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The global Geospatial Analytics Market Size is expected to attain a market size of $79.8 billion by 2022, growing at a CAGR of 18.0% during the forecast period.
Geospatial analytics is a process of is of gathering, displaying, and manipulating imagery, GPS, satellite photography and historical data, which are described explicitly in terms of geographic coordinates or implicitly, in terms of a street address, postal code, or forest stand identifier. Geospatial analysts use filters to identify relevant data and then apply the output to conceptualize and visualize geographically sorted data to then conduct trend analysis, modeling, and predictions. The growing demand for geospatial analytics solutions along with artificial intelligence and simplification of geospatial data, are among the major drivers for the market growth. Additionally, the adoption of geospatial analytics solutions by governments and public safety organizations would further drive the market growth.
Based on the type, the Geospatial Analytics market is segmented into Surface Analytics, Network Analytics, Geo-visualization and others. Based on the technology, the market is segmented into Remote Sensing, GPS & GIS and Others. The Applications highlighted in this report include Surveying, Medicine & Public Safety, Disaster Risk Reduction & Management, Climate Change Adaptation and Others. The verticals covered under the report include Utility & Communication, Business, Government & Public Utilities, Natural Resource, Automotive, Defense & Intelligence and Others. Based on region, Geospatial Analytics market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. Europe remained the dominant region in the global Geospatial Analytics market in 2015. Asia-Pacific would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Geospatial Analytics market. Key companies profiled in the report include Trimble Navigation Ltd., Hexagon AB, Harris Corporation, Bentley Systems, Inc., General Electric (GE), Macdonald, Dettwiler & Associates, Ltd., Fugro N.V. and RMSI.
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