Geospatial Analytics Market Worth $107.8 Billion by 2026

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Browse the in-depth table of contents at “Geospatial Analysis Market”

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Report scope

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Details

Market size available for years

2016-2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Million USD

Estimated annual market size

59.5 billion USD in 2021

Forecast Year Market Size

USD 107.8 billion by 2026

Segments Covered

Components, Solution, Service, Type, Technology, Deployment Mode, Organization Size, Application, Vertical and Region

Regions covered

North America, Europe, APAC, MEA and Latin America

Companies covered

Alteryx (US), Bentley Systems (US), CARTO (US), Descartes Labs (US), ESRI (US), Fugro (Netherlands), General Electric (US ), Geospin (Germany), Google (USA), Hexagon AB (Sweden), Mapidea (Portugal), MapLarge (USA), Maxar Technologies (USA), Oracle (USA), Orbica (New Zealand), Orbital Insight (US), Precisely (US), RemOT Technologies (Spain), RMSI (India), SAP (Germany), Skymap Global (Singapore), Sparkgeo (Canada), TomTom (Netherlands) Bas), Trimble (US), Ubimo (US)

The increase in Internet connectivity due to advances in communication technologies and increased flexibility due to cloud computing is changing the way companies deliver software and services to their customers. Geospatial analytics solution providers are also taking advantage of this enhanced business ecosystem to provide their customers with easy access to geospatial data. With cloud computing, multiple users can easily access geospatial data and leverage cloud computing resources to perform analysis and mapping.

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Among the solutions, the data integration and ETL segment is expected to grow with the highest CAGR during the forecast period. The data integration and ETL solution makes it possible to perform these related tasks. Data can be obtained from a variety of sources, including mobile devices, business apps, sensors, and radio frequency identifications (RFID). The data obtained can be linked to location data and analyzed using location analytics. ETL helps to extract geographic data from any source system, transform it into a format based on user requirements and load it into the target systems.

Based on application, the surveying segment is leading the geospatial analysis market in 2021. Surveying is a technique for determining distances and angles between two points on the earth’s surface . It plays a central role in infrastructure development, transportation planning, land boundary determination, construction planning, urban planning, and smart city development. Surveyors use GNSS hardware and GIS software to collect, import, convert and store geographic data. The demand for surveying in planning and construction would drive the demand for surveying application.

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Asia Pacific expected to be the fastest growing market for geospatial analytics. In this region, geospatial technologies are used for rural and agricultural development. In APAC, companies are engaged in engineering and construction, mining and manufacturing, insurance and agriculture and are implementing GIS technologies to identify potential markets and use geospatial information to make strategic decisions. Moreover, the development of smart cities in China, Indiaand other Southeast Asian countries has driven the demand for 3D GIS in this region.

4D GIS assembles a large volume of information in a simple way for better decision making. 4D GIS tools can be used to monitor various changes, such as tracking weather changes or tracking construction progress over time. Geospatial technologies are increasingly used to incorporate spatial geographic data and to analyze and visualize space over time. 4D GIS data includes 2D data, 3D data, and daylight saving time data. Technical advances in 4D GIS software represent a significant opportunity for geospatial analysis service providers.

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