Global Industry Analysts Predicts the World Geospatial Analytics Market to Reach $112.5 Billion by 2026
SAN FRANCISCO, June 23, 2022
SAN FRANCISCO , June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Geospatial Analytics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 9; Released: January 2022
Executive Pool: 30744
Companies: 22 - Players covered include AAM Pty Ltd.; Alteryx, Inc.; Autodesk, Inc.; Bentley Systems, Inc.; Critigen; Descartes Labs, Inc.; DigitalGlobe; Esri; Fugro N.V.; General Electric Company; Geospin GmbH; Google LLC; Harris Corporation; Hexagon AB; Mapidea; Maplarge; Maxar Technologies Ltd.; Oracle Corporation; Orbital Insight, Inc.; Pitney Bowes, Inc.; RMSI Pvt. Ltd.,; SAP SE; TomTom International BV; Trimble, Inc.; Zillioninfo and Others.
Coverage: All major geographies and key segments
Segments: Component (Software & Solution, Service); Type (Surface & Field Analytics, Network & Location Analytics, Geovisualization, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Geospatial Analytics Market to Reach $112.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Geospatial Analytics estimated at US$46.2 Billion, is projected to reach a revised size of US$112.5 Billion by 2026, growing at a CAGR of 15.8% over the analysis period. Software & Solution, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$92.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Service segment is readjusted to a revised 16.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $16.2 Billion in 2021, While China is Forecast to Reach $19.7 Billion by 2026
The Geospatial Analytics market in the U.S. is estimated at US$16.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.7 Billion by the year 2026 trailing a CAGR of 15.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.1% and 13.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
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SOURCE Global Industry Analysts, Inc.