Global Geospatial Solutions Market Report 2019-2025 | Market Set to Rise at a CAGR of 15.6%, Reaching a Value of $549 Billion by 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 18, 2019--
The “Global Geospatial Solutions Market (2019-2025)” report has been added to ResearchAndMarkets.com’s offering.
The Global Geospatial Solutions Market size is expected to reach $549.1 billion by 2025, rising at a market growth of 15.6% CAGR during the forecast period.
A broad variety of factors drive the geospatial solutions industry, including advances in geospatial technologies with the advent of artificial intelligence and big data analytics. The inclusion of geospatial systems with conventional processes is another consideration that speeds up market growth. On the contrary, regulations and legal problems were discovered to impede the development pace of the industry.
Geospatial technology includes GPS (global positioning systems), GIS (geographical information systems), and RS (remote sensing), a technology that offers a radically different way of producing and using maps that are needed to manage communities and industries. Developed economies are anticipated to offer more speed to the industry for geospatial solutions.
Globally, the application of geospatial techniques has seen a steady increase over the last few years. This, along with the simple accessibility of geospatial technology in advanced nations such as the United States and Canada, will certainly improve the market in the region.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Due to the greater use of geospatial systems in the region, North America has been the biggest market for geospatial solutions in 2018. Asia Pacific is anticipated to be the fastest expanding market for geospatial solutions. The demand for geospatial solutions is anticipated to develop at the highest pace worldwide during the forecast period in nations like the US, Canada, the UK, and China.
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Microsoft Corporation, Oracle Corporation, Amazon.com, Inc., Apple, Inc., and IBM Corporation are some of the forerunners in the Geospatial Solutions Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Oracle Corporation, Microsoft Corporation, Maxar Technologies, Inc. (DigitalGlobe, Inc.), Amazon.com, Inc., IBM Corporation, SNC-Lavalin Group, Inc. (Atkins PLC), Pitney Bowes, Inc., Esri, Inc., TomTom N.V., China Geo-Engineering Corporation (CGC) (China Energy Conservation and Environmental Protection Group) and L3Harris Technologies, Inc.
The market players are adopting progressive strategies to leverage the opportunities of the market. Companies are focusing on innovative strategies to compete in the market space.
Recent Strategies Deployed in Geospatial Solutions Market
Collaborations, Partnerships and Agreements
Acquisition and Mergers
For more information about this report visit https://www.researchandmarkets.com/r/fd6dqi
View source version on businesswire.com:https://www.businesswire.com/news/home/20191018005425/en/
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INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 10/18/2019 11:50 AM/DISC: 10/18/2019 11:50 AM