Global Geospatial Solutions Market to reach a market size of $549.1 billion by 2025- KBV Research

The Earth observation segment is expected to retain the biggest market share by 2025. Earth observation satellites are observing the planet for modifications in everything from temperature to forest to coverage of ice sheets. This is feasible through satellite imagery, Light Detection and Ranging (LiDAR) and other associated techniques. With the growth of these systems, this particular market segment is also anticipated to develop. The Scanning market is expected to witness CAGR of 16.4% during (2019-2025). The Geospatial Analytics market is expected to witness highest CAGR of 17.3% during (2019-2025).

The Surveying & Mapping market dominated the Global Geospatial Solutions Market by Application 2018, growing at a CAGR of 14.4 % during the forecast period. The Geovisualization market is expected to witness a CAGR of 15.3% during (2019-2025). Additionally, the Planning & Analysis market is expected to witness highest CAGR of 16.3% during (2019-2025).

The Utility market dominated the Global Geospatial Solutions Market by End User 2018, growing at a CAGR of 14.4 % during the forecast period. The Defense & Intelligence market is expected to witness a CAGR of 14.5% during (2019-2025). The Infrastructural Development market is expected to witness a CAGR of 17.6% during (2019-2025). Additionally, The Transportation market is expected to witness highest CAGR of 17.9% during (2019-2025).

Full Report: https://www.kbvresearch.com/geospatial-solutions-market/

The North America market dominated the Global Geospatial Solutions Market by Region 2018growing at a CAGR of 14.3 % during the forecast period. The Europe market is expected to witness a CAGR of 14.7% during (2019-2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 17.8% during (2019-2025).

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Recent Strategies Deployed in Geospatial Solutions Market

» Product Launches:

Jun-2019: Esri launched new imagery exploitation tool, ArcGIS Excalibur in order to make streamline search, discovery and image analysis for Esri ArcGIS enterprise customers.

May-2019: AWS introduced AWS Ground Station, a new service to move the data to other regions using machine learning; this will be used for weather forecasting, communications and surface imaging.

Nov-2018: AWS launched SkyWatch for providing digital infrastructure for Earth Observation data distribution.

Jul-2018: DigitalGlobe, a Maxar company launched EarthWatch, a cloud-based subscription in order to view, stream and download the geospatial data of the company which helps the customers in meeting their challenges.

Jul-2018: Esri released ArcGIS Indoors in order to combine the information navigation, scheduling, and analytic capabilities for helping the businesses in understanding the coordinate space with the help of real-time processing, and location intelligence tools.

May-2018: Esri introduced Sentinel-2 Image Services and Earth observation satellite in order to deliver multi-spectral imagery for any location.

Nov-2017: Microsoft introduced Azure Location Based Services in order to fulfill the geospatial needs of industries.

May-2017: Pitney launched SendSuite Tracking Online (SSTO) which has greater location functionality.

» Acquisition and Mergers:

Oct-2016: DigitalGlobe acquired The Radiant Group for the expansion of its geospatial business solutions.

Sep-2015: Apple acquired Mapsense in order to strengthen its geo-data visualization business.

May-2015: Apple took over Coherent Navigation for improving its mapping capabilities.

» Partnerships, Collaborations and Agreements:

Sep-2019: TomTom collaborated with Microsoft in order to address the automakers precise and reliable navigation.

Sep-2019: TomTom teamed up with HELLA Aglaia in order to provide the access of AutoStream to HELLA for generating map updates called Roadagrams.

Aug-2019: Esri collaborated with Group on Earth Observations (GEO) for making Earth Observation data accessible to anyone.

Aug-2019: Esri came into partnership with Jane Goodall Institute for developing mapping tools.

Apr-2019: Pitney collaborated with Accenture for allowing Accenture Applied Intelligence to apply Pitney Bowes’ data assets for the development of new intelligent solutions; Pitney data assets comprises of location intelligence and geospatial capabilities.

Mar-2019: Microsoft came into partnership with XYO in which XYO’s geospatial blockchain apps and services, once deployed, will be delivered in Microsoft Azure’s Marketplace for helping the developers to build and deploy their own geospatial blockchain applications.

Feb-2019: Microsoft extended its partnership with TomTom in order to increase its mapping scenarios and secured location APIs for offering geospatial context to data.

Sep-2018: TomTom signed partnership agreement with STMicroelectronics in order to offer geolocation tools and services for tracking and mapping data services, location, and accelerating product development.

Sep-2018: Esri signed partnership agreement with ONDA in order to help ONDA in unlocking potential of geospatial imagery.

Jul-2018: IBM collaborated with Telit in order to integrate Telit's deviceWISE IoT platform with IBM IoT platform for bringing powerful Artificial Intelligence (AI)-based capabilities.

Jun-2018: TomTom collaborated with what3words in order to complement its geolocation tools and services for providing better solutions to the customers.

Apr-2018: Microsoft collaborated with Esri in order to launch GeoAI Data Science Virtual Machine (DSVM) as a part of Data Science Virtual Machine/Deep Learning Virtual Machine family in order to help in creating intelligent applications with the help of geospatial analytics.

Apr-2017: Pitney teamed up with Scalable Systems in which Scalable Systems will use demographic and geospatial data sets of the company for increasing the healthcare members’ experience with their insurance companies

Feb-2017: DigitalGlobe signed partnership agreement with Esri and Harris for providing the access of its high-resolution satellite imagery and the analytical and deep learning tools to Esri users in order to power the geospatial big data analytics.

Feb-2016: Pitney came into partnership with Cloudera in order to deploy geospatial processing and data quality solutions to end users on top of Cloudera Enterprise for enrichment of big data investments.

Dec-2016: DigitalGlobe partnered with BAE Systems’ Geospatial eXploitation Products™ (GXP®) group which enables the GXP platform users to access DigitalGlobe’s high-resolution, high-accuracy commercial satellite imagery for discovering and publishing the geospatial intelligence products.

Dec-2016: TomTom teamed up with Pitney Bowes in order to work together for location-based intelligence portfolio.

Oct-2016: IBM and Esri collaborated for providing the access of Esri's maps, data, geospatial tools, and analytical services to IBM users.

Oct-2016: Pitney signed an agreement with IBM for providing location-based insights to supplement the geospatial capabilities of the IBM Cognos Analytics and IBM Watson Analytics platforms.

Aug-2016: IBM signed an agreement with Mapbox for providing access of geospatial analysis and mapping to users.

Jul-2016: TomTom announced the collaboration with Sensewhere for conquering GPS black spots and bringing location-based services indoors.

Jun-2015: DigitalGlobe teamed up with NGA in order to launch open source software toolkit for using the power of crowdsourced mapping for Geospatial Big Data Analytics.

May-2015: DigitalGlobe signed an agreement with Saab Group in order to form a Joint Venture company named after Vricon, Inc., in order to produce 3D products and digital elevation models for government and enterprise geospatial markets.

» Expansions:

Aug-2018: Oracle opened a new innovation lab, a unique facility for helping the projects related to visualization, augmented reality, and artificial intelligence tools.

Apr-2018: Oracle extended its Oracle Cloud Services by adding new features to it; these features comprises of routing and geocoding.

Sep-2017: Pitney extended its data and software solutions for the better understanding of context to location.

May-2016: Apple expanded its reach to India by opening a new office in Hyderabad in order to enhance its analytics business.

Global Geospatial Solutions Market Segmentation

By Solution Type

Software

Hardware

Services

By Application

Surveying & Mapping

Geovisualization

Planning & Analysis

Asset Management

Others

By Technology

Earth Observation

Gnss & Positioning

Geospatial Analytics

Scanning

By End User

Utility

Defense & Intelligence

Infrastructural Development

Transportation

Business

Natural Resource

Others

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

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)

L3Harris Technologies, Inc.

Geospatial Solutions Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market