NEW YORK, Dec. 5, 2023 /PRNewswire/ — The global geospatial analytics market size is estimated to grow by USD 102.97 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 17.72% during the forecast period. North America is estimated to account for 39% of the global market growth during the forecast period. It is a desirable market for GIS products because it was a pioneer in implementing cutting-edge technologies across industries. The industrial sector is technologically advanced and developed throughout the region. As the industry is more developed, there are more success stories. This eventually causes technology adoption to accelerate. Additionally, the top vendors in the market have a strong presence, and penetration in the North American region also contributes to the market growth during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report
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Geospatial Analytics Market – Segmentation Assessment
Segment Overview
This geospatial analytics market report extensively covers market segmentation by technology (GPS, GIS, remote sensing, and others), end-user (BFSI, government and utilities, telecom, manufacturing and automotive, retail, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021), and forecast market size (2023 to 2027) – Download a Sample Report
Geospatial Analytics Market – Market Dynamics
Key factor driving market growth
Leading trends influencing the market
Major challenges hindering the market growth
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!
What are the key data covered in this Geospatial Analytics Market report?
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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