Global $502.6Bn Geospatial Solutions Market Analysis, 2019-2024 - Geovisualization Expected to Be the Fastest Growing Application

/EIN News/ -- Dublin, Sept. 17, 2019 (GLOBE NEWSWIRE) -- The "Geospatial Solutions Market by Technology (Earth Observation, Scanning), Solution, End-User (Utility, Business, Transportation, Defense & Intelligence, Infrastructural Development), Application, Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global geospatial solutions market is projected to reach $502.6 billion by 2024 from an estimated $239.1 billion in 2019, at a CAGR of 13.2% during the forecast period. This growth can be attributed to factors such as the development of 4D GIS software and GIS industry using new and upcoming technologies like 3D, Augmented Reality (AR), and Virtual Reality (VR).

The report defines, describes, and forecasts the global geospatial solutions market, by technology, solution, end-user, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the geospatial solutions market.

The earth observation segment is expected to be the largest market, by technology, during the forecast period

The earth observation segment is expected to be the largest market, by technology, during the forecast period. Earth observation uses satellite imagery to make several key decisions, especially in the defense & intelligence sector, is taken. The components used in earth observation are of significant importance and value. The investments made are also significantly high. All this eventually leads to the development of this segment.

Geovisualization is expected to be the fastest growing segment of the geospatial solutions market, by application, during the forecast period

Geovisualization emphasizes knowledge construction over knowledge storage or information transmission. For this, geovisualization communicates geospatial information in ways that, when combined with human understanding, allow data exploration and decision-making processes. Thus, this application is of extreme importance in mapping and surveying. With the growth in the usage of geospatial solutions, this application is expected to be extensively used during the forecast period.

North America: The largest geospatial solutions market

North America is projected to be the largest geospatial solutions market by 2024. The US, Canada, and Mexico are among the major countries that are the leading users of geospatial technologies and are implementing these technologies into mainstream applications. Over the past few years, this region has witnessed rapid economic development. Also, the growth of automation in this region increased the adoption of geospatial technologies in several industries, which, in turn, drives the growth of the geospatial solutions market.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Geospatial Solutions Market
4.2 Geospatial Solution Market, By Technology
4.3 Geospatial Solution Market, By Solution Type
4.4 Geospatial Solution Market, By Application
4.5 Geospatial Solution Market, By End-User
4.6 Geospatial Solution Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Integration of Geospatial Technology With Mainstream Technologies
5.2.1.2 Advancements in Geospatial Technologies With the Introduction of AI and Big Data Analytics
5.2.1.3 Increasing Use of Lbs
5.2.1.4 Digital Revolution Such as AI, Automation, Cloud, IoT, and Miniaturization of Sensors are Adding to the Momentum of the Geospatial Industry
5.2.2 Restraints
5.2.2.1 Regulations and Legal Issues
5.2.2.2 Limited Availability of Skilled Staff
5.2.3 Opportunities
5.2.3.1 Development of 4D GIS Software
5.2.3.2 Development of the GIS Industry Using New and Upcoming Technologies Such as 3D, AR, and VR
5.2.4 Challenges
5.2.4.1 Complexities Involved in the Integration of Geospatial Data With Enterprise Solutions

6 Geospatial Solutions Market, By Technology
6.1 Introduction
6.2 Geospatial Analytics
6.2.1 Geospatial Analytics Segment is Driven By Cloud Solutions as It has Emerged as an Analytical Platform
6.3 GNSS & Positioning
6.3.1 Growing Demand for Location-Based Information is Expected to Drive GNSS & Positioning Segment
6.4 Scanning
6.4.1 Increasing Demand for LiDAR & Laser Scanning is Expected to Drive the Scanning Segment During the Forecast Period
6.5 Earth Observation
6.5.1 AI & Big Data are Expected to Drive the Earth Observation Segment During the Forecast Period

7 Geospatial Solutions Market, By Solution Type
7.1 Introduction
7.2 Hardware
7.2.1 Geospatial Analytics Segment is Driven By Cloud Solutions as It has Emerged as an Analytical Platform
7.3 Software
7.3.1 Integration of Technologies Such as AI and Cloud Solutions is Expected to Drive the Software Segment During the Forecast Period
7.4 Service
7.4.1 Increasing Demand for Analytical & Consulting Service is Expected to Drive the Service Segment During the Forecast Period

8 Geospatial Solutions Market, By Application
8.1 Introduction
8.2 Surveying & Mapping
8.2.1 Increasing Use of Technologies Such as LiDAR and Remote Sensing for Data Capturing is Expected to Drive the Surveying & Mapping Solution Market During the Forecast Period
8.3 Geovisualization
8.3.1 Increasing Demand for Geovisualization Applications in North America is Expected to Drive the Segment During Forecast Period
8.4 Asset Management
8.4.1 Increasing Need to Enhance Operational Performance is Expected to Drive the Asset Management Segment During the Forecast Period
8.5 Planning & Analysis
8.5.1 Telecom, Urban Planning, Transportation Planning, Environmental Planning, and Land Use Planning are Major Sectors Driving the Segment During the Forecast Period
8.6 Others

9 Geospatial Solutions Market, By End-User
9.1 Introduction
9.2 Utility
9.2.1 Increasing Demand for Geospatial Solutions for Asset Management, Environmental Monitoring, Disaster Management, and Grid Management is Expected to Drive the Utility Segment During the Forecast Period
9.3 Business
9.3.1 North America is Expected to Dominate the Business Segment During Forecast Period
9.4 Transportation
9.4.1 Increasing Need to Manage Transportation Infrastructure is Expected to Drive the Segment During the Forecast Period
9.5 Defense & Intelligence
9.5.1 Increasing Adoption of Technologies Such as IoT & Remote Sensing is Expected to Drive the Defense & Intelligence Segment During the Forecast Period
9.6 Infrastructural Development
9.6.1 Applications Such as Urban Development and Infrastructure Planning are Expected to Drive the Segment During the Forecast Period
9.7 Natural Resource
9.7.1 Increasing Need to Efficiently Use Natural Resources is Expected to Drive the Segment During the Forecast Period
9.8 Others

10 Geospatial Solutions Market, By Region
10.1 Introduction
10.2 North America
10.2.1 By Technology
10.2.2 By Solution Type
10.2.3 By End-User
10.2.4 By Application
10.2.5 By Country
10.2.5.1 US
10.2.5.1.1 The US has A Rich Heritage of Having the Largest-Scale Thematic Layers Such as Cadastral, Topography, Utility Network, and Transport Network73
10.2.5.2 Canada
10.2.5.2.1 The Maritime and Ports Authority of Singapore Launched Several IoT and Connectivity-Based Applications
10.2.5.3 Mexico
10.2.5.3.1 Slowly and Steadily Mexico is Developing the Infrastructure and the Expertise to Adopt Geospatial Technologies
10.3 Europe
10.3.1 By Technology
10.3.2 By Solution Type
10.3.3 By End-User
10.3.4 By Application
10.3.5 By Country
10.3.5.1 Germany
10.3.5.1.1 The Country is Expected to Conduct Numerous Projects on LiDAR
10.3.5.2 UK
10.3.5.2.1 The Nation is Working Rigorously on Commercializing Geospatial Technologies
10.3.5.3 Italy
10.3.5.3.1 Major Developments in the Form of Mergers & Acquisitions are Expected to Drive the Geospatial Solution Market in the Region Significantly
10.3.5.4 France
10.3.5.4.1 Major Developments in the Form of Mergers & Acquisitions are Expected to Drive the Geospatial Solution Market in the Region Significantly
10.3.5.5 Rest of Europe
10.4 Asia Pacific
10.4.1 By Technology
10.4.2 By Solution Type
10.4.3 By End-User
10.4.4 By Application
10.4.5 By Country
10.4.5.1 China
10.4.5.1.1 Major Investments are Expected to Revamp Infrastructure and Build Data-Driven Solutions
10.4.5.2 Japan
10.4.5.2.1 The Government is Strongly Supporting the Development of UAV and Its Implementation in Geospatial Technologies
10.4.5.3 India
10.4.5.3.1 The Nation is Implementing Geospatial Technologies Massively to Reach the 100 Smart Cities Program
10.4.5.4 South Korea
10.4.5.4.1 The Country is Readily Implementing Geospatial Technologies in Improving Its Renewable Energy Generation
10.4.5.5 Rest of Asia Pacific
10.5 South America
10.5.1 By Technology
10.5.2 By Solution Type
10.5.3 By End-User
10.5.4 By Application
10.5.5 By Country
10.5.5.1 Brazil
10.5.5.1.1 Brazil to Make Massive Investments in the Data Storage Front, Supporting the Geospatial Industry
10.5.5.2 Colombia
10.5.5.2.1 The Nation is Using these Technologies to Study the Unexplored Parts of the Colombian Amazon
10.5.5.3 Rest of South America
10.6 Middle East & Africa
10.6.1 By Technology
10.6.2 By Solution Type
10.6.3 By End-User
10.6.4 By Application
10.6.5 By Country
10.6.5.1 UAE
10.6.5.1.1 The UAE is Taking Gigantic Leaps in Implementing Geospatial Technologies
10.6.5.2 Saudi Arabia
10.6.5.2.1 National Savings Would Be Key to Drive The Geospatial Market Forward
10.6.5.3 South Africa
10.6.5.3.1 Transnet to Take an Interest in The South African Geospatial Solutions Space
10.6.5.4 Rest of Middle East & Africa

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players and Industry Concentration, 2018
11.2.1 Contracts & Agreements
11.2.2 New Product Launches
11.2.3 Mergers & Acquisitions
11.2.4 Partnerships & Collaborations
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.2 Innovators
11.3.3 Dynamic Differentiators
11.3.4 Emerging Companies

12 Company Profiles
12.1 Trimble
12.2 Esri
12.3 Here Technologies
12.4 Pitney Bowes
12.5 Hexagon Geospatial
12.6 Maxar Technologies
12.7 Bentley
12.8 Geospatial Corporation
12.9 Topcon Positioning Systems
12.10 SNC-Lavalin
12.11 GE
12.12 Google
12.13 Baidu
12.14 Telnav
12.15 Harris Corporation
12.16 Tomtom
12.17 Apple
12.18 Oracle
12.19 Microsoft
12.20 Amazon
12.21 IBM
12.22 SAP
12.23 RMSI
12.24 Orbital Insights
12.25 China Geo-Engineering Corporation

For more information about this report visit https://www.researchandmarkets.com/r/czn2vf

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