Global Thematic Mapping and Spatial Analysis Market - 2023-2030

Market Overview

Global thematic mapping and spatial analysis market reached US$ 9.6 billion in 2022 and is expected to reach US$ 24.4 bllion by 2030, growing with a CAGR of 12.3% during the forecast period 2023-2030.

In order to help governments build better cities, consolidate public services, and engage with residents, geospatial and 5G technologies are integrated. Much of this location data must be in real-time as globally transitions to smart cities. The accuracy and sensitivity of geospatial analysys are anticipated to greatly increase with the rollout of 5G networks.

Network administrators can visualize different geographic factors, such as population density, urban regions, and existing infrastructure, by using thematic mapping. They can determine the most suitable locations for 5G base stations and small cells to provide the best coverage and capacity by spatially analyzing this data. With the integration of remote sensing platforms, geospatial and 5G technologies, governments may build smarter cities, improve public services, and interact with citizens more successfully. Therefore, the remote sensing platforms is expected to grow at a significant CAGR during the forecasted period.

Market Dynamics

Technological Advancements

Digital Twin projects have significantly increased during the past few years in North America, Asia, and Europe. The use of this technology will keep growing around the world as city municipalities strive to increase the effectiveness of urban planning and management, enable informed decision-making, and get insight from numerous datasets.

Geospatial industry professionals predict quantum computing will have a significant impact on heavy processing, despite the fact that the technology is still in the research and development (R&D) phase of its development. Early applications in the field of connected and autonomous vehicles (CAVs) have shown encouraging results.

Expanding Use in Smart Cities

Smart cities use technology in a variety of ways to increase the effectiveness of many processes. However, geospatial technology is an essential component of all smart city tools. In order to improve the efficiency of traffic, energy, public safety, security, infrastructure, emergency response, and other areas, modern smart cities use IoT sensors and sensor nodes, mobile applications, smart devices, and social networks that generate location-based data.

Geospatial technology, which provides a framework for data gathering, decision-making, a language for analysis, a technique for decision implementation, and a way for public engagement in smart cities, serves as the network's foundation. As a result, the expansion of the global market is influenced by the expanding applications in smart cities.

Integrating and Standardizing the Data Collection

For geospatial analysis, a lot of data is gathered from many sources. Cleaning, separating, and standardizing the acquired data takes a lot of work. The difficulties of integrating and standardizing the gathered data will be a significant obstacle to the expansion of the global geospatial analysis market.

Geospatial data is frequently gathered and kept in accordance with a number of standards and guidelines. The seamless integration and analysis of various datasets are hampered by the lack of uniform standards. Geospatial information is dynamic and frequently altered. Continuous monitoring and updates are necessary to keep the data current, which can be difficult, particularly for real-time analytics systems.

COVID-19 Impact Analysis

The COVID-19 outbreak had an impact on the global market for thematic mapping and spatial analysis. The epidemic has disrupted global supply chains, which has caused delays in the deployment of thematic mapping and spatial analysis system hardware. Geospatial data and digital mapping tools are being used by governments and organizations all over the world to administer vaccination efforts.

Numerous health officials and organizations are using geospatial data to build their vaccination campaigns and track their progress in minute detail in the midst of the exceedingly erratic distribution of COVID-19 vaccinations. The global thematic mapping and spatial analysis market is not anticipated to be adversely affected by the pandemic over the long run.

Segment Analysis

The global thematic mapping and spatial analysis market is segmented based on component, deployment, technology, end-user and region.

Increasing Data Accessibility Leads Software Segment Dominance

Data from various, scattered geographical and non-spatial systems can be accessed quickly and easily with the help of geospatial analysis. This data can be distributed throughout the organization, giving a wide range of users access to visualization, query, analysis, and reporting tools.

Applying best practices from the data warehouse area to all geospatial and chronological data sources, shape and merge network infrastructure information. For historical and time-based studies of your data, establish a consistent and repeatable data repository. As a result, with more than half of the segmental share, the software segment dominates the global market share.

Geographical Analysis

Growing Advancements in the Region Leads to Global Dominance

Geospatial analysis technology advancements are leading the way in North America. Numerous tech businesses and academic organizations in the region are actively working to produce innovative geospatial tools and software.

On June 7, 2023, A new centre for geospatial solutions will open at Yale. In the areas of geospatial science, data, and analysis, Yale's research, education, and infrastructure will all be improved by the new center for geospatial solutions. All of these factors would contribute to the North American market and is expected to cover majority of the market shares.

Competitive Landscape

The major global players include: Esri, Hexagon AB, Trimble, Pitney Bowes, Bentley Systems, Autodesk, SuperMap, Tom Tom, ThinkGeo and MapQuest.

Why Purchase the Report?

• To visualize the global thematic mapping and spatial analysis market segmentation based on component, deployment, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of thematic mapping and spatial analysis market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global thematic mapping and spatial analysis market report would provide approximately 69 tables, 67 figures and 215 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies