The global geospatial analytics market size is expected to
reach USD 134,479.7 million by 2025, registering a CAGR of 15.0% from 2019 to
2025, according to a new study conducted by Grand View Research, Inc. Numerous
innovations and advancements in the drone technology and increasing deployment of
Unmanned Aerial Vehicles (UAVs) for remotely monitoring and gathering a large
number of location data with minimal human intervention are likely to unfold
new opportunities for market growth. Additionally, the increasing use of
GPS-enabled smartphones and devices is also anticipated to drive market growth.
Increasing smart city initiatives have
resulted in the growing need for innovative technologies for use in 3D urban
mapping; monitoring and mapping natural resources, agriculture, and utilities;
and disaster management. In case of natural disasters, location-based analytics
enables decision makers to take suitable actions. Moreover, major oil & gas
companies across the globe are increasingly deploying geospatial analytics
solutions to discover potential crude oil and natural gas deposits and to
monitor their vast pipeline network.
The use of geospatial technologies in
the automotive industry is increasing owing to the growing safety concerns
among passengers. According to data released by the U.S. Census Bureau, about
85.7 percent of the U.S. employees above 16 years of age commute to work in a
van, car, or truck, either by driving alone or via carpooling. With around 125
million people traveling by road every day, the U.S. transportation system
faces numerous challenges such as congested highways and fatal vehicle
collisions.
As per the National Highway Traffic
Safety Administration, it is estimated that on an average, 102 people die from
vehicle accidents every day. In an attempt to address this, automotive
manufacturers are focusing on implementing technologies such as IoT and
location-based services in vehicles to make driving safer and easier. The
commercialization of upcoming autonomous vehicles also heavily relies on the
integration of Geographic Information Science (GIS) and advanced geospatial
technology.
Browse full research report on Geospatial Analytics Market: https://www.grandviewresearch.com/industry-analysis/geospatial-analytics-market
Further key findings from the study suggest:
- The service segment is anticipated to emerge as the
fastest-growing component segment over the forecast period owing to the
increasing demand for deployment, training, and support services by
government and public safety agencies
- The network & location analytics segment is anticipated
to gain traction owing to the increasing use of network & location
analytics systems by companies for analyzing buying behavior and foot
traffic patterns as well as for studying behavior patterns in a
brick-and-mortar environment
- The military intelligence application segment is expected to
witness the highest growth over the forecast period owing to the rising
adoption of UAVs and increasing number of remote sensing satellites
- Asia Pacific is expected to register the highest CAGR from
2019 to 2025. Numerous smart city initiatives such as the ASEAN Smart
Cities Initiative are anticipated to fuel the demand for geospatial
analytics software in the region
- Key players operating in the geospatial analytics market
include Alteryx, Inc., DigitalGlobe, Fugro N.V., Hexagon AB, RMSI, SAP SE,
Trimble Inc., Maxar Technologies Inc., MapLarge, Harris Corporation,
Bentley Systems Incorporated, ESRI, General Electric Company, Oracle
Corporation, and Google LLC.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/geospatial-analytics-market/request/rs1
Grand View Research 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
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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