Press Release

North America Geospatial Analytics Market to be Driven by the Growing Advancement in Big Data Analytics by 2028

Increase in demand for geospatial solutions in transportation sector is driving the North America Geospatial Analytics Market in the forecast period 2024-2028.

According to TechSci Research report,North America Geospatial Analytics Market – By Country, Competition Forecast & Opportunities, 2018-2028,” the North America Geospatial Analytics Market is expected to register robust growth during the forecast period 2024-2028. The North America Geospatial Analytics market is rising through the forecast period, owing to the increase in demand for GIS software in smart cities development and urban planning. Additionally, the integration of information systems with a hybrid cloud computing environment for surveying and collecting high quality real-time data has anticipated the growth in the region.

Geospatial analysis refers to a broad range of activities, emphasizes on applying various techniques to data and comprising of geospatial or space related characteristics. The Geographic Information System (GIS) collects geographic data, manages it for analysis, and then displays the referenced geographic information for consumers to access. It has successfully integrated hardware, software, and data. It aids consumers in making decisions by making it simple and quick for them to absorb the facts. Cost saving with increased organizational effectiveness, improved decision-making, improved communication, improved recordkeeping, and better control of geographic factors are all advantages.

The COVID-19 pandemic had caused a significant impact on the economy. However, not all industries were equally affected. While sectors such as tourism and travel faced challenges, Geospatial analytics companies witnessed an increment in growth rates during this challenging time. Technologies are helping ventures to streamline their processing of both enterprise and spatial data for greater location awareness across business processes. With the shift towards remote work, innovation in drone/UAV technology along with increasing penetration and adoption of Internet of things (IoT) coupled with rising demand for big data and Artificial Intelligence and so on, saw an increase in growth. Increasing hybrid cloud computing environment for surveying and collecting high quality real-time data and adoption of software-based platforms will positively impact the North America Geospatial Analytics Market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "North America Geospatial Analytics Market.”

The North America Geospatial Analytics market is segmented into Component, Deployment Mode, Type, Application, End User Industry, Region and Competitive Landscape. Based on Component, the market is segmented into Solution and Service. Based on Deployment Mode, the market is divided into On-Premises and Cloud. Based on Type, the market is divided into Surface & Field Analytics, Network & Location Analytics, Geo-visualization. By Application into Surveying, Medicine & Public Safety, Disaster Risk Reduction & Management, Climate Change Adaptation, Others). Based on End User Industry, the market is fragmented into Automotive, Energy & Utilities, BFSI, Agriculture, Defense & Intelligence, Government, Healthcare, and Others.

In 2022, surveying application accounted for highest share of the Geospatial Analytics Market of North America, and it is expected to register a very high CAGR between 2024-2028. Remote monitoring has become an essential practice for businesses owing to its wide-scale adoption in agriculture, and natural resource planning, which are expected to bring significant benefits to organizations and nations. Defense & intelligence is the fastest-growing segment in the North America Geospatial Analytics Market, which is projected to grow with a very high CAGR during the projected period. During COVID-19, to ensure continuity of safety and surveillance, mostly government institutions and defense industries are utilizing the remote sensing satellites for patrolling border and gathering information about ground targets and terrain analysis. In the future, remote working will likely be a developing trend in North America, which is expected to fuel market expansion throughout the projection period.

Key market players in the North America Geospatial Analytics Market include:

  • Alteryx, Inc.
  • Advent International Corporation
  • Trimble, Inc.
  • MapLarge, Inc.
  • L3 Harris Technologies, Inc.
  • Bentley Systems, Inc.
  • ESRI, Inc.
  • General Electric Company
  • Oracle Corporation
  • Google LLC

Recent Developments

  • On February 08, 2023: Esri, a leader in mapping and location intelligence announced the release of new online application ‘Sentinel-2 Land Cover Explorer’. The application makes visualizing and understanding satellite data more accessible for decision-makers and will support easy to view and leverages the same geographic information system (GIS) technology behind the land-cover map.
  • On July 12, 2022: Trimble Navigation announced the introduction of TDC650, the next generation high performance data collector mapping solution for GIS Field applications portfolio. The TDC650 offers users a rugged solution with scalable high-accuracy Global Navigation Satellite System (GNSS) enabling GNSS positioning for industry leading applications.

 

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Ongoing advancements in digital content, online streaming with multi-OTT platforms approaches that will lead to a breakdown of barriers between providers are boosting the North America Geospatial Analytics market in the forecast years. Several initiatives and investments by countries like the US and Canada in geospatial has motivated the service providers to offer innovative solutions in geospatial environment. Businesses’ digital revolutions are significantly contributing towards this rapid growth. Moreover, one of the biggest factors driving the demand for geospatial analytics solutions in the North America is the remote work, real-time revolution and emergence of big data and advancement in computing capacity for geospatial research. The major companies such as ESRI, Inc., Trimble Inc, Alteryx, Inc. etc. are offering numerous technologies that are aiding the government and customers to utilize geospatial analytics vividly without facing any challenges. Furthermore, growing investments in the GIS has generated a need for networks that can guarantee dependability, speed, and security across the North America.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


North America Geospatial Analytics Market By Component (Solution, Service), By Deployment Mode (On-Premise, Cloud), By Type (Surface & Field Analytics, Network & Location Analytics, Geo-Visualization), By Application (Surveying, Medicine & Public Safety, Disaster Risk Reduction & Management, Climate Change Adaptation, Others), By End User Industry (Automotive, Energy & Utility, BFSI, Agriculture, Defense & Intelligence, Government, Healthcare, Others), By Country, Competition Forecast & Opportunities, 2028
F has assessed the North America Geospatial Analytics market's future development potential and provides data and information on market size, structure, and projected market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyzes emerging trends, as well as key drivers, constraints, and opportunities in the North America Geospatial Analytics market.


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