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Geospatial Analytics Market: Global Forecast until 2021

  • January 2017
  • 165 pages
  • ID: 4648405
In this report:
The market size of the climate change adaptation segment is expected to grow from USD ##.## billion in 2016 to USD ##.## billion by 2021, at the highest CAGR of ##.##% during the forecast period.
The geospatial analytics market in Asia-Pacific is expected to grow from USD ##.## billion in 2016 to USD ##.## billion by 2021, at the highest CAGR of ##.##% during the forecast period.

Summary

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"Geospatial analytics market forecasted to grow at a CAGR (Compound annual growth rate) of 19.20 percent"

The geospatial analytics market is forecasted to grow from ~$30.7B in 2016 to ~$73.9B by 2021, at a compound annual growth rate of 19.20 percent. Firms are seeking ways to rise incomes and reduce costs, as, the overall 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 increase of the geospatial analytics market. Nevertheless, 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 forecasted to account for the largest part of market share during the estimate period"

The surface analytics segment of the geospatial analytics market by category is forecasted to account for the biggest market share during the outlook period. Surface analytics is a process of measuring geographical data including, the flow of materials and water across surfaces, and evaluating sight lines and routes across landscapes. Surface analytics solutions are anticipated to be adopted in almost every sector vertical to facilitate tactical conclusions. Therefrom, the surface analytics segment is also expected to witness considerable rise during the estimate period.

"Europe (EU) is forecasted to hold the biggest share during the outlook period"

The geospatial analytics market has been studied for North America continent, the Asia Pacific (APAC) area, EU, the Middle East area & African continent, and Latin America area. Europe (EU) is estimated to result the geospatial analytics market in 2016. In EU, industry growth is assigned to the presence of main pioneer firms in geospatial technology as well as original equipment manufacturers. The growing demand for innovative geospatial analytics solutions from the government, defense & security, environmental monitoring, and agriculture markets is anticipated to further enhance the increase of the market in Europe (EU).

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people.

The break-up of the profiles of primary members taking part is presented below:

- By Company Type: Tier 1: 25.0 percent, Tier 2: 30.0 percent, and 1/3 3: 45.0 percent

- By Description: C-suite: 55.0 percent, D-level: 20.0 percent, and Others: 25.0 percent

- By area: North america (NA): 70.0 percent, Europe: 20.0 percent, Asia-Pacific: 10.0 percent

Scope of the Report:

This analysis offers a exhaustive segmentation of the geospatial analytics market based on type, technology, application, vertical, and area. Established on category, the sector is divided into surface analytics, network analytics, geovisualization, and others. Established on technology, the sector is divided into remote sensing, GPS, GIS, and others. Established on application, the sector is divided into surveying, medicine & public safety, disaster risk reduction & management, climate change adaptation, and others. Established on vertical type, the industry is further broken down into business, automotive, utility & communication, government, defense & intelligence, natural resources, and others. Geographic review includes localities including, North America (NA), EU, Asia-Pac, Middle East (ME) & African continent, and Latin America area.

Main highlights

The market research will facilitate industry key players/new sector entrants in these ways:

- To define, describe, and forecast the overall geospatial analytics market based on type, technology, application, vertical, and area

- To offer in-depth information regarding factors influencing the increase of the geospatial analytics market (drivers, market restraints, alternatives, and market-specific challenges)

- To strategically analyze each submarket with respect to individual developments trends and contribution towards the global market

- To analyze the alternatives in the sector for partners and details of a competitive landscape for industry top players

- To forecast the market size of segments with respect to the five main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME) and African continent, and Latin America area

- To strategically profile top players and globally analyze their core competencies

- To track and analyze competitive developments including, mergers & acquisitions, and new industry product developments in the geospatial analytics market

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