Geospatial Analytics Market Expected to Grow at $80.74 Billion — Driven by Growing Applications of Geospatial Data Analytics in Disaster Management

NEW YORK, August 26, 2022 /PRNewswire/ — “Geospatial Data Analytics Market by Technology and Geography – Forecast and Analysis 2022-2026The report has been added to Technavio’s offering. The report expects the market size to grow by 80.74 billion dollars between 2021 and 2026, expanding at a CAGR of 16.43% during the forecast period. Analysts at Technavio have considered various aspects such as customer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download the sample PDF report

The global geospatial data analytics market is fragmented and includes a significant number of international players and a significant number of small-scale players in the region. The market is in a developing stage and companies have to support themselves in the highly competitive market, taking care of the price requirements and data accuracy. Although new players are emerging in this market, they are finding it difficult to compete with international vendors in terms of functionalities, quality, features and services. The competitive environment in this market will intensify with increased service expansions, technological innovations and M&A activities. International players are also expected to grow inorganically during the forecast period by acquiring regional or local players.

The report identifies Alphabet Inc., Alteryx Inc., Autodesk Inc., Bentley Systems Inc., CartoDB Inc., Development Seed, Esri, Fugro NV, Garmin Ltd., General Electric Co., Geomap Co., Hexagon AB, International Business Machines Corp., L3Harris Technologies Inc., Maxar Technologies Inc., Pitney Bowes Inc., Porsche Automobil Holding SE, QlikTech international AB, SAP SE, TomTom International BV, Topcon Corp. and Trimble Inc. as some of the main market participants.

Although the growing applications of geospatial data analytics in disaster management will provide tremendous growth opportunities, data privacy and security will challenge the growth of market participants. To make the most of the opportunities, market sellers should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The global geospatial analytics market is segmented as follows:

The GPS segment will hold the maximum market share during the forecast period. The segment is driven by the increasing adoption of GPS technology for precise positioning of geospatial data is driving the growth of the segment.

38% of market growth will come from North America during the forecast period. Increasing adoption of advanced technologies across industries and expansion of the healthcare market are driving the growth of the geospatial analytics market in North America. Technavio presents a detailed view of the market by studying, synthesizing and summarizing data from multiple sources. Our geospatial analytics market report covers the following areas:

Geospatial Analytics Market 2022-2026: Vendor Analysis

We provide a detailed analysis of approximately 25 vendors operating in the geospatial analytics market. Backed with competitive intelligence and benchmarking, our geospatial analytics market research reports are designed to provide entry support, customer profiling and M&A as well as market strategy support.

Geospatial Analytics Market 2022-2026: Highlights

• Market CAGR during the forecast period 2022-2026

• Detailed information on the factors that will aid the growth of the geospatial analytics market over the next five years

• Estimation of the geospatial analytics market size and its contribution to the parent market

• Predictions on future trends and changes in consumer behavior

• The growth of the geospatial analytics market

• Analysis of the competitive market landscape and detailed information on vendors

• Comprehensive details of the factors that will challenge the growth of the vendors of the Geospatial Analytics market

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Table of Contents:

1 Executive summary

2 Market landscape

3 Market size

4 Five Forces Analysis

5 Market segmentation by technology

6 Customer landscape

7 Geographical landscape

8 Drivers, Challenges and Trends

9 Vendor landscape

10 Seller Analysis

11 Appendix

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SOURCE Technavio