Geospatial Solutions Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2024(Trending Report)

Japan, Japan, Thu, 06 Jan 2022 04:27:33 / Comserve Inc. / -- The global geospatial solutions market is projected to reach USD 502.6 billion by 2024 from an estimated USD 239.1 billion in 2019, at a CAGR of 13.2% during the forecast period.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

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

"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.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Geospatial Solutions Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2024(Trending Report)

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.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier I–60%, Tier II–20%, and Tier III–20%
By Designation: C-Level–55%, Director Level–30%, and Others–15%
By Region: North America–15%, Europe–20%, Asia Pacific–25%, the Middle East & Africa–25%, and South America–10%

The global geospatial solutions market is dominated by a few major players that have a wide regional presence. The leading players in the geospatial solutions market are HERE Technologies (the Netherlands), Esri (US), Hexagon (Sweden), Atkins Plc (UK), Pitney Bowes (US), Topcon (Japan), DigitalGlobe Inc (Maxar Group) (US), General Electric (US), Harris Corporation (US), Google (US), Bentley (UK), Geospatial Corporation (US), Baidu (China), Telenav (US), TomTom International B.V. (the Netherlands), Apple (US), Oracle (US), Microsoft (US), Amazon (US), IBM (US), SAP (US), China Geo-Engineering Corporation (CGC) (China), RMSI (India), and Orbital Insights (US).

Research Coverage:
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.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 DEFINITION 18
1.3 MARKET SCOPE 19
1.3.1 MARKET SEGMENTATION 19
1.3.2 REGIONAL SCOPE 19
1.4 YEARS CONSIDERED FOR THE STUDY 20
1.5 CURRENCY 20
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 SCOPE 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 DEMAND-SIDE ANALYSIS 23
2.2.1.1 Calculation 23
2.2.1.2 Assumptions 23
2.2.2 SUPPLY-SIDE ANALYSIS 23
2.2.2.1 Assumptions 23

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