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Home Press Releases

Geospatial Analytics Market worth $107.8 billion by 2026

admin by admin
June 16, 2022
in Press Releases
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(EMAILWIRE.COM, June 16, 2022 ) According to a research report “Geospatial Analytics Market by Component, Solution (Geocoding and Reverse Geocoding and Thematic Mapping and Spatial Analytics), Service, Type, Technology, Deployment Mode, Organization Size, Application, Vertical, and Region – Global Forecast to 2026″ published by MarketsandMarkets, The geospatial analytics market size is projected to grow from USD 59.5 billion in 2021 to USD 107.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. The major factors driving the growth of the geospatial analytics market include the increasing number of AI and ML based GIS solutions, development of smart cities and urbanization, advancement of big data analytics, and increased deployment of IoT sensors across locations.

Request Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=198354497

Based on solutions, Geocoding and Reverse Geocoding to lead the market during the forecast period

The geocoding and reverse geocoding solution segment is estimated to lead the geospatial analytics market during the forecast period. The geocoding and reverse geocoding solution helps businesses across verticals map coverage, acquire new customers, and identify competitors to determine prime target areas for promotional activities. The growing need to perform risk assessments using exact location information for making accurate analysis during natural calamities, such as earthquakes and floods, is driving the adoption of the geocoding and reverse geocoding solution in the geospatial analytics market.

Based on vertical, automotive segment to grow at the highest CAGR during the forecast period

Automotive players can use geospatial data to estimate the local demand for automotive vehicles. By mapping the distribution of existing and prospective customers, automotive companies can efficiently market and deliver automotive vehicles. The need to analyze the local demand for automotive vehicles is driving the demand for geospatial analytics in the automotive vertical.

Download PDF@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198354497

North America to hold the highest market size during the forecast period

North America is one of the most prominent regions in the geospatial analytics market. The demand for real-time information and location-based services is expected to increase in the coming years, owing to the increase in the adoption of mobile GIS technologies that will have a positive impact on the geospatial analytics market in this region. In addition, the presence of leading companies such as Trimble (US), L3Harris (US), Bentley Systems (US), ESRI (US), and Maxar Technologies (US) in this region is expected to propel the growth of the geospatial analytics market in this region.

ESRI (US), Google (US), (US), Oracle (US), Precisely (US), and SAP (Germany) are the key players in the geospatial analytics market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
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USA : 1-888-600-6441



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