DUBLIN--(BUSINESS WIRE)--The "Geospatial Analytics Market by Component , Type, Application, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The geospatial analytics market size is estimated to be USD 40.65 billion in 2018 and is projected to reach USD 86.32 billion by 2023, at a CAGR of 16.3% during the forecast period.
The integration of geospatial technologies with the mainstream technologies and significant advancements in geospatial analytics with the introduction of artificial intelligence and big data are the additional factors contributing to the growth of the geospatial analytics market. However, the high cost of geospatial analytics solutions is a primary factor that is likely to restrain the growth of the market.
Based on component, the software & solutions segment is estimated to lead the geospatial analytics market in 2018. The software & solutions segment is gaining traction in the geospatial analytics market owing to benefits such as the importance of location-based insights in strategic decision-making.
Based on type, the surface & field analytics segment is expected to hold the largest market share in 2018. This is attributed to the increasing adoption of surface & field analytics solutions by enterprises in almost every industry vertical to facilitate strategic decisions.
Based on region, the geospatial analytics market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America. The demand for geospatial data and services in the Asia Pacific region is increasing at a higher pace majorly due to the initiatives taken by the governments to bridge the gap between the prevailing digital technologies and the geospatial technologies.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Geospatial Analytics Market, By Component
7 Market By Type
8 Market By Application
9 Geospatial Analytics Market, By Vertical
10 Geospatial Analytics Market, By Region
11 Competitive Landscape
12 Company Profiles
- AAM Pty Ltd
- Bentley Systems
- Descartes Labs
- Fugro N.V.
- General Electric
- Harris Corporation
- Hexagon AB
- Maxar Technologies
- Orbital Insights
- Pitney Bowes
- Tomtom International BV
For more information about this report visit https://www.researchandmarkets.com/research/75mgbf/glonal_geospatial?w=4