Global Geospatial Solutions Market

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

Geophysical data sales are used to obtain quick access to seismic data, cutting-edge data center services, and robust networks, and to collect or evaluate core samples or cuttings. Geophysical data can help locate hydrocarbons, minerals, aggregate, and other natural resources. The main types of geophysical data sales are aerial-based surveys and land-based surveys. An aerial-based survey is a means of collecting geodetic or other imagery using airplanes, helicopters, unmanned airborne vehicles (UAVs), balloons, or other aerial methods. The different technologies include seismic, magnetic, gravity, electromagnetics, LIDAR, ground penetrating, and others, and the services provided include data processing, data interpretation, and data acquisition. The services are used by agriculture, the environment, minerals and mining, oil and gas, and water exploration. The geophysical data sales market research report is one of a series of new reports from The Business Research Company that provides geophysical data sales market statistics, including geophysical data sales industry global market size, regional shares, competitors with a geophysical data sales market share, detailed geophysical data sales market segments, market trends and opportunities, and any further data you may need to thrive in the geophysical data sales industry. This geophysical data sales 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 geophysical data sales market size will grow from $2.81 billion in 2022 to $2.91 billion in 2023 at a compound annual growth rate (CAGR) of 3.4%. 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 sales market size is expected to grow to $3.22 billion in 2027 at a CAGR of 2.6%. Increased applications in oil and gas exploration activities in emerging countries due to the increasing demand from the oil and gas industry have contributed to the growth of the global geophysical data sales market. For instance, according to the U.S. Energy Information Administration, in 2020, the world consumed 92.2 million barrels of petroleum and other liquid fuels per day (b/d). Geophysical data sales are used in the oil and gas industry to obtain fast access to seismic data, state-of-the-art data centre services, and robust networks, and are also used to collect or evaluate core samples or cuttings. Thus, oil and gas exploration activities drove the demand for metals and minerals, which in turn propelled the revenues generated for the geophysical data sales market. The decreasing investment in seismic surveys is expected to restrain the growth of the global geophysical data sales market during the forecast period. In geophysical data sales, seismic surveys play the most significant role in supplying valuable data for oil and gas exploration. As customers focus on cost, they overlook the fact that the value is worth the expense, which would likely affect the new investments. For instance, the Rystad Energy analysis stated that offshore seismic revenues declined by 51%–77% in 2020, compared to levels seen in 2019. In addition, exploration investment fell by more than 20% in 2020 compared to the previous year. Moreover, getting permission for conducting a seismic survey would also be a challenge because it is regarded as a controversial means of mapping the seabed, which would cause potential harm to marine life, subsequently affecting the new investments. The launch of seismic technology has created immense demand in the geophysical data sales market. Seismic technology is used by oil and gas researchers to map and interpret potential hydrocarbon reserves. But by adding the time dimension, 4D seismic technology shows how a reservoir will change over time. In April 2021, QuakeLogic and SignaGuard, launched seismic sensor-enabled with Edge AI, a structural health monitoring technology for earthquake-prone region. With its advanced IoT features, it is capable of automatically shutting down electrical lines based on seismic levels, triggering automated SMS/email alerts of damage, and uses an open-source technical platform to integrate algorithms from third parties. Major players in the geophysical data sales market are Dawson Geophysical Company, EON Geosciences, Geotech Surveys, TGS Geophysical Company, Geophysical Survey Systems, Inc., CGG SA, Fugro NV, Petroleum Geo-Services ASA, Phoenix Geophysics, and Sea Geo Surveys Pvt. Ltd. North America was the largest region in the geophysical data sales market in 2022. Western Europe was the second largest region in the global geophysical data sales market. The regions covered in the global geophysical data sales market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geophysical data sales market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geophysical data sales 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 conducting 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 sales market is segmented - 1) By Technology: Seismic, Magnetic, Gravity, Electromagnetics, LIDAR, Ground Penetrating, Other Technologies 2) By Type: Aerial-based Survey, Land-based Survey 3) By Services: Data Processing, Data Interpretation, Data Acquisition 4) By End User: Agriculture, Environment, Minerals & Mining, Oil & Gas, and Water Exploration

The geophysical services specialise in locating and measuring the number of resources such as minerals, oil, and gas, assessing earthquake hazards, investigating the subsurface for engineering structures, investigating archaeological sites, and imaging the subsurface for environmental hazards. The main types of surveys in geophysical services are land, marine, and aerial. Land surveying is the art and science of creating or reinforcing real property (land) corners, lines, borders, and landmarks based on documented documents, historical data, and current practise standards. The different technologies include seismic, magnetic, gravity, electromagnetic, lidar, ground penetrating, and others and are used in various applications such as roads, rails, ports, airports, pipelines, and others. The several sectors include agriculture, the environment, minerals and mining, oil and gas, water exploration, and others. The geophysical services market research report is one of a series of new reports from The Business Research Company that provides geophysical services market statistics, including geophysical services industry global market size, regional shares, competitors with a geophysical services market share, detailed geophysical services market segments, market trends and opportunities, and any further data you may need to thrive in the geophysical services industry. This geophysical services 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 geophysical services market size will grow from $14.15 billion in 2022 to $14.67 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. 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 geophysical services market size is expected to grow to $16.41 billion in 2027 at a CAGR of 2.8%. Growing exploration activities are contributing to the growth of the geophysical services market. Mineral exploration aims to discover deposits of minerals and rocks that can be used to meet the resource needs of society, which could be fulfilled by geophysical services. According to the Australia Bureau of Statics, released in August 2020, in the first quarter of June 2020, mineral exploration expenditure rose 11.91%, or $72.7 million, to $683.3 million. As per Gold Mining Report of the World Gold Council, the gold mines production of India could rise to 20 tonnes per year from 1.6 tonnes in 2020. Total mine production in Australia rose by 3% y-o-y due to higher production at a few mines. Thus, the rise in production and exploration in different sectors by using geophysical devices is paving the way for the growth of the geophysical services market. Geohazards are one of the major challenges faced by the geophysical services market. Geohazards include earthquakes, landslides, collapses, debris flows, and ground collapses, which may lead to widespread damage or risk. Mining activities sometimes lead to earthquakes, which can lead to the collapse of roofs in mines. At least 19 people died and many were injured due to the collapse of the marble mine at Zairat Ghar Mountain in Pakistan. Similarly, in March 2022, 14 workers died in China’s Sanhe Shunxun coal mine due to a roof shaft collapse. Failure of geophysical devices such as microseismic monitoring devices can lead to geohazards and thus limit the growth of the geophysical services market. Geophysical service providers are using drones to conduct aerial geophysical surveys. Estimating the variety of key physical or geochemical boundaries of the earth by means of air is conducted through aerial/airborne geophysical surveying. Drones used for surveying are equipped with a magnetometer and other sensors such as electromagnetic, gamma-ray, spectrometry, magnetic, and gravity to get clear and productive results from the survey. In June 2020, Terremys, a startup company, launched a lightweight UAV (Unmanned Aerial Vehicles) magnetic survey technology which will allow multi-scale aeromagnetic surveys using a measuring system weighing less than 500 grams. AeroVision Airborne Geophysics (Drone-MAG) is an innovative product of Abitibi Geophysics which provides low-altitude aeromagnetic surveys, creating high-resolution data at regular intervals at a fraction of the cost of the ground mag. In September 2020, Liberty Oilfield Services, a US-based oilfield service company, acquired the hydraulic fracturing arm of Schlumberger Ltd. for $448 million. With the help of this deal, Liberty will gain the OneStim business unit of Schlumberger and expand its technology portfolio in geophysical services. Schlumberger is a US-based company providing services in oilfields, geophysics, and others. Major players in the geophysical service market are Schlumberger, TGS Geophysical Company (UK) Ltd., CGG Geoscience company, Ion Geophysical, Polarcus Ltd., Geokinetics, Halliburton Company, Dawson Geophysical Services, EON Geosciences Inc., Geophysical Survey Systems Inc., Phoenix Geophysics, Sea Geo Surveys Pvt Ltd., Spectrum Geophysics, Geotech Survey, P.G.S., BGP Inc., Fugro, SA Exploration, Seabird Exploration, EMGS, Geospace Technologies, COSL-China Oilfield Services Limited, New Resolution Geophysics (NRG), Paradigm, Ramboll Group AS, Sercel SA, IRIS Instruments, DMT Gmbh and Co.KG., Petroleum Geo Services, Geoex Ltd and IG Seismic Services. North America was the largest region in the geophysical services market in 2022. Western Europe was the second largest region in the global geophysical services market. The regions covered in the global geophysical service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geophysical services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geophysical services 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 conducting 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 services market is segmented - 1) By Survey Type: Land, Marine, Aerial 2) By Technology: Seismic, Magnetic, Gravity, Electromagnetic, Lidar, Ground Penetrating, Other Technologies 3) By Application: Road, Rail, Port, Airport, Pipeline, Other Applications 4) By End User: Agriculture, Environment, Minerals and Mining, Oil and Gas, Water Exploration, Other End Users

Geophysical integration refers to techniques used in geophysical imaging and inversion to account for multiple sources of information and to enable the concurrent or cooperative use of numerous geophysical datasets to constrain the geophysical problem better and reduce uncertainty. The main methods of integrated geophysical services are vertical electrical sounding, electrical resistivity tomography (ERT), seismic refraction, microgravity survey with differential GPS, magnetic profiles, induced polarization, 2D seismic prospection (refraction tomography and reflection sections), and ground penetrating radar (GPR). A vertical electrical sounding (VES) is a DC resistivity survey that offers information on how apparent resistivity changes with depth. The parameters for the geoelectric section can be determined using a quantitative interpretation of the results of VES measurements. The various survey types include aerial-based and land-based, and the services are used for infrastructure and building construction, offshore wind farm surveys, offshore cable tracking surveys, mineral exploration and mining engineering, natural resources and energy, water resources, environmental and waste management, and archaeological surveys. The integrated geophysical services market research report is one of a series of new reports from The Business Research Company that provides integrated geophysical services market statistics, including integrated geophysical services industry global market size, regional shares, competitors with an integrated geophysical services market share, detailed integrated geophysical services market segments, market trends and opportunities, and any further data you may need to thrive in the integrated geophysical services industry. This integrated geophysical services 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 integrated geophysical services market size will grow from $2.16 billion in 2022 to $2.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. 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 global integrated geophysical services market size is expected to grow to $2.75 billion in 2027 at a CAGR of 4.7%. Increasing demand for oil and gas has contributed to the growth of the integrated geophysical services market. In 2020, the transportation industry in the United States consumed 44.61 billion gallons (1.06 billion barrels) of distillate fuel, which is effectively diesel fuel, at a rate of around 122 million gallons per day. According to the US Energy Information Administration estimates, global consumption of petroleum and liquid fuel averaged 94.3 million barrels per day in 2019, and it is expected to increase by 3.3 million barrels per day in 2022. The increasing consumption of oil and gas is driving the demand for integrated geophysical services. This is because integration between different oil and gas exploration methods such as archaeological surveys and remote sensing from aerial platforms and satellites obtains required geological information and evaluates core samples or cuttings. The sub-surface analysis is important for accurate reservoir and flow modelling, leading to more informed production decisions and the ability to produce more energy. The increasing demand for oil and gas is therefore driving the integrated geophysical services market. The decreasing investments in seismic surveys are expected to limit the growth of the integrated geophysical services market. The sharp fall in oil prices is the major reason affecting investments in seismic surveys. Brent crude oil has dropped more than 60% since its peak at the start of the year 2020. The production of unconventional oil, weakening global demand, the unwinding of some geopolitical risks, and an appreciation of the US dollar are some of the factors causing the oil price slump. In March 2020, Polarcus Ltd., a company that operates ships that search for offshore oil and gas by using ships for collecting seismic data, announced the cancellation of two projects due to the effects of the oil price slump on the energy services sector. Therefore, decreasing investments in seismic surveys are negatively affecting the integrated geophysical services market. Drones are increasingly being used by integrated geophysical service companies to get precise information and to decrease the burden on people in the harsh environment. According to a statement released by the Aerospace CH UAV Co., in 2022, Caihong, or Rainbow drone, will be used by China to explore the Qinghai-Xizang Plateau and the polar regions for geological resources. These Aero geophysical exploration method combines geophysical exploration with aviation to obtain a variety of geophysical field information rapidly and efficiently. The company also said drones are advantageous for conducting surveys since they work quickly and efficiently and are unaffected by terrain conditions and human factors. Major players in the integrated geophysical services market are CGS, Halliburton, Polarcus, Geokinetics, Petroleum Geo-Services (PGS), and Schlumberger WesternGeco. North America was the largest region in the integrated geophysical services market in 2022. Western Europe was the second largest region in the global integrated geophysical services market. The regions covered in the global integrated geophysical services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the integrated geophysical services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The integrated geophysical services market consists of revenue earned by entities that locate and measure 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 integrated geophysical services market is segmented - 1) By Method: Vertical Electrical Sounding, Electrical Resistivity Tomography (ERT), Seismic refraction, Microgravity survey with differential GPS, Magnetic profiles, Induced polarization, 2D seismic prospection (refraction tomography and reflection sections), Ground penetrating radar (GPR) 2) By Application: Infrastructure and building constructions, Offshore wind farm surveys, Offshore cable tracking surveys, Mineral exploration and mining engineering, Natural resources and energy, Water resource, environment and waste management, Archaeological surveys 3) By Survey Type: Aerial-based, Land-based

Geotechnical services are a branch of civil engineering services and are employed in designing infrastructure such as bridges, tunnels, and other onshore and offshore structures as construction support by investigating the soil, rock, fault distribution, and bedrock properties. The main types of products in geotechnical services are underground city space engineering, slope and excavation engineering, and ground and foundation engineering. Slope and excavation engineering are used in designing stable and long-lasting slope and excavation support systems. It helps in understanding how soft soils and hard rock respond to excavation to provide a full range of slope stability and support-of-excavation solutions, from the construction of support designs for new slopes or excavations to the design of slope instabilities or post-slope failure remedial methods. The different networking technologies include wired, and wireless and are used in various applications such as municipal engineering, hydraulic engineering, bridge and tunnel engineering, mining engineering, marine engineering, national defense engineering, building construction, and others. The geotechnical services market research report is one of a series of new reports from The Business Research Company that provides geotechnical services market statistics, including geotechnical services industry global market size, regional shares, competitors with a geotechnical services market share, detailed geotechnical services market segments, market trends and opportunities, and any further data you may need to thrive in the geotechnical services industry. This geotechnical services 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 geotechnical services market size grew from $2.08 billion in 2022 to $2.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. 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 geotechnical services market size is expected to grow to $2.71 billion in 2027 at a CAGR of 5.1%. The rising investments in wind energy are expected to propel the growth of the geotechnical services market going forward. The technique of using the wind to generate mechanical power or electricity is referred to as wind energy. It necessitates the use of particularly tailored geotechnical exploration and data analysis approaches to managing risks at various phases of project development. For instance, according to the U.S. Department of Energy, wind energy accounted for $24.6 billion of investment in 2020 in the USA. The offshore wind pipeline in the United States rose by 24% year over year, with 35,324 MW at various phases of development. Therefore, the rising investment in wind energy is driving the growth of the geotechnical services market. Technological advancement is a key trend gaining popularity in the geotechnical services market. Technological advancement is a discovery of knowledge that advances technology. In July 2021, Ryder Geotechnical Limited, a UK-based geotechnical services provider launched its new geotechnical data analysis solution Hadrian Cloud Services. Hadrian is an analytical and visualization tool that allows users to easily interact and interrogate geotechnical data and provide detailed design. It also offers hassle-free geotechnical insight via intuitive controls, speed-ups the responsive data-driven design decisions, and helps streamline the offshore construction project. In July 2021, Universal Engineering Sciences (UES), a US-based engineering and consulting company specializing in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting acquired Geotechnology Inc., for an undisclosed amount. The acquisition is expected to expand the presence of Universal Engineering Sciences into seven additional states, making it a national firm. Geotechnology Inc., is a US-based producer of geotechnical services such as geology, subsurface exploration services, site evaluation, material testing, and earthquake engineering. Major players in the geotechnical services market are AECOM, AMEC Engineering, Arup Group, Bechtel Group, CH2M HILL, Fugro, Gardline Limited, Geoquip Marine Group, HDR Inc., Jacobs Engineering Group, Kiewit Corporation, Stantec, Tetra Tech, Turner Construction, and WSP Global. North America was the largest region in the geotechnical services market in 2022. The regions covered in the geotechnical services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geotechnical services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geotechnical services market consists of revenue earned by entities that involve the study of materials present under the earth's surface. It is a branch of civil engineering and is used in planning infrastructures such as tunnels and bridges and other onshore and offshore constructions. It also includes specialist fields such as soil and rock mechanics, geophysics, hydrogeology, and associated disciplines such as geology. 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 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 geotechnical services market is segmented - 1) By Product Type: Underground City Space Engineering, Slope And Excavation Engineering, Ground And Foundation Engineering 2) By Networking Technology: Wired, Wireless 3) By Application: Municipal Engineering, Hydraulic Engineering, Bridge And Tunnel Engineering, Mining Engineering, Marine Engineering, National Defense Engineering, Building Construction, Other Applications

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

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

Geospatial imagery analytics refers to an analytical solution that provides images and videos of the earth. Geospatial imagery analytics uses data collected from satellite images and is used for examining urban planning, climate conditions, and disaster response management. Companies in other sectors use the data to develop contingency plans for future risks. It is used to get information about natural phenomena and human activities occurring on the earth's surface. The main types of geospatial imagery analytics are video-based analytics and imagery analytics. Imagery analysis, or image analysis, collects meaningful information from images, mainly from digital images utilizing digital image processing techniques. Image analysis tasks are as simple or as sophisticated as identifying a person from their face or reading bar-coded tags. The different technologies include global positioning systems (GPS), geographical information systems (GIS), remote sensing (RS), unmanned aerial vehicles (UAVs), and are deployed through the cloud and on-premises. The different organization sizes include large enterprises, small and medium-sized enterprises (SMEs), and are used in agriculture, mining and manufacturing, defense and security, energy, utility, and natural resources, government, healthcare, insurance, and other applications. The geospatial imagery analytics market research report is one of a series of new reports from The Business Research Company that provides geospatial imagery analytics market statistics, including geospatial imagery analytics industry global market size, regional shares, competitors with a geospatial imagery analytics market share, detailed geospatial imagery analytics market segments, market trends and opportunities, and any further data you may need to thrive in the geospatial imagery analytics industry. This geospatial imagery 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 geospatial imagery analytics market size grew from $9.58 billion in 2022 to $12.23 billion in 2023, at a compound annual growth rate (CAGR) of 27.7%. 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 geospatial imagery analytics market size is expected to grow to $31.88 billion in 2027 at a CAGR of 27.1%. The increase in demand for small satellites is expected to drive the growth of the geospatial imagery analytics market going forward. The small satellites are usually less than 100 kg, or the size of suitcases. These satellites are used in imagery analytics for analyzing small pieces of information across the globe with less cost, and more reliable and accurate results in minute operations. For instance, in February 2022, according to BryceTech's data, an Egypt-based analytics and engineering firm, the small satellite business continued to develop at a strong rate, with the number of small satellites (600 kg) launched increasing 45% year over year. In addition, Starlink, a US-based satellite internet company, and OneWeb, a UK-based communications company, are responsible for nearly all of the 1,743 tiny satellites launched in 2021, accounting for nearly 95 percent of the total upmass. Thus, the upsurge in demand for small satellites drives the growth of the geospatial imagery analytics market. Technological advancements have emerged as the key trend gaining popularity in the geospatial imagery analytics market. Major companies operating in geospatial imagery analytics are introducing new technological innovations to sustain their position in the market. For instance, in January 2021, Esri, an Indian-based company that manufactures geospatial imaging analytics systems, launched a new technology known as the ArcGIS Platform. Esri’s ArcGIS Platform works on a cloud consumption model. App developers typically utilize this technology to identify how to incorporate location capabilities into their apps, business processes, and products. It helps in providing easy access to geospatial technology. In May 2021, Foursquare, a US-based location technology company, acquired Unfolded for an undisclosed amount. This acquisition would allow Foursquare to provide customers with access to different first-party and third-party data and apply it to the spatial features. Unfolded is a US-based company that offers location-based services and products, from geospatial data visualization to data enrichment and analytics. Major players in the geospatial imagery analytics market are Oracle Corporation, Hexagon AB, Environmental Systems Research Institute Inc., (ESRI), TomTom International B.V., Trimble Inc., RMSI Private Limited, Planet Labs Inc., Maxar Technologies Inc., L3Harris Corporation, UrtheCast Corporation, Google Inc., Harris Corporation, ZillionInfo, Orbital Insight, and Mapidea. North America was the largest region in the geospacial imagery analytics market in 2022. The regions covered in the geospacial imagery analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geospacial imagery analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geospatial imagery analytics market includes revenues earned by entities by providing satellite photographs, crisis management, climate change modeling, and weather imagery monitoring. 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 imagery analytics market is segmented - 1) By Type: Video-Based Analytics, Imagery Analytics 2) By Geospatial Technology: Global Positioning System (GPS), Geographical Information Systems (GIS), Remote Sensing (RS), Unmanned Aerial Vehicles (UAVs) 3) By Deployment Mode: Cloud, On-Premises 4) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs) 5) By Application: Agriculture, Mining and Manufacturing, Defense and Security, Energy, Utility, and Natural Resources, Government, Healthcare, Insurance, Other Applications