analytics market over the forecast period.


The Global Geospatial Analytics Market, 2017-2023 (USD Billion)


 Geospatial Analytics Market


Source: MRFR Analysis


The global Geospatial Analytics Market is expected to reach approximately USD 95 billion by 2023 growing at a 19% CAGR over the forecast period 2017-2023


Key Players


Some of the key players of Geospatial Analytics Market  include IBM Corporation (U.S.), Trimble Navigation Ltd. (U.S.), ESRI (U.S.), General Electric (U.S.), MDA (Canada), Fugro N.V. (Netherlands), and RMSI (India), Alteryx (U.S.), Hexagon AB (Sweden), Harris Corporation (U.S.), DigitalGlobe, Inc. (U.S.), Bentley Systems, Inc. (U.S.), and Transerve technologies (India).


Segmentation


The geospatial analytics market is differentiated by component, type, technology, application, and end-user.


By component, the geospatial analytics market is sub-segmented as services and software. On the basis of services, the market is sub-segmented into professional services and managed services. The professional services are further segregated into consulting services and training services. Additionally, by the type, the market is classified as surface analytics, network analytics, geo-visualization. Furthermore, on the basis of technology, the market is sub-divided into photogrammetric, LiDAR Technology, 3D laser scanning, remote sensing, a global positioning system (GPS), geographic information system (GIS), and others.


By application, the market is sub-divided into land administration, survey solutions, mobile mapping and others. Lastly, on the basis of end-user, the market is differentiated into agriculture, construction & real estate, energy, forestry, marine & mining, retail, transportation & logistics, and others.


Regional Analysis


Geographically, the geospatial analytics market is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.


Europe is presumed to have significant growth in the geospatial analytics market. The  United Kingdom, Germany, and France are leading countries in the region. This is due to increase in demand for the geospatial technology for the safety and security applications for the automotive and aerospace sectors. Asia Pacific is also anticipated to be the fastest growing region in the geospatial analytics market over the forecast period. India, Japan, South Korea and China are the leading countries in the geospatial analytics market. This is due to greater in demand for the geospatial technology in real estate sector for developing smart cities.


 Target Audience


Associations & Industry Bodies


Cloud Service Providers


Technology Consultants


Value Added Resellers


Satellite Service Providers


Research Firms


Government Bodies, regulatory Firms



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 95 Billion (2023)
  CAGR   19% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Component, Technology
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   IBM Corporation (U.S.), Trimble Navigation Ltd. (U.S.), ESRI (U.S.), General Electric (U.S.), MDA (Canada), Fugro N.V. (Netherlands), and RMSI (India), Alteryx (U.S.), Hexagon AB (Sweden), Harris Corporation (U.S.), DigitalGlobe, Inc. (U.S.), Bentley Systems, Inc. (U.S.), and Transerve technologies (India)
  Key Market Opportunities   The augmenting demand for geospatial analytics combined with artificial intelligence is expected to pave the way for growth in the forecast period.
  Key Market Drivers   Surging demand for geospatial analytics consolidated with artificial intelligence and commercialization of geospatial data are expected to be driving factors for the growth of geospatial analytics market over the forecast period.


Frequently Asked Questions (FAQ) :


A USD 95 billion income is expected to be realized by the market by 2023.

Network analytics, surface analytics, and geo-visualization are a few of the offerings present in the market.

Fugro N.V. (Netherlands), MDA (Canada), RMSI (India), Alteryx (U.S.), Harris Corporation (U.S.), and Hexagon AB (Sweden) are the players in the market.

The augmenting demand for geospatial analytics combined with artificial intelligence is expected to pave the way for growth in the forecast period.