Geospatial Analytics Market Size, Share, Opportunities, And Trends By Component (Software, Services), By Type (Surface & Field Analytics, Network & Location Analytics, Geovisualization, Others), By Enterprise Size (Small and Medium, Large), By Application (Surveying, Medicine & Public Safety, Military Intelligence, Disaster Risk Reduction & Management, Climate Change Adaptation (CCA), Others), And By Geography - Forecasts From 2024 To 2029

The geospatial analytics market is poised to grow at a CAGR of 22.83%, thereby reaching a market size of US$327.820 billion in 2029 from estimated value of US$117.232 billion in 2024.

Geospatial analytics is a type of computational analysis that leverages spatial and geography-location data using high-resolution imagery. It is used to structure necessary insights that are used in decision-making related to specific industrial applications. Such analytics creates data visualization, which assists in the prediction of trends.

The growing technological innovation in military intelligence and investment to bolster location-based services, followed by the ongoing developments in geospatial technology, has provided new growth prospects for the market.

Moreover, emerging technologies such as Artificial Intelligence (AI) and the Internet of Things are acting as an additional driving factor for market growth.

What are the geospatial analytics market growth drivers? 

• Favorable efforts to bolster satellites and location-based services have accelerated the market growth

Efforts in advancing satellite imaging, GPS, and other location-based technologies have enhanced the overall analysis of proximity, distance, and contiguity-related hidden datasets. Space agencies are working to improve their imaging technology, opening new paths for geospatial analytics. Further, Location-based services (LBS) are becoming increasingly popular in the retail, transportation, and logistics industries which rely on insights to optimize their routing and logistics operations. Moreover, geospatial analytics enables companies to understand their consumer demographics and improve overall efficiency.

Additionally, geospatial analytics also finds high applicability in the defense sector for tracking illicit vessel activities, and with the growing effort to safeguard borders, the demand for geospatial systems is estimated to show positive growth. In May 2024, the National Geospatial Intelligence Agency opened its first commercial solution, which would provide direct-to-warfighter commercial analytics for maritime operations. The solution would track, monitor, and identify any illicit maritime vessel movement in the U.S Indo-Pacific command area.

• Growth in the Internet of Things (IoT) has propelled the market expansion.

IoT technology is on the rise and their integration with sensors and GPS-enabled devices has established a blueprint for applying such technology in the collection and analysis of geographic-based data. This has helped to fuel demand for geospatial analytics solutions, particularly in areas such as smart cities and transportation.

Geospatial Analytics Market Segmentation Analysis

• The geo-visualization is estimated to show significant growth. 

By type, the geospatial analytics market is analyzed into surface & field analytics, network & location analytics, geo-visualization, and others. The Geo-visualization segment is set to show remarkable growth as the demand for technology is gaining traction in major areas such as oil & gas, and utilities, where effective management of assets is critical.

Besides utilities, geo-visualization also finds applicability in defense, agriculture, and healthcare fields. Governing authorities are taking necessary steps to bolster its adoption. For instance, as per the PIB September 2022 release, a technical advisory committee was held under the chairmanship of the Agriculture secretary, which aimed to transform the MNCFC (Malahanobis National Crop Forecast Center) into a Center of Excellence for Geospatial Technology Applications. The committee aimed to elevate the utilization of drones and AI/ML for making informed decisions relating to agricultural activities.

What are the key geographical trends shaping the geospatial analytics market?

• North America is poised to show quickest growth during the given period.

Geography-wise, North America is anticipated to hold considerable market share and will grow at a quick pace, which is attributable to the well-established presence of major players, followed by investment in imaging technological advancements and promotion of their applicability across various industrial verticals.

Strategic collaboration of companies specialized in earth-observation satellites with research institutes and authorities in regional economies, namely the United States and Canada, has led to an upward market trajectory. For instance, in November 2023, Satellogic Inc., which specialized in providing sub-meteor Eart Observation data, was granted a remote sensing license by the National Oceanic and Atmospheric Administration, which enabled the former to include US-based ground stations in its network. The collaboration would provide US civil, defense, and intelligence agencies with a set of rapid & accurate geospatial data for a range of applications on a global scale.

In November 2023, the U.S. Agency for International Development (USAID) launched its first “Geospatial Strategy”, which aimed to leverage geospatial technology & data for delivering international programs. The approach integrates mapping technology and decision-making based on geographical information with policies & practices focused on the development of humanitarian assistance.

Additionally, the Asia Pacific and European regions are estimated to constitute a considerable share and are poised to grow steadily, fuelled by the ongoing agreement establishments between geospatial and regional pace agencies and efforts to secure national borders.

Recent developments in the geospatial analytics market:

• April 2024: Esri GIS, in collaboration with London Gatwick, developed a geospatial platform featuring the former’s GIS technology. The platform supports multiple operational areas at the airport, including environmental and engineering services. Its new insights would bolster better decision-making and collaboration across London Gatwick.
• October 2022: AcreTrader launched its geospatial analytics platform “Acres” for mobile and desktop and would provide access to local insights, and comparable sales of U.S.-related 150 million land parcels. The platform consolidates and analyses public and private data into an easy-to-use interface.
• July 2022: Spectra Geospatial launched a product under its mapping and geographic information portfolio, “SP30”, which is a high-performance data collector for GIS and inspection activities. The system, owing to its rugged and high accuracy GNSS (Global Navigation Satellite System) positioning, is ideal for professional field work.
• June 2022: ICEYE launched its geospatial platform, “ICEYE Insight”, which would provide unique flood-related information and analysis to insurance companies to assist them in property insurance analysis. The platform utilizes the “EigenPrism®” catastrophe risk management tool, which automatically updates the data in real-time following the flood event.

Geospatial Analytics Market Scope:

Report Metric	Details
Geospatial Analytics Market Size Value in 2024	US$117.232 billion
Geospatial Analytics Market Size Value in 2029	US$327.820 billion
Growth Rate	CAGR of 22.83% from 2024 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Component Type Enterprise Size Application Geography
Companies Covered	ESRI TomTom International BV Fugro Bentley Systems Incorporated SAP SE
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Geospatial Analytics Market is analyzed into the following segments:

• By Component
  • Software
  • Services
• By Type
  • Surface & Field Analytics
  • Network & Location Analytics
  • Geovisualization
  • Others
• By Enterprise Size
  • Small and Medium
  • Large
• By Application
  • Surveying
  • Medicine & Public Safety
  • Military Intelligence
  • Disaster Risk Reduction & Management
  • Climate Change Adaptation (CCA)
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GEOSPATIAL ANALYTICS MARKET BY COMPONENT

5.1. Introduction 

5.2. Software

5.3. Services

6. GEOSPATIAL ANALYTICS MARKET BY TYPE

6.1. Introduction 

6.2. Surface & Field Analytics

6.3. Network & Location Analytics

6.4. Geovisualization

6.5. Others

7. GEOSPATIAL ANALYTICS MARKET BY ENTERPRISE SIZE

7.1. Introduction 

7.2. Small and Medium

7.3. Large

8. GEOSPATIAL ANALYTICS MARKET BY APPLICATION

8.1. Introduction 

8.2. Surveying

8.3. Medicine & Public Safety

8.4. Military Intelligence

8.5. Disaster Risk Reduction & Management

8.6. Climate Change Adaptation (CCA)

8.7. Others

9. GEOSPATIAL ANALYTICS MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Component

9.2.2. By Type

9.2.3. By Enterprise Size

9.2.4. By Application

9.2.5. By Country

9.2.5.1. United States

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Component

9.3.2. By Type

9.3.3. By Enterprise Size

9.3.4. By Application

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Component

9.4.2. By Type

9.4.3. By Enterprise Size

9.4.4. By Application

9.4.5. By Country

9.4.5.1. Germany

9.4.5.2. France

9.4.5.3. United Kingdom

9.4.5.4. Spain

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Component

9.5.2. By Type

9.5.3. By Enterprise Size

9.5.4. By Application

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Others

9.6. Asia Pacific

9.6.1. By Component

9.6.2. By Type

9.6.3. By Enterprise Size

9.6.4. By Application

9.6.5. By Country

9.6.5.1. China

9.6.5.2. Japan

9.6.5.3. India

9.6.5.4. South Korea

9.6.5.5. Indonesia

9.6.5.6. Taiwan

9.6.5.7. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. ESRI

11.2. TomTom International BV

11.3. Fugro

11.4. Bentley Systems Incorporated

11.5. SAP SE

11.6. Google LLC

11.7. RMSI

11.8. Hexagon AB

11.9. CARTO

11.10. ALTERYX, INC.

ESRI

TomTom International BV

Fugro

Bentley Systems Incorporated

SAP SE

Google LLC

RMSI

Hexagon AB

CARTO

ALTERYX, INC.