PUBLISHER: Roots Analysis | PRODUCT CODE: 1856065
 
				PUBLISHER: Roots Analysis | PRODUCT CODE: 1856065
As per Roots Analysis, the global geospatial analytics market size is estimated to grow from USD 93.49 billion in the current year to USD 362.45 billion by 2035, at a CAGR of 13.11% during the forecast period, till 2035.

The opportunity for geospatial analytics market has been distributed across the following segments:
Type of Component
Type of Technology
Type of Deployment
Organization Size
Type of Vertical
Geographical Regions
Geospatial Analytics Market: Growth and Trends
Geospatial analytics involves the interpretation of information based on specific geographical coordinates on the Earth's surface. Generally, geospatial data includes coordinate regions, addresses, GPS data, and satellite imagery to examine patterns, relationships, and trends within a particular area. This form of analysis is often represented through maps or 3D models, which aid users in comprehending the spatial aspects of the information. Moreover, geospatial analytics adds a temporal and locational context to traditional data types, providing a more comprehensive understanding of events. With ongoing technological advancements, companies specializing in geospatial analytics can process vast amounts of geographic and geometric data in real-time using big data techniques.
The initial geographic information system (GIS) was implemented in Canada in the 1960s for the purpose of cataloging natural resources. However, present-day geospatial analysis is being employed for a wide range of applications across various sectors, including telecommunications, military operations, weather forecasting, modeling, natural resource exploration, population predictions, and sales analysis. Additionally, geospatial techniques aid the manufacturing and transportation industries by enhancing logistics and supply chain operations, allowing organizations to visualize optimal routing and business practices.
Furthermore, the rising demand for location-based services has created new opportunities for growth within the geospatial analytics market, which provides more accurate location tracking and insights into consumer behavior. Consequently, to enhance personalized customer experiences and streamline operations, businesses across diverse sectors such as retail, marketing, and healthcare are increasingly adopting location-based services, driving market demand. Geospatial analytics solutions also contribute to tracking environmental changes, managing natural resources, and tackling climate-related challenges. Additionally, the development of smart cities and urban planning initiatives, along with significant applications in agriculture, are key factors that are expected to drive the market significantly during the forecast period.
Geospatial Analytics Market: Key Segments
Based on type of component, the global geospatial analytics market is segmented into solutions and services According to our estimates, currently, the solution segment captures the majority of the market share. Offerings such as geographic information systems, remote sensing technologies, and predictive modeling tools deliver specific functionalities tailored for businesses and analyze spatial data to support decision-making across various sectors including defense, agriculture, and transportation, driving growth in this segment.
However, the services segment is expected to grow at a higher CAGR throughout the forecast period, driven the increasing need for skilled professionals and technicians to effectively utilize these solutions.
Based on type of technology, the global geospatial analytics market is segmented into GIS, GPS, remote sensing, and others. According to our estimates, currently, the geographic information system (GIS) technology segment captures the majority of the market share. This can be attributed to the widespread acceptance of GIS technology, fueled by its capabilities in location-based analytics, its flexibility in mapping, and integration with AI and remote sensing.
However, the remote sensing segment is expected to grow at a higher CAGR throughout the forecast period, due to improvements in sensor technology, greater availability of data, and the need for real-time monitoring, which drive demand for this technology in the field of geospatial analytics.
Based on type of deployment, the global geospatial analytics market is segmented into cloud-based and on-premises. According to our estimates, currently, the cloud-based deployment captures the majority of the market share. This can be attributed to its accessibility, ease of collaboration with other technologies, along with its scalability, flexibility, and cost-effectiveness.
However, the on-premises deployment is expected to grow at a higher CAGR during the forecast period, driven by its advantages in enhanced security.
Based on organization size, the global geospatial analytics market is segmented into large enterprises and small and medium-sized enterprises. According to our estimates, currently, the large enterprises capture the majority of the market share. This can be attributed to the abundance of resources and investment that large enterprises possess enables them to invest in infrastructure, software, and skilled personnel necessary for managing substantial spatial data.
However, the small and medium enterprises are expected to grow at a higher CAGR during the forecast period. This can be attributed to the increasing availability of cloud-based solutions and specialized applications with tailored offerings.
Based on type of vertical, the global geospatial analytics market is segmented into agriculture, automotive & transportation, BFSI, defense & intelligence, education, energy & utility, government, healthcare & life science, logistics & supply chain, mining & natural resources, real estate & construction, security, and others. According to our estimates, currently, the defense and intelligence sector captures the majority of the market share. This can be attributed to the significant demand for spatial data for mission planning, border surveillance, and monitoring of conflict zones.
However, the logistics supply chain sector is expected to grow at a higher CAGR during the forecast period. This can be attributed to the increasing demand for location-based services in the retail sector.
Based on geographical regions, the geospatial analytics market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. However, the market in Asia is expected to grow at a higher CAGR during the forecast period, due to rapid urbanization, the implementation of smart city initiatives, growth in the agriculture sector, and government investments in geospatial technologies.
Geospatial Analytics Market: Research Coverage
The report on the geospatial analytics market features insights on various sections, including:
Key Questions Answered in this Report
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