Tue. May 17th, 2022

The global geospatial analytics market is expected to grow from USD 64.72 billion in 2021 to USD 153.25 in 2030, with a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period.

/EIN News/ — Pune, May 06, 2022 (GLOBE NEWSWIRE) — Geospatial analytics collects, manipulates, and displays geographic information system (GIS) data and visual images, such as GPS coordinates and satellite photographs. Geospatial analytics builds data visualizations from all types of technology — GPS, location sensors, social media, mobile devices, satellite imagery — to understand phenomena and find trends in complex relationships between people and places. Today, Geospatial analysis collects data from everything from weather modelling to population forecasting to sales trends. Visualizing spatial data makes it easier to see how things change over time and where the change is most noticeable. 

“The global geospatial analytics market is expected to grow from USD 64.72 billion in 2021 to USD 153.25 in 2030, with a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period.”


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Drivers:

  1. Significant improvement in Artificial Intelligence and Machine Learning:

Geospatial analytics solution providers like ESRI and SAP deploy AI and ML-based solutions to provide organizations with expanded insights. Drones and satellite imagery equipment have been produced at a faster rate in recent years. These insights can be used to monitor the delivery of city services and identify areas where local government services can be improved. The availability of big data collected from demographic data in marketing management is a profit pool for the targeted marketing of products based on consumer interest. As a result, technological advancements and their application across a growing number of industries are expected to fuel the growth of the geospatial analytics market.

  1. Development in smart cities and urbanization:

Geographic Information System (GIS) software helps smart cities optimize data and make better city planning, land acquisition, and infrastructure decisions. Civil engineers use GIS to analyze and visualize land and infrastructure. GIS can be used as a planning, design, or operations tool. Through the use of satellite imaging, aerial photography, and remote sensors, planners gain a detailed perspective of the land. The benefits of this GIS software are boosting the growth of the geospatial analytics market.

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Key Players Profiled in the Report are:

  • Oracle Corporation
  • Sap SE
  • Bentley Systems, Incorporated
  • Esri
  • General Electric Co.
  • Hexagon Ab (Intergraph)
  • Trimble Inc.
  • Tomtom International B.v.
  • Mda Corporation
  • Fugro
  • Alteryx, Inc.
  • Google Llc

Vendor Assessment

Vendor assessment includes a deep analysis of how vendors are addressing  the demand in the Geospatial Analytics Market. The MDC Competetive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC’s Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC’s Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors’ solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.

Technology Assessment

Technology dramatically impacts business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.

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Business Ecosystem Analysis

Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete  and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.

Regions and Countries Covered

North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)

Report Coverage

Geospatial Analytics Market Dynamics, Covid-19 Impact on the Geospatial Analytics Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Geospatial Analytics Market Sizing, Analysis Tables.

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Vendor Profiles Covered

All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Geospatial Analytics Market report (25 Vendor Profiles)

Key Questions Answered in This Report:

  • What is the potential of the Geospatial Analytics Market?
  • What is the impact of COVID-19 on the global Geospatial Analytics Market?
  • What are the top strategies that companies adopting in Geospatial Analytics Market?
  • What are the challenges faced by SME’s and prominent vendors in Geospatial Analytics Market?
  • Which region has the highest investments in Geospatial Analytics Market?
  • What are the latest research and activities in Geospatial Analytics Market?
  • Who are the prominent players in Geospatial Analytics Market?
  • What is the potential of the Geospatial Analytics Market?

Additional vendors profiles can be added based on client business requirements

At MDC Research, we offer research solutions to help businesses break the barriers of doubt or uncertainties when they plan to expand their growth. Our researchers compile data and information that help chief executive officers decide which growth opportunities in a market to pursue.

MDC Research is known for conducting well-researched reports, and the expertise of our researchers contributes to the outstanding quality of our reports. MDC Research enables businesses to make impactful decisions by blending innovation and analytical thinking. Our unique blend of these two skills assures you access to the most complete and up-to-date information about your industry.

MDC Research has a wealth of experience using the latest methodologies to develop reports for a wide range of clients in diverse markets. Our commitment to delivering high-quality research and creating innovative reports is one of the reasons why MDC Research is such a trusted name in the business world today.

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Article originally published at https://www.einpresswire.com/article/571354811/geospatial-analytics-market-technology-vendor-assessment-vendor-summary-profiles-strategies-capabilities-product-mapping-regional-economic

The post Geospatial Analytics Market – Technology & Vendor Assessment (Vendor Summary Profiles, Strategies, Capabilities & Product Mapping & Regional Economic Analysis) by MDC Research first appeared on Reality Syndicate Viewers.

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