Geospatial Analytics Market by Offering, Technology, Vertical, and Region - Global Forecast to 2028 - Price: Rs. 0

Bharat Book Bureau Provides the Trending Market Research Report on “Geospatial Analytics Market by Offering (Solutions (Type (Geocoding & Reverse Geocoding and Thematic Mapping & Spatial Analytics)) & Services), Technology (Remote Sensing, GPS, GIS), Vertical, and Region - Global Forecast to 2028” under the Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.

The Geospatial Analytics Market is projected to grow from USD 78.5 billion in 2023 to USD 141.9 billion by 2028, at a CAGR of 12.6% during the forecast period. Geospatial analytics, with its foundation in spatial data analysis, offers a comprehensive approach to understanding and extracting insights from geospatial data. Spatial data analysis involves examining the relationships, patterns, and characteristics of spatially referenced information.

Geospatial analytics leverages advanced techniques, such as spatial statistics, spatial interpolation, and spatial modeling, to analyze and interpret spatial data. By utilizing spatial data analysis, geospatial analytics enables the identification of spatial patterns, the detection of spatial clusters or outliers, and the exploration of spatial relationships. It facilitates decision-making processes by providing actionable insights for diverse applications, including urban planning, environmental management, transportation, and public health.

The BFSI vertical is projected to be the largest market during the forecast period

Geospatial analytics is significantly impacting the Banking, Financial Services, and Insurance (BFSI) sector by enabling enhanced risk assessment and fraud detection through the integration of geospatial and customer data, facilitating targeted marketing campaigns and personalized customer engagement based on location-based insights, optimizing branch and ATM networks for improved accessibility and cost-efficiency, improving credit risk assessment and underwriting through analysis of geospatial data on property values and market trends, and aiding in disaster and catastrophe risk management by utilizing geospatial data for accurate risk assessment and claims management. Geospatial analytics is empowering the BFSI sector to make data-driven decisions, improve operational efficiency, and deliver enhanced services to customers.

Among Technology, GPS segment is registered to grow at the highest CAGR during the forecast period

Geospatial analytics is significantly impacting the Global Positioning System (GPS) by leveraging its capabilities to extract valuable insights from geospatial data. Through the integration of GPS data with other geospatial datasets, geospatial analytics enhances the accuracy and precision of location-based analysis, enabling a deeper understanding of spatial patterns, trends, and relationships.

Geospatial analytics enhances GPS applications by providing advanced spatial analysis, predictive modeling, and visualization capabilities, allowing for improved navigation, asset tracking, logistics planning, and location-based services. It empowers businesses and individuals to make informed decisions based on rich spatial insights derived from GPS data, enhancing efficiency, productivity, and decision-making in a wide range of industries and applications.

Among services, consulting services segment is anticipated to account for the largest market size during the forecast period

Geospatial analytics is impacting consulting services by providing valuable spatial insights and data-driven solutions. Consultants can leverage geospatial analytics to analyze location-based data, identify market trends, assess site suitability, and optimize resource allocation. With the integration of geospatial data and advanced analytics techniques, consultants can offer clients enhanced decision-making support, risk assessment, and market analysis.

Geospatial analytics enables consultants to visualize spatial relationships, perform spatial modeling, and generate actionable recommendations, leading to improved strategies, operational efficiencies, and competitive advantages for their clients in various sectors such as real estate, retail, logistics, and urban planning.

North America to account for the largest market size during the forecast period

North America is estimated to account for the largest share of the Geospatial analytics market. The global market for Geospatial analytics is dominated by North America. North America is the highest revenue-generating region in the global Geospatial analytics market, with the US constituting the highest market share, followed by Canada. Geospatial analytics is making a profound impact on North America, revolutionizing various industries and driving innovation.

With its advanced tools and techniques, geospatial analytics enables organizations to harness the power of location-based data for improved decision-making, resource optimization, and operational efficiency. From urban planning and infrastructure development to environmental conservation, disaster management, and healthcare, geospatial analytics plays a critical role in addressing complex challenges and driving sustainable growth in North America. By leveraging spatial insights and analysis, businesses and governments in the region can gain a competitive edge, and create a smarter, more resilient future for their communities.

Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the Geospatial analytics market.

§By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
§By Designation: C-Level Executives: 35%, Directors: 25%, and Others: 40%
§By Region: North America: 40%, APAC: 30%, Europe: 20%, MEA: 5%, Latin America: 5%

Major vendors offering Geospatial analytics solutions and services across the globe are Esri (US), Precisely (US), Caliper Corporation (US), Blue Marble Geographic (US), Google (US), Alteryx (US), Blue Sky Analytics (Netherlands), HexagonAB (Switzerland), TomTom (Netherlands), Trimble (US), Maxar Technologies (US), RMSI (India), Maplarge (US), General Electric (US), Bentley Systems (US), Fugro (Netherlands), Orbital Insights (US), Mapidea (Portugal), Geospin (Germany), Sparkgeo (Canada), Orbica (New Zealand), Descartes Lab (US), Skymap Global (Singapore), ReMOT Technologies (US), CARTO (US), Pasco Corporation (Japan), Geoviet Consulting (Vietnam), Mandalay Technology (Myanmar), GIS Co. Ltd. (Thailand), Suntac Technologies (Myanmar), Geomatic Consulting International (Vietnam), AAM, A Woolpert Company (Australia), Mappointasia (Thailand), Vegastar Technology (Vietnam), and HERE Technologies (Netherlands).

Research Coverage
The market study covers Geospatial analytics across segments. It aims at estimating the market size and the growth potential across differ