Surface & Field Analytics Segment to Dominate United States Geospatial Analytics Market Through 2025
According
to TechSci Research report, “United
States Geospatial Analytics Market By Component, By Deployment Mode, By
Type, By Application, By End User Industry, Competition, Forecast & Opportunities, 2025” the United States geospatial analytics market is projected
to grow at a formidable CAGR during the forecast period on account of rapid technological
advancements in the field of GIS technology, growing use of GPS devices, recent
trends in integration and convergence of geospatial technologies and increasing
application of geospatial analytics in city and town planning. Moreover,
surging use of geospatial analytics in the automotive industry because of the increasing
safety concerns among passengers, is anticipated to give a healthy push to the
growth of geospatial analytics market in the country over the next 5 years.
However, some of the factors such as high acquisition costs, limited presence
of open standards and interoperability mechanisms, lack of skilled human
resources and integration issues between GIS and environmental resources
management systems might hamper the growth of United States geospatial
analytics market through 2025.
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The United States geospatial analytics market is segmented based on component, deployment mode, type,
application, end user industry, region and company. In terms of component,
the market can be segmented into software & solution and service. Out of
which, the software & solutions segment held the largest market share until
2019 and is anticipated to maintain its lead during the forecast period as well,
which can be attributed to the adoption of geospatial software & solutions
by enterprises to acquire location-based business intelligence for informed
decision-making. In terms of type, the surface & field analytics segment is
projected to witness high growth in the forthcoming years, which is attributable
to the rising adoption of surface & field analytics solutions in various
industry verticals, thereby facilitating strategic decisions. Surface &
field analytics is being widely used by infrastructure development in order to
determine the water flow on the earth surface, that is used to design drainage
systems as well as in agriculture industry sector to understand topsoil
erosion.
Alteryx, DigitalGlobe, Trimble
Navigation, MapLarge, Harris Corporation, Bentley Systems, ESRI, General
Electric, Oracle, Google and others are some of the leading players operating
in United States geospatial analytics market.
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“The
United States geospatial analytics market is projected to grow rapidly during
the forecast period due to high application and adoption of latest technologies
like Internet of Things (IoT), cloud computing, artificial intelligence (AI), big
data, and business intelligence tools. In addition to this, presence of major
market players in the region like Alteryx, Inc., Trimble Navigation Ltd.,
DigitalGlobe, Harris Corporation, Google and others, is expected to further fuel
the growth of United States geospatial analytics market through 2025.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United States Geospatial Analytics Market By
Component, By Deployment Mode, By Type, By Application, By End User Industry, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of United
States geospatial analytics market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in United states
geospatial analytics market.
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