Spain Geospatial Analytics Market Market Size (2024 - 2029)

Spain Geospatial Analytics Market Analysis

The Spain Geospatial Analytics Market size is estimated at USD 0.48 billion in 2024, and is expected to reach USD 0.74 billion by 2029, growing at a CAGR of 9.03% during the forecast period (2024-2029).

The Spain Geospatial Analytics market is driven by the increasing demand from various end-user industries, the increasing adoption of advanced technologies in geospatial analytics solutions, and the increasing demand for geospatial analytics in urban planning.

• The geospatial analytics market in Spain is expected to witness significant traction in the coming years owing to the increasing presence of geospatial data analytics solutions market vendors coupled with the increasing adoption among various end-user industries. In addition, technology advancements such as Artificial intelligence, cloud computing, and big data have increased the demand for efficient analysis of large-scale geospatial data.
• Moreover, the increasing availability and accessibility of geospatial data in the country drive the demand for geospatial analytics solutions in various end-user industries. Organizations are moving to analyze this data for informed decision-making using geospatial analytics solutions. For instance, in Spain, there are a multitude of portals and Spatial Data Infrastructure (SDI) nodes at the state, regional, and local levels, which are centralized through the geoportal of the Spatial Data Infrastructure of Spain (IDEE).
• The region's companies also offer innovative geospatial datasets for effective geospatial analytics. For instance, Carto Data Observatory makes it simple for enterprise organizations to access thousands of always-on public & premium datasets, enhancing their Geospatial analysis with data such as demographics, POIs, human mobility, and credit card transactions. Such developments are further expected to expand the geospatial analytics market in the country over the forecast period.
• Moreover, adopting cloud-based GIS and applying advanced data analytics technologies in geographic information systems are expected to significantly impact the market growth during the forecast period. For instance, CARTO in Spain offers a cloud-native platform to advance geospatial analysis, turn location data into real business outcomes, optimize business processes, and predict future outcomes.

Spain Geospatial Analytics Industry Segmentation

Geospatial analytics is acquiring, manipulating, and displaying imagery and data from the geographic information system (GIS), such as satellite photos and GPS data. The specific identifiers of a street address and a zip code are used in geospatial data analytics. They are used to create geographic models and data visualizations for more accurate trends modeling and forecasting.

The Spain geospatial analytics market is segmented by type (surface analysis, network analysis, geovisualization), by end user vertical (agriculture, utility and communication, defence and intelligence, government, mining and natural resources, automotive and transportation, healthcare, real estate, and construction). The market sizes and forecasts are provided in terms of USD value for all the above segments.