Geospatial Analytics Market Analysis
According to Verified Market Research, the Global Geospatial Analytics Market was valued at USD 40.45 billion in 2018 and is expected to reach a value of USD 131.15 billion by 2025 at a CAGR of 15.86% over the forecast period of 2018–2025.
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What is Geospatial Analytics Market?
Geospatial data is evidence that categorizes the geographic location and physiognomies of natural or constructed topographies and frontiers on the earth, usually embodied by points, lines, polygons, and/or complex geographic features. Geospatial Analytics can be described as data analytics based on these geospatial data or location. Geospatial analytics helps in unveiling trends and patterns that are otherwise indistinguishable through traditional visualization methods and helps in adding geographic context to geospatial data.
Global Geospatial Analytics Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Geospatial Analytics have various benefits such as prediction of altering spatial conditions or location-based events, location-based analysis, etc. With growing trends of the Internet of Things, IoT sensor networks are pushing the geospatial data rates even higher. Geospatial Analytics has numerous end-user industries such as defense, governmental use, etc. The use of big data analytics has also boosted the market for global geospatial analytics market. Apart from this, cybersecurity threats could be a potential restraint from the global market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Geospatial Analytics Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about the cutting-edge technologies in the market.
Global Geospatial Analytics Market Competitive Landscape
The “Geospatial Analytics Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Oracle, SAP, Alteryx, Hexagon AB, Digitalglobe, Trimble, Maxar Technologies, Maplarge and Harris Corporation. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Geospatial Analytics Market, By Type
• Surface & Field Analytics
• Network & Location Analytics
Global Geospatial Analytics Market, By Component
• Software & Solutions
Global Geospatial Analytics Market, By Application
• Medicine & Public Safety
• Disaster Risk Reduction & Management
• Climate Change Adaptation
Global Geospatial Analytics Market, By Vertical
• Utility & Communication
• Defense & Research
Global Geospatial Analytics Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World