Geospatial Analytics Market Leading Players And Forecast Till 2026

1. Downloaded from: justpaste.it/1t427 Geospatial Analytics Market Leading Players And Forecast Till 2026 — MarketsandMarkets™ Geospatial Analytics Market According to a research report “Geospatial Analytics Market by Component, Solution (Geocoding and Reverse Geocoding and Thematic Mapping and Spatial Analytics), Service, Type, Technology, Deployment Mode, Organization Size, Application, Vertical, and Region — Global Forecast to 2026” published by MarketsandMarkets, The geospatial analytics market size is projected to grow from USD 59.5 billion in 2021 to USD 107.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. The major factors driving the growth of the geospatial analytics market include the increasing number of AI and ML based GIS solutions, development of smart cities and urbanization, advancement of big data analytics, and increased deployment of IoT sensors across locations. Based on solutions, Geocoding and Reverse Geocoding to lead the market during the forecast period The geocoding and reverse geocoding solution segment is estimated to lead the geospatial analytics market during the forecast period. The geocoding and reverse geocoding solution helps businesses across verticals map coverage, acquire new customers, and identify competitors to determine prime target areas for promotional activities. The growing need to perform risk assessments using exact location information for making accurate analysis during natural calamities, such as earthquakes and floods, is driving the adoption of the geocoding and reverse geocoding solution in the geospatial analytics market. Based on vertical, automotive segment to grow at the highest CAGR during the forecast period Automotive players can use geospatial data to estimate the local demand for automotive vehicles. By mapping the distribution of existing and prospective customers, automotive companies can efficiently market and deliver automotive vehicles. The need to analyze the local demand for automotive vehicles is driving the demand for geospatial analytics in the automotive vertical. North America to hold the highest market size during the forecast period North America is one of the most prominent regions in the geospatial analytics market. The demand for real-time information and location-based services is expected to increase in the coming years, owing to the increase in the adoption of mobile GIS technologies that will have a positive impact on the geospatial analytics market in this region. In addition, the presence of

2. leading companies such as Trimble (US), L3Harris (US), Bentley Systems (US), ESRI (US), and Maxar Technologies (US) in this region is expected to propel the growth of the geospatial analytics market in this region. ESRI (US) and Oracle (US) are leading players in Geospatial Analytics Market ESRI (US) is one of the leading vendors in the geospatial analytics market. The company offers a wide range of solutions for geospatial analytics that includes such as GIS and mapping products, geo-enabled products, and location analytics products. The company focuses on the adoption of both the organic and inorganic growth strategies to enhance its position in the geospatial analytics market. For instance, in July 2020, Esri announced new additions to the ArcGIS platform at a virtual user conference. As part of the June 2020 ArcGIS online update, Esri added a new deployment option to ArcGIS Indoors and Space Planner (a new app template), and a number of other enhancements for ArcGIS Indoors mobile and ArcGIS Indoors in ArcGIS Pro. In April 2021, ESRI extended its partnership with SAP by announcing the certification and support for SAP’s database-as-a-service offering and key component of SAP Business Technology Platform, SAP HANA Cloud. With this capability, ESRI and SAP are accelerating customer adoption of cloud-based location intelligence platforms with a high-performance environment that scales to the largest enterprises. Oracle (US) is another geospatial analytics solution and services provider across the globe. Oracle offers a wide range of solutions for geospatial analytics, which include the Oracle spatial and graph, Oracle analytics cloud, and Oracle Business Intelligence Enterprise Edition (OBIEE). The company majorly focuses on the organic growth strategies to improve its place in the geospatial analytics market. For instance, in December 2019, Oracle announced that the machine learning, and spatial and graph features of Oracle Database could be used for development and deployment purposes with all on-premises editions and Oracle Cloud Database Services. This enhances the benefits of Oracle’s multi-model converged architecture by supporting multiple data types, data models, algorithms, and workload types within a single database. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model — GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators,

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