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Geospatial Solutions Market, By Solution (Software, Hardware, Service), By Technology (Earth Observa

Published Date: February 2020 | Report Code : IT2061565

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Geospatial Solutions Market, By Solution (Software, Hardware, Service), By Technology (Earth Observation, Scanning), By End User (Utility, Business, Transportation, Defense & Intelligence, Infrastructural Development), By Application (Surveying & Mapping, Geo visualization, Asset Management, Planning & Analysis, Others),By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2017-2028)

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Report Code : IT2061565

Status : Published February 2020

Market Dynamics:

Geospatial solutions market was valued at USD 210.54 Billion in 2019 and is anticipated to reach USD 552.26 Billion by 2028, at a CAGR of 11.5% during the forecast period, 2021-2028. The result of such significant growth is due to the development of the Geographic Information System industry by the integration of emerging technologies like 3D, Augmented Reality (AR), and Virtual Reality (VR) in GIS systems. Also, the introduction of Artificial Intelligence, cloud, automation and the Internet of Things propelled the geospatial solutions market tremendously.

Geospatial Solutions MarketGeospatial Solutions Market Statistics (2017-2028)

Technologies and improvement in lifestyle have led to an increase in the use of geospatial solutions for various applications such as surveying & mapping, geo-visualization, asset management, and planning & analysis. Geospatial solutions facilitate a top-quality, productive workflow and data exchange to drive efficiency and productivity. Besides this, continuous innovation in geospatial technology helps to capture efficient and reliable data for decision making. Furthermore, Geospatial technology includes global positioning systems (GPS), geographic information systems (GIS) and remote sensing (RS), a technology that offers a radically different way of producing and using maps necessary for community and industry management. On the downside, legislation and legal issues were discovered to hinder the industry's rate of development.

In this data-driven era, the geospatial solution is transforming the essence of traditional corporate practices. They deliver a competitive advantage through data visualization, analytics &digital insights and also help to enhance workflow management. Cloud-based technology, IOT are also driving the geospatial solutions market throughout the globe. However, developed economies are expected to offer the industry more capacity for geospatial solutions.

Factors influencing the growth of Geospatial Solutions Market:

  • Integration of new and upcoming technologies in the Geographic Information System 
  • Demand for cloud-based technologies, automation and the Internet of Things.

The report analyzes factors affecting the geospatial solutions market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter's model analysis on geospatial solutions market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Geospatial solutions marketGeospatial Solutions Market  By Segmentaions (2017-2028)

Solution Outlook

The solution segment comprises hardware, software, and service. Among these segments, the software is expected to register a higher market share than others. It brings most revenues and thus has a greater share in the geospatial technologies and solutions market. The software and service segments are expected to register considerable growth during the forecast period.

Technology Outlook

By Technology, Geospatial solution market comprises of Earth Observation and Scanning segment. The earth observation segment is expected to gain high momentum during the forecast period. With the help of Light Detection and Ranging (LiDAR), geospatial solutions can be used to observe the planet for changes in everything; from temperature to ice sheet coverage monitoring.

End User Outlook

The end user segment can be divided into Utility, Business, Transportation, Defense & Intelligence and Infrastructural Development. Geospatial technology brings higher performance by transforming traditional corporate practices. Increasing demand from the end user side is also propelling the geospatial solution market.

Application Outlook

Geospatial solutions market in terms of application is segmented into Surveying & Mapping, Geo visualization, Asset Management, Planning & Analysis, and Others. Geo visualization application is expected to register higher growth as it is extremely important in mapping and surveying.

Geospatial Solutions MarketGeospatial Solutions Market By Regional Analysis (2017-2028)

Regional Outlook:

Based on geography, the geospatial solutions market is distributed over the following regions: North America, Western Europe, Eastern Europe, Asia Pacific, the Middle East and the Rest of the world. North America is expected to hold the largest share in the geospatial solutions market due to the increasing use of imagery and satellite system. The adoption of such emerging technologies in the US, Canada, and Mexico has propelled the growth of the geospatial solutions market. The North American region will account for the significant growth of the geospatial solutions market over the forecast period. Furthermore, the Asia Pacific region is also expected to register exponential growth during the forecast period. Automation development in this region has increased the adoption of geospatial technologies in several industries, which in turn is driving the growth of the demand for geospatial solutions.

Competitive Landscape:

  • The geospatial solutions market is speedily growing and is expected to show high growth. It is majorly driven by companies that are focused on adopting new technologies for enhancing performance and time.
  • Major companies are investing in research and development activities for new product development. For example, In April 2019, Pitney partnered with Accenture to allow Accenture’s Applied Intelligence to use Pitney Bowes ' data assets to develop new smart solutions.
  • Key players in the geospatial solutions market are adopting inorganic development strategies like the acquisition of local brands to capture a market share in the market. Similarly, other business models like venture and market entry strategies are helping prominent vendors to make their presence felt within the market and increase their product portfolio. The key players leading in the market are Digital Globe Inc, General Electric, Atkins Plc, Esri, HERE Technologies, Hexagon, Google, Topcon, Pitney Bowes

By offering an entire analysis of the market’s competitive landscape and with information on the products offered by the businesses, this geospatial solutions market industry analysis report will aid clients to spot new growth opportunities and style new growth strategies. Additionally, the report also provides an accurate prediction of the contribution of the varied segments to the expansion of the geospatial solutions market size. This report on the geospatial solutions market also includes the profiles of key companies along with their SWOT analysis and market strategies. additionally, the competitive landscape provides an in-depth description of every company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments:

  • Microsoft was joined by XYO in March 2019 to help the XYO developers create and deploy their own geospatial, blockchain applications, once deployed, in the Marketplace of Microsoft Azure. In 2016, Microsoft joined XYO in the partnership.
  • In April 2019, Pitney partnered with Accenture to permit Accenture Applied Intelligence to use Pitney Bowes ' data assets to develop new, smart solutions.
  • In April 2019, HERE launched Here XYZ for mapmaking and geospatial data management for developers and non-coders.

Geospatial Solutions MarketGeospatial Solutions Market Timeline (2017-2028)

What Does This Report Provide?

This report provides an in depth understanding of the geospatial solutions market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating within the geospatial solutions market.

Market Segmentation:

By Solution:

  • Software
  • Hardware
  • Service

By Technology:

  • Earth Observation
  • Scanning

By End User:

  • Utility
  • Business
  • Transportation
  • Defence& Intelligence
  • Infrastructural Development

By Application:

  • Surveying & Mapping
  • Geovisualization
  • Asset Management
  • Planning & Analysis
  • Others

By Region:

  • North America
    • By Country (U.S., Canada, Mexico)
    • By Solution
    • By Technology
    • By End User
    • By Application
  • Western Europe
    • By Country (Germany, U.K., France, Italy, Spain, Rest of Western Europe)
    • By Solution
    • By Technology
    • By End User
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Solution
    • By Technology
    • By End User
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Solution
    • By Technology
    • By End User
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Solution
    • By Technology
    • By End User
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Solution
    • By Technology
    • By End User
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the geospatial solutions market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the geospatial solutions market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the geospatial solutions market.

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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