Geospatial Analytics Market: Overview

Geospatial is the geographical data having locational information described in terms of coordinates (latitude and longitude), address, city or ZIP code. Geospatial data is gathered through satellite, global positioning system (GPS), geo tagging and remote sensing. Global Information System (GIS) is used for mapping and analyzing geospatial data. Remote sensing tool is used to acquire geographical data without physical contact through sensors such as radars, radiometers and lidar (a laser based light detection sensor).

Global positioning system  comprises  24 satellites that orbit around earth for determining exact position of an object on earth. Geo tagging is addition of geographical data to media such as images and websites in the form of meta-data. Geospatial analytics products combine geographic data and business data to gain information that supports business decisions such as logistics and marketing.

Geospatial Analytics Market: Trends

Geospatial analytics could be used for analyzing market segmentation on the basis of demography, lifestyle and behavioral. This analysis would help organizations to design their promotional programs and targeting new customers. The need for reducing operational and logistic costs by organizations is anticipated to drive the growth of geospatial analytics market. Government could use geospatial analytics to map crime locations, issue alerts in situation of natural calamities and designing disaster recovery mechanisms.

Emergence of smart cities and increasing demand for innovating technologies in developing countries is likely to boost the market for geospatial analytics. The market is anticipated to grow with the increasing usage of GPS enabled smartphone devices. Innovations in drone technology would also increase the opportunities in geospatial analytics market. The major challenge for the market is the privacy issues related to storage of geospatial data. Legal issues related to storage of personal information could also hamper the growth of market. Moreover, initial setup of geospatial analytics products require high investment, therefore could impact the growth of the market. 

Geospatial Analytics Market: Segmentation

Geospatial analytics market can broadly be segmented on the basis of service type, technology type, application and geography. On the basis of service type geospatial analytics market is segmented into surface analysis, network analysis and geo-visualization. Surface analysis analyses the properties of surfaces such as elevation, temperature and rainfall, whereas network analysis provides solutions to business problems such as transportation, warehouse and manufacturing location. Geo-visualization provides interactive ways such as 3D views, charts and images to visualize geospatial data. In terms of technology type, the market can broadly be segmented into remote sensing, GPS and GIS.

On the basis of application the geospatial analytics market is segmented into defense intelligence, medical survey, disaster reduction, natural resources and climate change adaption. Moreover, in terms of geographies, the global geospatial analytics market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America regions. Geospatial analytics market show its strong presence in Europe region as majority of players belong to European countries such as Sweden and Finland. Heavy adoption of geospatial analytics products is seen in oil and gas sector in North America and Asia Pacific to discover potential crude oil and natural gas abundant regions.

Geospatial Analytics Market: Key Players

The major participants in the geospatial analytics market include companies such as Trimble Navigation Limited, Hexagon AB, Topcon Corporation, Garmin Limited, Harris Corporation, MacDonald, Dettwiler and Associates Ltd., Environmental Systems Research Institute Inc., Fugro N.V., Bentley Systems Inc. and International Business Machine (IBM) Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Geospatial Analytics Market

Pre Book