Global Geospatial Analytics Market Size and Market Share

Global Geospatial Analytics Market Size

The Global Geospatial Analytics Market is expected to attain a market size of $79.8 billion by 2022, improving at a CAGR of 18.0% during the expectation period. Geospatial analysis is a method of is of gathering, giving, and manipulating imagery, GPS, satellite photography and historical data files, which are usually explained specifically in terms of geographic coordinates or sometimes implicitly, in terms of a street address, postal code, or forest stand identifier. Geospatial analysts use filters to determine relevant computer data and apply the performance to conceptualize and even visualize geographically sorted data to and then conduct trend analysis, modeling, and predictions.

According to a new report Global Geospatial Analytics Market (2016-2022), published by KBV Research, the global Geospatial Analytics Market is expected to attain a market size of $79.8 billion by 2022, growing at a CAGR of 18.0% during the forecast period.

The Europe market dominated the Global Geospatial Analytics in Business Market by Region in 2015, and would continue to be a dominant market till 2022; growing at a CAGR of 17.7 % during the forecast period. The North America market would attain market value of $3,911.9 million by 2022. Additionally, The Asia-Pacific market is expected to witness a CAGR of 20.5% during (2016 – 2022).

The Surveying market dominated the Global Geospatial Analytics Market by Application in 2015, and would continue to be a dominant market till 2022. The Disaster Risk Reduction & Management market is expected to witness a CAGR of 19.5% during (2016 – 2022). Additionally, The Climate Change Adaptation market is expected to witness a CAGR of 20% during (2016 – 2022).

Global Geospatial Analytics Market Segmentation

The growing demand for geospatial analytics remedies along with artificial intelligence and simplification of geospatial data files, are among the primary drivers for the market growth. Besides that, the adoption of geospatial analytics solutions by governments and then public protection establishments can further drive the industry growth.

According to the style, the Global Geospatial Analytics market is segmented into Surface Analytics, Network Analytics, Geo-visualization and others. On the basis of the technology, the market is segmented into Remote Sensing, GPS & GIS and Others. The Applications highlighted in this report comprise of Surveying, Medicine & Public Safety, Disaster Risk Reduction & Management, Climate Change Edition and Others. The verticals protected under the report incorporate Utility & Communication, Internet marketing business, Authorities & Public Utilities, Natural Resource, Automotive, Defense & Intelligence yet others.

Full report - https://kbvresearch.com/global-geospatial-analytics-market/