DUBLIN--(BUSINESS WIRE)--Aug 30, 2018--The “Geospatial Analytics - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Geospatial Analytics Market is expected to grow from $38.65 billion in 2017 to reach $174.65 billion by 2027 with a CAGR of 18.2%.
The need for reducing operational and logistic costs by organizations, technology advancement in artificial intelligence (AI) and commoditization of geospatial information are some of the key factors driving the market growth. However, high cost for implementation and official issues & policies are restraining the market.
Climate change adaptation is a response to global warming and climate change, that seeks to diminish the susceptibility of social and biological systems to comparatively sudden change and thus offset the effects of global warming. This growth can be attributed the increasing awareness about climate change among organizations such as environment related organizations.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The growth is due to rising acceptance and usage of geospatial analytics in high expansion industrial sectors. Infrastructure and smart city developments are also chief factors which are driving the market growth in this region.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porter’s Five Forces Analysis
5 Global Geospatial Analytics Market, By Technology
6 Global Geospatial Analytics Market, By Application
7 Global Geospatial Analytics Market, By Type
8 Global Geospatial Analytics Market, By End-User
9 Global Geospatial Analytics Market, By Geography
10 Key Developments
11 Company ProfilingHarris Corporation General Electric Hexagon AB Trimble Navigation Ltd. Fugro N.V. RMSI Bentley Systems Inc. Digitalglobe Inc. ESRI Atkins Critigen Nokia TomTom WS Atkins plc Macdonald, Dettwiler & Associates Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/5rhfcq/geospatial?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005451/en/
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Related Topics:Global Positioning Systems Software,Data Analytics
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SOURCE: Research and Markets
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PUB: 08/30/2018 08:38 AM/DISC: 08/30/2018 08:38 AM