Geospatial Solutions Market Analysis

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: