Geospatial analytics market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. Geospatial analytics is used to add timing and location to traditional types of data and to build data visualizations. These visualizations can include maps, graphs, statistics and cartograms that show historical changes and current shifts. The ability of governments to utilize these analytics to map crime locations, issue alerts during natural disasters, and design effective disaster recovery mechanisms is a key factor driving the growth of the global market. Additionally, the rise of smart cities and the growing demand for innovative technologies in developing countries contribute to the market’s growth.
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The widespread use of GPS-enabled smartphones and the advancements in drone technology are further contributing to global market. These technological advancements create opportunities for capturing and analyzing geospatial data in real-time, empowering organizations to make informed decisions based on accurate and up-to-date information. For instance, in October 2023, Hayden AI has announced the successful closing of its $53 million Series B funding round. Hayden AI’s platform provides data-driven intelligence applications that help governments and businesses solve real world problems using geospatial analytics. Growing funding for geospatial analytics R&D is further contributing to the global market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Geospatial Analytics Market Report Segment
By Type
- Surface Analysis
- Network Analysis
- Geo Visualization
End-user Industry
- Agriculture
- Utility and Communication
- Defense and Intelligence
- Government
- Natural Resources
Global Geospatial Analytics Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global geospatial analytics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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