PUBLISHER: Allied Market Research | PRODUCT CODE: 1179573
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179573
Geospatial refers to any type of data related to a geographic location. Geospatial data is usually procured from remote sensing, satellites, and global positioning systems (GPS). Geospatial solutions utilize geospatial data, gathered through geospatial technology such as geographic information system (GIS), global positioning system and RS (remote sensing) to set-up geospatial data models and solutions across several sectors. They integrate real-time communication, sensors, apps, field, and back-office processing, modeling, and analytics to provide productive workflow, high-quality, and data exchange to drive productivity, efficiency, and safety.
Key players operating in the geospatial solutions industry are introducing new and improved hardware solutions such as laser scanners for geospatial applications, which fuels growth of the market. For instance, in 2022, Trimble introduced Trimble X12 3D Laser scanning system for geospatial applications. The X12 integrates intuitive Trimble software for precise data capture and in-field registration with state-of-the-art 3D laser scanning and imaging hardware technology from Zoller+Frohlich.
Growth of the global geospatial solutions market is attributed to increase in penetration of artificial intelligence based geographic information system (GIS), and increase in use of location-based services integrated with geographic information system. However, lack of awareness regarding benefits of geospatial solutions is the factor that hampers growth of the market. Furthermore, development of 4D GIS software is the factor expected to offer growth opportunities during the forecast period.
'The Asia-Pacific geospatial solutions market is expected to experience growth during the forecast period. The geospatial solution market is anticipated to experience an exponential growth, owing to rapid population growth, urban development, poverty, deforestation, and land degradation in Asia-Pacific, which causes degradation of natural resources and deterioration of environment. The need for reliable and timely information for sustainable management of natural resources as well as for environmental protection boosts adoption of geospatial analytics solution in the region. Market players are aiming to expand their penetration by adopting various strategies.
Furthermore, geospatial solutions are anticipated to contribute in smart city planning. For instance, in transportation, geospatial solutions help to plan and update routes to match actual need of commuters. Increase in disposable income and economic development propel adoption of geospatial solutions in rest of Asia-Pacific, including Sri Lanka, Indonesia, the Philippines, and other countries.
The geospatial solutions market is segmented on the basis of solution type, technology, application, end-use, and region. By solution type, it is segmented into hardware, software, and service. By technology, it is classified into geospatial analytics, GNSS & positioning, scanning, and earth observation. By application, it is fragmented into surveying, navigation, & mapping, geovisualization, asset management, planning & analysis, and others. By end-use, it is categorized into utilities, defense & intelligence, transportation and logistics, infrastructural development, natural resources, agriculture, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Solution Type
By Technology
By Application
By End Use
By Region