The global geospatial analytics market is expected to grow at a significant rate during the forecast period. Technological advancements and advent of latest technologies such as IoT (Internet of Things), big data and artificial intelligence along with exaggerating requirement of this system among various business enterprises in developed as well as developing economies is expected to accentuate the growth of geospatial analytics market considerably across the globe.

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Geospatial analytics systems are used at the time of natural calamity along with in various industries such as mining, defense & government, infrastructural development, and agriculture in order to exploit existing possessions in an optimum manner.

The rapid increase in the adoption of the latest technologies and increasing demand for location-based services are the key trends observed in the growth of the geospatial analytics market, globally. The technologies such as spatial & biz analytics, location-enabled services, IoT, AR and VR are among a few technologies that are drastically emphasizing upon the need for geospatial analytics system.

The increasing upgradation of geospatial analytics with the help of artificial intelligence and big data analytics is the key factor that is driving the growth of the geospatial analytics market. The geospatial system in AI technology is observing rampant adherence due to the extensive adoption of geospatial data.

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The geospatial analytics market is fragmented and the key players operating in the market include DigitalGlobe, Alteryx, Fugro N.V., RMSI, Hexagon, SAP, Maxar Technologies, Trimble Navigation, MapLarge, Bentley Systems, Harris Corporation, ESRI, Pitney Bowes, General Electric Company, Oracle and Google.

Source: VynZ Research