Geospatial Solutions Market in 2024 : Competitive Analysis and Industry Forecast | At a CAGR of 13.1% from 2022 to 2031

The Geospatial Solutions market research is offered along with information related to key drivers, restraints, and opportunities.

WILMINGTON, DE, UNITED STATES, December 2, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Geospatial Solutions Market," The geospatial solutions market was valued at $432.00 billion in 2021, and is estimated to reach $1,457.7 billion by 2031, growing at a CAGR of 13.1% from 2022 to 2031.

North America is expected to dominate the global geospatial solutions market in 2021. Rise in investments in the defense sector and technological advancements in the telecommunication industry acts as key driving forces for the geospatial analytics market in North America. In addition, implementation of LBS-enabled drones for border security and monitoring high-risk situation by federal agencies, government, and nongovernment organizations is expected to boost the market investment for these services. Advanced sensors onboard satellites provide reliable, cost-effective, and impartial information about variety of vegetation and hydrological parameters at various spatial resolutions.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 (337+ 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭 https://www.alliedmarketresearch.com/request-sample/A09277

Cloud-based geospatial solutions are gaining traction at the moment. Cloud-based geospatial solutions deliver on-demand geospatial data, images, and maps. It also enables companies to share data and perform operations such as viewing, monitoring and analyzing geospatial data. Moreover, few companies are also launching cloud-based geospatial solutions, which fuels growth of the geospatial solutions market. For instance, in April 2019, HERE launched Here XYZ for mapmaking and geospatial data management for developers and non-coders. It also launched a new cloud service for fast and flexible management of location data.

Growth of the global geospatial solutions market is attributed to increase in penetration of artificial intelligence based geographic information system (GIS), and increase in use of location-based services integrated with geographic information system. However, lack of awareness regarding benefits of geospatial solutions is the factor that hampers growth of the market. Furthermore, development of 4D GIS software is the factor expected to offer growth opportunities during the forecast period.

KEY FINDINGS OF THE STUDY

By solution type, the services segment is anticipated to exhibit significant growth in the near future.
By technology, the scanning segment is anticipated to exhibit significant growth in the near future.
By application, the geovisualization segment is anticipated to exhibit significant growth in the near future.
By end-use, the infrastructural development segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 https://www.alliedmarketresearch.com/purchase-enquiry/A09277

Key players operating in the global geospatial solutions market include
Apple Inc.
Bentley Systems, Inc.
General Electric
GIS Cloud Ltd.
Google Inc.
L3Harris Geospatial Solutions, Inc.
Oracle Corporation
Living Map
Mappedin
Microsoft Corporation
Pix4D S.A.
SAP SE
Telenav Inc.
TomTom International BV
Uber Technologies, Inc.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 & 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
𝐒𝐮𝐫𝐯𝐢𝐯𝐚𝐥 𝐓𝐨𝐨𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/survival-tools-market-A12508
𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐄𝐯𝐞𝐧𝐭𝐬 𝐀𝐧𝐝 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/discount-events-and-experiences-market-A15680
𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐉𝐚𝐧𝐢𝐭𝐨𝐫𝐢𝐚𝐥 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/commercial-janitorial-equipment-market-A47258

Davin Correa
Allied Market Research
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