In simple words, Geospatial Analytics is the information about the geographic positions of an entity. It is also called geospatial data, geographic data, or geodata. They are often formatted as points (latitude-longitude coordinates), polygons, or polylines.
The growth in the Geospatial Analytics Market is mainly attributed to the technological advancements in AI and ML adopted by the industry players in the GIS solutions to improve and take-out insights from the GIS data. This AI-based geospatial analytics & intelligence alias GeoAI or GEOINT is crucial to enterprises, government institutes such as weather centers, national labs, defense agencies, and in healthcare, agriculture, insurance, and transportation sector which are moving towards data-driven economy to improve their performance with analytical insights from a large amount of data available. Along with AI & ML, the advancement in big data technology has also influenced the demand for geospatial analytics in the market. Besides, the growing adoption of IoT devices and connected vehicles is expected to further the growth of the market. This, in turn, has drastically improved the demand for geospatial analytics demand in the market.
Geospatial Analytics Market is expected to register a CAGR of 17.6% from 2021 to 2028 and reach $256 billion by 2028.
Top 10 Companies in Geospatial Analytics Market.
Founded in 1969 and headquartered in California, U.S., Esri is a supplier of geographic information system software, web GIS, and geodatabase management applications. In addition, Esri offers ArcGIS, the world’s most powerful geospatial cloud platform, and engineers the most advanced solutions for digital transformation, the Internet of Things (IoT), and advanced analytics. ArcGIS combines mapping and data analytics to provide location intelligence to its clients.
Esri software is deployed in more than 350,000 organizations and 75% of Fortune 500 companies. The world’s largest cities, most national governments, and more than 7,000 colleges and universities. The company works in industries such as commercial, government, manufacturing, utilities, architecture, engineering, construction & real estate, insurance & banking, healthcare, education, retail, petroleum & pipeline, transportation, natural resources such as agriculture, and mining and & forestry. The company has a strong presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
TomTom is a location technology software company. The company provides technologies that include transactional mapmaking platforms, maps for all levels of autonomous driving, navigation software, real-time traffic, travel information, and Maps APIs. TomTom operates through two business segments, namely, Location Technology and Consumer. Through its Location Technology segment, the company operates in the geospatial analytics market. The company has a strong geographical presence in Europe and North America. As of 2020, the company had a headcount of over 4,500 employees across the world.
Here Global B.V.
Founded in 1985 and headquartered in Amsterdam, Netherlands, HERE Global is a leading mapping and location data provider. The company offers wide-ranging solutions to various industry verticals, including automotive, transportation & logistics, telecommunications, media, public sector, insurance, and retail. With its subsidiaries and a strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Some of its subsidiaries are Medio Systems (U.S.), Micello, Inc. (U.S.), HERE Europe B.V (Netherlands), ATS Advanced Telematics Systems GmbH (Germany).
Hexagon is a global provider of information technology solutions that drive productivity and quality across geospatial and industrial landscapes. The company operates in two segments, namely, Geospatial Enterprise Solutions and Industrial Enterprise Solutions. Through its Geospatial Enterprise Solutions segment, the company operates in the geospatial analytics market. With its subsidiaries and a strong distribution network, the company has its presence in Asia-Pacific, North America, Europe, and the Middle East & Africa.
Fugro is the world’s leading geo-data specialist, collecting and analyzing comprehensive information about the ocean and land. The company operates through four business segments, namely, Marine Site Characterization (MSC), Marine Asset Integrity (MAI), Land Site Characterization (LSC), and Land Asset Integrity (LAI). Through its LAI segment, the company operates in the geospatial analytics market. Fugro specializes in developing GIS software solutions, including extensions and applications that integrate with business workflows and boost user productivity. In addition, the company provides geospatial strategy and creates supporting frameworks for technical architecture design, standards, roles, responsibilities, and procedures.
With its subsidiaries, the company has a strong presence in the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Some of the subsidiaries of Fugro are Fugro-BKS Limited, Fugro Canada, Corp. Fugro Pacifica Qinhuangdao Co. Ltd. and Fugro Geotech (India) Private Limited etc. among others.
Meticulous Research in its latest publication on Global Geospatial Market has predicted the growth of 17.6% during the forecast year 2021–2028
Trimble manufactures GPS, global navigation satellite systems, laser and optical technologies, and software that help guide and track machines, equipment, parts, and people. The company’s products target areas such as agriculture, architecture, civil engineering, survey, construction, geospatial, government, natural resources, transportation, and utilities. Trimble sells to end-users, such as government entities, farmers, engineering and construction firms, and equipment manufacturers. The company operates through four business segments— Buildings and Infrastructure, Geospatial, Resources & Utilities, and Transportation. The Geospatial segment provides surveying and geospatial offerings and geographic information systems. Trimble’s innovative technologies include integrated sensors, field applications, real-time communications, and office software for processing, modeling, and data analytics. The company has its presence across North America, Europe, and Asia-Pacific.
L3Harris Technologies Inc.
L3Harris Technologies is an international communications and information technology company serving government and commercial markets. The company a global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. It provides advanced defense and commercial technologies across air, land, sea, space, and cyber domains.
L3Harris operates through four segments– Integrated Mission Systems, Space and Airborne Systems, Communication Systems, and Aviation Systems. The Space and Airborne Systems segment offers intelligence, space protection, geospatial, complete earth observation, universe exploration, positioning, navigation and timing and environmental solutions for national security, defense, civil and commercial customers, using advanced sensors, antennas, and payloads, as well as ground processing and information analytics. L3Harris Geospatial has more than 40 years of experience developing scientifically proven solutions using cutting-edge technology. Organizations across industries use their in-depth knowledge of advanced geospatial analytics, machine learning, and remotely sensed data to make better decisions.
Founded in 2013 and headquartered in New York, U.S., CartoDB offers analysis services to find more efficient delivery routes, strategic store placements, better behavioral marketing, and much more. CARTO is the leading location intelligence platform proving different solutions and services for spatial analysis. The company provides wide-ranging tools into GIS, web mapping, and spatial data science tools. It offers services to various organizations, including real estate, financial services, government, telecoms, and many more. With its subsidiaries and a strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Some of its subsidiaries are Vizzuality, Inc (U.S.). As of 2019, the company had a headcount of 154 employees worldwide.
Alteryx is a provider of self-service data analytics software. The company provides a subscription-based platform, enabling organizations to prepare, blend, and analyze data from various sources and ease data-driven decisions. In addition, the company provides access to data-driven insights to all data producers, ranging from business analysts to expert programmers and trained data scientists. The company operates through two business segments, namely, Subscription-based Software License and PCS & Services. Through its Subscription-based Software License segment, the company operates in the geospatial analytics market. In addition, the company’s APA Platform unifies analytics, data science, and business process automation in one easy-to-use platform to accelerate digital transformation.
The company has a strong geographical presence in Europe, the Americas, and Asia-Pacific. Some of its major subsidiaries include Alteryx ANZ Holdings Pty Limited, Alteryx GmbH, Alteryx Singapore Pte. Ltd., ClearStory Data Inc., Feature Labs, Inc., and Yhat, LLC.
Autodesk is a global leader in 3D design, engineering, and entertainment software and services. The company operates through four segments, namely, Architecture, Engineering and Construction (AEC), AutoCAD and AutoCAD LT (ACAD), Manufacturing (MFG), and Media and Entertainment (M&E). In addition, the company’s InfraWorks conceptual design software lets architecture, engineering, and construction professionals model, analyze and visualize infrastructure design concepts within the context of the built and natural environment – improving decision making and accelerating project approvals. The company has a strong geographical presence in North America, Europe, the Middle East & Africa, and Asia-Pacific.
Popular Mentions: Orbital Insight, Cyient Limited, Precisely, Atkins, RMSI Pvt. Ltd., India, SAP SE, General Electric, Google LLC, Oracle Corporation, and Aam Pty Ltd.
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