(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 25, 2021, 02:14 /Comserve / -- The geospatial analytics market is projected to grow from USD 30.71 billion in 2016 to USD 73.91 billion by 2021, at a CAGR of 19.2%.
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
The geospatial analytics market is projected to grow from USD 30.71 billion in 2016 to USD 73.91 billion by 2021, at a CAGR of 19.2%. Companies are seeking ways to increase revenues and reduce costs, as, the global market competition continues to shrink profit margins. Organizations of all sizes are focusing more on analyzing sales and market saturation in specific territories and identifying gaps between technologies. Hence there is a huge demand for the integration of geospatial technologies with mainstream technologies, which is fueling the growth of the geospatial analytics market. However, the high cost of development and deployment of geospatial analytical solutions is a restraining factor in the geospatial analytics market.
“The surface analytics segment is expected to account for the largest market share during the forecast period” The surface analytics segment of the geospatial analytics market by type is projected to account for the largest market share during the forecast period. Surface analytics is a process of measuring geographical data such as, the flow of materials and water across surfaces, and evaluating sight lines and routes across landscapes. Surface analytics solutions are expected to be adopted in almost every industry vertical to facilitate strategic decisions. Hence, the surface analytics segment is also projected to witness considerable growth during the forecast period.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Geospatial Analytics Market Insights by Emerging Trends, Growth and Forecast till 2021
“Europe is estimated to hold the largest share during the forecast period”
The geospatial analytics market has been studied for North America, the Asia-Pacific region, Europe, the Middle East & Africa (MEA), and Latin America. Europe is estimated to lead the geospatial analytics market in 2016. In Europe, market growth is attributed to the presence of key pioneer companies in geospatial technology as well as original equipment manufacturers (OEMs). The increasing demand for innovative geospatial analytics solutions from the government, defense & security, environmental monitoring, and agriculture sectors is expected to further enhance the growth of the market in Europe.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Geospatial Analytics Market Insights by Emerging Trends, Growth and Forecast till 2021
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of primary participants is given below:
• By Company Type: Tier 1: 25%, Tier 2: 30%, and Tier 3: 45%
• By Designation: C-level: 55%, Director level: 20%, and Others: 25%
• By Region: North America: 70%, Europe: 20%, Asia-Pacific: 10%
Study Coverage:
This study provides a detailed segmentation of the geospatial analytics market on the basis of type, technology, application, vertical, and region. Based on type, the market is segmented into surface analytics, network analytics, geovisualization, and others. Based on technology, the market is segmented into remote sensing, GPS, GIS, and others. Based on application, the market is segmented into surveying, medicine & public safety, disaster risk reduction & management, climate change adaptation, and others.
The report will help market leaders/new entrants in the following ways:
• To define, describe, and forecast the global geospatial analytics market on the basis of type, technology, application, vertical, and region
• To provide detailed information regarding factors influencing the growth of the geospatial analytics market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze each submarket with respect to individual growth trends and contribution towards the overall market
• To analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders
TABLE OF CONTENTS
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
MENAFN25112021004694010674ID1103248586
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.