Global Geospatial Solutions & Services Market Overview
Geospatial solutions & services are a set of software that provides solutions to organizations, which permit the organization in formulating and anticipating strategies for the future. The geospatial solutions & services primarily are used to determine changes in reference to dynamic spatial conditions or location-based events. The global geospatial solutions & services market accounted for US$ 238.5 billion in 2019 and is estimated to be US$ 1013.7 billion by 2029 and is anticipated to register a CAGR of 15.7%.
Impact of COVID-19 on the market
Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality (VR), solutions are expected to substantially contribute while responding to the COVID-19 pandemic and address continuously emerging challenges. The existing situation due to the outbreak of the crisis will inspire healthcare establishments, pharmaceutical vendors, business traders to improve their R&D investments in AI, acting as a core technology for permitting multiple initiatives. The insurance industry is projected to challenge the pressure associated with cost-efficiency. Usage of AI can help in lowering operating costs, and at the same time, can upsurge customer satisfaction during the renewal processes, claims, and other services. This report will quantify the impact of this pandemic on the geospatial solutions & services market.
Global Geospatial Solutions & Services Market Dynamics
Geospatial technology comprises GIS (geographical information systems), GPS (global positioning systems), and RS (remote sensing), a technology that provides a radically different way of producing and using maps that are required to manage communities and industries. Developed economies are expected to provide lucrative opportunities for the industry for geospatial solutions. The application of geospatial techniques across the globe has witnessed a steady growth over the past decades, owing to simple accessibility of geospatial technology in advanced nations such as the U.S. and Canada, thus further driving the growth of the target the market. Moreover, rising smart city initiatives in emerging countries have resulted in the growing need for geospatial technologies for use in 3D urban mapping, monitoring and mapping natural resources. Increasing adoption of IoT, big data analysis, and Artificial Intelligence (AI) across the globe is projected to create profitable opportunities for global geospatial solutions & services market throughout the forecast period.
Conversely, factors such as huge acquisition costs and operational concerns such as the limited presence of open standards, lack of skilled human resource, and interoperability mechanisms are hampering the global market growth.
Global Geospatial Solutions & Services Market Segmentation
The global geospatial solutions & services market is segmented based on the solution type, technology, end-user, application, and region.
On the basis of the solution type, the global geospatial solutions & services market is segmented into hardware, software, and service. Based on the technology, the target market is segmented into geospatial analytics, gnss & positioning, scanning, and earth observation. Based on the end-user, the target market is classified into utility, business, transportation, defence & intelligence, infrastructural development, natural resource, and others. Based on the application, the target market is classified into surveying & mapping, geovisualization, asset management, planning & analysis, and others.
Regional Insights:
In the region, the global geospatial solutions & services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, North America dominates the global geospatial solutions & services market in terms of revenue terms due to high adoption of latest technologies such as internet of things (IOT), cloud, and big data in the region. The market in Europe estimated for second-largest revenue share in the global geospatial solutions & services market, closely followed by the market in Asia Pacific. The market in the Asia Pacific is expected to register the fastest growth in terms of revenue, due to the growing use of analytics and analytical tools along with rising adoption of advanced technologies such as cloud computing and big data in countries in the region. Furthermore, the markets in Latin America and Middle East & Africa are also anticipated to register relatively stable growth during the forecast period.
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Attribute |
Details |
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The base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Solution Type - Hardware, Software, and Service By Technology - Geospatial Analytics, GNSS & Positioning, Scanning, and Earth Observation By End-user - Utility, Business, Transportation, Defence & Intelligence, Infrastructural Development, Natural Resource, and Others By Application – Surveying & Mapping, Geovisualization, Asset Management, Planning & Analysis, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the global geospatial solutions & services market report based on solution type, technology, end-user, application, and region.
Global Geospatial Solutions & Services Market, By Solution Type:
- Hardware
- Software
- Service
Global Geospatial Solutions & Services Market, By Technology:
- Geospatial Analytics
- GNSS & Positioning
- Scanning
- Earth Observation
Global Geospatial Solutions & Services Market, By End-user:
- Utility
- Business
- Transportation
- Defence & Intelligence
- Infrastructural Development
- Natural Resource
- Others
Global Geospatial Solutions & Services Market, By Application:
- Surveying & Mapping
- Geovisualization
- Asset Management
- Planning & Analysis
- Others
Global Geospatial Solutions & Services Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Geospatial Solutions & Services Market Key Players
The key players operating in the global geospatial solutions & services market include HERE Technologies, Esri (US), Hexagon (Sweden), Atkins PLC, Pitney Bowes, Topcon Corporation, DigitalGlobe, Inc. (Maxar Group), General Electric, Harris Corporation (US), and Google. Multiple strategies such as new product launches, acquisitions, and joint ventures are adopted by the companies to enter the market. For instance, in April 2019, Pitney collaborated with Accenture for permitting Accenture Applied Intelligence to apply Pitney Bowes' data assets for the growth of new intelligent solutions. Pitney data assets include location intelligence and geospatial capabilities.
Global Geospatial Solutions & Services Market Company Profile
- HERE Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Esri (US)
- Hexagon (Sweden)
- Atkins PLC
- Pitney Bowes
- Topcon Corporation
- DigitalGlobe, Inc. (Maxar Group)
- General Electric
- Harris Corporation
- Google, Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global Geospatial Solutions & Services Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Geospatial Solution & Services Strategies
- Key Questions this Study will Answer
- Market Snippet, By Solution Type
- Market Snippet, By Technology
- Market Snippet, By End-user
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Geospatial Solution & Services Market, By Solution Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Hardware
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Software
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Service
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Geospatial Solution & Services Market, By Technology, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Geospatial Analytics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- GNSS & Positioning
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Scanning
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Earth Observation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Geospatial Solution & Services Market, By End-user, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Utility
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Business
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Transportation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Defence & Intelligence
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Infrastructural Development
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Natural Resource
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Geospatial Solution & Services Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Surveying & Mapping
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Geovisualization
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Asset Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Planning & Analysis
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Geospatial Solution & Services Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Solution Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Solution Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Solution Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Solution Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Solution Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- HERE Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Esri (US)
- Hexagon (Sweden)
- Atkins PLC
- Pitney Bowes
- Topcon Corporation
- DigitalGlobe, Inc. (Maxar Group)
- General Electric
- Harris Corporation
- HERE Technologies
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- The Last Word
- Future Impact
- About Us
- Contact