Geospatial Solution Market

2019 Analysis and Review of Geospatial Solution Market - GIS/Spatial Analytics, Remote Sensing, GPS, and 3D Scanning for 2019 - 2029

  • 2019-12-03
  • REP-GB-10696
  • 53 Tables
  • 160 Figures
  • 134 pages
  • Format: PDF/PPT/Excel
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Geospatial Solution Market Poised for 4X Revenue Growth over Next Decade

The geospatial solution market has been growing at a healthy CAGR on back of applications in aeronautical and maritime organizations, intelligence agencies, and the military sector. Rapid urbanization and increasing infrastructure development have further complemented the market growth. With subsequent integration of blockchain and mapping technologies, the global market for geospatial solution is projected to witness double-digit growth over forecast period (2019 - 2029). Whitespaces in banking, financial services and insurance (BFSI) and disaster management will be particularly lucrative in terms of generating profits in market.

Key Growth Influencers - Geospatial Solution Market

Increasing Adoption of Geomedicine Solutions to Fuel Market Growth

Geospatial solutions collect, manage, organize, and store data pertaining to geographic information such as zip codes, addresses, or latitudinal and longitudinal coordinates to a location. This includes data accumulated by satellites, digital and analog maps, and street and aerial imagery. Some instances of geospatial solution technologies include Global Positioning Systems (GPS), Geographic Information Systems (GIS), imagery analysis, and remote sensing.

Geospatial data includes information regarding phenomena, events, or objects that have distinct locations on the earth. Such locations can be static as well as dynamic. Data accumulated by geospatial solutions combine attribute information, location information, and/or temporal information. The global geospatial solution market is estimated to register a noteworthy compound annual growth rate during the forecast period of 2019 - 2029.

Geomedicine can produce a new form of medical intelligence that uses national geospatial solution data infrastructures in order to benefit personal human health. After understanding conditions of the environment people live in (or have lived in the past), this information can be used to modernize health information technologies, and be used to make better choices about where people should live. Geospatial data and geospatial solution technology are the core ingredients in creating the new medical intelligence that underpins geomedicine.

Emphasis on Spatio-Temporal Data to Boost Use of Geospatial Solutions

Real-time spatio-temporal information is being generated in almost every sector. Though new applications of real-time spatio-temporal data are being discovered rapidly, the capability of end-users to continuously interact with this data in real-time is a comparatively recent phenomenon. Such innovations are operating as core change agents in cartography, geography, and GIScience, among other related geospatial fields.

Real-time analytics for spatio-temporal data is realigning traditional structures and relationships, expanding research horizons, and transforming the ways in which geographic information is being collected, modeled, and utilized in geography, science, and society. These immediate interactions between space and time remain as underlying processes, which result in accelerated generation of fused spatio-temporal data, myriad mobile geospatial applications, and new geographic research initiatives in governments and businesses.

geospatial solution market share by region

Rising Adoption of Innovative Mobile Geospatial Sensor Platforms

The ability to create miniaturized and comparatively less expensive sensors and devices, integrated with wireless connectivity technologies, is fueling the demand for Internet of Things (IoT). Adoption of lower-cost miniaturized sensors and devices leads to an increasing demand for data accumulation, data manipulation, and data analysis technologies. Application-centric specifications of such sensors and devices offer the capability to attune components to the specific data collection required.

Advancements in miniaturization of solutions have made it easy for end-users to explore new modal qualities for sensor and device distribution such as Unmanned Aircraft Systems (UAS)/Drones and small satellites, which can be rapidly manufactured and deployed with flights or orbit paths tailored as per specific mission requirements. Such mobile geospatial solution platforms greatly enhance abilities of businesses, governments, and individuals to accumulate high volume of remotely collected data for diverse mission-critical purposes, such as environmental monitoring, disaster response, and public safety.

Geospatial Solution Market in North America to Hold Significant Position

North America was the dominant market in 2018 in terms of value for geospatial solutions. The United States is expected to be one of the key markets for sustainable revenue generation from geospatial solution deployments in the foreseeable future, owing to the rapid adoption of intelligent components for defense and internal security, infrastructure, and citizen services related end-uses.

Accelerated adoption of efficient geospatial solution platforms is anticipated to enable the South Asian market to record a significant CAGR during the forecast period, while the geospatial solution market in Europe region is estimated to offer the highest incremental opportunity among all the regional markets, during the forecast period.

Geospatial Solution Market Structure Analysis

  • Various processes of bringing services and solutions to the public have evolved significantly over the past few years, owing to the changes in customer preferences, along with the rapid growth in the e-commerce arena.
  • Today, the capability of tracking inventory and shipments remotely makes a business’ supply chain more efficient, thus saving money for businesses that use geospatial solutions. For instance, agro-products are harvested on small farms and later distributed to grocers, provision stores and supermarkets in different locations, often crossing state or even national boundaries.
  • Developers are offering geospatial solutions that can keep supply chain and agricultural professionals informed about when the products left the farm, the routes of travel, and their condition upon delivery.
  • In case the products look unappetizing upon delivery, the professionals can trace the route all the way back to the farm, and enhance the entire delivery system. Such applications of geospatial solutions are estimated to propel geospatial solution adoption during the forecast period.

Software Set to Outpace Hardware Components

Hardware components currently account for nearly half of geospatial solution market value. However, there are strong possibilities of software generating greater revenues than hardware during the latter half of forecast period. This study reveals that providers of software will reap higher returns specifically in Europe and North America, whereas the adoption of geospatial software will remain significantly high in South Asia & Pacific.

U.S. and U.K. Spearheading Geospatial Solution Market

Global geospatial solution market is represented by North America and Europe, collectively holding about 3/5th shares in market value. The market will particularly flourish in the U.S. and the U.K. Leading market players are also expected to experience profitable returns in Latin America in the near future. On the other hand, led by India and Malaysia, the South Asian geospatial solution market is showcasing significant growth and will take over East Asian market post forecast period.  

Challenges of Privacy Threat and Cyber Attacks Persist

Geospatial solutions are highly vulnerable to cyber attacks, particularly in military applications. Signals from satellites are significantly weak, where a 1-10 W jammer can hamper Global Positioning System (GPS) coverage of both military and civilian signals for a large area. Furthermore, privacy-related issues associated with geospatial solutions remain a longstanding concern. Market leaders are thus investing more in geospatial solution security.

GPS remains highly preferred

Remote sensing gains momentum

High demand for hardware

Software picks pace

High adoption in telecommunications

Surging application in defense and internal security

How Growth will Unfold

GPS, set to surpass US$ 900 Bn by the end of next decade, will continue its hegemony over other technology variants. While this remains a scenario in developed regional markets, developing markets would continue to register rapid adoption of GPS technology. Adoption of remote sensing and 3D scanning is significant, representing higher annual growth rates throughout the projection period. FMI’s study also suggests that remote sensing will exceed GIS/spatial analytics by 2024 end in terms of revenue generation.

Geospatial Solution Preferential Assessment

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Geospatial Solution Market Analysis 2019 - 2029

A recent market study published by FMI on the geospatial solution market includes a global industry analysis 2014 - 2018 and an opportunity assessment 2019 - 2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters, growth prospects of this market are obtained with maximum precision.

Geospatial Solution Market Prospects Taxonomy

The global geospatial solution market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Technology

  • GIS/Spatial Analytics
  • Remote Sensing
  • GPS
  • 3D Scanning

Component

  • Hardware
  • Software
  • Services

Application

  • Surveying and Mapping
  • Geovisualization
  • Planning and Analysis
  • Land Management
  • Others

End User

  • Defense and Internal Security
  • Infrastructure
  • Urban Development
  • Utilities
  • Retail and Logistics
  • Agriculture
  • BFSI
  • Disaster Management
  • Citizen Services
  • Natural Resources
  • Telecommunications

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

What's Included

The report initiates with the executive summary of the geospatial solution market, which includes key findings and statistics of the market. It also offers demand and supply-side trends pertaining to this market.

Readers can find the definition and a detailed taxonomy of the geospatial solution market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to geospatial solution and its properties are provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the geospatial solution market report.

The geospatial solution market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are also provided in this section.

This section includes factors that have emerged as key successful factors and strategies adopted by key market participants.

This section explains the value analysis for the global geospatial solution market during the forecast period of 2019 - 2029. This chapter includes a detailed analysis of the historical geospatial solution market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, the pricing analysis of the geospatial solution market at the regional level has also been provided in this section.

This chapter explains the key macroeconomic factors that are expected to influence the growth of the geospatial solution market over the forecast period. Along with macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis of the geospatial solution market. Moreover, in-depth information about market dynamics and their impact analysis on the market have been provided in the successive section.

Based on component, the geospatial solution market is segmented into software and hardware. Hardware is sub-segmented into scanners, printers, microfilm readers and others. In this chapter, readers can find information about key trends and developments in the geospatial solution market and market attractiveness analysis.

Based on deployment, the geospatial solution market is segmented into On-premise and cloud. In this chapter, readers can find information about developments and key trends in the geospatial solution market.

Based on end-user, the geospatial solution market is segmented into government organisations, law firms, physician practices, educational institutions and others. In this chapter, readers can find information about developments and key trends in the geospatial solution market.

This chapter explains how the geospatial solution market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, APEJ (Asia-Pacific excluding Oceania), Oceania, and the Middle East and Africa.

This chapter includes a detailed analysis on the growth of the North America geospatial solution market, along with country-wise assessment of the U.S. and Canada. Readers can also find pricing analysis, regional trends, volume analysis, and market growth based on product, application, and countries in North America.

This chapter provides the growth scenario of the geospatial solution market in Latin American countries such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Important growth prospects of the geospatial solution market in several countries such as Germany, the UK, France, Spain, Italy, BENELUX, Russia and the rest of Europe are included in this chapter.

This chapter provides the growth scenario of the geospatial solution market in South Asia countries such as India, Indonesia, Thailand, Malaysia, and the rest of the South Asia.

This chapter highlights the growth of the geospatial solution market in APEJ by focusing on China, Japan and South Korea. This section also help readers understand key factors that are responsible for the growth of the geospatial solution market in APEJ.

This section also help readers understand key factors that are responsible for the growth of the geospatial solution market in Oceania (Australia and New Zealand)

This chapter provides information about how the geospatial solution market will grow in major countries of the Middle East & Africa region, such as GCC Countries, South Africa, Northern Africa, Turkey, and the rest of Middle East and Africa, during the forecast period of 2019 - 2029.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the geospatial solution market, along with their market presence analysis by region and product portfolios.

In this chapter, readers can find a comprehensive list of all prominent stakeholders in the geospatial solution market, along with the detailed information about each company, which include the company overview, revenue shares, strategic overview, and recent developments. Some of the market players featured in the report are Trimble Inc., Pitney Bowes Inc., Hexagon AB; Maxar Technologies, Harris Corporation, Apple Inc., Amazon Web Services Inc., IBM, Oracle, SAP, Microsoft, General Electric Company, TomTom International B.V., Alphabet, Topcon, HERE, Esri, Baidu, Telenav, and RMSI.

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the geospatial solution market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the geospatial solution market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Sales Executives
  • Technical Advisor
  • Geospatial solution Providers
  • Distributors 
  • Industry Experts
  • Applications

Secondary Research

  • Company’s white papers
  • Annual Reports and Investor Presentations
  • Research Papers
  • Company Press Release 
  • Government Websites and Publications

Primary Interview Splits

Primary Interview Splits geospatial solution market designations

Primary Interview Splits geospatial solution market stakeholders

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Global Head - Business Development

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Client Partner - Global Business Development

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