USD 80.74 Bn growth expected in Geospatial Analytics Market — Driven by rising applications of geospatial data analytics in disaster management – QNT Press Release


NEW YORK, Aug. 26, 2022 /PRNewswire/ — The “Geospatial Data Analytics Market by Technology and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 80.74 billion between 2021 and 2026, expanding at a CAGR of 16.43% during the forecast period. The analysts at Technavio have considered various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report

The global geospatial data analytics market is fragmented and includes a substantial number of international players and a considerable number of small-scale players regionally. The market is at a developing stage, and companies must sustain themselves in the highly competitive market while catering to pricing and data accuracy requirements. Though new players are emerging in this market, they find it difficult to compete with international vendors in terms of functionalities, quality, features, and services. The competitive environment in this market will intensify with the increase in service extensions, technological technological innovations, and M&A activities. It is also anticipated that international players will grow inorganically during the forecast period by acquiring regional or local players.

The report identifies Alphabet Inc., Alteryx Inc., Autodesk Inc., Bentley Systems Inc., CartoDB Inc., Development Seed, Esri, Fugro NV, Garmin Ltd., General Electric Co., Geomap Co., Hexagon AB, International Business Machines Corp., L3Harris Technologies Inc., Maxar Technologies Inc., Pitney Bowes Inc., Porsche Automobil Holding SE, QlikTech international AB, SAP SE, TomTom International BV, Topcon Corp., and Trimble Inc. as some of the major market participants .

Although the rising applications of geospatial data analytics in disaster management will offer immense growth opportunities, data privacy and security will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast -growing segments, while maintaining their positions in the slow-growing segments.

The global geospatial analytics market is segmented as below:

  • Technology
    • GPS
    • GIS
    • Remote Sensing
    • Others

The GPS segment will account for the maximum share in the market over the forecast period. The segment is driven by the increasing adoption of GPS technology for precise positioning of geospatial data is driving the growth of the segment.

  • Geography
    • North America
    • Europe
    • APAC
    • The Middle East and Africa
    • South America

38% of the market growth will originate from North America during the forecast period. The increasing adoption of advanced technologies across industries and the expanding healthcare market are driving the growth of the geospatial analytics market in North America. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our geospatial analytics market report covers the following areas:

Geospatial Analytics Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the geospatial analytics market. Backed with competitive intelligence and benchmarking, our research reports on the geospatial analytics market are designed to provide entry support, customer profile, and M&As as well as go-to- market strategy support.

Geospatial Analytics Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist geospatial analytics market growth during the next five years
  • Estimation of the geospatial analytics market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the geospatial analytics market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of geospatial analytics market vendors
Related Reports:

Geospatial Analytics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 16.43%

Market growth 2022-2026

USD 80.74 billion

Market structure

Fragmented

YoY growth (%)

14.11

Regional analysis

North America, Europe, APAC, Middle…

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