Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Geospatial Solutions Market size was valued at USD 498.13 billion in 2024 and is anticipated to reach USD 2.64 trillion by the end of 2037, registering around 13.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of geospatial solutions is assessed at USD 552.73 billion.
The growth of the market can be attributed to the growing applications of geospatial solutions followed by the integration of advanced technologies in GIS applications. Geographical information Systems (GIS) are used to analyze and study spatial and geographic data. Incorporation of technologies, such as Augmented Reality (AR), 3D printing, and artificial intelligence in geospatial solutions is projected to boost the market growth. It is estimated that 97 million people will work in the field of artificial intelligence by 2025. It is projected that the market size of AI will increase at least 120% year over year.
Moreover, the growing research activities regarding the space and earth, and constant investment in these research activities are estimated to fuel the market growth. In addition to this, the increasing use of global positioning system (GPS) across the globe, is expected to strengthen the market growth.
Geospatial Solutions Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Internet Accessibility- The never -ending growth in internet accessibility around the world along with numerous technological advancements compromising 5G, blockchain, cloud services, Internet of Things (IoT), and artificial intelligence among the others have significantly boosted the economic growth in the last two decades. In the healthcare industry, business solutions and analyses, there is a growing adoption of AI. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally.
- Wide Spread Applicability- Increased government and private investment to advance technology, as well as expansion of players worldwide. Furthermore, the increased uptake of geospatial analysis is driven by increasing research and development activity. In addition, locational services are also used for a wide range of purposes in various end-use industries like mining, retail, transport, urban planning, construction and so on.
- Government Initiatives and Policies: Many governments worldwide have launched initiatives and policies to promote the adoption of geospatial technologies. These initiatives encourage investments in geospatial infrastructure and foster innovation in the market.
Challenges
- Data Quality and Accuracy- Geospatial solutions heavily rely on accurate and high-quality data. Inconsistent, outdated, or inaccurate data can lead to errors in analyses and decision-making, undermining the reliability and effectiveness of geospatial applications.
- Cost and Accessibility of Data may hamper the growth of the market.
- Limited Infrastructural connectivity can hamper the market’s growth during the forecast period.
Geospatial Solutions Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
13.7% |
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Base Year Market Size (2024) |
USD 498.13 billion |
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Forecast Year Market Size (2037) |
USD 2.64 trillion |
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Regional Scope |
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Geospatial Solutions Segmentation
Application (Resource Management, Web Mapping, Research)
The web mapping segment is anticipated to account for 58% share of the global geospatial solutions market during the forecast period owing to the increasing proliferation of free-to-use mapping software, along with growing accessibility of e-maps. The growing market for web maps solutions is being driven by increased adoption of technologies such as li-DAR and remote sensing to capture data. The market is expected to grow in the forecast horizon due to increasing applications such as land use planning urban planning, traffic management, environmental and telecommunications. The number of mobile subscribers amounted to 5.3 billion persons at the end of 2021, equivalent to 67% of the world's population. The new number of subscribers will reach over 400 million by 2025 at the latest.
End-User (Utility, Business, Transportation, Defence & Intelligence, Infrastructural Development)
The transportation segment in the geospatial solutions market is anticipated to gain substantial share during the forecast period this is due to an increasing trend of travels, with the use of inbuilt mobile maps and others. Moreover, in order to guarantee safety, there has been an increasing demand for spatial data in the field of transport management & planning as well as a higher demand for location-based mapping products that encourage route planning.
Our in-depth analysis of the global market includes the following segments:
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Technology |
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Solution |
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Application |
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End-User |
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Customize this ReportGeospatial solutions Industry - Regional Synopsis
North American Market Forecast
North America geospatial solutions market is anticipated to hold 33% of the revenue share by the end of the forecast period, owing to the presence of leading technology providers in the region, along with early adoption of advanced technology providers in the region. Moreover, the growing investment in research regarding space and earth is expected to boost the market growth. According to the report by the National Aeronautics and Space Administration (NASA), the budget provided to NASA amounted to USD 21 billion in 2020. Increasing investment in defense, as well as advances in telecommunications technology. Moreover, it is expected that market investment in these services will increase as a consequence of the deployment of LBS enabled drones for border security and surveillance monitoring high risks by federal agencies, governments or nongovernmental organizations.
APAC Market Statistics
The Asia Pacific region is anticipated to account for 27% share of the global geospatial solutions market during the forecast period on the back of development in terms of technology enhancement and rising investment in research associated with geospatial solutions. There has been rapid growth for geospatial solutions in the urban population due to growing economies in the region, such as India, China, and Indonesia. The rapid growth of the region is driven by the rising demand for geospatial solutions to develop smart cities, smart infrastructure, and well-planned urban landscapes across emerging economies such as China, India, and South Korea.
Companies Dominating the Geospatial Solutions Landscape
- TomTom International BV
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Telenav Inc.
- HERE Global BV
- Hexagon AB
- Esri
- SNC Co., Ltd.
- GeoConnexion Limited
- MAXAR TECHNOLOGIES
- L3Harris Technologies, Inc.
- WaveOn
In the News
- The Conference on Geospatial Information Software Technology for 2023, with the theme of "Geospatial Intelligence Elevated by Integration" was held in Beijing from 27 to 28 June. Government pioneers and academicians from China, specialists, and business agents from both China and abroad were welcome to trade thoughts of geospatial knowledge innovation and give experiences into its expansive application possibilities.
- Newest Land Cover Map from Esri Features Better AI Modelling, maps of land use and land cover (LULC) contextualise and quantify the effects of natural and anthropogenic activities on the environment.
Author Credits: Abhishek Verma
- Report ID: 3677
- Published Date: Oct 09, 2024
- Report Format: PDF, PPT
