The research reveals that the global Geospatial Market is estimated to value USD 78 million, thriving at a CAGR of 16.6% during the assessment period from 2016 to 2022.
The report states that the increasing need for geospatial analytics solution with artificial intelligence across several industries is a significant factor resulting in market expansion. Moreover, there has been a surge in the adoption of geospatial solutions for security and safety, which further fuels the market expansion. Besides, As per the research by Market Research Future Reports (MRFR), the Geospatial Market Growth 2020 is primarily driven by the increasing demand for the convergence and integration of geospatial details with mainstream technologies.
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The established competitors of the worldwide geospatial market are Hexagon AB (Sweden), Fugro N.V. (Netherlands), DigitalGlobe, Inc. (U.S.), Bentley Systems, Inc. (U.S.), Trimble Navigation LTD. (U.S.), General Electric Co. (U.S.) ESRI (U.S.), MacDonald, Dettwiler & Associates, Ltd. (Canada), RMSI (India), Harris Corporation (U.S.), and a few others.
On the grounds of technology, the worldwide geospatial market can be classified into GPS, GIS, remote sensing, and others.
On the grounds of the type, the worldwide geospatial market can be classified into network analytics, geo-visualization, surface analytics, and others.
On the grounds of end-users, the worldwide geospatial market can be classified into natural resources, automotive, government, business, utility & communication, defense & intelligence, and others.
On the grounds of the region, the worldwide geospatial market can be segregated into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
As per the analysis by MRFR, the Asia-Pacific region is estimated to lead the worldwide market. The research reveals that the Asia-Pacific region is estimated to acquire the largest market share. The region has been focusing on developing the infrastructure and the smart cities, which is considered to be a significant reason for market expansion. Besides, the region is experiencing increasing adoption and the usage of these analytics across several sections.
Moreover, the region consists of the fastest developing nations of the world, ie. India and China. The presence of India, China, South Korea, and Japan is one of the most crucial factors resulting in regional market expansion.
The key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Geospatial Market Report Market Size for the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
LIST OF TABLES
TABLE 1 GLOBAL GEOSPATIAL MARKET, BY TYPE
TABLE 2 GLOBAL GEOSPATIAL MARKET, BY TECHNOLOGY
TABLE 3 GLOBAL GEOSPATIAL MARKET, BY END-USERS
LIST OF FIGURES
FIGURE 1 RESEARCH TECHNOLOGY
FIGURE 2 GLOBAL GEOSPATIAL MARKET, BY TYPE (%)
FIGURE 3 GLOBAL GEOSPATIAL MARKET, BY TECHNOLOGY (%)
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