What Has Been Geospatial Analytics Market in Recent Years?
The geospatial analytics market has seen considerable growth due to a variety of factors.
• The market size of geospatial analytics has seen accelerated expansion in the past few years. It's projected to escalate from $91.97 billion in 2024 to $104.4 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 13.5%.
Factors that have contributed to the growth during the historic period include population growth and urbanization, natural resource management, risk evaluation and disaster management, supply chain refinement, along with government regulations and initiatives.
What Will Be The Geospatial Analytics Market Size In The Future?
The geospatial analytics market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions indicate a swift expansion in the geospatial analytics market size in the upcoming years, with an estimated value of $209.26 billion in 2029 and a 19.0% compound annual growth rate (CAGR). Factors such as the development of smart cities, the adoption of precision agriculture, healthcare and epidemic tracking, integration with IoT and massive data, and endeavors towards environmental preservation can explain this growth during the forecast duration. Noteworthy trends within this period include geospatial big data analytics, mobile geospatial applications, the incorporation of blockchain for spatial data security, the inclusion of social media in geospatial analysis, and urban mobility and smart city planning.
What Are the Critical Driver Fuelling the Geospatial Analytics Market's Growth?
The advancement of smart cities is forecasted to stimulate the expansion of the geospatial analytics market in the future. Essentially, a smart city is a technologically advanced urban area that leverages accessible data to optimize resources and regulate operations. The planning and conceptualization of smart cities are harmonized with geospatial analytics, which offer sophisticated visual aids to facilitate decision-making processes. This aids in selecting suitable locations, enhancing efficiency, and comprehending intricate metropolitan dynamics making use of geospatial data. For instance, by 2025, it’s projected that investments in smart city technology globally would rise to $158 billion from $58 billion in 2022. Consequently, the progress of smart cities is steering the growth of the geospatial analytics market.
What are the Market Segments in the Geospatial Analytics Market?
The geospatial analytics market covered in this report is segmented –
1) By Components: Solutions, Services
2) By Type: Surface And Field Analytics, Network And Location Analytics, Geovisualization, Other Types
3) By Technology: Remote Sensing, GIS, GPS, Other Technologies
4) By Application: Surveying, Medicine And Public Safety, Disaster Risk Reduction And Management, Climate Change Adaptation, Other Applications
5) By End-User Industry: Agriculture, Utility And Communication, Defense And Intelligence, Government, Natural Resources, Other End User Industries
Subsegments:
1) By Solutions: Software, Platforms, Tools
2) By Services: Consulting, Implementation, Support And Maintenance
Pre-Book The Geospatial Analytics Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends are Shaping the Geospatial Analytics Market?
Leading organizations within the geospatial analytics market are introducing new platforms, such as those for geospatial analysis, to boost their profitability. A geospatial analysis platform is a comprehensive, integrated system that facilitates advanced analysis of spatial and geographical data, generating valuable insights. For instance, ICEYE, a company based in Finland that ensures constant monitoring of any worldwide location through synthetic-aperture radar (SAR) technology, launched ICEYE Insights in June 2022. This platform offers immediate flood impact analysis for insurers, fusing near real-time flood situational awareness with ICEYE's flood observatory data. This integration supports informed decision-making, allowing insurers to gauge the impact on specific clients and properties. This platform enhances proactive client communication, resource allocation fine-tuning, and reserve enhancement, while the synthetic-aperture radar array of ICEYE provides consistent data collection, regardless of day or night, effectively bypassing cloud cover to provide reliable flood risk details.
Who Are the Key Players in the Geospatial Analytics Market?
Major companies operating in the geospatial analytics market include:
• Esri
• Hexagon AB
• Oracle Corporation
• Trimble Inc.
• SAP SE
• Google LLC
• IBM Corporation
• Microsoft Corporation
• TomTom International BV
• HERE Technologies
• Bentley Systems Incorporated
• Alteryx Inc.
• Maxar Technologies
• RMSI Pvt. Ltd.
• TIBCO Software Inc.
• Orbital Insight Inc.
• CARTO
• Pitney Bowes Inc.
• DigitalGlobe Inc.
• Precisely (formerly Pitney Bowes Software)
• GeoIQ
• Mapbox Inc.
• Fugro N.V.
• Critigen LLC
• Blue Marble Geographics
• AAM Pty Ltd
• TerraGo
What are the Regional Insights into the Geospatial Analytics Market?
North America was the largest region in the geospatial analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geospatial analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
