According to a new market research report published by Global Insight Services “Geospatial Analytics Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Geospatial analytics is the process of analyzing data that has a geographic component to it. This can be data that is explicitly geographic, like latitude and longitude, or data that can be mapped to a geographic space, like addresses or zip codes.
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Key Players
- Alteryx
- Bentley Systems
- CARTO
- Descartes Labs
- ESRI
- Fugro
- General Electric
Key Trends
There are four key trends in Geospatial Analytics technology:
Increased accuracy and resolution: As technology advances, the accuracy and resolution of geospatial data is increasing. This data is becoming more reliable and can be used to make more informed decisions.
Increased use of real-time data: The use of real-time data is increasing in geospatial analytics. This data can be used to monitor and respond to changes in the environment or to track the movement of people or objects.
Increased use of big data: The use of big data is increasing in geospatial analytics. This data can be used to improve the accuracy of predictions and to identify trends.
Increased use of artificial intelligence: The use of artificial intelligence is increasing in geospatial analytics. This technology can be used to automate the analysis of data and to improve the accuracy of predictions.
Key Drivers
There are a number of factors that are driving the growth of the geospatial analytics market.
One of the key drivers is the increasing availability of data. With the growth of the internet and the rise of connected devices, organizations are collecting more data than ever before. This data can be used to understand the world around us and make better decisions.
Another driver is the increasing use of artificial intelligence (AI) and machine learning. These technologies are being used to analyze data more effectively and to identify patterns that would be difficult to spot with the naked eye.
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Market Segments
By Type
- Surface Analysis
- Network Analysis
- Geovisualization
By End User Vertical
- Agriculture
- Utility and Communication
- Defense and Intelligence
- Government
- Natural Resources
- Others
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