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  • Geospatial Analytics Market By Component, Type, Application And Vertical - Forecast To 2023

     



    (Aviation-NewsWire.Com, August 29, 2018 ) Industry Outlook and Trend Analysis

    The Geospatial Analytics Market was worth USD 22.42 billion in 2014 and is expected to reach approximately USD 86.71 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 16.21% during the forecast period. The market is anticipated to witness a substantial development amid the gauge time frame, significantly determined by the expanding usage of Internet of Things (IoT), integration of geospatial technology with standard technology, and major progressions in geospatial investigation with the advent of artificial intelligence and big data. With the advent of big data and artificial intelligence in the market, geospatial analytics can give enhanced and more affordable geospatial data to organizations over the globe. These solutions give extra advantages, for example, the capacity to serve on-demand analytics, expanded availability and capacity to analyse complex and large datasets, and investigating various sorts of geospatial data through cloud-based geospatial analytics.

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    Component Outlook and Trend Analysis

    By component, the geospatial analytics market has been portioned into software & solutions and services. The product and arrangements portion is anticipated to hold a bigger share of the overall industry. The reception of geospatial software & solutions by enterprises is basically to gain area based business insight for informed decision-making.

    Type Outlook and Trend Analysis

    On the basis of type, the surface and field analytics fragment is anticipated to hold the biggest share of the market in the following years. This is credited to the expanding adoption of surface and field analytics arrangements by the undertakings in relatively every industry vertical to encourage key choices.

    Application Outlook and Trend Analysis

    On the basis of application, the climate change adaption fragment is anticipated to develop at the most elevated CAGR amid the conjecture time frame. Geospatial technologies enable clients to comprehend how environmental change may affect human lives, urban communities, food supplies, and so on. This, thusly, expands the general efficiency, streamlines work processes, and empowers the concerned specialists to settle on well-informed choices.

    Vertical Outlook and Trend Analysis

    In view of vertical, the automotive fragment is anticipated to develop at the most elevated CAGR amid the gauge time frame, as the geospatial technologies are widely used in the automotive vertical to recognize location and manage traffic at highways. The usage of geospatial technologies in the automotive business all around is encountering high development attributable to the developing security worries among travellers, because of which governments over a few locales have ordered the usage of GIS and GPS technology in vehicles.

    Regional Outlook and Trend Analysis

    North America is assessed to be the biggest market for geospatial analytics over the forecast period. The development of the geospatial analytics market in North America is essentially driven by the high usage of most recent technologies, for example, distributed computing, huge information, Internet of Things (IoT), Artificial Intelligence (AI), and business intelligence tools.

    Competitive Insights

    The major players in the market are Hexagon AB, Harris Corporation, Bentley Systems, SAP SE, DigitalGlobe, Esri, Maxar Technologies, Trimble, RMSI Private Limited, Oracle Corporation, Alteryx, Fugro and General Electric. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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    The Geospatial Analytics Market is segmented as follows-

    By Component:
    Services
    Software & Solutions

    By Type:
    Network & Location Analytics
    Surface & Field Analytics
    Geovisualization
    Others

    By Application:
    Medicine & Public Safety
    Climate Change Adaptation
    Surveying
    Disaster Risk Reduction & Management
    Others

    By Vertical:
    Automotive
    Government
    Natural Resources
    Business
    Utility & Communication
    Defence & Intelligence
    Other

    By Region
    North America
    U.S.
    Canada
    Mexico
    Europe
    Germany
    UK
    France
    Russia
    Italy
    Rest of Europe
    Asia-Pacific
    China
    Japan
    South Korea
    India
    Southeast Asia
    Rest of Asia-Pacific
    South America
    Brazil
    Argentina
    Columbia
    South Africa
    Rest of South America
    Middle East and Africa
    Saudi Arabia
    UAE
    Egypt
    Nigeria
    South Africa
    Rest of MEA
    Some of the key questions answered by the report are:
    What was the market size in 2014 and forecast from 2015 to 2023?
    What will be the industry market growth from 2015 to 2023?
    What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
    What are the major segments leading the market growth and why?
    Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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    Qurate Business Intelligence

    Nehal Chinoy

    +919881074592

    nehal@qurateresearch.com

    Source: EmailWire.Com

    Source: EmailWire.com

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