Geospatial technology refers to equipment used to measure and analyze Earth's land and features. In 2019, new trends in geospatial technology would have an impact on multiple sectors. Let’s have a look at the major geospatial market trends for 2019 to 2025.
At a compound annual growth rate of 12.5 %, the size of the worldwide Geospatial Technology market is projected to reach 34.5 Bn in 2032.
Geospatial analytics market can broadly be segmented on the basis of service type, technology type, application and geography. The publish market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025. Additionally, numerous emerging trends are expected to gain traction in the global geospatial analytics market over the next few years, positively impacting market growth. These top trends include a growing focus on technology, capacity expansions and new developments, and increasing demand from emerging economies.
Key Market Players are General Electric (GE), ESRI Inc., MDA Corporation, Hexagon AB, Trimble Geospatial, Bentley Systems, Inc., and others. The market is led by these giants and they dominate the market. Hence the market is consolidated. Therefore, market concentration is high.
Geospatial Technology Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2032||US$ 34.5 Bn|
|Growth Rate||CAGR of 12.5 % during 2022-2032|
|Segment Covered||Component, Application, Deployment Mode, Enterprise Size, Industry , Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Alteryx, Trimble Inc., Bentley Systems, Incorporated, CARTO, Descartes Labs, Inc., Esri, Fugro, General Electric, Google|
The study is a source of reliable data on:
- Market segments and sub-segments
- Industry trends and dynamics
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)