Geospatial Analytics Market by Type, Component, Application, Industry

Description

List of Tables

[189 Pages Report] The Geospatial Analytics Market size was estimated at USD 50.67 billion in 2023 and expected to reach USD 58.83 billion in 2024, at a CAGR 17.71% to reach USD 158.72 billion by 2030.

Geospatial analytics harnesses the power of spatial data by gathering, displaying, and manipulating imagery, satellite photography, and historical data, which are tied to a location-based datum. The insights gained from geospatial analytics can support decision-making across various domains, including environmental management, urban planning, logistics, marketing, and disaster response. The increasing utilization of location-based data, the proliferation of artificial intelligence (AI) in data analytics, and advancements in satellite imagery have improved the demand for geospatial analytics across various end-use industries. Natural resource companies, including oil & gas, mining, and forestry, can monitor and manage resources effectively with spatial analysis for sustainability and environmental protection. However, data privacy and security concerns, high initial setup costs for new entrants, and the requirement of skilled professionals to interpret complex spatial data pose notable challenges for deploying geospatial analytics. Nevertheless, adopting cloud-based geospatial solutions, integrating with the Internet of Things (IoT) devices to enhance connectivity and data collection, and using unmanned aerial vehicles (UAVs) for in-depth spatial analysis presents new possibilities for the geospatial analytics market in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 50.67 billion
Estimated Year [2024]	USD 58.83 billion
Forecast Year [2030]	USD 158.72 billion
CAGR (%)	17.71%

Type: Wide adoption of geospatial analytics for network and location analytics for optimizing logistics, and managing supply chains

Geovisualization refers to creating and manipulating visual representations of geospatial data to allow for the analysis and discovery of patterns, trends, and relationships within the data. Geovisualization is particularly useful in making complex geospatial data understandable to non-experts. Organizations that require sophisticated visual mapping tools, such as urban planning agencies, environmental organizations, and transportation sectors, prefer visualization to translate abstract geographical data into actionable insights. Network and location analytics involve the study of spatial relationships through geographic networks. Network and location analytics are crucial in optimizing logistics, managing supply chains, and location planning for retail and service providers. Businesses that rely on logistics and transportation, including delivery services, retail chains, and utility providers, prefer network and location analytics to improve routing efficiency and site selection. Surface and field analytics involve analyzing terrain and field data to assist with agriculture, environmental management, and geological exploration. These analytics are essential for sectors where terrain characteristics directly influence operational decisions, such as agriculture for crop yield optimization, ecological science for conservation efforts, and mining for exploratory assessments.

Application: Increasing usage of geospatial analytics for disaster risk reduction and management applications

End-users and governments utilize geospatial analytics to examine environmental patterns and evaluate climate change risks. Geospatial analytics information assists in designing effective adaptation strategies to reduce vulnerability. Geospatial analytics is critical in managing natural disasters by predicting potential risks, enhancing early warning systems, and optimizing resource allocation during disaster response. Businesses leverage geospatial analytics to understand market demographics and consumer behavior and optimize the location of stores and services. In medicine and public safety, geospatial analytics aids emergency response planning, outbreak tracking, facility distribution, and public health monitoring. Geospatial intelligence is the cornerstone of military intelligence, facilitating situational awareness, mission planning, and tactical decision-making. Surveyors employ geospatial technologies for land mapping, construction planning, and to ensure regulatory compliance with land use. Urban planners utilize geospatial analytics for smart city development, infrastructure planning, and transportation systems management. While climate change and disaster risk reduction are reactive and geared towards mitigating imminent threats, fields such as marketing management and urban planning employ geospatial data proactively to drive growth and long-term sustainability. Military intelligence stands out due to its need for comprehensive real-time data and high-grade security, whereas sectors including surveying require precision and reliability to uphold statutory standards.

Regional Insights

The Americas showcase a diverse and mature geospatial analytics market owing to the presence of tech-savvy end-users with a high adoption rate of geospatial technologies for various applications such as navigation, ride-sharing, and precision agriculture. The significant investments in geospatial research and development are geared towards embracing smart technologies in the Americas. In the European Union, privacy regulations significantly impact geospatial data collection and use. Consumers exhibit heightened awareness and concerns for data privacy in geospatial applications in the EU. The Middle East and Africa adopt geospatial analytics highly, particularly for infrastructure development, urban planning, and resource management. In Africa, geospatial analytics aid in agricultural development and disease tracking. The Asia-Pacific region is home to fast-growing economies with diverse consumer behavior. The region demonstrates vital government-led initiatives in infrastructure and urban planning. The Asia-Pacific's geospatial analytics market is expanding, particularly in mobile mapping and location-based services, due to ongoing public-private partnerships for advancements, focusing on rural development and urban planning.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Geospatial Analytics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Geospatial Analytics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Geospatial Analytics Market, highlighting leading vendors and their innovative profiles. These include ALTERYX, Inc., AtkinsRealis, Autodesk, Inc., Bentley Systems, Inc., Descartes Labs, Inc., Environmental Systems Research Institute, Inc., Fugro, General Electric Company, Geoscience Consulting, LLC, Geospin GmbH, Google, LLC by Alphabet Inc., Hexagon AB, Intermap Technologies, Inc., L3Harris Technologies, Inc., Locana Group, Lockheed Martin Corporation, Mapidea, Consultoria em Geografia S.A., MapLarge, Inc., Maxar Technologies Holdings Inc., Orbital Insight, Inc., Pitney Bowes Inc., Precisely, RMSI Private Limited, SAP SE, Supergeo Technologies Inc., Topcon Corporation, Trimble Inc., Variac Systems Pvt. Ltd., Woolpert, Inc., and Zillion Info.

Market Segmentation & Coverage

This research report categorizes the Geospatial Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Geovisualization
- Network & Location Analytics
- Surface & Field Analytics

Component
- Services
  - Consulting
  - Integration & Deployment
  - Support & Maintenance

Solution
- Data Integration & ETL
- Geocoding & Reverse Geocoding
- Reporting & Visualization
- Thematic Mapping & Spatial Analysis

Application
- Climate Change Adaptation
- Disaster Risk Reduction & Management
- Marketing Management
- Medicine & Public Safety
- Military Intelligence
- Surveying
- Urban Planning

Industry
- Automotive
- Defense & Intelligence
- Energy & Utilities
- Government
- Insurance
- Natural Resources
- Smart Cities

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Geospatial Analytics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Geospatial Analytics Market?

3. What are the technology trends and regulatory frameworks in the Geospatial Analytics Market?

4. What is the market share of the leading vendors in the Geospatial Analytics Market?

5. Which modes and strategic moves are suitable for entering the Geospatial Analytics Market?

Product Code: MRR-0355054AC49C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Investment in Smart Cities and Urban Planning
  - 5.1.1.2. Surge in Demand for AI-Based GIS & Geospatial Solutions
  - 5.1.1.3. Deployment of IoT Sensors in Various Applications
- 5.1.2. Restraints
  - 5.1.2.1. High Cost of Services & Solutions Associated with Geospatial Analytics
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing Deployment of 5G Communications Technology
  - 5.1.3.2. Advanced Technologies Such as AR and VR for Geographical Mapping
- 5.1.4. Challenges
  - 5.1.4.1. Lack of Awareness Related to the Benefits of Geospatial Analytics
5.2. Market Segmentation Analysis
- 5.2.1. Type: Wide adoption of geospatial analytics for network and location analytics for optimizing logistics, and managing supply chains
- 5.2.2. Application: Increasing usage of geospatial analytics for disaster risk reduction and management applications
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Geospatial Analytics Market, by Type

6.1. Introduction
6.2. Geovisualization
6.3. Network & Location Analytics
6.4. Surface & Field Analytics

7. Geospatial Analytics Market, by Component

7.1. Introduction
7.2. Services
7.3. Solution

8. Geospatial Analytics Market, by Application

8.1. Introduction
8.2. Climate Change Adaptation
8.3. Disaster Risk Reduction & Management
8.4. Marketing Management
8.5. Medicine & Public Safety
8.6. Military Intelligence
8.7. Surveying
8.8. Urban Planning

9. Geospatial Analytics Market, by Industry

9.1. Introduction
9.2. Automotive
9.3. Defense & Intelligence
9.4. Energy & Utilities
9.5. Government
9.6. Insurance
9.7. Natural Resources
9.8. Smart Cities

10. Americas Geospatial Analytics Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Geospatial Analytics Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Geospatial Analytics Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Placer.ai and Esri Partner to Deliver Geospatial Analytics
- 13.3.2. Hayden AI Raises USD 53 Million in Series B to Accelerate Global Expansion of AI-Powered Geospatial Analytics
- 13.3.3. Jakala Acquires Roibox Geospatial Analytics Platform

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio