Geospatial Analytics Global Market Sees Growth Rate Of 18% Through 2022

The global geospatial analytics market size is expected to grow from $62.01 billion in 2021 to $73.18 billion in 2022 at a compound annual growth rate (CAGR) of 18.0%. The global geospatial analytics market size is expected to reach $128.81 billion in 2026 at a CAGR of 15.2%.

What is the Global Geospatial Analytics Market?

The geospatial analytics market consists of sales of geospatial analytics products and services by entities (organizations, sole traders, and partnerships) that gather, display, and manipulate geographic information. Geospatial analytics uses a geographic information system (GIS) to manage and predict the phenomenon affecting the earth and its inhabitants.

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What drives the Global Geospatial Analytics Market?

The development of smart cities is expected to propel the growth of the geospatial analytics market going forward. A smart city is a modern technology metropolitan region that makes use of available information to optimize resource consumption and control activities. Geospatial analytics integrates smart city planning and conceptualization by delivering high-end visualization tools to aid decision-making for better site identification, increased efficiency, and a better understanding of complex urban processes using geospatial data. For instance, according to Otonomo, an Israel-based automotive data services platform, smart cities are expected to grow to over $820 billion by 2025 from $410.8 billion in 2020. Therefore, the development of smart cities is driving the geospatial analytics market.

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Global Geospatial Analytics Market Segments
The global geospatial analytics market is segmented:
By Components: Solutions, Services
By Type: Surface And Field Analytics, Network And Location Analytics, Geovisualization, Other Types
By Technology: Remote Sensing, GIS, GPS, Other Technologies
By Application: Surveying, Medicine And Public Safety, Disaster Risk Reduction And Management, Climate Change Adaptation, Other Applications
By End-User Industry: Agriculture, Utility And Communication, Defense And Intelligence, Government, Natural Resources, Other End User Industries
By Geography: The regions covered in the geospatial analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Geospatial Analytics Global Market Report 2022provides market size and growth forecasts for the global geospatial analytics market, global geospatial analytics market share, geospatial analytics market segments and geographies, geospatial analytics market competitive landscape including leading competitors’ revenues, profiles and market shares. The geospatial analytics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Geospatial Analytics Industry Playersinclude Alteryx, Carto, ESRI, General Electric, SAP, Tomtom, Trimble, Google, Hexagon Ab, Maxar Technologies, Bentley Systems, Fugro, Geoviet Consulting, GIS Co. Ltd, Mandalay Technology, Maplarge, Mappoint Asia, Orbica, Orbital Insight, Pasco Corporation, and Skymap Global. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.