logo
logo
Sign in

Geospatial Analytics Market

avatar
vikram pathari
Geospatial Analytics Market

Market Dynamics:

Advancement in AI, ML and technological advancement is a major driving factor for the geospatial analytics market. Artificial intelligence and machine learning developments are assisting in improving corporate efficiency. For companies and governments to obtain reliable data insights, the integration of artificial intelligence and machine learning is becoming increasingly important. Nearly 80% of consumer datasets are georeferenced, and GeoAI's area of application has expanded dramatically as its usage in agriculture, transportation, climate forecasting, and the military has grown. For instance, Cray announced enhanced capabilities in June 2019 to empower data scientists and engineers innovating in the Geospatial AI sector. AI and ML save considerable time and energy by performing numerous tasks, such as classification of images, object detection, semantic segmentation, and segmentation of instances. Demand for geospatial analytics is projected to increase considerably as suppliers of geospatial analytics solutions progressively offer clients AI- and ML-based software solutions. However, increasing individual concerns related to confidential data and geoprivacy is expected to restrict geospatial analytics's growth in the upcoming years. Individuals who are worried about the privacy of their location-based data might refuse to allow crucial location data to be collected, which is required by some geospatial analytics apps.


Download free sample: https://www.datamintelligence.com/download-sample/geospatial-analytics-market


Covid 19 Analysis:

Manufacturing, logistics, transportation, retail, education, mining, telecom, oil & gas, and utility businesses have all suffered as a result of the lockdown. In the healthcare industry, however, the use of geospatial analytics to combat COVID-19 is on the rise. Healthcare experts, government decision-makers, and ground-level organizations have partnered to collect real-time data on COVID-infected patients and disseminate geographic information about the COVID-19 prone area in order to raise public awareness and slow the virus's spread. The Tunisian Ministry of Public Health, for example, created a georeferenced database of hospital bed capacity in June 2020. High-density locations with the highest demand for COVID-19 vaccinations are identified using geospatial analytics. Geospatial analytics improves supply chains by analyzing real-time data and enabling tracking and visualization.


Market Segmentation:

– By Type

·      Surface and Field Analytics

·      Geovisualization

·      Network Analysis

·      Artificial Neural Networks (ANN)

·      Others

– By Technology

·      Remote Sensing

·      GPS

·      GIS

·      Others


Competitive Landscape:

The global Geospatial Analytics market is consolidated, with the top 5 companies accounting for over 50% of global sales. Hexagon AB, ESRI Inc., L3 Harris Technologies, Atkins PLC, and General Electric dominate the global Geospatial Analytics market. These companies have used various strategies such as expansions, new product launches, agreements, partnerships, joint ventures, acquisitions, and others to increase their footprints in this market.

In 2020, Hexagon AB acquired PAS global. Customers will gain access to a comprehensive software portfolio to manage the industrial lifecycle, from plant design and maintenance to real-time situation awareness in the control room, cybersecurity risk management, and industrial digital transformation, thanks to the combination of PAS and Hexagon.

In September 2020, ESRI Inc Acquired frames, which would help it enhance its 3D capabilities. This will allow frames and Esri users to gather and analyze 3D data from the aerial, drone, and ground-based sensors in a fully automated end-to-end procedure.

In 2018, SPRING Technologies, a software supplier specializing in integrated solutions for optimizing machining workflows through machine tool simulation, toolpath verification and optimization, and machine tool management, has been acquired by Hexagon AB.


View Full Report: https://www.datamintelligence.com/research-report/geospatial-analytics-market

Enquiry Before Buying: https://www.datamintelligence.com/enquiry/geospatial-analytics-market


About Us

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

 

For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com

 

 

collect
0
avatar
vikram pathari
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more