Geospatial Analytics Market was valued at US$ 62.20 Bn. in 2021. Global Geospatial Analytics Market size is estimated to grow at a CAGR of 11.01%. The market is expected to reach a value of US $ 143.46 Bn in 2029.
Geospatial Analytics Market Dynamics:
The process of analysing geological data derived from graphs, maps, cartograms, and statistics for the representation of objects or features on the surface of the Earth is known as geospatial analytics. For surface analysis, geo-visualization, and network analysis, geospatial analytics uses 3D scanners, GPS, geotagging, social media platforms, location sensors, mobile devices, and satellite imaging solutions.
Applications for disaster management have increased over the past ten years with the adoption of geographic-based information systems, including monitoring of climate change, forest fire management, flood management, and carbon management. This technology is widely used by governments in developed nations like the USA, China, India, and Brazil for disaster management.
Geospatial Analytics Market Overview:
To determine the overall size of the Geospatial Analytics market by countries and segments, the research conducted a micro-level examination of each country. The size of the regional and global markets is calculated using a bottom-up strategy. In the secondary research and analysis of the same, both paid and unpaid databases are utilised. The supply and consumption information for each participant is gathered from official government databases, third-party databases, and, in the case of publicly traded enterprises, the company's annual reports. If annual reports from firms are not made public, they may be obtained through the local government's tax division.
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Geospatial Analytics Market Research methodology:
Top-down and bottom-up approaches are used to estimate and validate the size of the worldwide Geospatial Analytics market. To compile a comprehensive list of functional and pertinent players, players closely adhere to various industry classification criteria. In order to identify the most relevant competitors for the survey in the Geospatial Analytics market, a rigorous validation test is also conducted. With the use of paid databases like Factiva, Bloomberg, etc., priority lists are ordered according to revenue generated based on most recent reporting.
Lastly, the questionnaire was established and particularly created to satisfy all requirements for gathering primary data via previous appointment, focusing on the principal target categories, including This assists us in gathering information on, among other things, player revenue, operational cycle and spending statistics, profit, and product or service growth. The majority of the data—roughly 70–80 percent—is gathered through primary media and then verified using a variety of secondary sources, such as authorities, the World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, etc.
Geospatial Analytics Market Segment:
Type, component, solution, services, technology, deployment mode, vertical, and application are the different market segments for geospatial analytics globally.
In 2021, the solution segment dominated the geospatial analytics market globally.
The solution segment, with a market share of nearly 67.89% in 2021, had the highest component share. Organizations are using tools like geocoding and reverse geocoding, data integration and ETL, reporting and visualisation, thematic mapping, and spatial analysis to analyse and put into practise critical business environment change strategies.
In terms of solutions, the geocoding and reverse geocoding market is anticipated to expand at the highest CAGR of 12.5% between 2022 and 2029 as a result of expanding satellite programmes and quickening urbanization.
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Geospatial Analytics Market Key players:
Geospatial Analytics Market COVID 19 Impact:
The three primary ways that COVID-19 can impact the global economy are direct changes in supply and demand, market and supply chain disruptions, and economic impacts on businesses and financial markets. Our researchers, who are monitoring the situation globally, predict that the market will present producers with enticing opportunities following the COVID-19 issue. The purpose of the report is to emphasise the sector-wide effects of the current environment, the economic slump, and COVID-19 in more detail.
Geospatial Analytics Market Regional Analysis:
On the basis of geography, the Geospatial Analytics market is segmented into 5 main regions and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively.
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Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bevera
Geospatial Analytics Market , Geospatial Analytics Market Size , Geospatial Analytics Market Share
Nov 23, 2022
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