Maximize Market Research's latest report, " Global Geospatial Solutions Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Geospatial Solutions Market was valued at USD 224.10 Bn in 2019 and is expected to reach at USD 576.63 Bn by 2027 at a CAGR of 12.54% over forecast period 2020-2027.
Global Geospatial Solutions Market Overview
The report covers an in depth analysis of COVID 19 pandemic impact on Global Geospatial Solutions Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Geospatial denotes data that is associated with a particular location. This means that records in a dataset have location information tied to them such as geographic data in the form of coordinates, address, city or pin code. Geographic Information System (GIS) is a form of geospatial data. Geospatial technology consist of techniques used in visualisation, measurement and analysis of earth’s features and connected instruments and equipment. An increasing smart city initiatives in developing countries have resulted in the growing need for geospatial technologies for use in 3D urban mapping; monitoring and mapping natural resources. Growing adoption of IoT, Artificial Intelligence (AI) and big data analysis across the globe is expected to create lucrative opportunities for Global Geospatial Solutions Market over forecast period.
However, factors such as high acquisition costs and operational concerns such as lack of skilled human resource, limited presence of open standards and interoperability mechanisms are restraining the market growth over forecast period.
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Global Geospatial Solutions Market Major Market Players
• HERE Technologies (the Netherlands)
• Esri (US)
• Hexagon (Sweden)
• Atkins PLC (UK)
• Pitney Bowes (US)
• Topcon (Japan)
• DigitalGlobe Inc (Maxar Group) (US)
• General Electric (US)
• Harris Corporation (US)
• Google (US)
• Bentley (UK)
• Geospatial Corporation (US)
• Baidu (China)
• Telenav (US)
• TomTom International B.V. (the Netherlands)
• Apple (US)
• Oracle (US)
• Microsoft (US)
• Amazon (US)
• IBM (US)
• SAP
• China Geo-Engineering Corporation (CGC)
• RMSI
• Orbital Insights
• Trimble
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Geospatial Solutions Market by Types and Applications:
Global Geospatial Solutions Market by Technology
• Earth Observation
• Scanning
• Geospatial Analytics
• GNSS & Positioning
Global Geospatial Solutions Market by Solution
• Software
• Hardware
• Services
Global Geospatial Solutions Market by End-User
• Utility
• Business
• Transportation
• Defence & Intelligence
• Infrastructural Development
• Automotive
The report has covered the market size by country (regions) for the global Geospatial Solutions market. Segment by Application. The Geospatial Solutions Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Geospatial Solutions Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Geospatial Solutions Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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