Market Research Report
Geospatial Solutions Market by Technology (Earth Observation, Scanning), Solution, End-User (Utility, Business, Transportation, Defense & Intelligence, Infrastructural Development), Application, Region - Global Forecast to 2024
|Published by||MarketsandMarkets||Product code||905854|
|Published||Content info||183 Pages
Delivery time: 1-2 business days
|Geospatial Solutions Market by Technology (Earth Observation, Scanning), Solution, End-User (Utility, Business, Transportation, Defense & Intelligence, Infrastructural Development), Application, Region - Global Forecast to 2024|
|Published: August 2, 2019||Content info: 183 Pages||
"The global geospatial solutions market is projected to grow at a CAGR of 13.2% from 2019 to 2024"
The global geospatial solutions market is projected to reach USD 502.6 billion by 2024 from an estimated USD 239.1 billion in 2019, at a CAGR of 13.2% during the forecast period. This growth can be attributed to factors such as development of 4D GIS software and GIS industry using new and upcoming technologies like 3D, Augmented Reality (AR), and Virtual Reality (VR).
The earth observation segment is expected to be the largest market, by technology, during the forecast period. Earth observation uses satellite imagery to make several key decisions, especially in the defense & intelligence sector, is taken. The components used in earth observation are of significant importance and value. The investments made are also significantly high. All this eventually leads to the development of this segment.
Geovisualization emphasizes knowledge construction over knowledge storage or information transmission. For this, geovisualization communicates geospatial information in ways that, when combined with human understanding, allow data exploration and decision-making processes. Thus, this application is of extreme importance in mapping and surveying. With the growth in the usage of geospatial solutions, this application is expected to be extensively used during the forecast period.
North America is projected to be the largest geospatial solutions market by 2024. The US, Canada, and Mexico are among the major countries that are the leading users of geospatial technologies and are implementing these technologies into mainstream applications. Over the past few years, this region has witnessed rapid economic development. Also, the growth of automation in this region increased the adoption of geospatial technologies in several industries, which, in turn, drives the growth of the geospatial solutions market.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Note: Others includes sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: less than USD 500 million.
The global geospatial solutions market is dominated by a few major players that have a wide regional presence. The leading players in the geospatial solutions market are HERE Technologies (the Netherlands), Esri (US), Hexagon (Sweden), Atkins Plc (UK), Pitney Bowes (US), Topcon (Japan), DigitalGlobe Inc (Maxar Group) (US), General Electric (US), Harris Corporation (US), Google (US), Bentley (UK), Geospatial Corporation (US), Baidu (China), Telenav (US), TomTom International B.V. (the Netherlands), Apple (US), Oracle (US), Microsoft (US), Amazon (US), IBM (US), SAP (US), China Geo-Engineering Corporation (CGC) (China), RMSI (India), and Orbital Insights (US).
The report defines, describes, and forecasts the global geospatial solutions market, by technology, solution, end-user, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the geospatial solutions market.
AI and Big Data analytics 36
(Business Overview, Products Offered, Recent Developments, and MnM View)*
Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.