Global Geospatial Analytics Market: Trends Analysis & Forecasts to 2021

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• Publié par: maheshmali
• Publié le: 09 mars 2017
• Nombre de lectures: 1
• Langue: English

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GLOBAL GEOSPATIAL ANALYTICS MARKET:TRENDS ANALYSIS AND FORECASTS UP TO 2021

Theglobal geospatial analytics marketestimated was 29.27 Billion in 2016 and projected to reach USD 71.69 billion by the end of 2021, with a CAGR of 19.6%% from 2016 to 2021.

Advancements in social media, smart devices, location sensors, and communications technology have allowed organizations to collect geo-references about every pos- sible event. Geospatial analysis uses these geo- references to build GIS, maps, graphs, cartograms and other useful information to derive correlation between historical shifts, present occurrences and forecast future trends. The geospatial analytics market is expected to reflect substantial growth over the forecast period, owing to increasing monetization of geospatial data for deci- sion making across government and business organiza- tions. Furthermore, increasing integration and conver- gence of geospatial analytics with IoT and big data is expected to flourish the geospatial analytics market.

Among technologies, Global Positioning System (GPS) segment is expected to reflect highest growth over the forecast period. This is attributed to increasing use of GPS enabled smart devices for commercial, industrial, and military applications. Remote sensing technology is expected to dominate the overall market over the fore- cast period.

The surveying segment is projected to lead thegeospa- tial analytics marketthe forecast period. The ris- during ing demand for surveying geospatial solutions in various sectors such as infrastructure development to optimize the use of available resources is leading to the growth of this segment. On other hand, the climate change adap- tation application is expected to reflect highest CAGR over the forecast period. This can be attributed to the increasing concern towards climate change among gov- ernments and business organizations.

Among verticals, the automotive segment is estimated to reflect highest growth over the forecast period. This trend is attributed to increasing use of geospatial analyt- ics in automotive industry.

The report segments the global geospatial analytics market by application, by technology, by type, by verti- cal, and by region. The application includes climate change adaptation, disaster risk reduction & manage- ment, medicine & public safety, surveying, and among others. The technology includes GIS, GPS, remote sensing, and among others. The type includes geo visu- alization, network analytics, surface analytics, and among others. The vertical includes automotive, busi- ness, defence & intelligence, government, natural re- sources, utility & communication, and among others.

The report provides regional analysis covering geogra- phies such as North America, Europe, Asia-Pacific, and Rest of the World. North America leads theglobal geo- spatial analytics marketby Europe and Asia- followed Pacific. The geospatial analytics market in Asia-Pacific is projected to reflect highest CAGR over the forecast peri- od. The attractiveness of the geospatial analytics market in the Asia-Pacific region is result of increasing use of geospatial analytics for decision making related to de- ployment of various public infrastructure and industrial development projects.

Companies Profiled:

The companies covered in the report includeBentley Systems, DigitalGlobe, Fugro N.V., General Electric, Harris Corporation, Hexagon AB, Trimble Navigation Ltd., and among others.

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