Global Geospatial Solutions Market Analysis 2022

Global Geospatial Solutions Market Analysis 2022

The Global Geospatial Solutions Market is expected to reach $859.31 billion by 2028 growing at a CAGR of 16.1% from 2021 to 2028. Geospatial technologies include Global Positioning Systems (GPS), Geographic Information Systems (GIS), imagery analysis, and remote sensing. Geospatial solution collects, manage, organize, and store data, pertaining to geographic information such as zip codes, addresses or latitudinal and longitudinal coordinates to a location. It uses data collected by satellites, digital and analog maps, and street and aerial imagery.

Factors such as rising advancements in geospatial technologies, development of the Gis industry using 3D, AR, and VR, and miniaturization of sensors are driving the growth of the market. However, lack of skilled workforce, integration complexities, and regulatory issues are restraining the growth of the market.

Based on technology, the geospatial analytics segment is going to have a lucrative growth during the forecast period which can be attributed to its important source of innovation, which is helping in solving the problems across talent, operations and marketing. In the future, geospatial analytics are expected to prove highly useful in bringing about a major organization wide transformation, changing the way business is conducted and data assimilation. Furthermore, geospatial analytics will likely prove useful in answering critical questions, especially with regard to where key customers are situated geographically.

The key vendors mentioned are Amazon, Apple, Baidu, Bentley, Geospatial Corporation, Google, Harris Corporation, Here Technologies, Hexagon Geospatial, IBM, Maxar Technologies, Microsoft, Oracle, Pitney Bowes, Snc-Lavalin, Telnav, Topcon Positioning Systems, and Trimble.

Components Covered:

• Service
• Hardware
• Software

Technologies Covered:

• Earth Observation
• 3D Scanning
• Geospatial Analytics
• Global Navigation Satellite System (GNSS) & Positioning

Applications Covered:

• Asset Management
• Geovisualization
• Planning & Analysis
• Surveying & Mapping

End Users Covered:

• Agriculture
• Banking, Financial Services and Insurance (BFSI)
• Citizen Services
• Defense and Internal Security
• Disaster Management
• Infrastructure
• Natural Resources
• Retail and Logistics
• Telecommunications
• Transportation
• Urban Development
• Utilities

Regions Covered:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:

• How this market evolved since the year 2020
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period