Product Code: EP 7266
"The global geospatial solutions market is projected to grow at a CAGR of 13.2% from 2019 to 2024"
The global geospatial solutions market is projected to reach USD 502.6 billion by 2024 from an estimated USD 239.1 billion in 2019, at a CAGR of 13.2% during the forecast period. This growth can be attributed to factors such as development of 4D GIS software and GIS industry using new and upcoming technologies like 3D, Augmented Reality (AR), and Virtual Reality (VR).
"The earth observation segment is expected to be the largest market, by technology, during the forecast period"
The earth observation segment is expected to be the largest market, by technology, during the forecast period. Earth observation uses satellite imagery to make several key decisions, especially in the defense & intelligence sector, is taken. The components used in earth observation are of significant importance and value. The investments made are also significantly high. All this eventually leads to the development of this segment.
Geovisualization is expected to be the fastest growing segment of the geospatial solutions market, by application, during the forecast period
Geovisualization emphasizes knowledge construction over knowledge storage or information transmission. For this, geovisualization communicates geospatial information in ways that, when combined with human understanding, allow data exploration and decision-making processes. Thus, this application is of extreme importance in mapping and surveying. With the growth in the usage of geospatial solutions, this application is expected to be extensively used during the forecast period.
"North America: The largest geospatial solutions market"
North America is projected to be the largest geospatial solutions market by 2024. The US, Canada, and Mexico are among the major countries that are the leading users of geospatial technologies and are implementing these technologies into mainstream applications. Over the past few years, this region has witnessed rapid economic development. Also, the growth of automation in this region increased the adoption of geospatial technologies in several industries, which, in turn, drives the growth of the geospatial solutions market.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier I-60%, Tier II-20%, and Tier III-20%
- By Designation: C-Level-55%, Director Level-30%, and Others-15%
- By Region: North America-15%, Europe-20%, Asia Pacific-25%, the Middle East & Africa-25%, and South America-10%
Note: Others includes sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: less than USD 500 million.
The global geospatial solutions market is dominated by a few major players that have a wide regional presence. The leading players in the geospatial solutions market are HERE Technologies (the Netherlands), Esri (US), Hexagon (Sweden), Atkins Plc (UK), Pitney Bowes (US), Topcon (Japan), DigitalGlobe Inc (Maxar Group) (US), General Electric (US), Harris Corporation (US), Google (US), Bentley (UK), Geospatial Corporation (US), Baidu (China), Telenav (US), TomTom International B.V. (the Netherlands), Apple (US), Oracle (US), Microsoft (US), Amazon (US), IBM (US), SAP (US), China Geo-Engineering Corporation (CGC) (China), RMSI (India), and Orbital Insights (US).
Research Coverage:
The report defines, describes, and forecasts the global geospatial solutions market, by technology, solution, end-user, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the geospatial solutions market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 DEFINITION
- 1.3 MARKET SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 REGIONAL SCOPE
- 1.4 YEARS CONSIDERED FOR THE STUDY
- 1.5 CURRENCY
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 SCOPE
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 DEMAND-SIDE ANALYSIS
- 2.2.1.1 Calculation
- 2.2.1.2 Assumptions
- 2.2.2 SUPPLY-SIDE ANALYSIS
- 2.2.2.1 Assumptions
- 2.2.2.2 Calculation
- 2.2.3 FORECAST
- 2.3 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES IN THE GEOSPATIAL SOLUTIONS MARKET
- 4.2 GEOSPATIAL SOLUTIONS MARKET, BY TECHNOLOGY
- 4.3 GEOSPATIAL SOLUTIONS MARKET, BY SOLUTION TYPE
- 4.4 GEOSPATIAL SOLUTIONS MARKET, BY APPLICATION
- 4.5 GEOSPATIAL SOLUTIONS MARKET, BY END-USER
- 4.6 GEOSPATIAL SOLUTIONS MARKET, BY REGION
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Integration of geospatial technology with mainstream technologies
- 5.2.1.2 Advancements in geospatial technologies with the introduction of
AI and Big Data analytics 36
- 5.2.1.3 Increasing use of LBS
- 5.2.1.4 Digital revolution such as AI, automation, cloud, IoT, and miniaturization of sensors are adding to the momentum of the geospatial industry
- 5.2.2 RESTRAINTS
- 5.2.2.1 Regulations and legal issues
- 5.2.2.2 Limited availability of skilled staff
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Development of 4D GIS software
- 5.2.3.2 Development of the GIS industry using new and upcoming technologies such as 3D, AR, and VR
- 5.2.4 CHALLENGES
- 5.2.4.1 Complexities involved in the integration of geospatial data with enterprise solutions
6 GEOSPATIAL SOLUTIONS MARKET, BY TECHNOLOGY
- 6.1 INTRODUCTION
- 6.2 GEOSPATIAL ANALYTICS
- 6.2.1 GEOSPATIAL ANALYTICS SEGMENT IS DRIVEN BY CLOUD SOLUTIONS AS IT HAS EMERGED AS AN ANALYTICAL PLATFORM
- 6.3 GNSS & POSITIONING
- 6.3.1 GROWING DEMAND FOR LOCATION-BASED INFORMATION IS EXPECTED TO DRIVE GNSS & POSITIONING SEGMENT
- 6.4 SCANNING
- 6.4.1 INCREASING DEMAND FOR LIDAR & LASER SCANNING IS EXPECTED TO DRIVE THE SCANNING SEGMENT DURING THE FORECAST PERIOD
- 6.5 EARTH OBSERVATION
- 6.5.1 AI & BIG DATA ARE EXPECTED TO DRIVE THE EARTH OBSERVATION SEGMENT DURING THE FORECAST PERIOD
7 GEOSPATIAL SOLUTIONS MARKET, BY SOLUTION TYPE
- 7.1 INTRODUCTION
- 7.2 HARDWARE
- 7.2.1 GEOSPATIAL ANALYTICS SEGMENT IS DRIVEN BY CLOUD SOLUTIONS AS IT HAS EMERGED AS AN ANALYTICAL PLATFORM
- 7.3 SOFTWARE
- 7.3.1 INTEGRATION OF TECHNOLOGIES SUCH AS AI AND CLOUD SOLUTIONS IS EXPECTED TO DRIVE THE SOFTWARE SEGMENT DURING THE FORECAST PERIOD
- 7.4 SERVICE
- 7.4.1 INCREASING DEMAND FOR ANALYTICAL & CONSULTING SERVICE IS EXPECTED TO DRIVE THE SERVICE SEGMENT DURING THE FORECAST PERIOD
8 GEOSPATIAL SOLUTIONS MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- 8.2 SURVEYING & MAPPING
- 8.2.1 INCREASING USE OF TECHNOLOGIES SUCH AS LIDAR AND REMOTE SENSING FOR DATA CAPTURING IS EXPECTED TO DRIVE THE SURVEYING & MAPPING SOLUTION MARKET DURING THE FORECAST PERIOD
- 8.3 GEOVISUALIZATION
- 8.3.1 INCREASING DEMAND FOR GEOVISUALIZATION APPLICATIONS IN NORTH AMERICA IS EXPECTED TO DRIVE THE SEGMENT DURING FORECAST PERIOD
- 8.4 ASSET MANAGEMENT
- 8.4.1 INCREASING NEED TO ENHANCE OPERATIONAL PERFORMANCE IS EXPECTED TO DRIVE THE ASSET MANAGEMENT SEGMENT DURING THE FORECAST PERIOD
- 8.5 PLANNING & ANALYSIS
- 8.5.1 TELECOM, URBAN PLANNING, TRANSPORTATION PLANNING, ENVIRONMENTAL PLANNING, AND LAND USE PLANNING ARE MAJOR SECTORS DRIVING THE SEGMENT DURING THE FORECAST PERIOD
- 8.6 OTHERS
9 GEOSPATIAL SOLUTIONS MARKET, BY END-USER
- 9.1 INTRODUCTION
- 9.2 UTILITY
- 9.2.1 INCREASING DEMAND FOR GEOSPATIAL SOLUTIONS FOR ASSET MANAGEMENT, ENVIRONMENTAL MONITORING, DISASTER MANAGEMENT, AND GRID MANAGEMENT IS EXPECTED TO DRIVE THE UTILITY SEGMENT DURING THE FORECAST PERIOD
- 9.3 BUSINESS
- 9.3.1 NORTH AMERICA IS EXPECTED TO DOMINATE THE BUSINESS SEGMENT DURING FORECAST PERIOD
- 9.4 TRANSPORTATION
- 9.4.1 INCREASING NEED TO MANAGE TRANSPORTATION INFRASTRUCTURE IS EXPECTED TO DRIVE THE SEGMENT DURING THE FORECAST PERIOD
- 9.5 DEFENSE & INTELLIGENCE
- 9.5.1 INCREASING ADOPTION OF TECHNOLOGIES SUCH AS IOT & REMOTE SENSING IS EXPECTED TO DRIVE THE DEFENSE & INTELLIGENCE SEGMENT DURING THE FORECAST PERIOD
- 9.6 INFRASTRUCTURAL DEVELOPMENT
- 9.6.1 APPLICATIONS SUCH AS URBAN DEVELOPMENT AND INFRASTRUCTURE PLANNING ARE EXPECTED TO DRIVE THE SEGMENT DURING THE FORECAST PERIOD
- 9.7 NATURAL RESOURCE
- 9.7.1 INCREASING NEED TO EFFICIENTLY USE NATURAL RESOURCES IS EXPECTED TO DRIVE THE SEGMENT DURING THE FORECAST PERIOD
- 9.8 OTHERS
10 GEOSPATIAL SOLUTIONS MARKET, BY REGION
- 10.1 INTRODUCTION
- 10.2 NORTH AMERICA
- 10.2.1 BY TECHNOLOGY
- 10.2.2 BY SOLUTION TYPE
- 10.2.3 BY END-USER
- 10.2.4 BY APPLICATION
- 10.2.5 BY COUNTRY
- 10.2.5.1 US
- 10.2.5.1.1 The US has a rich heritage of having the largest-scale thematic layers such as cadastral, topography, utility network, and transport network
- 10.2.5.2 Canada
- 10.2.5.2.1 The Maritime and Ports Authority of Singapore launched several IoT and connectivity-based applications
- 10.2.5.3 Mexico
- 10.2.5.3.1 Slowly and steadily Mexico is developing the infrastructure and the expertise to adopt geospatial technologies
- 10.3 EUROPE
- 10.3.1 BY TECHNOLOGY
- 10.3.2 BY SOLUTION TYPE
- 10.3.3 BY END-USER
- 10.3.4 BY APPLICATION
- 10.3.5 BY COUNTRY
- 10.3.5.1 Germany
- 10.3.5.1.1 The country is expected to conduct numerous projects on LiDAR
- 10.3.5.2 UK
- 10.3.5.2.1 The nation is working rigorously on commercializing geospatial technologies
- 10.3.5.3 Italy
- 10.3.5.3.1 Major developments in the form of mergers & acquisitions are expected to drive the geospatial solutions market in the region significantly
- 10.3.5.4 France
- 10.3.5.4.1 Major developments in the form of mergers & acquisitions are expected to drive the geospatial solutions market in the region significantly
- 10.3.5.5 Rest of Europe
- 10.4 ASIA PACIFIC
- 10.4.1 BY TECHNOLOGY
- 10.4.2 BY SOLUTION TYPE
- 10.4.3 BY END-USER
- 10.4.4 BY APPLICATION
- 10.4.5 BY COUNTRY
- 10.4.5.1 China
- 10.4.5.1.1 Major investments are expected to revamp infrastructure and build data-driven solutions
- 10.4.5.2 Japan
- 10.4.5.2.1 The government is strongly supporting the development of UAV and its implementation in geospatial technologies
- 10.4.5.3 India
- 10.4.5.3.1 The nation is implementing geospatial technologies massively to reach the 100 smart cities program
- 10.4.5.4 South Korea
- 10.4.5.4.1 The country is readily implementing geospatial technologies in improving its renewable energy generation
- 10.4.5.5 Rest of Asia Pacific
- 10.5 SOUTH AMERICA
- 10.5.1 BY TECHNOLOGY
- 10.5.2 BY SOLUTION TYPE
- 10.5.3 BY END-USER
- 10.5.4 BY APPLICATION
- 10.5.5 BY COUNTRY
- 10.5.5.1 Brazil
- 10.5.5.1.1 Brazil to make massive investments in the data storage front, supporting the geospatial industry
- 10.5.5.2 Colombia
- 10.5.5.2.1 The nation is using these technologies to study the unexplored parts of the Colombian Amazon
- 10.5.5.3 Rest of South America
- 10.6 MIDDLE EAST & AFRICA
- 10.6.1 BY TECHNOLOGY
- 10.6.2 BY SOLUTION TYPE
- 10.6.3 BY END-USER
- 10.6.4 BY APPLICATION
- 10.6.5 BY COUNTRY
- 10.6.5.1 UAE
- 10.6.5.1.1 The UAE is taking gigantic leaps in implementing geospatial technologies
- 10.6.5.2 Saudi Arabia
- 10.6.5.2.1 National savings would be key to drive the geospatial market forward
- 10.6.5.3 South Africa
- 10.6.5.3.1 Transnet to take an interest in the South African geospatial solutions space
- 10.6.5.4 Rest of Middle East & Africa
11 COMPETITIVE LANDSCAPE
- 11.1 OVERVIEW
- 11.2 RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2018
- 11.2.1 CONTRACTS & AGREEMENTS
- 11.2.2 NEW PRODUCT LAUNCHES
- 11.2.3 MERGERS & ACQUISITIONS
- 11.2.4 PARTNERSHIPS & COLLABORATIONS
- 11.3 COMPETITIVE LEADERSHIP MAPPING
- 11.3.1 VISIONARY LEADERS
- 11.3.2 INNOVATORS
- 11.3.3 DYNAMIC DIFFERENTIATORS
- 11.3.4 EMERGING COMPANIES
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View)*
- 12.1 TRIMBLE
- 12.2 ESRI
- 12.3 HERE TECHNOLOGIES
- 12.4 PITNEY BOWES
- 12.5 HEXAGON GEOSPATIAL
- 12.6 MAXAR TECHNOLOGIES
- 12.7 BENTLEY
- 12.8 GEOSPATIAL CORPORATION
- 12.9 TOPCON POSITIONING SYSTEMS
- 12.10 SNC-LAVALIN
- 12.11 GE
- 12.12 GOOGLE
- 12.13 BAIDU
- 12.14 TELNAV
- 12.15 HARRIS CORPORATION
- 12.16 TOMTOM
- 12.17 APPLE
- 12.18 ORACLE
- 12.19 MICROSOFT
- 12.20 AMAZON
- 12.21 IBM
- 12.22 SAP
- 12.23 RMSI
- 12.24 ORBITAL INSIGHTS
- 12.25 CHINA GEO-ENGINEERING CORPORATION
Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13 APPENDIX
- 13.1 INSIGHTS OF INDUSTRY EXPERTS
- 13.2 DISCUSSION GUIDE
- 13.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.4 AVAILABLE CUSTOMIZATIONS
- 13.5 RELATED REPORTS
- 13.6 AUTHOR DETAILS
