The size of the global geospatial analytics market was USD 56.88 billion in 2020, and it is anticipated to increase at a CAGR of 12.8% between 2021 and 2028, rising from USD 63.61 billion to USD 147.58 billion. According to our analysis, the global market experienced a notable increase of 11.7% in 2020 compared to year-over-year growth between 2017 and 2019. The market size for various geospatial solutions, including spatial analysis and thematic mapping, geocoding and revere geocoding, data integration, and ETL tools, is included. Geospatial analytics solutions experienced a positive demand shock across all regions during the pandemic, demonstrating the unprecedented and staggering impact of COVID-19 on the world. The demand and growth of this market, which will eventually reach pre-pandemic levels once the pandemic is over, is what is responsible for the steady increase in CAGR.
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DEMANDING INDUSTRY PLAYERS
Alteryx, Microsoft Corporation, Bentley Systems, Inc., CARTO, Descartes Labs, Inc., Google LLC (Alphabet Inc.), Pitney Bowes, TomTom, Fugro, Here Technologies, Zebra Technologies Corporation, and other market players are concentrating on creating and providing various GIS and mapping solutions. Companies are being forced to adopt various business strategies as a result of the intense market competition in order to maximize their market share.
The companies that follow are a few of the significant businesses profiled:
Alteryx (California, U.S.)
Microsoft Corporation (New Mexico, U.S.)
Bentley Systems, Incorporated (Pennsylvania, U.S.)
CARTO (New York, U.S.)
Descartes Labs, Inc. (New Mexico, U.S.)
Esri (California, U.S.)
Google LLC (Alphabet Inc.) (California, U.S.)
Pitney Bowes (Connecticut, U.S.)
TomTom (Amsterdam, Netherlands)
Fugro (Leidschendam, Netherlands)
The "Geospatial Analytics Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.
SCOPE AND SEGMENTATION ASSOCIATED WITH THE REPORT
By Application:
Disaster Management and Risk Reduction
Public Safety and Medicine Delivery
Surveying
Climate Change Adaptation
Others (Sales & Marketing Optimization and Supply Chain Management)
By End-use:
Defense and Internal Security
Retail & Logistics
Government
Banking, Financial Services and Insurance (BFSI)
Energy & Utilities
Agriculture
Infrastructure & Urban Development
Healthcare & Life Sciences
Others (education, media, and entertainment)
By Region
(The United States and Canada)
Europe (the United Kingdom, Germany, France, Italy, and the rest of the continent)
Asia-Pacific (including Southeast Asia, China, India, Japan, and the rest of the region)
Latin America (including Brazil, Mexico, and the remainder of the region)
South Africa, the Gulf Cooperation Council, and the rest of the Middle East and Africa
The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, and development trends, as well as market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering short- and long-term market forecasts, the study provides an analytical stance on the pertinent global market sector.
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What insights does the Geospatial Analytics Market report provide to readers?
Geospatial Analytics Market Fragmentation Based on Product Type, End User, and Region
Comprehensive assessment of upstream starting materials, downstream demand, and the present market landscape.
Collaborations, R&D projects, acquisitions, and product launches of each Geospatial Analytics Market player
The various rules governments have placed on using the Geospatial Analytics Market are described in detail.
The inspirations for investing in this report
The research provides a detailed market overview by defining, describing, and classifying it.
The study includes the SWOT analysis and business plans of each vendor in the industry.
The report provides in-depth analyses of current market trends, trend forecasts, and growth drivers.
The study thoroughly analyzes the business's competitive landscape and significant market strategies.
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