Global Geospatial Analytics Market by Component (Solution and Service) Deployment Model (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Solution (Geocoding & Reverse Geocoding, Data Integration & ETL, Reporting & Visualization, Thematic Mapping & Spatial Analysis, and Others), Type (Surface & Field Analytics, Network & Location Analytics, Geovisualization, and Others), Technology (Remote Sensing, GIS, GPS, and Others), Industry Vertical (Automotive, Energy & Utilities, Government, Defense & Intelligence, Smart Cities, Insurance, Natural Resources, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

Category: Information & Communication Technology (ICT)
Published On: 6 December, 2020
Pages: 169
Report Code: GR - 51229
Formats: pdf, excel

KEY MARKET INSIGHTS

This report covers COVID-19 impact analysis on Global Geospatial Analytics Market by Component (Solution and Service) Deployment Model (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Solution (Geocoding & Reverse Geocoding, Data Integration & ETL, Reporting & Visualization, Thematic Mapping & Spatial Analysis, and Others), Type (Surface & Field Analytics, Network & Location Analytics, Geovisualization, and Others), Technology (Remote Sensing, GIS, GPS, and Others), Industry Vertical (Automotive, Energy & Utilities, Government, Defense & Intelligence, Smart Cities, Insurance, Natural Resources, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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GlobeResearch estimates that global Geospatial Analytics market is expected to reach the market value of around USD 154.7Bn by 2026 and is predicted to grow at a CAGR of around 13% during 2020 – 2026.  

Market Insights

Growing the need for AI-oriented GIS applications and increasing demand for geospatial analysis in smart cities and urban planning are fuelling the development of the international geospatial analysis industry. In addition, the use of satellite surveillance to monitor the spreads of COVID-19 has a beneficial impact on market growth. However, high geospatial analytics costs and regulatory issues are likely to curb business expansion and lack of robust regulatory policies against geospatial analytics. On the contrary, the growth in cloud-based GIS adoption and increase in the application of AR and VR technology to geographic information technology is expected to provide a countervailing potential for global market expansion during the forecast era.

COVID-19 Impacts on Market

The COVID-19 pandemic has been developing an uneven health condition since the last quarter of 2019, with severe restrictions on the maintenance of social distances and lockdowns around the world. As a result, most markets have completed a shutdown, which leads to a deterioration in market processes, in a significant way to avoid this pandemic. Sectors such as development and transport, which exacerbated the market situation and contributed to huge monetary and job losses, were severely affected. But for the geospatial analytical market, this pandemic has risen and is predicted to escalate twice in the forecast. In addition, high-quality geospatial data allow models to resolve the pandemic through the successful distribution of risk factors information, the set-specific characterization of disease spread and the prediction of pathogenic and viral prevalence, as per the research carried out by the Institute for Diseases Modeling in Seattle.

 

Emerging innovations in geospatial AI

 

The growth in the market for geospatial analytics is driven by an increase in geospatial and geographic information systems and an increase in demand for meaningful information. In the case of poverty and disease, for example, – the spread of poverty across a given region, the estimation of how the epidemic is progressing and the steps needed to mitigate it – deep learning approaches are all predicted. Business practitioners, in particular, say that.

Deep learning and geospatial data can therefore have a significant socio-economic transition and effect. In GIS space, deep learning may be useful for predicting and validating geospatial data. As a result, with both of these factors, the prospective timeframe is expected to broaden the market for geospatial analytics.

 

Regional Stance

North America will remain in its position in 2019 and is expected to remain in the forecast. This is due to the involvement of key players offering integrated technologies. It is also a major investment in business growth in the region by Esri, one of the leading players in the GIS software market. It is expected that the timeframe, as well as the increase in mobility penetration, the transition from 2D to 3D mapping and the increase in GIS technology will occur in China, South Korea and Japan. However, increased development is expected.

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2015 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2015 – 2018

Unit

  Value (US$)

 

 

 

Segmentation

Market by Mode

  • Solution
  • Service

Market by Mobility

  • Geocoding & Reverse Geocoding
  • Data Integration & ETL
  • Reporting & Visualization
  • Thematic Mapping & Spatial Analysis
  • Others

Market by End Use

  • Automotive
  • Energy & Utilities
  • Government
  • Defense & Intelligence
  • Smart Cities
  • Insurance
  • Natural Resources
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  • General Electric
  • Hexagon AB
  • Google, Inc.
  • Alteryx, Inc.
  • Bentley Systems Incorporated
  • MDA Corporation
  • Oracle Corporation
  • SAP SE
  • ESRI
  • Furgo NV
  • Others

FAQs

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Table Of Contents

    1. Introduction
      • Scope of The Study
      • Market Segmentation
        • Geospatial Analytics Market - By Mode
        • Geospatial Analytics Market - By Mobility
        • Geospatial Analytics Market - By End Use
        • Geospatial Analytics Market - By Region
          • By Country
    1. Key Takeaways
    2. Research Methodology
    3. Geospatial Analytics Market Landscape
      • Overview
      • Pest Analysis
      • Ecosystem Analysis
    4. Geospatial Analytics Market - Key Market Dynamics
      • Key Market Drivers
      • Key Market Restraints
      • Key Market Opportunities
      • Future Trends
      • Impact Analysis of Drivers and Restraints
      • Impact of Covid-19 Pandemic on Global Geospatial Analytics Market
    5. Geospatial Analytics Market - Global Market Analysis
      • Geospatial Analytics - Global Market Overview
      • Geospatial Analytics - Global Market and Forecast To 2027
      • Market Positioning/Market Share
    6. Geospatial Analytics Market - Revenue and Forecasts To 2027 – Mode
      • Overview
      • Mode Market Forecasts and Analysis
        • Solution
        • Service
    1. Geospatial Analytics Market - Revenue and Forecasts To 2027 – Mobility
      • Overview
      • Mobility Market Forecasts and Analysis
        • Geocoding & Reverse Geocoding
        • Data Integration & ETL
        • Reporting & Visualization
        • Thematic Mapping & Spatial Analysis
        • Others
    1. Geospatial Analytics Market - Revenue and Forecasts To 2027 – End Use
        • Overview
        • End Use Market Forecasts and Analysis
          • Automotive
          • Energy & Utilities
          • Government
          • Defense & Intelligence
          • Smart Cities
          • Insurance
          • Natural Resources
          • Others
    1. Geospatial Analytics Market Revenue and Forecasts To 2027 – Geographical Analysis
      • North America
        • North America Geospatial Analytics Market Overview
        • North America Geospatial Analytics Market Forecasts and Analysis
        • North America Geospatial Analytics Market Forecasts and Analysis - By Mode
        • North America Geospatial Analytics Market Forecasts and Analysis - By Mobility
        • North America Geospatial Analytics Market Forecasts and Analysis - By End Use
        • North America Geospatial Analytics Market Forecasts and Analysis - By Countries
          • United States Geospatial Analytics Market
            • United States Geospatial Analytics Market By Mode
            • United States Geospatial Analytics Market By Mobility
            • United States Geospatial Analytics Market By End Use
          • Canada Geospatial Analytics Market
            • Canada Geospatial Analytics Market By Mode
            • Canada Geospatial Analytics Market By Mobility
            • Canada Geospatial Analytics Market By End Use
      •  Europe
        • Europe Geospatial Analytics Market Overview
        • Europe Geospatial Analytics Market Forecasts And Analysis
        • Europe Geospatial Analytics Market Forecasts and Analysis - By Mode
        • Europe Geospatial Analytics Market Forecasts and Analysis - By Mobility
        • Europe Geospatial Analytics Market Forecasts and Analysis - By End Use
        • Europe Geospatial Analytics Market Forecasts and Analysis - By Countries
          • Germany Geospatial Analytics Market
          • Germany Geospatial Analytics Market By Mode
          • Germany Geospatial Analytics Market By Mobility
          • Germany Geospatial Analytics Market By End Use
          • France Geospatial Analytics Market
          • France Geospatial Analytics Market By Mode
          • France Geospatial Analytics Market By Mobility
          • France Geospatial Analytics Market By End Use
          • Italy Geospatial Analytics Market
          • Italy Geospatial Analytics Market By Mode
          • Italy Geospatial Analytics Market By Mobility
          • Italy Geospatial Analytics Market By End Use
          • Spain Geospatial Analytics Market
          • Spain Geospatial Analytics Market By Mode
          • Spain Geospatial Analytics Market By Mobility
          • Spain Geospatial Analytics Market By End Use
          • UK Geospatial Analytics Market
          • UK Geospatial Analytics Market By Mode
          • UK Geospatial Analytics Market By Mobility
          • UK Geospatial Analytics Market By End Use
          • Rest of Europe Geospatial Analytics Market
          • Rest of Europe Geospatial Analytics Market By Mode
          • Rest of Europe Geospatial Analytics Market By Mobility
          • Rest of Europe Geospatial Analytics Market By End Use
      •  Asia-Pacific
        • Asia-PacificGeospatial Analytics Market Overview
        • Asia-PacificGeospatial Analytics Market Forecasts And Analysis
        • Asia-PacificGeospatial Analytics Market Forecasts and Analysis - By Mode
        • Asia-PacificGeospatial Analytics Market Forecasts and Analysis - By Mobility
        • Asia-PacificGeospatial Analytics Market Forecasts and Analysis - By End Use
        • Asia-PacificGeospatial Analytics Market Forecasts and Analysis - By Countries
          • Australia Geospatial Analytics Market
          • Australia Geospatial Analytics Market By Mode
          • Australia Geospatial Analytics Market By Mobility
          • China Geospatial Analytics Market
          • China Geospatial Analytics Market By Mode
          • China Geospatial Analytics Market By Mobility
          • China Geospatial Analytics Market By End Use
          • India Geospatial Analytics Market
          • India Geospatial Analytics Market By Mode
          • India Geospatial Analytics Market By Mobility
          • India Geospatial Analytics Market By End Use
          • Japan Geospatial Analytics Market
          • Japan Geospatial Analytics Market By Mode
          • Australia Geospatial Analytics Market By Mobility
          • Australia Geospatial Analytics Market By End Use
          • South Korea Geospatial Analytics Market
          • South Korea Geospatial Analytics Market By Mode
          • South Korea Geospatial Analytics Market By Mobility
          • South Korea Geospatial Analytics Market By End Use
          • Rest of Asia Pacific Geospatial Analytics Market
          • Rest of Asia Pacific Geospatial Analytics Market By Mode
          • Rest of Asia Pacific Geospatial Analytics Market By Mobility
          • Rest of Asia Pacific Geospatial Analytics Market By End Use
      •  Middle East & Africa
        • Middle East & Africa Geospatial Analytics Market Overview
        • Middle East & Africa Geospatial Analytics Market Forecasts And Analysis
        • Middle East & Africa Geospatial Analytics Market Forecasts and Analysis - By Mode
        • Middle East & Africa Geospatial Analytics Market Forecasts and Analysis - By Mobility
        • Middle East & Africa Geospatial Analytics Market Forecasts and Analysis - By End Use
        • Middle East & Africa Geospatial Analytics Market Forecasts and Analysis - By Countries
          • South Africa Geospatial Analytics Market
          • South Africa Geospatial Analytics Market By Mode
          • South Africa Geospatial Analytics Market By Mobility
          • South Africa Geospatial Analytics Market By End Use
          • Saudi Arabia Geospatial Analytics Market
          • Saudi Arabia Geospatial Analytics Market By Mode
          • Saudi Arabia Geospatial Analytics Market By Mobility
          • Saudi Arabia Geospatial Analytics Market By End Use
          • E Geospatial Analytics Market
          • E Geospatial Analytics Market By Mode
          • E Geospatial Analytics Market By Mobility
          • E Geospatial Analytics Market By End Use
          • Rest of Middle East & Africa Geospatial Analytics Market
          • Rest of Middle East & Africa Geospatial Analytics Market By Mode
          • Rest of Middle East & Africa Geospatial Analytics Market By Mobility
          • Rest of Middle East & Africa Geospatial Analytics Market By End Use
      •  South America
        • South AmericaGeospatial Analytics Market Overview
        • South AmericaGeospatial Analytics Market Forecasts And Analysis
        • South AmericaGeospatial Analytics Market Forecasts and Analysis - By Mode
        • South AmericaGeospatial Analytics Market Forecasts and Analysis - By Mobility
        • South AmericaGeospatial Analytics Market Forecasts and Analysis - By End Use
        • South AmericaGeospatial Analytics Market Forecasts and Analysis - By Countries
          • Brazil Geospatial Analytics Market
          • Brazil Geospatial Analytics Market By Mode
          • Brazil Geospatial Analytics Market By Mobility
          • Brazil Geospatial Analytics Market By End Use
          • Argentina Geospatial Analytics Market
          • Argentina Geospatial Analytics Market By Mode
          • Argentina Geospatial Analytics Market By Mobility
          • Argentina Geospatial Analytics Market By End Use
          • Rest of South America Geospatial Analytics Market
          • Rest of South America Geospatial Analytics Market By Mode
          • Rest of South America Geospatial Analytics Market By Mobility
          • Rest of South America Geospatial Analytics Market By End Use
    1. Industry Landscape
      • Mergers and Acquisitions
      • Agreements Collaborations and Join Ventures
      • New Mode Launches
      • Expansions and Other Strategic Developments
    2. Geospatial Analytics Market and Key Company Profiles
      • General Electric
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
      • Hexagon AB
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
      • Google Inc.
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
      • Alteryx, Inc.
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
      • Bentley Systems Incorporated
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
      • MDA Corporation
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
      • Oracle Corporation
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
      • ESRI
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
      • Furgo NV
        • Key Facts
        • Business Description
        • Modes and Services
        • Financial Overview
        • Key Developments
    1. Appendix
      • About GlobeResearch
      • Glossary of Terms

     

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2015 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2015 – 2018

Unit

  Value (US$)

 

 

 

Segmentation

Market by Mode

  • Solution
  • Service

Market by Mobility

  • Geocoding & Reverse Geocoding
  • Data Integration & ETL
  • Reporting & Visualization
  • Thematic Mapping & Spatial Analysis
  • Others

Market by End Use

  • Automotive
  • Energy & Utilities
  • Government
  • Defense & Intelligence
  • Smart Cities
  • Insurance
  • Natural Resources
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  • General Electric
  • Hexagon AB
  • Google, Inc.
  • Alteryx, Inc.
  • Bentley Systems Incorporated
  • MDA Corporation
  • Oracle Corporation
  • SAP SE
  • ESRI
  • Furgo NV
  • Others

FAQs

Methodology

Research Methodology

Globe Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of methodology employed for all our studies include:

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of technology landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

    • Market drivers and restrains, along with their current and expected impact
    • Raw material scenario and supply v/s price trends
    • Regulatory scenario and expected developments
    • Current capacity and expected capacity additions up to 2027

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Primary validation

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

    • Market leading companies
    • Raw material suppliers
    • Product distributors
    • Buyers

The key objectives of primary research are as follows:

    • To validate our data in terms of accuracy and acceptability
    • To gain an insight in to the current market and future expectations

Data Collection Matrix

Perspective

Primary research

Secondary research

Supply side

  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data

Demand side

  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Industry Analysis Matrix

Qualitative analysis

Quantitative analysis

  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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