Geospatial Analytics Market is Expected to Register a Considerable Growth by 2028

Stratview Research delivers key insights on the Global Geospatial Analytics Market. According to Stratview Research, the market is segmented by Technology (Earth Observation, GIS, GNSS & Positioning, 3D Scanning), Deployment Mode (Cloud, On-premise), Enterprise Size (Large Enterprise, Small & Medium Enterprises), End-use (Security & Defense, BFSI, Media & Entertainment, Healthcare, Architecture, Engineering & Construction, Education, Telecom, Manufacturing, Oil & Gas, Retail, Transportation & Logistics), and Region.
Market Insights
The report suggests that the overall Geospatial Analytics Market is projected to grow from USD 85.8 billion in 2022 to USD 167.39 billion by 2028 at a CAGR of 11.78% during the forecast period.
Market Segments' Analysis
Enterprise Size Trends
The market has been classified into Large Enterprises, Small & Medium Enterprises. Under these, the Small & Medium Enterprises segment held a significant market share in 2022. The increased adoption of cloud technologies leads to improved business performance, creating a demand for geospatial analytics in SMEs.
Regional Trends
North America accounted for the largest market share in 2022. Geospatial analytics technologies are widely used in North American applications such as construction, agriculture, transportation, and utilities.
Key Players
The following are some of the key players in the geospatial analytics market:
• CARTO (US)
• Descartes Labs (US)
• ESRI (US)
• Fugro (Netherlands)
• General Electric (US)
• Geospin (Germany)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- what is the global demand for geospatial analytics market in terms of revenue?
- which are the prominent players in the market?
- at what cagr is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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