The Geospatial Analytics Market to grow by USD 102.97 billion between 2022 to 2027|Alphabet Inc. and Alteryx Inc. are major Vendors - Technavio

NEW YORK, July 28, 2023 /PRNewswire/ -- The latest report on the geospatial data analytics market is estimated to grow by USD 102.97 billion between 2022 and 2027, accelerating at a CAGR of 17.72% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The increasing adoption of geospatial data analytics in the healthcare and insurance sectors is a key factor driving market growth. Geodata infrastructure is used to improve patient care and personal health in medical informatics. The major applications are tracking water quality in major cities, studying individual locations and chemical exposure, and visualizing heart disease and stroke risk. The global demand for geospatial analysis solutions is also driven by the increasing application of geospatial analysis in mapping infected areas (of the human body) and the growing popularity of medical tourism. Hence, the increasing adoption is expected to drive market growth during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Geospatial Analytics Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Geospatial Analytics Market 2023-2027 Size
• Geospatial Analytics Market 2023-2027 Trends
• Geospatial Analytics Market 2023-2027 Industry Analysis

Geospatial Analytics Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also must leverage the existing growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. Alphabet Inc., Alteryx Inc., Autodesk Inc., Bentley Systems Inc., CartoDB Inc., Development Seed, Esri Global Inc., Fugro NV, General Electric Co., Geomap Co., Hexagon AB, International Business Machines Corp., L3Harris Technologies Inc., Maxar Technologies Inc., Pitney Bowes Inc., QlikTech International AB, SAP SE, TomTom NV, Topcon Positioning Systems Inc., and Trimble Inc. are among some of the major market participants.

Vendor Offering

• Alphabet Inc. - The company offers geospatial data analytics through Google Earth Engine.
• Alteryx Inc. - The company offers geospatial data analytics with geocoding, heat maps, and street maps.
• Autodesk Inc. - The company offers geospatial data analytics software namely Autodesk Geospatial software.

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Geospatial Analytics Market 2023-2027– Market Dynamics

Major Trends

The emergence of smart cities is a major trend in market growth. The term smart city refers to the integration of various digital technologies that improve communication between devices by increasing device performance, reducing costs, and contributing to efficient use of resources. GIS is increasingly being used to build smart cities. Furthermore, a few of the many steps required to implement a smart city project are designing digital city models, data acquisition using sensor layers, data analysis, interactive data presentation, and system control. Thus, these factors are expected to drive market growth during the forecast period.

Significant Challenges

Data privacy and security concerns are significant challenges restricting market growth. This is due to the devices that are connected to the internet and rely on the use of both private and public networks. Increased connectivity and data sharing are increasing data breaches and cybersecurity issues. An organization's system network contains many devices, which can sometimes lead to interoperability issues. Therefore, in industrial environments, the risk of cyberattacks on data collected from sensors and devices is high. Such information is accessible online and must pass through multiple layers of authentication. Hence, the increasing security concerns are expected to restrict market growth during the forecast period.

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Geospatial Analytics Market 2023-2027: Segmentation

Geospatial Analytics Market is segmented as below:

• Technology 
• GPS
• GIS
• Remote Sensing
• Others
• End-user 
• BFSI
• Government and Utilities
• Telecom
• Manufacturing and Automotive
• Retail and Others
• Geography 
• North America
• Europe
• APAC
• Middle East and Africa
• South America

The market share growth by the GPS segment will be significant for overall market growth during the forecast period. GPS allows for the georeferencing, positioning, navigation, and control of time and frequency, thus helping it to become the largest segment of the global geospatial data analytics market. Furthermore, this trend is also expected to continue in the coming years due to its various applications. The use of a GPS as a data input for a GIS has become common to collect field data and locate precise geospatial data. In addition, It is a satellite-based radio navigation system that is owned by the US government and run by the US Space Force. Hence, such factors are expected to drive segment growth during the forecast period.

North America is estimated to account for 39% of the global market growth during the forecast period. The region is considered a pioneer in implementing cutting-edge technologies across various industries. The industrial sector is technologically advanced and mature throughout the region. As the industry is more developed, there are more success stories that accelerate innovation in the region. Furthermore, the major vendors in the market have a strong presence and penetration in the North American region. Hence, the increasing innovations are expected to drive market growth during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021) & forecast (2023-2027) – Download a Sample Report

Geospatial Analytics Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist geospatial analytics market growth during the next five years
• Estimation of the geospatial analytics market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the geospatial analytics market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the geospatial analytics market, vendors

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global geospatial analytics market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global geospatial analytics market 2017 - 2021 ($ billion)

• 4.2 Technology Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Historic Market Size

• 5.1 Global geospatial analytics market 2022 - 2027
• Exhibit 23: Historic Market Size (value) – Data Table on Global geospatial analytics market 2022 - 2027 ($ billion)
• Exhibit 24: Historic Market Size (volume) – Data Table on Global geospatial analytics market 2022 - 2027 ($ billion)

• 5.2 Global geospatial analytics market by Segment – Historic Analysis 2022 - 2027
• Exhibit 25: Historic Market Size (value) - Data Table on Global geospatial analytics market Segment 2022 - 2027 ($ billion)

6 Five Forces Analysis

• 6.1 Five forces summary
• Exhibit 26: Five forces analysis - Comparison between 2022 and 2027

• 6.2 Bargaining power of buyers
• Exhibit 27: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 6.3 Bargaining power of suppliers
• Exhibit 28: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 6.4 Threat of new entrants
• Exhibit 29: Threat of new entrants – Impact of key factors in 2022 and 2027

• 6.5 Threat of substitutes
• Exhibit 30: Threat of substitutes – Impact of key factors in 2022 and 2027

• 6.6 Threat of rivalry
• Exhibit 31: Threat of rivalry – Impact of key factors in 2022 and 2027

• 6.7 Market condition
• Exhibit 32: Chart on Market condition - Five forces 2022 and 2027

7 Market Segmentation by Technology

• 7.1 Market segments
• Exhibit 33: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 34: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology
• Exhibit 35: Chart on Comparison by Technology
• Exhibit 36: Data Table on Comparison by Technology

• 7.3 GPS - Market size and forecast 2022-2027
• Exhibit 37: Chart on GPS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on GPS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on GPS - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on GPS - Year-over-year growth 2022-2027 (%)

• 7.4 GIS - Market size and forecast 2022-2027
• Exhibit 41: Chart on GIS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on GIS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on GIS - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on GIS - Year-over-year growth 2022-2027 (%)

• 7.5 Remote sensing - Market size and forecast 2022-2027
• Exhibit 45: Chart on Remote sensing - Market size and forecast 2022-2027 ($ billion)
• Exhibit 46: Data Table on Remote sensing - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Chart on Remote sensing - Year-over-year growth 2022-2027 (%)
• Exhibit 48: Data Table on Remote sensing - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 49: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 52: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Technology
• Exhibit 53: Market opportunity by Technology ($ billion)
• Exhibit 54: Data Table on Market opportunity by Technology ($ billion)

8 Market Segmentation by End-user

• 8.1 Market segments
• Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)

• 8.2 Comparison by End-user
• Exhibit 57: Chart on Comparison by End-user
• Exhibit 58: Data Table on Comparison by End-user

• 8.3 BFSI - Market size and forecast 2022-2027
• Exhibit 59: Chart on BFSI - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on BFSI - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 8.4 Government and utilities - Market size and forecast 2022-2027
• Exhibit 63: Chart on Government and utilities - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Government and utilities - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Government and utilities - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Government and utilities - Year-over-year growth 2022-2027 (%)

• 8.5 Telecom - Market size and forecast 2022-2027
• Exhibit 67: Chart on Telecom - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Telecom - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Telecom - Year-over-year growth 2022-2027 (%)

• 8.6 Manufacturing and automotive - Market size and forecast 2022-2027
• Exhibit 71: Chart on Manufacturing and automotive - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Manufacturing and automotive - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Manufacturing and automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Manufacturing and automotive - Year-over-year growth 2022-2027 (%)

• 8.7 Retail and others - Market size and forecast 2022-2027
• Exhibit 75: Chart on Retail and others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Retail and others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Retail and others - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Retail and others - Year-over-year growth 2022-2027 (%)

• 8.8 Market opportunity by End-user
• Exhibit 79: Market opportunity by End-user ($ billion)
• Exhibit 80: Data Table on Market opportunity by End-user ($ billion)

9 Customer Landscape

• 9.1 Customer landscape overview
• Exhibit 81: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

• 10.1 Geographic segmentation
• Exhibit 82: Chart on Market share by geography 2022-2027 (%)
• Exhibit 83: Data Table on Market share by geography 2022-2027 (%)

• 10.2 Geographic comparison
• Exhibit 84: Chart on Geographic comparison
• Exhibit 85: Data Table on Geographic comparison

• 10.3 North America - Market size and forecast 2022-2027
• Exhibit 86: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 89: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 10.4 Europe - Market size and forecast 2022-2027
• Exhibit 90: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 93: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 10.5 APAC - Market size and forecast 2022-2027
• Exhibit 94: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 97: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 10.6 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 98: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 101: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 10.7 South America - Market size and forecast 2022-2027
• Exhibit 102: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 105: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 10.8 US - Market size and forecast 2022-2027
• Exhibit 106: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 109: Data Table on US - Year-over-year growth 2022-2027 (%)

• 10.9 China - Market size and forecast 2022-2027
• Exhibit 110: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 113: Data Table on China - Year-over-year growth 2022-2027 (%)

• 10.10 Canada - Market size and forecast 2022-2027
• Exhibit 114: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 115: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 116: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 117: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 10.11 UK - Market size and forecast 2022-2027
• Exhibit 118: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 119: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 120: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 121: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 10.12 Germany - Market size and forecast 2022-2027
• Exhibit 122: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 123: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 124: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 125: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 10.13 Market opportunity by geography
• Exhibit 126: Market opportunity by geography ($ billion)
• Exhibit 127: Data Tables on Market opportunity by geography ($ billion)

11 Drivers, Challenges, and Trends

• 11.1 Market drivers

• 11.2 Market challenges

• 11.3 Impact of drivers and challenges
• Exhibit 128: Impact of drivers and challenges in 2022 and 2027

• 11.4 Market trends

12 Vendor Landscape

• 12.1 Overview

• 12.2 Vendor landscape
• Exhibit 129: Overview on Criticality of inputs and Factors of differentiation

• 12.3 Landscape disruption
• Exhibit 130: Overview on factors of disruption

• 12.4 Industry risks
• Exhibit 131: Impact of key risks on business

13 Vendor Analysis

• 13.1 Vendors covered
• Exhibit 132: Vendors covered

• 13.2 Market positioning of vendors
• Exhibit 133: Matrix on vendor position and classification

• 13.3 Alphabet Inc.
• Exhibit 134: Alphabet Inc. - Overview
• Exhibit 135: Alphabet Inc. - Business segments
• Exhibit 136: Alphabet Inc. - Key news
• Exhibit 137: Alphabet Inc. - Key offerings
• Exhibit 138: Alphabet Inc. - Segment focus

• 13.4 Alteryx Inc.
• Exhibit 139: Alteryx Inc. - Overview
• Exhibit 140: Alteryx Inc. - Product / Service
• Exhibit 141: Alteryx Inc. - Key news
• Exhibit 142: Alteryx Inc. - Key offerings

• 13.5 Autodesk Inc.
• Exhibit 143: Autodesk Inc. - Overview
• Exhibit 144: Autodesk Inc. - Product / Service
• Exhibit 145: Autodesk Inc. - Key news
• Exhibit 146: Autodesk Inc. - Key offerings

• 13.6 Bentley Systems Inc.
• Exhibit 147: Bentley Systems Inc. - Overview
• Exhibit 148: Bentley Systems Inc. - Product / Service
• Exhibit 149: Bentley Systems Inc. - Key news
• Exhibit 150: Bentley Systems Inc. - Key offerings

• 13.7 CartoDB Inc.
• Exhibit 151: CartoDB Inc. - Overview
• Exhibit 152: CartoDB Inc. - Product / Service
• Exhibit 153: CartoDB Inc. - Key offerings

• 13.8 Esri Global Inc.
• Exhibit 154: Esri Global Inc. - Overview
• Exhibit 155: Esri Global Inc. - Product / Service
• Exhibit 156: Esri Global Inc. - Key offerings

• 13.9 Fugro NV
• Exhibit 157: Fugro NV - Overview
• Exhibit 158: Fugro NV - Business segments
• Exhibit 159: Fugro NV - Key offerings
• Exhibit 160: Fugro NV - Segment focus

• 13.10 General Electric Co.
• Exhibit 161: General Electric Co. - Overview
• Exhibit 162: General Electric Co. - Business segments
• Exhibit 163: General Electric Co. - Key news
• Exhibit 164: General Electric Co. - Key offerings
• Exhibit 165: General Electric Co. - Segment focus

• 13.11 Hexagon AB
• Exhibit 166: Hexagon AB - Overview
• Exhibit 167: Hexagon AB - Business segments
• Exhibit 168: Hexagon AB - Key news
• Exhibit 169: Hexagon AB - Key offerings
• Exhibit 170: Hexagon AB - Segment focus

• 13.12 International Business Machines Corp.
• Exhibit 171: International Business Machines Corp. - Overview
• Exhibit 172: International Business Machines Corp. - Business segments
• Exhibit 173: International Business Machines Corp. - Key news
• Exhibit 174: International Business Machines Corp. - Key offerings
• Exhibit 175: International Business Machines Corp. - Segment focus

• 13.13 L3Harris Technologies Inc.
• Exhibit 176: L3Harris Technologies Inc. - Overview
• Exhibit 177: L3Harris Technologies Inc. - Business segments
• Exhibit 178: L3Harris Technologies Inc. - Key news
• Exhibit 179: L3Harris Technologies Inc. - Key offerings
• Exhibit 180: L3Harris Technologies Inc. - Segment focus

• 13.14 Maxar Technologies Inc.
• Exhibit 181: Maxar Technologies Inc. - Overview
• Exhibit 182: Maxar Technologies Inc. - Business segments
• Exhibit 183: Maxar Technologies Inc. - Key offerings
• Exhibit 184: Maxar Technologies Inc. - Segment focus

• 13.15 SAP SE
• Exhibit 185: SAP SE - Overview
• Exhibit 186: SAP SE - Business segments
• Exhibit 187: SAP SE - Key news
• Exhibit 188: SAP SE - Key offerings
• Exhibit 189: SAP SE - Segment focus

• 13.16 TomTom NV
• Exhibit 190: TomTom NV - Overview
• Exhibit 191: TomTom NV - Business segments
• Exhibit 192: TomTom NV - Key offerings
• Exhibit 193: TomTom NV - Segment focus

• 13.17 Trimble Inc.
• Exhibit 194: Trimble Inc. - Overview
• Exhibit 195: Trimble Inc. - Business segments
• Exhibit 196: Trimble Inc. - Key offerings
• Exhibit 197: Trimble Inc. - Segment focus

14 Appendix

• 14.1 Scope of the report

• 14.2 Inclusions and exclusions checklist
• Exhibit 198: Inclusions checklist
• Exhibit 199: Exclusions checklist

• 14.3 Currency conversion rates for US$
• Exhibit 200: Currency conversion rates for US$

• 14.4 Research methodology
• Exhibit 201: Research methodology
• Exhibit 202: Validation techniques employed for market sizing
• Exhibit 203: Information sources

• 14.5 List of abbreviations
• Exhibit 204: List of abbreviations

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