Geospatial analytics helps in display, gathering and management of imagery along with satellite photography, GPS and collection of historical data that is inscribed in a geographic arena in terms of postal code and street address. The global geospatial analytics market is expected to grow at a significant rate during the forecast period. Technological advancements and advent of latest technologies such as IoT (Internet of Things), big data and artificial intelligence along with exaggerating requirement of this system among various business enterprises in developed as well as developing economies is expected to accentuate the growth of geospatial analytics market considerably across the globe.
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Globally, industry players are leveraging market growth through new product development, mergers & acquisitions, partnerships, increased investments and technological upgradation that is bolstering the growth of the geospatial analytics market across the globe.
Geographically, geospatial analytics market in North America generated the largest revenue in 2017, globally and is further anticipated to witness considerable growth during the forecast period.
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The growth of the market in this region is attributed towards technological advancement and increasing adoption of innovative technologies such as big data, cloud computing, artificial intelligence, Internet of Things (IoT), business intelligence tools and Artificial Intelligence (AI). Moreover, extensive security measures across several border areas are further anticipated to accentuate the growth of geospatial analytics market in North America.
The geospatial analytics market is fragmented and the key players operating in the market include DigitalGlobe, Alteryx, Fugro N.V., RMSI, Hexagon, SAP, Maxar Technologies, Trimble Navigation, MapLarge, Bentley Systems, Harris Corporation, ESRI, Pitney Bowes, General Electric Company, Oracle and Google.
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