Growing use of GPS devices and increasing use of geospatial technologies in the automotive industry to propel the growth of United States geospatial analytics market during the forecast period
According to TechSci Research report, “United States Geospatial Analytics Market By Component, By Deployment Mode, By Type, By Application, ByEnd User Industry, Competition, Forecast & Opportunities, 2025” the United States geospatial analytics market is projected to grow at a formidable CAGR during the forecast period on account of rapid technological advancements in the field of GIS technology, growing use of GPS devices, recent trends in integration and convergence of geospatial technologies and increasing application of geospatial analytics in city and town planning. Moreover, surging use of geospatial analytics in the automotive industry because of the increasing safety concerns among passengers, is anticipated to give a healthy push to the growth of geospatial analytics market in the country over the next 5 years. However, some of the factors such as high acquisition costs, limited presence of open standards and interoperability mechanisms, lack of skilled human resources and integration issues between GIS and environmental resources management systems might hamper the growth of United States geospatial analytics market through 2025.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on“United States Geospatial Analytics Market”
The United States geospatial analytics market is segmented based on component, deployment mode, type,
application, end user industry, region and company. In terms of component,
the market can be segmented into software & solution and service. Out of
which, the software & solutions segment held the largest market share until
2019 and is anticipated to maintain its lead during the forecast period as well,
which can be attributed to the adoption of geospatial software & solutions
by enterprises to acquire location-based business intelligence for informed
decision-making. In terms of type, the surface & field analytics segment is
projected to witness high growth in the forthcoming years, which is attributable
to the rising adoption of surface & field analytics solutions in various
industry verticals, thereby facilitating strategic decisions. Surface &
field analytics is being widely used by infrastructure development in order to
determine the water flow on the earth surface, that is used to design drainage
systems as well as in agriculture industry sector to understand topsoil
Market Players :
Alteryx, DigitalGlobe, Trimble Navigation, MapLarge, Harris Corporation, Bentley Systems, ESRI, General Electric, Oracle, Google and others are some of the leading players operating in United States geospatial analytics market.
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United States geospatial analytics market is projected to grow rapidly during
the forecast period due to high application and adoption of latest technologies
like Internet of Things (IoT), cloud computing, artificial intelligence (AI), big
data, and business intelligence tools. In addition to this, presence of major
market players in the region like Alteryx, Inc., Trimble Navigation Ltd.,
DigitalGlobe, Harris Corporation, Google and others, is expected to further fuel
the growth of United States geospatial analytics market through 2025.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United States Geospatial Analytics Market By Component, By Deployment Mode, By Type, By Application, ByEnd User Industry, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States geospatial analytics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United states geospatial analytics market.