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Geospatial Analytics Market

Geospatial Analytics Market Size, Share & Trends Analysis Report By Component, Solution (Geocoding And Reverse Geocoding And Thematic Mapping And Spatial Analytics), Type (Surfacing & Files Analytics, Network & Location Analytics And Visualization), Technology, Deployment Mode, Organization Size, Application, Vertical, By Region, And Segment Forecasts, 2024-2031

Report ID : 1641 | Published : 2024-02-21 | Pages: 180 | Format: PDF/EXCEL

The Global Geospatial Analytics Market Size is valued at USD 74.83 billion in 2023 and is predicted to reach USD 191.61 billion by the year 2031 at a 12.72% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • The demand for geospatial analytics is being driven by the broad use of location-based services in a variety of industries, such as retail, logistics, and transportation.
  • The widespread usage of location-based services in a range of industries, including retail, logistics, and transportation, is driving the demand for geospatial analytics.
  • North America dominated the market and accounted for a revenue share of global revenue in 2023.
  • One of the significant concerns restraining industry growth is the initial costs associated with implementing geospatial analytics solutions.

geospatial

The global geospatial analytics market is experiencing significant growth due to the increasing adoption of location-based technology across various industries. Geospatial analytics processes, stores, and analyses geospatial data, including location, elevation, and other geographic information, to gain insights and make informed decisions. Technological developments, the increasing adoption of cloud computing and big data analytics, and the growing demand for geospatial analytics in the defense and intelligence sectors primarily drive the growth in the market. The rising demand for geospatial analytics in transportation and logistics, natural resource management, and urban planning is expected to develop significant growth opportunities for the market in the coming years.

However, the market is expected to face challenges such as the lack of skilled manpower, the high cost of geospatial analytics software and hardware, and data privacy concerns. 

Competitive Landscape:

Some of the geospatial analytics market players are:

  • Bentley Systems
  • Blue Marble Geographic
  • Caliper Corporation (US)
  • CARTO (US)
  • Descartes Lab (US)
  • eSpatial (Ireland)
  • Esri
  • Fugro
  • General Electric
  • Geomatic Consulting International (Vietnam)
  • Geospin (Germany)
  • Geoviet Consulting (Vietnam)
  • GIS Co. Ltd. (Thailand)
  • Google
  • HERE Technologies (Netherlands)
  • HexagonAB
  • Imago Global (Mynamar)
  • Mandalay Technology (Myanmar)
  • Mapidea (Portugal)
  • Maplarge
  • Maplarge (US)
  • Mappointasia (Thailand)
  • Maxar Technologies
  • Orbica (New Zealand)
  • Orbital Insights (US)
  • Pasco Corporation (Japan)
  • Precisely
  • Remote Technologies (US)
  • RMSI
  • Skymap Global (Singapore)
  • Sparkgeo (Canada)
  • Spatial
  • Suntac Technologies (Myanmar)
  • TomTom (Netherlands)
  • Trimble
  • UBIMO(US)
  • Vegastar Technology (Vietnam)

Market Segmentation:

The geospatial analytics market is segmented based on component, solution, technologies, type, deployment mode, organization size, application, and vertical. On the basis of components, the market is categorized into solutions and services. The market is segmented by solution: geocoding & reverse geocoding, data integration & ETL, report visualization and thematic mapping & spatial analytics. Based on technologies, the market is segmented as remote sensing, global positioning systems, and geographic information systems. By type, the market is segmented into surfacing & files analytics, network & location analytics and visualization. By deployment mode, the market is categorized into cloud and on-premises.

By organization size, the market is categorized into large enterprises and SMEs. By application, the market is segmented into surveying, medicine & public safety, disaster risk reduction & management, urban planning, transportation planning & management, natural resource management, agriculture value chain and environment impact analytics. By vertical, the market is segmented into energy & utilities, government, defense & intelligence, BFSI, retail estate & construction, healthcare, mining & natural resources, automotive & transportation and agriculture.

Based On The Component, The Service Segment Is A Major Contributor To The Geospatial Analytics Market

The service category is expected to hold a major share of the global geospatial analytics market. The service sector includes a wide range of industries, such as banking, insurance, healthcare, retail, and hospitality, which all need location-based data analysis. For example, banks and insurance companies can use geospatial analytics to identify areas prone to natural disasters and assess the risk of insuring properties. Similarly, healthcare providers can use geospatial analytics to identify areas with high disease rates and allocate resources accordingly.

Furthermore, technological advancements, such as the Internet of Things (IoT) and artificial intelligence (AI), enable the service sector to collect and analyze more data than ever before. This increased data availability drives the demand for geospatial analytics services in the service sector. Overall, the service sector is expected to continue to dominate the geospatial analytics market in the coming years as more industries recognize the value of location-based data analysis in improving their operations and decision-making processes.

Agricultural Segment Witnessed Growth At A Rapid Rate

The agriculture segment is projected to grow rapidly in the global geospatial analytics market. Geospatial analytics in agriculture is known as precision agriculture, which involves using location-based data to optimize crop yields, reduce resource consumption, and minimize environmental impact. Geospatial analytics can give farmers valuable insights into their crops, such as soil moisture levels, nutrient content, and pest infestations, which can help them make more informed conclusions about planting, fertilization, and pest management. Additionally, geospatial analytics can monitor weather patterns, predict crop yields, and identify areas at risk of drought or other weather-related disasters.

The North American Geospatial Analytics Market Holds A Significant Regional Revenue Share

The North American geospatial analytics market is expected to register the highest market share in revenue shortly. The region is home to several technological firms, and these firms are using artificial intelligence and machine learning more and more. Government rules that facilitate seamless geospatial data sharing between private businesses also aid in expanding this market.

Additionally, North America holds the largest share of the geospatial analytics market thanks to the expansion of the oil and gas industry, the creation of 5G infrastructure, the rise in demand for connected vehicles, the presence of international players in the automotive sector, and the region's robust healthcare infrastructure. Besides, Asia Pacific is also anticipated to play a significant role in driving the market's growth, driven by the high adoption of developed technologies and the growing demand for location-based data analysis across various industries.

Recent Developments:

  • In May 2023, Geolocation technology expert TomTom International B.V. increased its collaboration with Alteryx, Inc. Through this collaboration, Alteryx will incorporate spatial data into its products and location insights packages, such as Alteryx Designer by utilizing TomTom's Maps APIs and location data. 
  • In May 2023, the Oracle Cloud Infrastructure (OCI) marketplace and on-premises deployment options for Oracle Spatial Studio 23.1 were introduced by Oracle Corporation. With a no-code mapping tool, users may browse, study, and analyze geographic data that is managed and stored by Oracle.
  • In May 2023, HERE Global B.V. established a partnership with information technology, services, and consulting firm Cognizant to provide location-based digital client experiences. Through this cooperation, Cognizant will create spatially intelligent solutions for its clients by leveraging the real-time traffic, weather, and road attribute data from the HERE location platform.

Geospatial Analytics Market Report Scope:

Report Attribute

Specifications

Market size value in 2023

USD 74.83 Bn

Revenue forecast in 2031

USD 191.61 Bn

Growth rate CAGR

CAGR of 12.72% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million, and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Delivery Mode, Application, Destination, Service Type, Vehicle Type And Mode Of Operation

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Esri (US), Precisely (US), Caliper Corporation (US), Blue Marble Geographic (US), Google (US), eSpatial (Ireland), HexagonAB (Switzerland), TomTom (Netherlands), Trimble (US), Maxar Technologies (US), RMSI (India), Maplarge (US), General Electric (US), Bentley Systems (US), Fugro (Netherlands), Orbital Insights (US), Mapidea (Portugal), Geospin (Germany), Sparkgeo (Canada), Orbica (New Zealand), Descartes Lab (US), Skymap Global (Singapore), Remote Technologies (US), CARTO (US), UBIMO(US), Pasco Corporation (Japan), Geoviet Consulting (Vietnam), Mandalay Technology (Myanmar), GIS Co. Ltd. (Thailand), Suntac Technologies (Myanmar), Geomatic Consulting International (Vietnam), Imago Global (Mynamar), Mappointasia (Thailand), Vegastar Technology (Vietnam), HERE Technologies (Netherlands)

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Geospatial Analytics Market Snapshot

Chapter 4. Global Geospatial Analytics Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Component Estimates & Trend Analysis
5.1. by Component & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Component:

5.2.1. Solution

5.2.1.1. Geocoding & Reverse Geocoding
5.2.1.2. Data Integration & ETL
5.2.1.3. Report Visualization
5.2.1.4. Thematic Mapping & Spatial Analysis

5.2.2. Service

Chapter 6. Market Segmentation 2: by Technologies Estimates & Trend Analysis
6.1. by Technologies & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Technologies:

6.2.1. Remote Sensing
6.2.2. Global Positioning System
6.2.3. Geographic Information System

Chapter 7. Market Segmentation 3: by Type Estimates & Trend Analysis
7.1. by Type & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

7.2.1. Surfacing & Files Analytics
7.2.2. Network & Location Analytics
7.2.3. Geovisualization

Chapter 8. Market Segmentation 4: by Deployment Mode Estimates & Trend Analysis
8.1. by Deployment Mode & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Deployment Mode:

8.2.1. Cloud
8.2.2. On-premises

Chapter 9. Market Segmentation 5: by Organization Size Estimates & Trend Analysis
9.1. by Organization Size & Market Share, 2019 & 2031
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Organization Size:

9.2.1. Large Enterprises
9.2.2. SMEs

Chapter 10. Market Segmentation 6: by Application Estimates & Trend Analysis
10.1. by Application & Market Share, 2019 & 2031
10.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

10.2.1. Surveying
10.2.2. Medicine & Public Safety
10.2.3. Disaster Risk Reduction & Management
10.2.4. Urban Planning
10.2.5. Transportation Planning & Management
10.2.6. Natural Resource Management
10.2.7. Agricultural Value Chain
10.2.8. Environmental Impact Analysis

Chapter 11. Market Segmentation 7: by Vertical Estimates & Trend Analysis
11.1. by Vertical & Market Share, 2019 & 2031
11.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Vertical:

11.2.1. Energy & Utilities
11.2.2. Government
11.2.3. Defense & Intelligence
11.2.4. BFSI
11.2.5. Retail Estate & Construction
11.2.6. Healthcare
11.2.7. Mining & Natural Resources
11.2.8. Automotive & Transportation
11.2.9. Agriculture

Chapter 12. Geospatial Analytics Market Segmentation 8: Regional Estimates & Trend Analysis

12.1. North America

12.1.1. North America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
12.1.2. North America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Technologies, 2024-2031
12.1.3. North America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
12.1.4. North America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Deployment Mode, 2024-2031
12.1.5. North America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
12.1.6. North America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.1.7. North America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2024-2031
12.1.8. North America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

12.2. Europe

12.2.1. Europe Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
12.2.2. Europe Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Technologies, 2024-2031
12.2.3. Europe Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
12.2.4. Europe Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Deployment Mode, 2024-2031
12.2.5. Europe Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
12.2.6. Europe Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.2.7. Europe Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2024-2031
12.2.8. Europe Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

12.3. Asia Pacific

12.3.1. Asia Pacific Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
12.3.2. Asia Pacific Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Technologies, 2024-2031
12.3.3. Asia-Pacific Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
12.3.4. Asia-Pacific Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Deployment Mode, 2024-2031
12.3.5. Asia Pacific Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
12.3.6. Asia Pacific Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.3.7. Asia Pacific Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2024-2031
12.3.8. Asia Pacific Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

12.4. Latin America

12.4.1. Latin America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
12.4.2. Latin America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Technologies, 2024-2031
12.4.3. Latin America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
12.4.4. Latin America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Deployment Mode, 2024-2031
12.4.5. Latin America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
12.4.6. Latin America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.4.7. Latin America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2024-2031
12.4.8. Latin America Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

12.5. Middle East & Africa

12.5.1. Middle East & Africa Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Component, 2024-2031
12.5.2. Middle East & Africa Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Technologies, 2024-2031
12.5.3. Middle East & Africa Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
12.5.4. Middle East & Africa Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Deployment Mode, 2024-2031
12.5.5. Middle East & Africa Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2024-2031
12.5.6. Middle East & Africa Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
12.5.7. Middle East & Africa Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2024-2031
12.5.8. Middle East & Africa Geospatial Analytics Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 13. Competitive Landscape

13.1. Major Mergers and Acquisitions/Strategic Alliances

13.2. Company Profiles


13.2.1. Bentley Systems
13.2.2. Blue Marble Geographic
13.2.3. Caliper Corporation (US)
13.2.4. CARTO (US)
13.2.5. Descartes Lab (US)
13.2.6. eSpatial (Ireland)
13.2.7. Esri
13.2.8. Fugro
13.2.9. General Electric
13.2.10. Geomatic Consulting International (Vietnam)
13.2.11. Geospin (Germany)
13.2.12. Geoviet Consulting (Vietnam)
13.2.13. GIS Co. Ltd. (Thailand)
13.2.14. Google
13.2.15. HERE Technologies (Netherlands)
13.2.16. HexagonAB
13.2.17. Imago Global (Mynamar)
13.2.18. Mandalay Technology (Myanmar)
13.2.19. Mapidea (Portugal)
13.2.21. Maplarge (US)
13.2.22. Mappointasia (Thailand)
13.2.23. Maxar Technologies
13.2.24. Orbica (New Zealand)
13.2.25. Orbital Insights (US)
13.2.26. Pasco Corporation (Japan)
13.2.27. Precisely
13.2.28. Remote Technologies (US)
13.2.29. RMSI
13.2.30. Skymap Global (Singapore)
13.2.31. Sparkgeo (Canada)
13.2.32. Spatial
13.2.33. Suntac Technologies (Myanmar)
13.2.34. TomTom (Netherlands)
13.2.35. Trimble
13.2.36. UBIMO(US)
13.2.37. Vegastar Technology (Vietnam)
13.2.38. Other Prominent Players

Segmentation of the Geospatial Analytics Market-

Geospatial Analytics Market By Component

  • Solution
    • Geocoding & Reverse Geocoding
    • Data Integration & EtL
    • Report Visualization
    • Thematic Mapping & Spatial Analytics
  • Service

geospatial

Geospatial Analytics Market By Technologies

  • Remote Sensing
  • Global Positioning Systems
  • Geographic Information Systems

Geospatial Analytics Market By Type

  • Surfacing & Files Analytics
  • Network & Location Analytics
  • Geovisualization

Geospatial Analytics Market By Deployment mode

  • Cloud
  • On-premises

Geospatial Analytics Market By Organization Size

  • Large Enterprises
  • SMEs

Geospatial Analytics Market By Application

  • Surveying
  • Medicine & Public Safety
  • Disaster Risk Reduction & Management
  • Urban Planning
  • Transportation Planning & Management
  • Natural Resource Management
  • Agriculture Value Chain
  • Environment Impact Analytics

Geospatial Analytics Market By Vertical

  • Energy & Utilities
  • Government
  • Defense & Intelligence
  • BFSI
  • Retail Estate & Construction
  • Healthcare
  • Mining & Natural Resources
  • Automotive & Transportation
  • Agriculture

Geospatial Analytics Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Geospatial Analytics Market?

Geospatial Analytics Market is expected to grow at a 12.72% CAGR during the forecast period for 2024-2031

Esri (US), Precisely (US), Caliper Corporation (US), Blue Marble Geographic (US), Google (US), eSpatial (Ireland), HexagonAB (Switzerland), Others

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