Global Geospatial Solutions Market- Global Forecast To 2024
The earth observation segment is expected to be the largest contributor to the geospatial solution market, by technology, during the forecast period
The geospatial solutions market is segmented, by technology, into geospatial analytics, GNSS & positioning, scanning, and earth observation. The earth observation segment is projected to hold the largest market share by 2024. Earth observation satellites observe the planet for changes in everything, from temperature to forestation to ice sheet coverage. This is possible through satellite imagery, Light Detection and Ranging (LiDAR), and other related technologies. With the growth of these technologies, this particular segment market is also expected to grow.
The software segment is expected to be the fastest growing market during the forecast period
The geospatial solutions market, by solution type, is segmented into hardware, software, and service. The software segment brings the majority of revenues and therefore has a higher share of the geospatial technologies and solutions sector. Geospatial-specific software form a platform, which acts as a user interface on which the various geospatial data is executed and analysis is performed.
North America is expected to be the largest market during the forecast period
In this report, the geospatial solutions market has been analyzed with respect to 5 regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest market from 2019 to 2024. Increasing integration of geospatial technologies into mainline technologies is likely to be a key component driving the market in North America. The developed economies are expected to give more thrust to the geospatial solution market. Globally, the implementation of geospatial technologies has seen a gradual increase over the past few years. This, along with the easy availability of geospatial technology in evolved countries such as the US and Canada, will surely positively boost the market in the region.
Key Market Players
The major players in the global geospatial solutions market are HERE Technologies (the Netherlands), Esri (US), Hexagon (Sweden), Atkins Plc (UK), Pitney Bowes (US), Topcon (Japan), DigitalGlobe Inc (Maxar Group) (US), General Electric (US), Harris Corporation (US), Google (US), Bentley (UK), Geospatial Corporation (US), Baidu (China), Telenav (US), TomTom International B.V. (the Netherlands), Apple (US), Oracle (US), Microsoft (US), Amazon (US), IBM (US), SAP (US), China Geo-Engineering Corporation (CGC) (China), RMSI (India), and Orbital Insights (US).
Trimble (US) is a key player in this segment. Its geospatial business segments offer GIS and surveying and geospatial solutions. Its surveying and geospatial portfolio includes solutions such as mapping, 2D or 3D modeling, measurement, reporting, analysis, and land management through field-based technologies for construction, engineering, mining, oil & gas, energy & utilities, and government. Its field-based technologies include handheld mobile, airborne applications, and other technologies such as mobile application software, high-precision GNSS, robotic measurement systems, inertial positioning, 3D laser scanning, digital imaging, optical or laser measurement, and unmanned aerial vehicles. Currently, the company is focusing on organic growth strategies. In 2018, the company’s overall revenue increased by USD 461.9 million due to its organic growth across all segments. Its geospatial segment revenue was increased by USD 64.6 million for 2018–19. The revenue increase was primarily due to organic growth for optical and GNSS survey products, across most major regions, namely, North America and Europe.
Another major player in the segment is the Environmental Systems Research Institute (Esri). The company is a global market solution provider of GIS, mapping, and spatial analytics software to various industries such as commercial, government, manufacturing, and utilities. The company offers various products such as ArcGIS, ArcGIS Pro, ArcGIS Enterprise for location intelligence, and cloud-based ArcGIS Online. Under this product portfolio, the company offers geospatial and GIS solutions. Esri focuses on its R&D capabilities to gain a competitive advantage over its peers. The company is also focusing on inorganic strategies such as collaborations, mergers & acquisitions, and contracts & agreements. For instance, in February 2018, Esri acquired ClearTerra (US) to provide ArcGIS platform users the ability to easily discover and extract geographic coordinates from unstructured textual data such as emails, briefings, and reports, instantly generating intelligent map-based information. The Port Authority of Rotterdam uses ArcGIS to keep operations running smoothly and efficiently.
2 Research Methodologies
3 Executive Summaries
4 Premium Insights
4.1 Attractive Opportunities in the Geospatial Solutions Market
4.2 Geospatial Solutions Market, By Technology
4.3 Geospatial Solutions Market, By Solution Type
4.4 Geospatial Solutions Market, By Application
4.5 Geospatial Solutions Market, By End-User
4.6 Geospatial Solutions Market, By Region
5 Market Overview
5.2 Market Dynamics
6 Geospatial Solutions Market, By Technology
6.2 Geospatial Analytics
6.3 Gnss & Positioning
6.5 Earth Observation
7 Geospatial Solutions Market, By Solution Type
8 Geospatial Solutions Market, By Application
8.2 Surveying & Mapping
8.4 Asset Management
8.5 Planning & Analysis
9 Geospatial Solutions Market, By End-User
9.7 Natural Resource
10 Geospatial Solutions Market, By Region
10.2 North America
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Competitive Landscapes
12 Company Profiles
(Business Overview, Products Offered, Financials, Recent Developments)*
12.3 Here Technologies
12.4 Pitney Bowes
12.5 Hexagon Geospatial
12.6 Maxar Technologies
12.8 Geospatial Corporation
12.9 Topcon Positioning Systems
12.15 Harris Corporation
12.24 Orbital Insights
12.25 China Geo-Engineering Corporation
*Details Might Not Be Captured in Case of Unlisted Companies.