Geospatial Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Geospatial Analytics Market The geospatial analytics market size was valued at USD 79.06 billion in 2023 and is projected to grow from USD 89.81 billion in 2024 to USD 262.73 billion by 2032, exhibiting a CAGR of 14.4% during the forecast period of 2024-2032.
Geospatial data analytics is a field that gathers, visualizes and manipulates various types of generated from GPS location sensors, smartphones, drones and satellite imagery. Geospatial data also help analyze organizations that study huge volumes of data that is demographic, environmental and topographic in nature. These datasets can make the data-driven decisions easily and conveniently.
The COVID-19 pandemic created significant impact on the Information & Communication Technology. The Geospatial data analytics helped the healthcare industry, government authorities, researchers and end users in assisting the data collection and used data analysis tool to help find the data of people across various countries. Therefore there as a huge surge in the demand of the geospatial analytics market growth.
The rapid advancements in the IoT, (Internet of Things) transformed the geospatial analytics market market share as the integration of smart technology such as smart phones, sensors, GPS tracking that generate precised data such as temperature, humidity, noise, radiation, location, proximity, images, and videos. This data is integrated into the geospatial analytics that provide complex research queries and also provide valuable insights.
The advancements in the web-based GIS platforms such as WebGL, HTML5, JavaScript deliver data and analysis by the means of web-browsers that enable users to access and analyze spatial information form remote location with high-speed internet connectivity that help in the expansion of geospatial analytics market share globally.
Comprehensive Analysis of Geospatial Analytics Market
The geospatial analytics market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the information and communication technology. These segmentations are methodically segregated By Component, By Solution, By Deployment , By Enterprise Type, By Application, By End-user. The by Components include Solution and Services. By Solutionincludes, Data Integration and ETL, Geocoding and Reverse Geocoding, Thematic Mapping & Spatial Analysis, and Others. By Deployment include On-Premises and Cloud. By Enterprise Type include, Large Enterprises and Small and Medium Enterprises. By Application include Disaster Management and Risk Reduction, Public Safety and Medicine Delivery and Others. By End-user include Defense and Internal Security, Retail & Logistics, Healthcare & Life Sciences, and Others.
The region of North America lead the geospatial analytics market by benefitting a market size of USD 27.47 Billion in 2023 due to the rise ofArtificial Intelligence (AI) AI, Machine Learning (ML) techniques and gaining précised location based data.
The top players in the market play a crucial role in the information and communication technology are assuring industrial prospectus, growth and are setting market standards. These players include Esri Global, Inc. (U.S.) Trimble Inc. (U.S.) HERE Global B.V. (Netherlands) Alphabet Inc. (Google LLC) (U.S.) Oracle Corporation (U.S.) Precisely Holdings, LLC (U.S.) Alteryx, Inc. (U.S.) Hexagon AB (Sweden) Microsoft Corporation (U.S.) TomTom International B.V. (Netherlands) these market players provide a level-playing competitive landscape.
In February 2024: A Geographic Information System (GIS) technology provider company, Placer.ai and Esri, presented a new developmental breakthrough to empower the analytics capabilities and partnered to integrate the consumer behavior analysis of customers. This agreement will enhance further features and will foster collaborations through the respective offerings of products.
“Unable to copy paste Table”
Attribute Details
Study Period 2019 - 2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024 – 2032
Historical Period 2019 - 2022
Growth Rate CAGR of 14.4% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Component
Solution
-Data Integration and ETL
-Geocoding and Reverse Geocoding
-Thematic Mapping & Spatial Analysis
-Reporting & Visualization
-Others (Network Analysis, Geovisualization, Etc.)
Services
By Deployment
On-Premises
Cloud
By Enterprise Type
Large Enterprises
Small and Medium Enterprises
By Application
Disaster Management and Risk Reduction
Public Safety and Medicine Delivery
Surveying
Climate Change Adaptation
Others (Sales & Marketing Optimization, Supply Chain Management, Etc.)
By End-user
Defense and Internal Security
Retail & Logistics
Government
Banking, Financial Services and Insurance (BFSI)
Energy & Utilities
Agriculture
Healthcare & Life Sciences
Infrastructure & Urban Development
Others (Education, Media & Entertainment, Etc.)
By Region
North America
-U.S. (By Application)
-Canada (By Application)
-Mexico (By Application)
South America
-Brazil (By Application)
-Argentina (By Application)
-Rest of South America
Europe
-U.K. (By Application)
-Germany (By Application)
-France (By Application)
-Italy (By Application)
-Spain (By Application)
-Russia (By Application)
-Benelux (By Application)
-Nordics (By Application)
-Rest of Europe
Middle East & Africa
-Turkey (By Application)
-Israel (By Application)
-GCC (By Application)
-South Africa (By Application)
-North Africa (By Application)
-Rest of Middle East & Africa
Asia Pacific
-China (By Application)
-Japan (By Application)
-India (By Application)
-South Korea (By Application)
-ASEAN (By Application)
-Oceania (By Application)
-Rest of Asia Pacific