Global Geospatial Imagery Analytics Market

Geospatial analytics is a technology that gathers, display, and manipulate geographic information using a geographic information system (GIS) to manage and predict the phenomenon and affecting the earth and its inhabitants. The main types of components in geospatial analytics are solutions and services. The geospatial analytic solutions help to analyse businesses for changing conditions and trends. These include geocoding, data integration and ETL, data storage software, reporting and visualisation, and thematic mapping and spatial analysis. The different types include surface and field analytics, network and location analytics, geo-visualization, and others. The various application includes surveying, medicine, public safety, disaster risk reduction and management, climate change adaptation, and others. The different technologies include remote sensing, GIS, GPS, and others and are implemented in various areas such as agriculture, utility and communication, defence and intelligence, government, natural resources, and others. The geospatial analytics market research report is one of a series of new reports from The Business Research Company that provides geospatial analytics market statistics, including geospatial analytics industry global market size, regional shares, competitors with a geospatial analytics market share, detailed geospatial analytics market segments, market trends and opportunities, and any further data you may need to thrive in the geospatial analytics industry. This geospatial analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global geospatial analytics market size grew from $73.3 billion in 2022 to $85.47 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The geospatial analytics market size is expected to grow to $153.22 billion in 2027 at a CAGR of 15.7%. 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 optimise resource consumption and control activities. Geospatial analytics integrates smart city planning and conceptualisation by delivering high-end visualisation 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. Technological advancements in geospatial analytics have emerged as a key trend gaining popularity in the geospatial analytics market. Major companies operating in geospatial analytics are focused on developing advanced solutions to strengthen their position in the market. For instance, in July 2020, LuxCarta, a France-based digital mapping solution providing company, launched the BrightEarth product line, a collection of specialised global geospatial products created from artificial intelligence technologies. Based on Sentinel-2 imagery, the initial releases comprise a worldwide cloud-free mosaic and corresponding 10-class land use/land cover (LULC). In May 2022, SatSure Analytics Pvt. Ltd., an India-based decision intelligence company in space acquired Old City Innovations (formerly Geospoc LLC) for an undisclosed amount. Through this acquisition, SatSure Analytics Pvt. Ltd. aims to expand its geospatial analytics business footprint in the US market. Old City Innovations is a US-based company operating in geospatial analytics solutions. Major players in the geospatial analytics market are Alteryx, Carto, ESRI, General Electric, SAP, Tomtom, Trimble, Google, Hexagon Ab, Maxar Technologies, Bentley Systems, Fugro, Geoviet Consulting, GIS Co. Ltd., Mandalay Technology, Map large, Mappoint Asia, Orbica, Orbital Insight, Pasco Corporation, and Skymap Global. North America was the largest region in the geospatial analytics market in 2022. 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, the Middle East, and Africa. The countries covered in the geospatial analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geospatial analytics market includes revenues earned by entities by providing solutions that understand, analyze, and derive insights from geographic information system (GIS) data and imagery including GPS and satellite photographs by creating geographic models and real-time data visualizations for more accurate odelling and predictions of trends. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global geospatial analytics market 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

The geospatial solutions are solutions used to collect, store, manage, and organize data pertaining to geographic information such as zip codes, addresses, or latitude and longitude coordinates of a location. It uses data collected by satellites, digital and analogue maps, and aerial and street imagery. The main types of geospatial solutions are hardware, software, and services. The hardware geospatial solutions refer to the computer on which a geographic information system (GIS) operates. Nowadays, GIS runs on a wide range of hardware types, from centralized computer servers to desktop computers used in standalone or networked configurations. The various technologies used are earth observation, scanning, and others. The different applications include surveying and mapping, geo-visualization, planning and analysis, land management, and others, which are used by several end users such as utilities, businesses, transportation, defense and intelligence, infrastructural development, and others. The geospatial solutions market research report is one of a series of new reports from The Business Research Company that provides geospatial solutions market statistics, including geospatial solutions industry global market size, regional shares, competitors with a geospatial solutions market share, detailed geospatial solutions market segments, market trends and opportunities, and any further data you may need to thrive in the geospatial solutions industry. This geospatial solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global geospatial solutions market size grew from $440.6 billion in 2022 to $510.84 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The geospatial solutions market size is expected to grow to $895.88 billion in 2027 at a CAGR of 15.1%. Growing research activities regarding space and earth and continuous investments in research activities are expected to propel the growth of the geospatial solutions market going forward. Governments all around the world are investing in geospatial technologies to improve national, regional, and global emergency response capabilities as well as to promote human health, security, and well-being. For instance, according to Geospatial World, an India-based organization, in September 2020, China established a geospatial knowledge and innovation center. It helps China to develop its own geospatial technology used in various industries such as military, urban development, and others. Also, in 2020, China had around 40 successful orbital missions and has already launched 55 satellites. According to the government of the UK, in June 2020, the UK launched a geospatial strategy, which unlocks opportunities from location data. The strategy helps the UK develop the location data framework in concurrence with the UN’s Integrated Geospatial Information Framework (IGIF). Therefore, growing research activities regarding space and earth and constant investment in research activities are expected to propel the growth of the geospatial solutions market. Technological advancements have emerged as a key trend gaining popularity in the geospatial solutions market. Major players operating in the geospatial solutions sector are focused on launching technologically advanced products and innovative services to stay ahead in the market and to gain market share. For instance, in March 2022, ESRI, a US-based geographic information system company, developed new land cover maps based on geospatial solutions, demonstrating how Earth as a planet has transformed over the last five years. The maps were generated by combining AI (Artificial Intelligence) and ML (Machine Learning) through satellite data, consisting of 26 pictures of every point on the planet throughout the last five years. In September 2021, Woolper, a US-based premier architecture, engineering, geospatial (AEG), and strategic consulting firm, acquired AAM for an undisclosed amount. With this merger, Woolpert gains offices across the South Pacific and the Middle East and is expected to almost double its presence in Africa. AAM is an Australia-based geospatial services company, specializing in land surveying, aerial mapping, and the integration and implementation of geographic information systems (GIS). Major players in the geospatial solutions market are Trimble Inc., Pitney Bowes Inc., Hexagon AB, Maxar Technologies, Harris Corporation, Apple Inc., Amazon Web Services Inc., IBM, Oracle Corporation, SAP, Microsoft Corporation, General Electric Company, TomTom International B.V., Alphabet (Google), Topcon Corporation, HERE Technologies, Baidu Inc., Telenav Inc., RMSI Pvt. Ltd., and Telnav Telecomunicaçes Navais. North America was the largest region in the geospatial solutions market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geospatial solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geospatial solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geospatial solutions market consists of revenues earned by entities by providing geospatial solutions that are used in imagery analysis, remote sensing (RS), and global positioning system (GPS). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global geospatial solutions market is segmented - 1) By Solution Type: Hardware, Software, Service 2) By Technology: Earth Observation, Scanning, Other Technologies 3) By Application: Surveying and Mapping, Geovisualization, Planning and Analysis, Land Management, Other Applications 4) By End-User: Utility, Business, Transportation, Defense and Intelligence, Infrastructural Development, Other End-Users

The geospatial solutions are solutions used to collect, store, manage, and organize data pertaining to geographic information such as zip codes, addresses, or latitude and longitude coordinates of a location. It uses data collected by satellites, digital and analogue maps, and aerial and street imagery. The main types of geospatial solutions are hardware, software, and services. The hardware geospatial solutions refer to the computer on which a geographic information system (GIS) operates. Nowadays, GIS runs on a wide range of hardware types, from centralized computer servers to desktop computers used in standalone or networked configurations. The various technologies used are earth observation, scanning, and others. The different applications include surveying and mapping, geo-visualization, planning and analysis, land management, and others, which are used by several end users such as utilities, businesses, transportation, defense and intelligence, infrastructural development, and others. The geospatial solutions market research report is one of a series of new reports from The Business Research Company that provides geospatial solutions market statistics, including geospatial solutions industry global market size, regional shares, competitors with a geospatial solutions market share, detailed geospatial solutions market segments, market trends and opportunities, and any further data you may need to thrive in the geospatial solutions industry. This geospatial solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global geospatial solutions market size grew from $440.6 billion in 2022 to $510.84 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The geospatial solutions market size is expected to grow to $895.88 billion in 2027 at a CAGR of 15.1%. Growing research activities regarding space and earth and continuous investments in research activities are expected to propel the growth of the geospatial solutions market going forward. Governments all around the world are investing in geospatial technologies to improve national, regional, and global emergency response capabilities as well as to promote human health, security, and well-being. For instance, according to Geospatial World, an India-based organization, in September 2020, China established a geospatial knowledge and innovation center. It helps China to develop its own geospatial technology used in various industries such as military, urban development, and others. Also, in 2020, China had around 40 successful orbital missions and has already launched 55 satellites. According to the government of the UK, in June 2020, the UK launched a geospatial strategy, which unlocks opportunities from location data. The strategy helps the UK develop the location data framework in concurrence with the UN’s Integrated Geospatial Information Framework (IGIF). Therefore, growing research activities regarding space and earth and constant investment in research activities are expected to propel the growth of the geospatial solutions market. Technological advancements have emerged as a key trend gaining popularity in the geospatial solutions market. Major players operating in the geospatial solutions sector are focused on launching technologically advanced products and innovative services to stay ahead in the market and to gain market share. For instance, in March 2022, ESRI, a US-based geographic information system company, developed new land cover maps based on geospatial solutions, demonstrating how Earth as a planet has transformed over the last five years. The maps were generated by combining AI (Artificial Intelligence) and ML (Machine Learning) through satellite data, consisting of 26 pictures of every point on the planet throughout the last five years. In September 2021, Woolper, a US-based premier architecture, engineering, geospatial (AEG), and strategic consulting firm, acquired AAM for an undisclosed amount. With this merger, Woolpert gains offices across the South Pacific and the Middle East and is expected to almost double its presence in Africa. AAM is an Australia-based geospatial services company, specializing in land surveying, aerial mapping, and the integration and implementation of geographic information systems (GIS). Major players in the geospatial solutions market are Trimble Inc., Pitney Bowes Inc., Hexagon AB, Maxar Technologies, Harris Corporation, Apple Inc., Amazon Web Services Inc., IBM, Oracle Corporation, SAP, Microsoft Corporation, General Electric Company, TomTom International B.V., Alphabet (Google), Topcon Corporation, HERE Technologies, Baidu Inc., Telenav Inc., RMSI Pvt. Ltd., and Telnav Telecomunicaçes Navais. North America was the largest region in the geospatial solutions market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geospatial solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geospatial solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geospatial solutions market consists of revenues earned by entities by providing geospatial solutions that are used in imagery analysis, remote sensing (RS), and global positioning system (GPS). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global geospatial solutions market is segmented - 1) By Solution Type: Hardware, Software, Service 2) By Technology: Earth Observation, Scanning, Other Technologies 3) By Application: Surveying and Mapping, Geovisualization, Planning and Analysis, Land Management, Other Applications 4) By End-User: Utility, Business, Transportation, Defense and Intelligence, Infrastructural Development, Other End-Users

Location analytics is the process of using location intelligence software for the visualization and analysis of geospatial data. The main location types in location analytics include outdoor location and indoor location. The outdoor location enables the identification of prospective customers based on online behavior, the visualising of location data and other factors, helping companies in geo-marketing, asset management, and business planning further by understanding the behaviour of consumers. The different components include solutions and services and are deployed in various modes, such as on-premise and cloud. It is used in a variety of applications such as risk management, customer experience management, remote monitoring, supply chain planning and optimization, emergency response management, location selection and optimization, and others, and is implemented in a variety of industries including transportation and logistics, retail, BFSI, IT & telecommunications, healthcare, energy and utilities, manufacturing, and others. The location analytics market research report is one of a series of new reports from The Business Research Company that provides location analytics market statistics, including location analytics industry global market size, regional shares, competitors with a location analytics market share, detailed location analytics market segments, market trends and opportunities, and any further data you may need to thrive in the location analytics industry. This location analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global location analytics market size grew from $18.78 billion in 2022 to $21.63 billion in 2023 at a compound annual growth rate (CAGR) of 15.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The location analytics market size is expected to grow to $37.67 billion in 2027 at a CAGR of 14.9%. Increasing use of spatial data and analytical tools is expected to propel the growth of the location analytics market going forward. By incorporating layers of geographic data such as traffic, weather, geography, and others, spatial data and analytical tools improve understanding, insights, decision making, and prediction. Location data has the power to forecast demand, identify supply chain disruptions, facilitate infrastructure planning, and more. For instance, according to Impact Networking, a US-based integrated business technology company, the average return on investment for enterprises using business intelligence and analytics is 1300%. Also, according to a 2020 survey by Forbes, an American business magazine, 75% of retailers regarded location intelligence (LI) as crucial for their revenue growth strategy. Therefore, the increasing use of spatial data and analytical tools drives the growth of the location analytics market. The integration of artificial intelligence solutions has emerged as a key trend in the location analytics market. An AI-fueled approach to location intelligence can help in automating processes, detecting patterns within large sets of data, and making predictions. Developers can incorporate these insights into their applications and businesses using AI, which understands the features of location data. For instance, in November 2021, Noogata, an Israel-based no-code artificial intelligence (AI) data analytics company, launched an AI-based location analytics library for bricks and mortar insights. This enables sales and marketing directors to use AI to acquire actionable insights, such as creating and scoring leads for future sales prospects, by gaining a better understanding of the places that are relevant to their company. In February 2021, PlaceIQ Inc., a US-based software company operating in location data, analytics, and insights acquired Skyhook Wireless Inc for an undisclosed amount. Through this acquisition, PlaceIQ Inc aims to expand its location intelligence solutions. Skyhook Wireless Inc is a US-based software company. Major players in the location analytics market are Alteryx Inc., Cisco Systems Inc., CleverMaps, Environmental Systems Research Institute Inc., (ESRI), GaliGeo, Google LLC, Here technologies, Hexagon, Indoor Atlas Ltd., Lepton Software, Microsoft corporation, Pitney Bowes Inc., PlaceIQ, Precisely, Purple, SAP, SAS Institute Inc., Sparkgeo Consulting Inc., TIBCO Software Inc., Tom Tom, Zebra Technologies Corporation., CARTO, GapMaps, Hardcastle GIS, Locale.ai, Mapidea, Newgrove Limited, Orbica, and Placense North America was the largest region in the location analytics market in 2022. The regions covered in the location analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the location analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The location analytics market includes revenues earned by entities by providing solutions that understand, analyze, and derive insights from geospatial data by utilizing services such as RFID, radio tracking, near-filed communication, internet tracking global positioning systems (GPS)& satellite tracking technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global location analytics market is segmented - 1) By Location Type: Outdoor Location, Indoor Location 2) By Component: Solutions, Services 3) By Deployment Mode: On Premise, Cloud 4) By Application: Risk Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning and Optimization, Emergency Response Management, Location Selection And Optimization, Other Applications 5) By Industry Vertical: Transportation And Logistics, Retail, BFSI, IT And Telecommunication, Healthcare, Energy and Utilities, Manufacturing, Other Industry Verticals

The GPS equipment refers to various devices and tools required for the functioning of satellite navigation system. A GPS is a satellite navigation system that determines an object's location on the ground. The main product types of GPS equipment are data loggers, data pushers, data pullers, and covert GPS trackers. Data loggers are electronic devices that monitor and record environmental parameters automatically over time, allowing conditions to be measured, documented, analyzed, and validated. The various applications of GPS equipment include road, aviation, marine, location-based services, surveying and mapping and others that are used by transportation and logistics, construction, oil and gas, metals and mining, government, among others. The GPS equipment market research report is one of a series of new reports from The Business Research Company that provides GPS equipment market statistics, including GPS equipment industry global market size, regional shares, competitors with a GPS equipment market share, detailed GPS equipment market segments, market trends and opportunities, and any further data you may need to thrive in the GPS equipment industry. This GPS equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global GPS equipment market size will grow from $2.4 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global GPS equipment market size is expected to grow to $3.12 billion in 2027 at a CAGR of 5.4%. Increased use of GPS tracking devices in commercial vehicles contributed to the growth of the GPS equipment market. GPS tracking devices help in monitoring commercial vehicles such as trucks, buses, heavy commercial vehicles, and construction vehicles. Through monitoring and handling these vehicles in real-time with GPS trackers, companies can get real-time updates, optimize routes, increase efficiency, and improve fuel efficiency among others. Businesses are increasingly using GPS for tracking vehicles and will have an edge over their competitors in giving a better customer experience. Therefore, the use of GPS equipment in commercial vehicles is a key factor leading to the growth of the GPS equipment market. Security threat in GPS tracking applications is expected to hinder the growth of the market. Hackers can interfere with the signals from GPS equipment and take advantage of the vehicle in ways unimaginable. The signals could be jammed during the transmission. The vulnerability of GPS will allow a hacker to track the positions of thousands of vehicles and even switching the engines off while they are in motion causing a complication. For instance, in September 2021, according to a research study conducted by Bitsight, a US-based cybersecurity ratings company, stated the vulnerabilities of threats on GPS tracking, stated that the MiCODUS API server contains the password vulnerability known as CVE-2022-2107. It has a 9.8 CVSS score and enables remote attackers to send SMS commands to a target's GPS tracker by using a hardcoded master password to access into the web server. A 9.8 CVSS rating was also given to CVE-2022-2141 because to faulty authentication. An attacker could be able to use this vulnerability to send the tracking device SMS commands without being verified. The hacker claimed that he could track vehicles in many countries, including South Africa, MorocCo., India, and the Philippines. The vulnerabilities in GPS equipment causing complications in smooth operations restrict the growth of the market. The software integrated with GPS trackers has developed rapidly. The use of advanced software can deliver real time data on a specific location. The advanced software has helped improve mapping capabilities and the ability to integrate with resources such as Google Earth and predictive diagnosis. For instance, in September 2022, Trackem, a US-based platform for monitoring resources, supplies, and job progress, has launched its most recent version of its GPS tracking platform for clients. The new system includes tools for tracking fuel bills, fleet-wide fuel usage, mileage analysis, and driver scorecards. Scorecards for drivers make it easier to see those who frequently accelerate quickly or drive too fast, both of which increase fuel consumption. This data may be employed for disciplinary or instructional purposes. Numerous places in the fleet that can be modified for fuel economy can be found with the use of detailed reports. Additionally, the new Maintenance area can help fleet managers or business owners stay current and repair their vehicles to maximize fuel efficiency. The development of an enhanced GPS tracker is gaining traction and contributes to the growth of the market. In January 2020, BAE Systems, Inc., a UK-based aerospace and security company acquired Collins Aerospace’s military global positioning system (GPS) business for $1.925 billion and Raytheon’s Airborne Tactical Radios (ATR) business for cash of $275 million. The acquisitions of GPS and ATR business is aimed to strengthen BAE Systems, Inc. in defense electronics and communication systems business. Collins Aerospace, a USA-based company, specialized in avionics and information technology systems business. Raytheon, a USA-based company, specialized in the manufacturing of military and commercial electronics. Major players in the GPS equipment market are Calamp Corporation, Sierra Wireless, Inc., Orbocomm Inc., Queclink Wireless Solutions Co., Ltd., Laird PLC., Tomtom International Bv, Concox Wireless Solution, Xirgo Technologies, Inc., Shenzhen Concox Information Technology Co. Ltd., and Maestro Wireless Solutions. The Asia-Pacific was the largest region in the GPS equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global GPS equipment market during the forecast period. The regions covered in the global GPS equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the GPS equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global positioning system (GPS) equipment market consists of sales of equipment for determining the ground position of an object through GPS satellites. GPS is a satellite navigation system that transmits specific signals that allow GPS equipment to decode and measure the satellite's exact location. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global GPS equipment market is segmented - 1) By Product Type: Data loggers, Data pushers, Data pullers, Covert GPS Trackers 2) By End-Use Industry: Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Other End-Use Industries (Hospitality, Education, Retail, Agriculture, and Healthcare) 3) By Application: Road, Aviation, Marine, Location-based services, Surveying and Mapping, Other Applications

The search, detection, and navigation instruments refer to the instruments used by nautical navigators and pilots as tools for their trade. Search, detection, and navigation instruments are used for searching, detecting, recording, and guiding to determine the speed, and direction to arrive at the point of destination. The main types of search, detection and navigation instruments are compasses, aeronautical and space navigation instruments, nautical navigation instruments and radio navigational aid apparatus. A compass is a tool for navigation and geographic orientation that displays the cardinal directions. It usually consists of a magnetized needle or another element that can pivot to align itself with magnetic north, such as a compass card or compass rose. The various technologies used are radio frequency identification based (RFID), cellular, network, Bluetooth, remote sensing services, real-time kinetic and others that are used for marine, aviation, military and other applications. The search, detection, and navigation instruments market research report is one of a series of new reports from The Business Research Company that provides search, detection, and navigation instruments market statistics, including search, detection, and navigation instruments industry global market size, regional shares, competitors with a search, detection, and navigation instruments market share, detailed search, detection, and navigation instruments market segments, market trends and opportunities, and any further data you may need to thrive in the search, detection, and navigation instruments industry. This search, detection, and navigation instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global search, detection, and navigation instruments market size will grow from $283.87 billion in 2022 to $309.49 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global search, detection, and navigation instruments market size is expected to grow to $424.16 billion in 2027 at a CAGR of 8.2%. The increasing demand from civilian and defense aircraft manufacturing industries drove the market for search, detection and navigation instruments. The increasing demand was supported by rising disposable income, increasing air travel and military usage. Rise in working group and middle-class demography will affect the demand positively. For instance, in 2020, Airbus invested $1 billion to manufacture 63 A320 Family aircraft per month, beginning in 2021. Therefore, the increasing demand from civilian and defense aircraft manufacturing companies is expected to drive the market for search, detection and navigation instruments. Stringent regulations on tariffs limited the growth of search, detection and navigation instruments manufacturing. Governments across the world are imposing tariffs owing to trade wars between countries, national defense or curtailment of monopoly powers, volatile oil prices and volatility in international trade. The World Trade Organization permitted the USA to tax European exports as much as $7.5 billion annually. As a result, the USA has imposed tariffs of 10% on imports of large civil aircraft, and industrial products among other goods from the European Union. The tariffs could raise prices for American companies importing goods and machinery thereby increasing the expenses. The increase in the import duties and taxes has a negative impact on search, detection, and navigational instruments market growth. Companies in the marine industry are preferring navigation instruments incorporated with augmented reality (AR). AR is a technology that reflects the digital information in the real world. Navigation systems integrated with AR technology provide great support to the sailors in ship keeping and related operations. For instance, Mitsui O.S.K. Lines (MOL) planned to install AR navigation systems on 21 very large crude oil carriers (VLCCs) operated by them. This navigation system will superimpose real-time video imagery and voyage information and provide support to crewmembers during their watch-keeping and ship operations visually. The benefits provided by AR technology in real time will increase the demand for instruments with such advanced technology. In January 2020, BAE systems, a British multinational defense, security and aerospace company acquired military GPS business from United Technologies for $1.93 Billion. The acquisition of GPS business from United Technologies will strengthen the professional and technical capabilities of BAE Systems to provide more comprehensive portfolio of solutions and adds new technology for BAE Systems that is compatible with industry-standard equipment and helps for the increasing product line. United Technologies is an American multinational conglomerate which operates in the fields of research and manufacturing products in numerous areas, including aircraft engines, aerospace systems and industrial products. Major players in the search, detection and navigation instruments market are BAE Systems PLC., Leonardo S.p.A, Raytheon, Thales Group, United Technologies Corp., Agilent Technologies, Siemens Medical Solutions, Boeing, Thermo Fisher Scientific, and Medtronic PLC. Asia-Pacific was the largest region in the search, detection and navigation instruments market in 2022. North America was the second-largest region in the global search, detection, and navigation instruments market. The regions covered in the global search, detection, and navigation instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the search, detection and navigation instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The search, detection, and navigation instruments market consists of sales of compasses, aeronautical and space navigation instruments, nautical navigation instruments, radio navigational aid apparatus, and other search, detection, and navigation instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global search, detection, and navigation instruments market is segmented - 1) By Type: Compasses, Aeronautical and Space Navigation Instruments, Nautical Navigation Instruments, Radio Navigational Aid Apparatus 2) By Technology: Radio Frequency Identification based(RFID), Cellular, Network, Bluetooth, Remote Sensing Services, Real Time Kinetic, Other Technologies 3) By Application: Marine, Aviation, Military, Other Applications

Geophysical data provides information on the surface and subsurface physical properties of the Earth. As a result, geophysical data can assist in identifying hydrocarbons, minerals, aggregate, and other natural resources. The main service types of geophysical data collection are data acquisition, data processing, and interpretation. Data acquisition refers to the process of sampling signals that measure real-world physical circumstances and transforming the resulting samples into digital numeric values that may be controlled by a computer. The various technologies include 2D imaging, 3D imaging, and 4D imaging and are used by several industries such as agriculture, the environment, minerals & mining, oil & gas, and water exploration. The geophysical data collection market research report is one of a series of new reports from The Business Research Company that provides geophysical data collection market statistics, including geophysical data collection industry global market size, regional shares, competitors with a geophysical data collection market share, detailed geophysical data collection market segments, market trends and opportunities, and any further data you may need to thrive in the geophysical data collection industry. This geophysical data collection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global geophysical data collection market size will grow from $7.3 billion in 2022 to $7.49 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global geophysical data collection market size is expected to grow to $8.01 billion in 2027 at a CAGR of 1.7%. The rise in demand for better understanding of reservoirs in production and design tasks to meet the world’s current and future energy needs contributed to the growth of the geophysical data collection market. An increasing population, rising living standards, and continuing economic development will require a vast amount of energy. According to the United Nations, the world population is projected to increase from 7.8 billion in 2020 to 9.9 billion in 2050. Fossil fuels are expected to meet more than 50% of primary energy demand as much of the world's energy is produced by burning fossil fuels such as oil, coal, and gas. According to ET EnergyWorld, the demand for petrochemicals is estimated to double in the next 20 to 30 years, approximately, from 20 million barrels per day to 22 million barrels per day. Therefore, the increasing population combined with the increasing demand for resources is expected to have a positive impact on the geophysical data collection market. Data migration is a challenge for smaller institutions and organisations that lack the necessary funds. A large volume of subsurface data gathered over the years using various techniques and equipment remained in paper format and on older media such as film or various forms of magnetic tape. Because the majority of data is now stored electronically, the old data is being transferred to digital medium. However, data migration is a major challenge, as in this process, data can be lost because of obsolete formats, obsolete equipment, or physical degradation of the magnetic medium. Data migration is also time-consuming and cost-consuming in nature, especially for smaller institutions and organisations that lack the necessary funds. Technology collaboration is a key trend in geophysical data acquisition. Technology collaborations are becoming necessary to keep pace with digital transformations. Artificial Intelligence and Machine Learning methods are being deployed and accepted in geophysical services. In February 2022, Shearwater Geoservices Software Inc., is a subsidiary of Shearwater Geoservices Holding AS, a provider of marine geophysical services, entered in a strategic technology collaboration with ConocoPhillips, a petroleum refineries company which is focused on hydrocarbon exploration and production. In this collaboration, ConocoPhillips will become a user of Shearwater's industry leading Reveal seismic processing and imaging software. Shearwater has committed to supporting the development and application of the CSI technology, as well as providing ConocoPhillips with future seismic acquisition and imaging services. CSI enables geoscientists to reconstruct seismic images more accurately and more efficiently with less data, allowing ConocoPhillips to improve decision quality, reduce costs, and increase efficiency. It will be commercialized for current and future customers. In July 2021, Seequent business unit of Bentley Systems Incorporated, a US-based infrastructure engineering software company, acquired Aarhus GeoSoftware for an undisclosed amount. The acquisition of Aarhus GeoSoftware is expected to expand Seequent's capabilities in operational groundwater management and sustainability projects involving exploration, contaminants, and infrastructure resilience. Aarhus GeoSoftware is a Denmark-based professional software solutions developer. Major players in the geophysical data collection market are Compagnie Generale De Geophysique (CGG), TGS-NOPEC Geophysical, Dawson Geophysical, Geotech, Geophysical Survey Systems, ION Geophysical Corporation, Phoenix Geophysics, Schlumberger - WesterngeCo., Petroleum Geo-Services and CSA Global. North America was the largest region in the geophysical data collection market in 2022. Western Europe was the second largest region in the global geophysical data collection market. The regions covered in the global geophysical data collection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the geophysical data collection market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geophysical data collection market consists of revenue earned by entities by providing services such as locating and measuring the extent of subsurface resources, such as oil, gas, and minerals, and also conduct surveys for engineering purposes. The surveying techniques include magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The global geophysical data collection market is segmented - 1) By Service: Data Acquisition, Data Processing, Interpretation 2) By Technology: 2D Imaging, 3D Imaging, 4D Imaging 3) By End User: Agriculture, Environment, Minerals & Mining, Oil & Gas, Water Exploration

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global information technology market grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology market in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global information technology market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software