The global geospatial analytics market size is expected to reach USD 134.23 Billion in 2028 and register a CAGR of 12.1% during the forecast period, according to latest analysis by Emergen Research. Some major factors driving market revenue growth of the market are rising use of Artificial Intelligence (AI) and Machine Learning (ML) in geospatial analytics systems, rapid urbanization, rising number of government projects, and advancements in 5G communication technology. For instance, in March 2018, Esri and Microsoft launched Geospatial AI in Azure. Rise in demand for geospatial analytics from the military sector in order to optimize placement of resources by using predictive analytics is another factor contributing to market revenue growth. Geospatial analytics is being widely used in urban planning and smart cities. In addition, geospatial data plays an important role in the development and deployment of 5G network infrastructure.

The report's main goal is to provide an overview of the market, the range of the product, growth possibilities, and hazards. In-depth details on each competitor in the worldwide Geospatial Analytics market are also provided in the study, together with information on their position in the market globally, financial situation, recent product launches, and plans for future growth. The market participants are concentrating on creating a variety of strategies, including alliances, mergers and acquisitions, joint ventures, product launches, and investments in R&D.

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Competitive Terrain:

The global Geospatial Analytics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

ESRI, Precisely, Oracle Corporation, Alteryx, Fugro N.V., Hexagon AB, RMSI, SAP, Trimble Navigation Ltd., Maxar Technologies

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Additional information offered by the report:

Along with a complete overview of the global Geospatial Analytics market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels. The report elaborates on the global Geospatial Analytics market size and share governed by the major geographies. It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators. It further presents a detailed description of the company profiles of the key market contenders. Segments Covered in this report are:

Component Outlook (Revenue, USD Billion; 2018–2028) Solutions Services Solution Outlook (Revenue, USD Billion; 2018–2028) Geocoding and Reverse Geocoding Data Integration and ETL Reporting and Visualization Thematic Mapping and Spatial Analysis Others (DBMS and data storage software) Application Outlook (Revenue, USD Billion; 2018–2028) Surveying Medicine and Public Safety Disaster Risk Reduction and Management Climate Change Adaptation Others (Supply Chain Planning and Optimization, Sales and Marketing Optimization, Predictive Asset Management, and Inventory Management) Radical Highlights of the Geospatial Analytics Market Report:

Comprehensive overview of the Geospatial Analytics market along with analysis of the changing dynamics of the market Growth Assessment of various market segments throughout the forecast period Regional and global analysis of the market players, including their market share and global position Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market Impact of the technological developments and R&D advancements on the Geospatial Analytics market Information about profit-making strategies and developmental strategies of major companies and manufacturers Insightful information for the new entrants willing to enter the market Details and insights about business expansion strategies, product launches, and other collaborations The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis Request Customization as per your specific requirement@ https://www.emergenresearch.com/request-for-customization/724

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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