Geospatial Analytics Market Size

Geospatial Analytics Market size was over USD 81.3 billion in 2023 and is anticipated to exceed USD 354.5 billion by the end of 2036, growing at over 15.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of geospatial analytics is evaluated at USD 99.6 billion.

Geospatial analytics leverages geographic information, location data, spatial data, and high-resolution imagery, to extract structured data that can be used for various applications. Big data, machine learning, and cloud computing are used to determine patterns in the geospatial datasets to help improve decision-making in businesses. Acquiring data from global navigation satellite systems, space-borne and aerial remote sensing, location-aware mobile data, field surveys, and wireless sensor networks facilitates the development of intelligent healthcare, public safety, and military applications. Geospatial analytics has emerged as a transformative tool for businesses to optimize operations, enhance consumer experience, and gain a competitive edge.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of geospatial analytics was over USD 81.3 billion.

The market size for geospatial analytics is projected to cross USD 354.5 billion by the end of 2036 expanding at a CAGR of 15.4% during the forecast period i.e., between 2024-2036.

The major players in the market are Google LLC, Foursquare, Trimble Inc., Alteryx, Inc., Bentley Systems Incorporated, ESRI, Fugro N.V., General Electric Company, Maxar Technologies Inc., and others.

In terms of component, the software segment is anticipated to account for the largest market share of 63.1% during 2024-2036

The North America geospatial analytics sector is poised to hold the highest share of 35.1% by 2036.

Geospatial Analytics Market Size