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2021
Geospatial Solutions Market

Geospatial Solutions Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A09277
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Dec 2021 | 568 Views
   
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COVID-19

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Geospatial data is geographical information based on location data depicted in terms of longitude & latitude, city or ZIP code, and address. Geospatial information is assembled through satellite, geo tagging, GPS, and remote detecting. Global Information System (GIS) is utilized for mapping and analyzing geospatial information. Remote detecting device is utilized to procure topographical information without physical contact through sensors including radiometer, RADAR, and LiDAR (a laser-based light recognition sensor). Global Positioning System (GPS) includes 24 satellites that circle the earth to determine the accurate location of something on earth. Geo-tagging is the expansion of geological information to media, including pictures and sites as meta-information. Geospatial analytical products consolidate geographic information and business information to pick up data that underpins business choices such as logistics, marketing, and advertising.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD) 

  Segments covered

  Solution Type, Technology, Application, End User, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

HERE Technologies, Esri, Hexagon, Atkins International, Pitney Bowes, Inc., Topcon, Inc., DigitalGlob, General Electric Company, Harris Technologies, Inc., Google LLC, Bentley Motors, Geospatial Corporation, Baidu, Inc., Telenav, Inc., TomTom International B.V., Apple, Inc., Oracle Corporation, Microsoft Corporation, Amazon.com, Inc., IBM Corporation, China Geo-Engineering Corporation, RMSI, and Orbital Insight

 

COVID-19 scenario analysis:

  • The geospatial industry has acted to protect in a lot of emergencies and disasters by boosting alleviation and recovery endeavors 
  • On account of the coronavirus pandemic, the geospatial network is proactive in following the spread of the infection and giving ongoing data 
  • Geographic comprehension is fundamental in distinguishing and reacting to any ailment flare-up explicitly in pandemics 
  • GIS helps disease transmission experts to delineate events against numerous parameters including socioeconomics, surrounding, geologies, and past events to comprehend the root of flare-ups, its spreading pattern, and the force to execute control, preventive & observation measures 
  • General wellbeing organizations approach producers and oversee the need of GIS to comprehend episode designs progressively to distinguish populations in danger and plan on mediation, for example, assess accessible facilities or increment human services limits.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The earth observation section is anticipated to hold the largest market share by 2027. Earth perception satellites monitor the planet for changes ranging from temperature to forestation and ice sheet inclusion. This is conceivable through satellite symbolism, Light Detection and Ranging (LiDAR), and other related advancements. With the development of these technologies, the geospatial solutions market is expected to develop. 

Application and expansion of the market:

Globally, the use of geospatial procedures has seen consistent increment in the recent years. In addition, the openness of geospatial innovation in developed countries including the U.S. and Canada will improve the market in these regions. Increase in utilization of geospatial systems in North America made the region to become the largest market for geospatial systems. Asia-Pacific is expected to be the quickest growing business sector for geospatial systems. The interest for geospatial systems is foreseen grow rapidly during the forecast time frame in countries like the U.S., Canada, the UK, and China. 

Geospatial analytical could be utilized for investigating market divisions based on demography, way of life, and social. This analysis would assist associations with designing their limited time programs and focusing on new users. The requirement for diminishing operational and calculated expenses by associations is foreseen to drive the development of the geospatial analytical market. Governments could utilize geospatial analytical to delineate areas, issue cautions in circumstance of natural calamities, and plan disaster relief/disaster recovery programs. 

Rise of smart urban areas and expanding interest for improving innovations in developing nations are expected to support the geospatial analytics market. The market is foreseen to develop with the expanding utilization of GPS-empowered cell phones. Advancements in drone innovation would offer opportunities in the geospatial solution market. The important challenge for the market is the protection of data identified with geospatial information. Lawful issues identified with individual data could hinder the development of the market. Besides, the starting arrangement of geospatial analytical items requires high venture, which could affect the development of the market.

Key segments covered:

Segments

Sub-segments

  Solution Type

  • Software
  • Hardware
  • Service

  Technology

  • Geospatial Analytics
  • Scanning
  • GNSS & Positioning
  • Earth Observation

  Application

  • Geovisualization
  • Planning & Analysis
  • Surveying & Mapping
  • Asset Management
  • Others

  End User

  • Natural Resource
  • Defense & Intelligence
  • Infrastructural Development
  • Transportation
  • Business
  • Utility
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global geospatial solutions market along with the current trends and future estimations to determine the imminent investment pockets
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global geospatial solutions market share
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global geospatial solutions market growth scenario
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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