|
Forecast Period
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2023-2028
|
|
Market Size (2022)
|
USD 18.87 Billion
|
|
CAGR (2023-2028)
|
12.45%
|
|
Market Size (2028)
|
USD 38.46 Billion
|
|
Fastest Growing Segment
|
Cloud
|
|
Largest Market
|
South
|
United States Geospatial Analytics Market is
anticipated to grow at a high CAGR in the forecast period 2024-2028. The emergence of modern geospatial cloud, rapid advancement,
and 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 has enabled the Geospatial
information system (GIS) solution. 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.
Moreover, users are looking for remote access at reasonable costs, which
maintains their privacy, therefore increase in demand for GIS software in smart
cities development and urban planning. These factors are driving the United
States geospatial analytics market for the forecast period. Additionally, the growing usage of GIS
applications for defense and intelligence, government, urban planning,
environmental, and life science is likely to boost the demand for geospatial
based analytical tools across the country. The supporting initiatives and growing
investment in the region are driving businesses to expand, to meet rising
client demand. However, lack of awareness about the potential capabilities of
the geospatial analytics solution may hamper the market's growth.
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
refined 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, communication, and recordkeeping,
and better control of geographic factors are all advantages.
The market is witnessing
growth due to the constantly increasing demand for capturing real-time
geographical data from all sectors. Additionally, the increasing emphasis on
digital adoption by the government and awareness of key benefits like increased
convenience and cost-saving by adopting software for numerous organizations
would further lead to significant growth in the adoption of geospatial analysis
across the country. The top service providers offer a location
intelligence solution that can drive innovation across the business by
supporting faster innovation, providing superior customer experiences, and
enabling better business decisions with built-in analytics and a holistic view
of the entire business. Along with geospatial, the top companies are providing
services, with major applications in Climate Change Adaption (CCA) and Disaster
Risk Reduction and Management (DRRM). Hence, complying with the demands of
business and senior management, United States Geospatial Analytics Market is
the most prospective industry for the future of the country, considering the
scope of dynamism and continuously updating technology.
Adoption of IoT and Sensors Technologies
is Driving the Market in the Forecast Period
The massive adoption of
Internet of Things (IoT) and smart sensors technologies in the business are
enabled the growth of many products and services. Geospatial analytics
solutions integrated with IoT, and sensors is one of the concepts that most of
the industries are adopting as its aids in assessing the risk, and monitoring
the remote assets, etc. Complex
data could not be managed by traditional GIS, which could only consider static,
organised information. Get over this problem, modern GIS relies on the
availability of on-demand spatiotemporal data observations and data. These
integrated technologies and geographic data services aids in enabling the
collection of high-velocity data. Moreover,
spatial IoT provides unique location and time information along with other data
about items monitored business applications becoming more prevalent choice for
branch offices and other facilities. Furthermore, the geospatial service
provider with the adoption of IoT are simplifying the complex relationship
through visualization and enhancing the predictive analytics offering the enriched
customer’s experience in the virtual and physical world. Therefore, Geospatial
data analytics services are driving the United States Geospatial Analytics
Market.
Increase in Demand for GIS Software in Smart Cities Development
and Urban Planning
Real-time awareness sharing
is essential for data-driven smart cities. Provide immediate helpful insights,
the data is reviewed by a corporate GIS and shown on a map utilising data
acquired from hundreds of IoT sensors. These data may be used to track the
delivery of municipal services and to spot potential areas for local council service
improvement. Local governments have also used location-based Internet of Things
(IoT) data analysis to improve parks, increase safety, and foster innovation.
As projects for smart cities are established, GIS technologies are employed to
provide a universal location-enabled platform for use case research in smart
city contexts. These include automated natural hazard monitoring with online
GIS and SMS warnings, urban planning, intelligent transportation systems,
disaster management SDI, and climate monitoring. The administration of
construction projects and project operations, as well as site selection and
land acquisition, planning, designing, and visualisation, are all made easier
using GIS software in smart cities. Urban planning experts use GIS for analysis,
modelling, and visualisations. Processing geospatial data via satellite
imaging, aerial photography, and remote sensors provides users with a full
perspective of the land and infrastructure. Throughout the projected period,
the advantages of GIS drive the market's rise for geospatial analytics.
Growing Demand of GIS in
Defence and Intelligence is Pushing the Market Growth
Historically, the defence
and intelligence end-user’s verticals has been one of the forerunners, in terms
of geospatial analytics adoption for gathering actionable intelligence from
massive amount of imagery and other information. Geospatial intelligence
represents the complete integration of a nation’s imagery and geospatial
capabilities in support of defence and intelligence needs, helping in military
bases facilitates maintenance, reducing base operation and maintenance costs,
and improve mission effectiveness. Moreover, armed forces are utilizing GIS in
a plenty of applications that consist of cartography, remote sensing,
intelligence, terrain analysis, battlefield management, and observing potential
terrorist activities to resolve conflicts, protect troops, assess risks, and
gain information about enemy operations directly. This the demand in the sector
is rapidly growing and anticipating the growth of United States Geospatial
Analytics Market in the forecast period.
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Market Segments
The United
States Geospatial Analytics market is segmented into component, deployment
mode, type, application, end user industry, and region. 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
separated into surface & field analytics, network & location analytics,
and geo-visualization. Based on application, the market is segmented into surveying,
medicine & public safety, disaster risk reduction & management, climate
change adaptation, and others. Based on end user industry, the market is
fragmented into automotive, energy & utilities, BFSI, agriculture, defense
& intelligence, government, healthcare, and others. The market analysis
also studies the regional segmentation to devise regional market segmentation,
divided among West, North-East, Mid-West, and South.
Market Players
Major
market players of United States
Geospatial Analytics Market are 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. achieving good market
growth, businesses that are active in the market employ organic strategies such
as product launches, mergers, and partnerships.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 –
2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments covered
|
By Component
By Deployment Mode
By Type
By Application
By End User Industry
By Region
|
|
Regional scope
|
West
Region, North-East Region, Mid-West Region, South Region
|
|
Key companies profiled
|
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
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
|
Report Scope:
In this report, United States Geospatial Analytics Market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
·
United States Geospatial Analytics Market, By Component
o
Solution
o
Service
·
United States Geospatial Analytics Market, By Deployment
Mode
o On-Premises
o Cloud
·
United States Geospatial Analytics Market, By Type
o Surface
& Field Analytics
o Network
& Location Analytics
o Geo-visualization
·
United States Geospatial Analytics Market, By Application
o Surveying
o Medicine
& Public Safety
o Disaster Risk Reduction &
Management
o Climate
Change Adaptation
o Others
·
United States Geospatial Analytics Market, By End User
Industry
o Automotive
o Energy
& Utilities
o BFSI
o Agriculture
o Defense
& Intelligence
o Government
o Healthcare
o Others
·
United States Geospatial Analytics Market, By Region:
o
West
o
North-East
o
Mid-West
o
South
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in United States
Geospatial Analytics Market
Available Customizations:
United States Geospatial Analytics Market with the
given market data, Tech Sci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United States Geospatial Analytics Market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]