How big is the Geospatial Analytics Market?

The Geospatial Analytics Market size is expected to reach USD 86.39 billion in 2024 and grow at a CAGR of 12.81% to reach USD 157.80 billion by 2029. Read More

What is the current Geospatial Analytics Market size?

In 2024, the Geospatial Analytics Market size is expected to reach USD 86.39 billion. Read More

Who are the key players in Geospatial Analytics Market?

ESRI Inc., MDA LTD., Hexagon AB, TRIMBLE INC. and Bentley Systems, Inc. are the major companies operating in the Geospatial Analytics Market. Read More

Which is the fastest growing region in Geospatial Analytics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Geospatial Analytics Market?

In 2024, the North America accounts for the largest market share in Geospatial Analytics Market. Read More

What years does this Geospatial Analytics Market cover, and what was the market size in 2023?

In 2023, the Geospatial Analytics Market size was estimated at USD 75.32 billion. The report covers the Geospatial Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Geospatial Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key considerations for integrating geospatial analytics into existing business processes?

The key considerations for integrating geospatial analytics into existing business processes are a) Data compatibility b) Choosing the right tools c) Employee training needs for successful integration Read More

Geospatial Analytics Market Report | Industry Analysis, Size & Growth Trends

Geospatial Analytics Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Geospatial Industry Analysis and is Segmented by Type (Surface Analysis, Network Analysis, Geo-Visualization), End-User Industry (Agriculture, Utility and Communication, Defense and Intelligence, Government, Natural Resources), and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Geospatial Analytics Industry Overview

The geospatial analytics market is characterized by consolidation, with several prominent companies dominating specific regions and countries. These key players include ESRI Inc., General Electric (GE), Hexagon AB, MDA Corporation, Bentley Systems, Inc., Trimble Geospatial, and others. These industry giants employ various strategies to maintain a competitive edge.

In July 2023, Locana, an international spatial technology provider, joined forces with OpenStreetMap US, a nonprofit organization dedicated to supporting and expanding the OpenStreetMap (OSM) project. OSM aims to enhance access to high-quality geographic data, reduce the cost of utilizing location intelligence, and enable more organizations to leverage insights derived from location data.

In February 2023, GE Renewable Energy's Grid Solutions business secured a multi-million dollar contract from the Nepal Electricity Authority (NEA). This agreement involves the automation of 39 substations with varying ratings across Nepal. Additionally, it encompasses the construction of six Master Control Centers (MCCs), marking a significant development in Nepal's electrical infrastructure.