Geospatial Analytics Market Report by Component (Solution, Services), Type (Surface and Field Analytics, Network and Location Analytics, Geovisualization, and Others), Technology (Remote Sensing, GIS, GPS, and Others), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), Deployment Mode (On-premises, Cloud-based), Vertical (Automotive, Energy and Utilities, Government, Defense and Intelligence, Smart Cities, Insurance, Natural Resources, and Others), and Region 2024-2032
The global geospatial analytics market size reached US$ 101.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 298.7 Billion by 2032, exhibiting a growth rate (CAGR) of 12.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 101.9 Billion
Market Forecast in 2032
US$ 298.7 Billion
Market Growth Rate (2024-2032)
12.3%
Geospatial analytics refers to the analysis of geological data obtained from maps, graphs, statistics and cartograms for the representation of features or objects on the surface of the Earth. It involves the use of the global positioning system (GPS), 3D scanners, geotagging, location sensors, social media platforms, mobile devices and satellite imaging solutions for surface analysis, network analysis and geovisualization. Geospatial analytics adds timing and location to the real-time geospatial data and provides accurate insights through visual patterns and images. It is also used in geographic information systems (GIS) for weather modeling, population forecasting and monitoring of retail sales trends. As a result, it finds extensive applications for disaster management, urban planning and development and natural resource exploration.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Geospatial Analytics Market Trends:
The increasing development of smart cities across the globe is one of the key factors driving the growth of the market. Moreover, the widespread adoption of geospatial analytics for defense and military applications is providing a thrust to the market growth. With the rising instances of military tensions, defense organizations are increasingly adopting geospatial analytics for enhanced situational awareness and satellite monitoring of troops and enemy movements. In line with this, as the coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the demand for geospatial analytics for tracking the disease and monitoring the affected areas. Additionally, various technological advancements, such as the integration of connected devices with artificial intelligence (AI) and machine learning (ML) solutions, are acting as other growth-inducing factors. These technologies aid in image classification, object detection, semantic segmentation and instance segmentation. Other factors, including significant improvements in the 5G infrastructure, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global geospatial analytics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type, technology, enterprise size, deployment mode, and vertical.
Breakup by Component:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Solution
Services
Breakup by Type:
Surface and Field Analytics
Network and Location Analytics
Geovisualization
Others
Breakup by Technology:
Remote Sensing
GIS
GPS
Others
Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Vertical:
Automotive
Energy and Utilities
Government
Defense and Intelligence
Smart Cities
Insurance
Natural Resources
Others
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alteryx Inc., Descartes Labs Inc, Environmental Systems Research Institute Inc., General Electric Company, Hexagon AB, Oracle Corporation, Orbital Insight Inc., SAP SE, Sparkgeo, TomTom N.V., Trimble Inc. and Ubimo Ltd. (Quotient Technology).
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Component, Type, Technology, Enterprise Size, Deployment Mode, Vertical, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Alteryx Inc., Descartes Labs Inc, Environmental Systems Research Institute Inc., General Electric Company, Hexagon AB, Oracle Corporation, Orbital Insight Inc., SAP SE, Sparkgeo, TomTom N.V., Trimble Inc. and Ubimo Ltd. (Quotient Technology)
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global geospatial analytics market was valued at US$ 101.9 Billion in 2023.
We expect the global geospatial analytics market to exhibit a CAGR of 12.3% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for geospatial analytics solutions for tracking and monitoring the disease affected areas, as a precautionary measure to combat the spread of coronavirus infection across several nations.
The rising instances of terrorist attacks, along with the growing adoption of geospatial analytics across the defense and military industry for enhanced situational awareness and satellite monitoring of troops and enemy movements, are primarily driving the global geospatial analytics market.
Based on the component, the global geospatial analytics market has been divided into solution and services. Currently, solution exhibits a clear dominance in the market.
Based on the type, the global geospatial analytics market can be bifurcated into surface and field analytics, network and location analytics, geovisualization, and others. Among these, network and location analytics currently hold the majority of the total market share.
Based on the technology, the global geospatial analytics market has been segregated into remote sensing, GIS, GPS, and others. Currently, GPS accounts for the largest market share.
Based on the enterprise size, the global geospatial analytics market can be categorized into large enterprises and small and medium-sized enterprises. Among these, large enterprises hold the majority of the global market share.
Based on the deployment mode, the global geospatial analytics market has been segmented into on-premises and cloud-based, where cloud-based currently exhibits a clear dominance in the market.
Based on the vertical, the global geospatial analytics market can be bifurcated into automotive, energy and utilities, government, defense and intelligence, smart cities, insurance, natural resources, and others. Currently, the defense and intelligence sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global geospatial analytics market include Alteryx Inc., Descartes Labs Inc, Environmental Systems Research Institute Inc., General Electric Company, Hexagon AB, Oracle Corporation, Orbital Insight Inc., SAP SE, Sparkgeo, TomTom N.V., Trimble Inc., and Ubimo Ltd. (Quotient Technology).
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