Geospatial Analytics Market Is Projected To Expand At 15.0% CAGR By 2025 Owing To Increasing Usage of Smartphone And Devices With GPS Features | Million Insights

September 30 05:10 2021
Geospatial Analytics Market Is Projected To Expand At 15.0% CAGR By 2025 Owing To Increasing Usage of Smartphone And Devices With GPS Features | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global geospatial analytics industry research report offers thorough insights on type, component, application and trends. It also offers ready, data-driven answers to several industry-level questions.

The global geospatial analytics market size is anticipated to be USD 134,479.7 million by 2025, as per a new report published by Million Insights. The market is projected to register 15.0% of CAGR over the next seven years. The recent innovation in drone technology and UAVs have helped in easy monitoring of remote data with minimal human interference, thereby, offered a huge opportunity for the geospatial market to expand. Further, the growing use of smartphone and devices with GPS features are likely to drive the market growth.

Government initiatives such as smart city projects have led to the growing use of innovative technologies in 3-dimensional urban mapping, which, in turn, is proliferating the growth of the market. Location-based geospatial analytics helps in better decision making in case of occurrence of natural disasters. Further, leading oil & gas firms across the globe are using geospatial solutions to find out natural gas and crude oil. 

To download the sample PDF of Geospatial Analytics Market Report “please” click here: https://www.millioninsights.com/industry-reports/global-geospatial-analytics-market/request-sample 

 

With safety being the first priority, the automotive industry is widely deploying geospatial analytics. As per the U.S. Census Bureau nearly 85.7% of employees in the U.S, aged above 16, use the car, truck and van to commute. With over 125 million commuters on the road daily, the U.S faces stiff challenges in managing its transportation. 

North America was the leading player in 2018 owing to the presence of key players such as Google LLC, Harris Corporation, Pitney Bowes, Alteryx, Inc., and Digital Globe among others. Additionally, high penetration of leading technologies such as IoT, AI and cloud computing offers a lucrative opportunities for the market players to invest in the region. APAC, on the other hand, is projected to emerge as the highest growing region over the forecast duration owing to increasing demand from China, Japan and India. 

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/global-geospatial-analytics-market 

 

Further key findings from the report suggest:

• The service category is likely to be the fastest-growing segment over the forecast duration owing to the growing need for training, support and deployment.

• The network and location category is projected to grow at a significant rate owing to the growing deployment of this system in studying people movement in the retail store.

• Military intelligence division is anticipated to register the maximum growth due to the rise in the number of remote sensing satellite and growing use of UAVs.

• APAC is estimated to grow at the fastest pace over the forecast duration.

• Major players in the market are Trimble Inc., MapLarge, Oracle Corporation, RMSI, Digital Globe, Hexagon AB and Oracle Corporation among others.

Million Insights has segmented the global geospatial analytics market based on component, type, application, and region:

Geospatial Analytics Component Outlook (Revenue, USD Million, 2014 – 2025)

    • Software

    • Service

Geospatial Analytics Type Outlook (Revenue, USD Million, 2014 – 2025)

    • Surface & Field Analytics

    • Network & Location Analytics

    • Geovisualization

    • Others

Geospatial Analytics Application Outlook (Revenue, USD Million, 2014 – 2025)

    • Surveying

    • Medicine & Public Safety

    • Military Intelligence

    • Disaster Risk Reduction & Management

    • Marketing Management

    • Climate Change Adaption (CCA)

    • Urban Planning

    • Others

Geospatial Analytics Regional Outlook (Revenue, USD Million, 2014 – 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • U.K.

        • Germany

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

    • Middle East & Africa

Browse latest market research reports available with Million Insights:

• AI-based Clinical Trials Solution Provider Market: The global AI-based clinical trials solution provider market was prized by USD 1.1 billion in 2020. It is expected to observe 21.7% CAGR from 2021 to 2028.

• Intelligent Virtual Assistant Market: With reference to the report published, the global intelligent virtual assistant market was prized by USD 5.82 billion in 2020. It is estimated to witness a 28.5% CAGR from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-geospatial-analytics-market

view more articles

About Article Author