Geospatial Analytics
Geospatial Analytics Market by Type (Geovisualization, Network & Location Analytics, Surface & Field Analytics), Component (Services, Solution), Application, Industry - Global Forecast 2024-2030
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[186 Pages Report] The Geospatial Analytics Market size was estimated at USD 50.67 billion in 2023 and expected to reach USD 58.83 billion in 2024, at a CAGR 17.71% to reach USD 158.72 billion by 2030.

Geospatial Analytics Market
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Geospatial analytics harnesses the power of spatial data by gathering, displaying, and manipulating imagery, satellite photography, and historical data, which are tied to a location-based datum. The insights gained from geospatial analytics can support decision-making across various domains, including environmental management, urban planning, logistics, marketing, and disaster response. The increasing utilization of location-based data, the proliferation of artificial intelligence (AI) in data analytics, and advancements in satellite imagery have improved the demand for geospatial analytics across various end-use industries. Natural resource companies, including oil & gas, mining, and forestry, can monitor and manage resources effectively with spatial analysis for sustainability and environmental protection. However, data privacy and security concerns, high initial setup costs for new entrants, and the requirement of skilled professionals to interpret complex spatial data pose notable challenges for deploying geospatial analytics. Nevertheless, adopting cloud-based geospatial solutions, integrating with the Internet of Things (IoT) devices to enhance connectivity and data collection, and using unmanned aerial vehicles (UAVs) for in-depth spatial analysis presents new possibilities for the geospatial analytics market in the coming years.

Regional Insights

The Americas showcase a diverse and mature geospatial analytics market owing to the presence of tech-savvy end-users with a high adoption rate of geospatial technologies for various applications such as navigation, ride-sharing, and precision agriculture. The significant investments in geospatial research and development are geared towards embracing smart technologies in the Americas. In the European Union, privacy regulations significantly impact geospatial data collection and use. Consumers exhibit heightened awareness and concerns for data privacy in geospatial applications in the EU. The Middle East and Africa adopt geospatial analytics highly, particularly for infrastructure development, urban planning, and resource management. In Africa, geospatial analytics aid in agricultural development and disease tracking. The Asia-Pacific region is home to fast-growing economies with diverse consumer behavior. The region demonstrates vital government-led initiatives in infrastructure and urban planning. The Asia-Pacific’s geospatial analytics market is expanding, particularly in mobile mapping and location-based services, due to ongoing public-private partnerships for advancements, focusing on rural development and urban planning.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Geospatial Analytics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Investment in Smart Cities and Urban Planning
    • Surge in Demand for AI-Based GIS & Geospatial Solutions
    • Deployment of IoT Sensors in Various Applications
  • Market Restraints
    • High Cost of Services & Solutions Associated with Geospatial Analytics
  • Market Opportunities
    • Increasing Deployment of 5G Communications Technology
    • Advanced Technologies Such as AR and VR for Geographical Mapping
  • Market Challenges
    • Lack of Awareness Related to the Benefits of Geospatial Analytics
Market Segmentation Analysis
  • Type: Wide adoption of geospatial analytics for network and location analytics for optimizing logistics, and managing supply chains

    Geovisualization refers to creating and manipulating visual representations of geospatial data to allow for the analysis and discovery of patterns, trends, and relationships within the data. Geovisualization is particularly useful in making complex geospatial data understandable to non-experts. Organizations that require sophisticated visual mapping tools, such as urban planning agencies, environmental organizations, and transportation sectors, prefer visualization to translate abstract geographical data into actionable insights. Network and location analytics involve the study of spatial relationships through geographic networks. Network and location analytics are crucial in optimizing logistics, managing supply chains, and location planning for retail and service providers. Businesses that rely on logistics and transportation, including delivery services, retail chains, and utility providers, prefer network and location analytics to improve routing efficiency and site selection. Surface and field analytics involve analyzing terrain and field data to assist with agriculture, environmental management, and geological exploration. These analytics are essential for sectors where terrain characteristics directly influence operational decisions, such as agriculture for crop yield optimization, ecological science for conservation efforts, and mining for exploratory assessments.

  • Application: Increasing usage of geospatial analytics for disaster risk reduction and management applications

    End-users and governments utilize geospatial analytics to examine environmental patterns and evaluate climate change risks. Geospatial analytics information assists in designing effective adaptation strategies to reduce vulnerability. Geospatial analytics is critical in managing natural disasters by predicting potential risks, enhancing early warning systems, and optimizing resource allocation during disaster response. Businesses leverage geospatial analytics to understand market demographics and consumer behavior and optimize the location of stores and services. In medicine and public safety, geospatial analytics aids emergency response planning, outbreak tracking, facility distribution, and public health monitoring. Geospatial intelligence is the cornerstone of military intelligence, facilitating situational awareness, mission planning, and tactical decision-making. Surveyors employ geospatial technologies for land mapping, construction planning, and to ensure regulatory compliance with land use. Urban planners utilize geospatial analytics for smart city development, infrastructure planning, and transportation systems management. While climate change and disaster risk reduction are reactive and geared towards mitigating imminent threats, fields such as marketing management and urban planning employ geospatial data proactively to drive growth and long-term sustainability. Military intelligence stands out due to its need for comprehensive real-time data and high-grade security, whereas sectors including surveying require precision and reliability to uphold statutory standards.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Geospatial Analytics Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Geospatial Analytics Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Geospatial Analytics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Geospatial Analytics Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Geospatial Analytics Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Geospatial Analytics Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Geospatial Analytics Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Geospatial Analytics Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Geospatial Analytics Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Geospatial Analytics Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Geospatial Analytics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Geospatial Analytics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Placer.ai and Esri Partner to Deliver Geospatial Analytics

    Placer.ai and Esri entered a strategic partnership to advance analytics by integrating consumer behavior insights with geospatial intelligence. This collaboration promises to revolutionize site-specific and trade area analysis, enabling users to make quicker, more informed decisions and improve business outcomes. By combining the power of Esri's ArcGIS with Placer.ai's location analytics, retail, and commercial property sector stakeholders gain access to unparalleled visualization and decision-making tools. [Published On: 2024-01-17]

  • Hayden AI Raises USD 53 Million in Series B to Accelerate Global Expansion of AI-Powered Geospatial Analytics

    Hayden AI finalized a USD 53 million Series B investment, surpassing funding targets with the backing of the Drawdown Fund, an investor committed to supporting climate change solutions. Specializing in AI and geospatial analytics, Hayden AI aims to redefine urban mobility and public service delivery through its advanced data intelligence applications. Anchored by this new financial influx, Hayden AI is poised to venture into international markets, heralding a new epoch of intelligent mobility solutions. [Published On: 2023-10-18]

  • Jakala Acquires Roibox Geospatial Analytics Platform

    Jakala strategically acquired Riga-based geospatial analytics pioneer Roibox. This move underpins Jakala's objective to expand as a globally dominant, integrated marketing service provider, enhancing its portfolio with geographic data analysis capabilities. This acquisition sets the stage for Jakala to offer unparalleled omnichannel strategies tailored to each brand's unique footprint, thereby ushering in a new era of tailored, outcome-driven advertising solutions. [Published On: 2023-09-27]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Geospatial Analytics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Geospatial Analytics Market, highlighting leading vendors and their innovative profiles. These include ALTERYX, Inc., AtkinsRéalis, Autodesk, Inc., Bentley Systems, Inc., Descartes Labs, Inc., Environmental Systems Research Institute, Inc., Fugro, General Electric Company, Geoscience Consulting, LLC, Geospin GmbH, Google, LLC by Alphabet Inc., Hexagon AB, Intermap Technologies, Inc., L3Harris Technologies, Inc., Locana Group, Lockheed Martin Corporation, Mapidea, Consultoria em Geografia S.A., MapLarge, Inc., Maxar Technologies Holdings Inc., Orbital Insight, Inc., Pitney Bowes Inc., Precisely, RMSI Private Limited, SAP SE, Supergeo Technologies Inc., Topcon Corporation, Trimble Inc., Variac Systems Pvt. Ltd., Woolpert, Inc., and Zillion Info.

Geospatial Analytics Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Geospatial Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Geovisualization
    • Network & Location Analytics
    • Surface & Field Analytics
  • Component
    • Services
      • Consulting
      • Integration & Deployment
      • Support & Maintenance
    • Solution
      • Data Integration & ETL
      • Geocoding & Reverse Geocoding
      • Reporting & Visualization
      • Thematic Mapping & Spatial Analysis
  • Application
    • Climate Change Adaptation
    • Disaster Risk Reduction & Management
    • Marketing Management
    • Medicine & Public Safety
    • Military Intelligence
    • Surveying
    • Urban Planning
  • Industry
    • Automotive
    • Defense & Intelligence
    • Energy & Utilities
    • Government
    • Insurance
    • Natural Resources
    • Smart Cities

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Geospatial Analytics Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Geospatial Analytics Market, by Type
  7. Geospatial Analytics Market, by Component
  8. Geospatial Analytics Market, by Application
  9. Geospatial Analytics Market, by Industry
  10. Americas Geospatial Analytics Market
  11. Asia-Pacific Geospatial Analytics Market
  12. Europe, Middle East & Africa Geospatial Analytics Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 572]
  17. List of Companies Mentioned [Total: 30]
Geospatial Analytics: A Look At the Surge in Demand for AI-based GIS & Geospatial Solutions
December 4, 2023
BLOG
Geospatial Analytics: A Look At the Surge in Demand for AI-based GIS & Geospatial Solutions
The world around us is constantly changing. From the growth of cities to the spread of disease, it’s important to keep track of all the changes that impact us daily, which is where geospatial analytics come in. Geospatial analytics analyzes and visualizes geographic data to uncover insights to help us make better decisions. In recent years, there has been a surge in demand for AI-based GIS and geospatial solutions.

Increased Awareness of Climate Change:

Climate change is one of the most pressing issues of our time. As we become more aware of the impact of climate change on our planet, there is a growing need to monitor changes in temperature, precipitation, sea levels, and other environmental factors. Geospatial analytics can help us monitor and predict climate patterns and identify areas at risk of natural disasters such as hurricanes, floods, and droughts.

Growth in Urbanization:

As the world’s population continues to grow, cities are expanding rapidly. With this growth comes various challenges, including traffic congestion, air pollution, and the need for affordable housing. Geospatial analytics can help city planners and policymakers make informed decisions about infrastructure development, transportation planning, and environmental management. By analyzing geographic data, they can identify areas with high congestion or air pollution levels and develop solutions to address these issues.

Advancements in Technology:

Advancements in technology, including AI and machine learning, are driving the growth of AI-based GIS and geospatial solutions. These solutions can help organizations make better decisions by providing insights into spatial patterns and relationships. For example, in the retail industry, geospatial analytics can help stores identify areas with high foot traffic and a high demand for certain products.

Public Health Concerns:

In recent years, we have seen several public health crises, including the current COVID-19 pandemic. Geospatial analytics can help us track the spread of disease and identify areas at risk of an outbreak. Public health officials can identify trends and patterns in disease spread by analyzing geographic data and developing strategies to contain and control outbreaks.

Improved Decision-Making and Resource Allocation:

Geospatial analytics can help organizations make better decisions by providing insights into spatial relationships and patterns. By analyzing geographic data, they can identify areas of high demand for resources such as water, electricity, or transportation infrastructure.

Geospatial analytics is a powerful tool for analyzing and visualizing geographic data. As we have seen in this blog post, there are various reasons for the surge in demand for AI-based GIS and geospatial solutions. From climate change to urbanization, technological advancements, public health concerns, and the need for better decision-making, geospatial analytics can help us address various challenges and make better decisions. As we move forward, it’s essential to continue to invest in these solutions and leverage them to drive innovation and progress.

Frequently Asked Questions
  1. How big is the Geospatial Analytics Market?
    Ans. The Global Geospatial Analytics Market size was estimated at USD 50.67 billion in 2023 and expected to reach USD 58.83 billion in 2024.
  2. What is the Geospatial Analytics Market growth?
    Ans. The Global Geospatial Analytics Market to grow USD 158.72 billion by 2030, at a CAGR of 17.71%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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