Geospatial Analytics Market by Type (Geovisualization, Network & Location Analytics, Surface & Field Analytics), Component (Services, Solution), Application, Industry - Global Forecast 2024-2030
Description
Geospatial Analytics Market by Type (Geovisualization, Network & Location Analytics, Surface & Field Analytics), Component (Services, Solution), Application, Industry - Global Forecast 2024-2030
The Geospatial Analytics Market size was estimated at USD 50.67 billion in 2023 and expected to reach USD 58.83 billion in 2024, at a CAGR 17.71% to reach USD 158.72 billion by 2030.
Geospatial analytics harnesses the power of spatial data by gathering, displaying, and manipulating imagery, satellite photography, and historical data, which are tied to a location-based datum. The insights gained from geospatial analytics can support decision-making across various domains, including environmental management, urban planning, logistics, marketing, and disaster response. The increasing utilization of location-based data, the proliferation of artificial intelligence (AI) in data analytics, and advancements in satellite imagery have improved the demand for geospatial analytics across various end-use industries. Natural resource companies, including oil & gas, mining, and forestry, can monitor and manage resources effectively with spatial analysis for sustainability and environmental protection. However, data privacy and security concerns, high initial setup costs for new entrants, and the requirement of skilled professionals to interpret complex spatial data pose notable challenges for deploying geospatial analytics. Nevertheless, adopting cloud-based geospatial solutions, integrating with the Internet of Things (IoT) devices to enhance connectivity and data collection, and using unmanned aerial vehicles (UAVs) for in-depth spatial analysis presents new possibilities for the geospatial analytics market in the coming years.
Regional Insights
The Americas showcase a diverse and mature geospatial analytics market owing to the presence of tech-savvy end-users with a high adoption rate of geospatial technologies for various applications such as navigation, ride-sharing, and precision agriculture. The significant investments in geospatial research and development are geared towards embracing smart technologies in the Americas. In the European Union, privacy regulations significantly impact geospatial data collection and use. Consumers exhibit heightened awareness and concerns for data privacy in geospatial applications in the EU. The Middle East and Africa adopt geospatial analytics highly, particularly for infrastructure development, urban planning, and resource management. In Africa, geospatial analytics aid in agricultural development and disease tracking. The Asia-Pacific region is home to fast-growing economies with diverse consumer behavior. The region demonstrates vital government-led initiatives in infrastructure and urban planning. The Asia-Pacific’s geospatial analytics market is expanding, particularly in mobile mapping and location-based services, due to ongoing public-private partnerships for advancements, focusing on rural development and urban planning.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Geospatial Analytics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Investment in Smart Cities and Urban Planning
- Surge in Demand for AI-Based GIS & Geospatial Solutions
- Deployment of IoT Sensors in Various Applications
- Market Restraints
- High Cost of Services & Solutions Associated with Geospatial Analytics
- Market Opportunities
- Increasing Deployment of 5G Communications Technology
- Advanced Technologies Such as AR and VR for Geographical Mapping
- Market Challenges
- Lack of Awareness Related to the Benefits of Geospatial Analytics
- Market Segmentation Analysis
- Type: Wide adoption of geospatial analytics for network and location analytics for optimizing logistics, and managing supply chains
- Application: Increasing usage of geospatial analytics for disaster risk reduction and management applications
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Geospatial Analytics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Geospatial Analytics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Placer.ai and Esri Partner to Deliver Geospatial Analytics
Placer.ai and Esri entered a strategic partnership to advance analytics by integrating consumer behavior insights with geospatial intelligence. This collaboration promises to revolutionize site-specific and trade area analysis, enabling users to make quicker, more informed decisions and improve business outcomes. By combining the power of Esri's ArcGIS with Placer.ai's location analytics, retail, and commercial property sector stakeholders gain access to unparalleled visualization and decision-making tools.
Hayden AI Raises USD 53 Million in Series B to Accelerate Global Expansion of AI-Powered Geospatial Analytics
Hayden AI finalized a USD 53 million Series B investment, surpassing funding targets with the backing of the Drawdown Fund, an investor committed to supporting climate change solutions. Specializing in AI and geospatial analytics, Hayden AI aims to redefine urban mobility and public service delivery through its advanced data intelligence applications. Anchored by this new financial influx, Hayden AI is poised to venture into international markets, heralding a new epoch of intelligent mobility solutions.
Jakala Acquires Roibox Geospatial Analytics Platform
Jakala strategically acquired Riga-based geospatial analytics pioneer Roibox. This move underpins Jakala's objective to expand as a globally dominant, integrated marketing service provider, enhancing its portfolio with geographic data analysis capabilities. This acquisition sets the stage for Jakala to offer unparalleled omnichannel strategies tailored to each brand's unique footprint, thereby ushering in a new era of tailored, outcome-driven advertising solutions.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Geospatial Analytics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Geospatial Analytics Market, highlighting leading vendors and their innovative profiles. These include ALTERYX, Inc., AtkinsRéalis, Autodesk, Inc., Bentley Systems, Inc., Descartes Labs, Inc., Environmental Systems Research Institute, Inc., Fugro, General Electric Company, Geoscience Consulting, LLC, Geospin GmbH, Google, LLC by Alphabet Inc., Hexagon AB, Intermap Technologies, Inc., L3Harris Technologies, Inc., Locana Group, Lockheed Martin Corporation, Mapidea, Consultoria em Geografia S.A., MapLarge, Inc., Maxar Technologies Holdings Inc., Orbital Insight, Inc., Pitney Bowes Inc., Precisely, RMSI Private Limited, SAP SE, Supergeo Technologies Inc., Topcon Corporation, Trimble Inc., Variac Systems Pvt. Ltd., Woolpert, Inc., and Zillion Info.
Market Segmentation & Coverage
This research report categorizes the Geospatial Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Geovisualization
- Network & Location Analytics
- Surface & Field Analytics
- Component
- Services
- Consulting
- Integration & Deployment
- Support & Maintenance
- Solution
- Data Integration & ETL
- Geocoding & Reverse Geocoding
- Reporting & Visualization
- Thematic Mapping & Spatial Analysis
- Application
- Climate Change Adaptation
- Disaster Risk Reduction & Management
- Marketing Management
- Medicine & Public Safety
- Military Intelligence
- Surveying
- Urban Planning
- Industry
- Automotive
- Defense & Intelligence
- Energy & Utilities
- Government
- Insurance
- Natural Resources
- Smart Cities
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Services
- Market Drivers
Table of Contents
190 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Investment in Smart Cities and Urban Planning
- 5.1.1.2. Surge in Demand for AI-Based GIS & Geospatial Solutions
- 5.1.1.3. Deployment of IoT Sensors in Various Applications
- 5.1.2. Restraints
- 5.1.2.1. High Cost of Services & Solutions Associated with Geospatial Analytics
- 5.1.3. Opportunities
- 5.1.3.1. Increasing Deployment of 5G Communications Technology
- 5.1.3.2. Advanced Technologies Such as AR and VR for Geographical Mapping
- 5.1.4. Challenges
- 5.1.4.1. Lack of Awareness Related to the Benefits of Geospatial Analytics
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Wide adoption of geospatial analytics for network and location analytics for optimizing logistics, and managing supply chains
- 5.2.2. Application: Increasing usage of geospatial analytics for disaster risk reduction and management applications
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 6. Geospatial Analytics Market, by Type
- 6.1. Introduction
- 6.2. Geovisualization
- 6.3. Network & Location Analytics
- 6.4. Surface & Field Analytics
- 7. Geospatial Analytics Market, by Component
- 7.1. Introduction
- 7.2. Services
- 7.3. Solution
- 8. Geospatial Analytics Market, by Application
- 8.1. Introduction
- 8.2. Climate Change Adaptation
- 8.3. Disaster Risk Reduction & Management
- 8.4. Marketing Management
- 8.5. Medicine & Public Safety
- 8.6. Military Intelligence
- 8.7. Surveying
- 8.8. Urban Planning
- 9. Geospatial Analytics Market, by Industry
- 9.1. Introduction
- 9.2. Automotive
- 9.3. Defense & Intelligence
- 9.4. Energy & Utilities
- 9.5. Government
- 9.6. Insurance
- 9.7. Natural Resources
- 9.8. Smart Cities
- 10. Americas Geospatial Analytics Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Geospatial Analytics Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Geospatial Analytics Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Placer.ai and Esri Partner to Deliver Geospatial Analytics
- 13.3.2. Hayden AI Raises USD 53 Million in Series B to Accelerate Global Expansion of AI-Powered Geospatial Analytics
- 13.3.3. Jakala Acquires Roibox Geospatial Analytics Platform
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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