Geospatial Analytics Market to Reach $73.91 Billion by 2021: High Demand for the Convergence & Integration of Geospatial Technology with Mainstream Technologies - Research and Markets

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Jan 26, 2017, 07:10 ET

DUBLIN, Jan. 26, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Geospatial Analytics Market - Global Forecast to 2021" report to their offering.

The geospatial analytics market is projected to grow from USD 30.71 Billion in 2016 to USD 73.91 Billion by 2021, at a high CAGR of 19.2% during the forecast period.

The substantial growth of the geospatial analytics market is attributed to the high demand for the convergence and integration of geospatial technology with mainstream technologies. The increasing demand for geospatial analytics solutions along with artificial intelligence and commoditization of geospatial data, are the key drivers extending the utility of geospatial analytics across varied industries. The rising adoption of geospatial analytics solutions by governments and public safety organizations for safety and security is driving the market.

The report provides detailed insights into the market, which is segmented by type, technology, application, vertical, and region. Based on type, the geospatial analytics market is divided into surface analytics, network analytics, geovisualization, and others. The network analysis segment of the market is projected to grow at the highest CAGR during the forecast period. This growth is characterized by the growing adoption of network analytics solutions by various industries to minimize the additional time required and cost incurred due to inefficient networks.

Based on technology, the geospatial analytics market is segmented into GPS, remote sensing, GIS, and others. The remote sensing segment is projected to lead the market in terms of revenue during the forecast period. This growth is characterized by the exponential adoption of remote sensing by government bodies in the North American region, as well as the rising investments for geospatial technologies in the Latin American region.

Based on application, the geospatial analytics market has been segmented into surveying, medicine & public safety, disaster risk reduction & management, climate change adaptation, and others. The climate change adaptation segment of the geospatial analytics market is expected to grow at the highest CAGR during the forecast period. This high growth can be attributed to the increasing awareness about climate change among organizations such as environment related organizations.

Companies Mentioned:

AAM Group
Bentley Systems, Inc.
Critigen Llc
Digitalglobe Inc.
ESRI
Fugro N.V.
General Electric (GE)
Harris Corporation
Hexagon AB
Macdonald, Dettwiler & Associates, Ltd.
RMSI
Tomtom NV
Trimble Navigation Ltd.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Geospatial Analytics Market, by Type

8 Geospatial Analytics Market, by Technology

9 Geospatial Analytics Market, by Application

10 Geospatial Analytics Market, by Vertical

11 Geospatial Analytics Market, by Region

12 Competitive Landscape

13 Company Profiles

14 Key Innovators

For more information about this report visit http://www.researchandmarkets.com/research/mmf8kb/geospatial

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SOURCE Research and Markets