Geospatial Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Geospatial Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Energy & Mining | PPT format

Report Digest


Geospatial Solutions Market: Introduction

The geospatial solutions are analyzed for the market segregation, based on the people’s lifestyle. behavior, and geography. As a result, the analysis contributes in the growth of an organization to accelerate global reach and provide certain initiatives and programs in order to gain new customers. By reduction in logistic price and operation expenses by several companies is foreseen to fuel the growth of the geospatial analytics market.

Geospatial Solutions Market: Novel Development

  • Trimble (US) is among the leading players in global geospatial market. Its geospatial business sections offer GIS and looking over and geospatial solutions. Its looking over and geospatial portfolio incorporates solutions, for example, 2D, mapping, or 3D modeling, estimation, detailing, investigation, and land the executives through field-based technologies  for engineering, mining, construction, energy and utilities and energy, and government. Its field-based advances incorporate inertial positioning, robotic measurement system, high- accuracy airborne applications, handheld mobile, robotic measurement systems, high-precision GNSS, inertial positioning, digital imaging, 3D laser scanning, unmanned aerial vehicles, and optical or laser measurement.
  • Another major player leading the market is the Environmental Systems Research Institute (Esri). The organization is a worldwide market solution supplier of GIS, mapping, and spatial investigation programming to different ventures, for example, government, business, assembling, and utilities. The organization offers different items, for example, ArcGIS, ArcGIS Pro, ArcGIS Enterprise for area insight, and cloud-based ArcGIS Online. Under this item portfolio, the organization offers geospatial and GIS solutions. Esri centers around R&D abilities to pick up an upper hand over its friends. The organization is additionally concentrating on inorganic techniques, for example, mergers and acquisitions, collaboration, and agreements and contracts.

Some of the most prominent competitors operating in the competitive landscape of global geospatial solutions market include –

  • Esri (US)
  • HERE Technologies (the Netherlands)
  • Hexagon (Sweden)
  • Pitney Bowes (US)
  • Atkins Plc (UK)
  • Topcon (Japan)
  • General Electric (US)
  • DigitalGlobe Inc (Maxar Group) (US)
  • Harris Corporation (US), Bentley (UK)
  • Geospatial Corporation (US)
  • Telenav (US)
  • Baidu (China)
  • TomTom International B.V. (the Netherlands)

Geospatial Solutions Market Dynamics

Emergence of Smart Cities to Fuel Market Demand

The rise of smart cities and expanding demand regarding innovative technologies in growing nations is helping the demand in global geospatial solutions market. The rising use of GPS empowered cell phone gadgets and the advancements in innovation would likewise build the chances. The factor hindering the development are the protection issues identified with capacity of geospatial information and regulatory lawful issues identified with capacity of individual data. In any case, the underlying set up of the products remains elevated.

The other important drivers adding to the development of the market are the demand regarding the convergence and integration of geospatial data with standard advancements, commercialization of geospatial information for different businesses. Additionally, the rising demand with respect to the geospatial solutions with AI capacities all over different sectors and the rising selection of geospatial solutions for the security and healthcare.

Geospatial Solutions Market: Regional Analysis

Asia Pacific to Lead in Terms of Revenue

Asia Pacific is assessed to be the biggest market during the forecast period. In addition, rising integration of the geospatial advancements in several leading technologies is probably going to be a major aspect fueling the market in North America. The developed nations are relied upon to give added push to the global geospatial solutions market. All inclusive, the usage of geospatial advances has seen a slow increment in the course of recent years. This, alongside the simple accessibility of geospatial innovation in advanced nations, for example, Canada and the US, will positively support the regional market growth.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.