Market Overview.
The global Geospatial Analytics Market is growing continually. The market growth attributes to heavy investments in data analytics. Digital tools for predictive modelling, pricing, and risk selection are the top priorities earmarked for investment in 2021. Other high-priority areas include real-time underwriting performance monitoring and management as well as spending on third-party data sources.
Besides, the increasing adoption of geospatial mapping to scale out digital streaming services boosts the market size. Simultaneously, advances in analytical capabilities in global positioning and geographic information systems escalate the market's growth. According to Market Research Future (MRFR), the global geospatial analytics market is projected to reach exponential valuation by 2027, registering a significant CAGR during the forecast period (2020-2027)
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Competitive Analysis:
Players leading the global geospatial analytics market include Trimble Navigation Ltd. (U.S.), IBM Corporation (U.S.), ESRI (U.S.), MDA (Canada), General Electric (U.S.), Fugro N.V. (Netherlands), RMSI (India), Hexagon AB (Sweden), Alteryx (U.S.), Harris Corporation (U.S.), Bentley Systems, Inc. (U.S.), DigitalGlobe, Inc. (U.S.), and Transerve technologies (India), among others.
Segmental Overview:
The report is segmented into components, types, technology, application, end-users, and regions. The component segment is sub-segmented into services and software. The service segment is bifurcated as professional and managed services. Professional services are further segregated into consulting, training, and other services. The type segment is sub-segmented into surface analytics, network analytics, geo-visualization, and others.
The technology segment is sub-segmented into photogrammetric, LiDAR Technology, 3D laser scanning, remote sensing, global positioning system (GPS), geographic information system (GIS), and others. The application segment is sub-segmented into land administration, survey solutions, mobile mapping, and others.
The end-user segment is sub-segmented into agriculture, construction & real estate, energy, forestry, marine & mining, retail, transportation & logistics, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Regional Analysis:
North America leads the global geospatial analytics market. The region is home to advanced communication technology providers with strong data mapping and data integration services, impacting the market growth. Besides, high investments in developing cloud-based solutions and other related technologies increase the geospatial analytics market size. Also, the increasing adoption of these analytics and emerging networking technologies attributes to the largest market share.
The APAC geospatial analytics market is gradually growing promisingly. The market growth is driven by the rising demand for home-based solutions and technological advantages. Additionally, the increasing adoption of GPS and GIS technologies for various applications, including land administration, survey solutions, mobile mapping, and others, influence the region's market share.
Industry News
The global Geospatial Analytics Market Research Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Geospatial Analytics Market Research Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Geospatial Analytics Market Research Size for the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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