According to TechSci Research report, “United States Geospatial Analytics Market - By Region, Competition Forecast & Opportunities, 2018-2028F”, the United States Geospatial Analytics Market is expected to register robust growth during the forecast period 2024-2028.
The United States Geospatial Analytics market is experiencing growth throughout the forecast period, driven by rising demand for GIS software in smart city development and urban planning. Additionally, the integration of information systems with hybrid cloud computing environments for surveying and high-quality real-time data collection is anticipated to further boost market expansion.
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Geospatial analysis encompasses a wide range of activities focused on gathering, manipulating, and displaying Geographic Information System (GIS) data and imagery, including GPS and satellite photographs. GIS systems collect and manage geographic data, analyze it, and present refined information for user access. This technology successfully integrates hardware, software, and data, facilitating quicker and easier decision-making. Key benefits include cost savings, enhanced organizational efficiency, improved decision-making, better communication, streamlined recordkeeping, and more effective management of geographic factors.
The COVID-19 pandemic had a significant impact on the global economy, with some sectors like tourism and travel facing substantial challenges. However, Geospatial analytics companies saw growth during this period. Technological advancements are enabling businesses to streamline their processing of both enterprise and spatial data, enhancing location awareness across various processes. The shift towards remote work, coupled with innovations in drone/UAV technology, increasing adoption of the Internet of Things (IoT), and rising demand for big data and Artificial Intelligence, has fueled market growth. The expansion of hybrid cloud computing for high-quality real-time data collection and the growing use of software-based platforms are expected to positively influence the United States Geospatial Analytics market.
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The United States Geospatial Analytics market is segmented into several key categories: component, deployment mode, type, application, end-user industry, and region.
- Component: The market is divided into solutions and services.
- Deployment Mode: It includes on-premises and cloud-based options.
- Type: This segment encompasses surface & field analytics, network & location analytics, and geo-visualization.
- Application: Applications are categorized into surveying, medicine & public safety, disaster risk reduction & management, climate change adaptation, and others.
- End-User Industry: This includes automotive, energy & utilities, BFSI (banking, financial services, and insurance), agriculture, defense & intelligence, government, healthcare, and other sectors.
- Region: The market is analyzed regionally, covering the West, North-East, Mid-West, and South regions.
In 2022, the surveying application held the largest share of the U.S. Geospatial Analytics market and is projected to experience significant growth with a high CAGR from 2024 to 2028. Remote monitoring has become increasingly vital due to its extensive use in agriculture and natural resource planning, offering considerable benefits to both organizations and nations. The military intelligence sector is the fastest-growing segment, expected to see robust growth during the forecast period. During the COVID-19 pandemic, remote sensing satellites were crucial for government and defense sectors to maintain safety and surveillance, including border patrolling and terrain analysis. Looking ahead, the rise of remote working is anticipated to further drive market expansion throughout the projection period.
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Key market players in the United States Geospatial Analytics Market include:
- Alteryx, Inc.
- Advent International Corporation
- Trimble, Inc.
- MapLarge, Inc.
- L3 Harris Technologies, Inc.
- Bentley Systems, Inc.
- ESRI, Inc
- General Electric Company
- Oracle Corporation
- Google LLC
Recent Development
On February 08, 2023: Esri, a leader in mapping and location intelligence announced the release of a new online application ‘Sentinel-2 Land Cover Explorer’. The application makes visualizing and understanding satellite data more accessible for decision-makers and will support easy to view and leverages the same geographic information system (GIS) technology behind the land-cover map.
On July 12, 2022: Trimble Navigation announced the introduction of TDC650, the next generation high performance data collector mapping solution for GIS Field applications portfolio. The TDC650 offers users a rugged solution with scalable high-accuracy Global Navigation Satellite System (GNSS) enabling GNSS positioning for industry leading applications.
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“As the market is yet to mature, there are ample opportunities for investors in the United States geospatial analytics market. While the country’s several initiatives and investments have motivated the service providers to offer an innovative solution in geospatial environment. Businesses’ digital revolutions are significantly contributing towards this rapid growth. Moreover, one of the biggest factors driving the demand for geospatial analytics solution in the United States are, the remote work, real-time revolution and emergence of big data, and advancement in computing capacity for geospatial research. The presence of top companies is offering numerous technologies that help in allowing the employees to utilize it without facing any challenges. Furthermore, government investments have generated a need for networks that can guarantee dependability, speed, and security across the United States.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
United States Geospatial Analytics Market By Component (Solution, Service), By Deployment Mode (On-Premise, Cloud), By Type (Surface & Field Analytics, Network & Location Analytics, Geo-visualization), By Application (Surveying, Medicine & Public Safety, Disaster Risk Reduction & Management, Climate Change Adaptation, Others), By End User Industry (Automotive, Utility & Communication, Government, Defense & Intelligence, Others), By Region, Competition Forecast & Opportunities, 2028F has assessed the United States Geospatial Analytics market's future development potential and provides data and information on market size, structure, and projected market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, constraints, and opportunities in the United States Geospatial Analytics market.
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