Product ID: SQSG45E2026
Report ID:
SQSG45E2026 |
Region:
Global |
Published Date: April, 2024
Pages:
274
|
Tables:
156 |
Figures:
78
Global Geospatial Analytics Market size was valued at USD 68.5 billion in 2019 and is poised to grow from USD 79.8 billion in 2023 to USD 273.6 billion by 2031, growing at a CAGR of 16.63% in the forecast period (2024-2031).
Currently, over 40% of the global geographic information system (GIS) market is made up of geospatial analytics. Over the past few years, the ability of artificial intelligence (AI) and machine learning (ML) to evaluate GIS data has significantly improved. Organizations can gain better insights by combining geographical data with artificial intelligence and machine learning. Artificial intelligence technology and various GIS processes, such as spatial data analysis algorithms, are combined to create AI GIS (artificial intelligence geographic information system). In recent years, the primary focus of geoscience research and applications has shifted to AI GIS. As a result, the market is being driven by an increase in the use of artificial intelligence and machine learning in GIS solutions. Geographic information system firms are providing both existing and new data to the telecommunications industry with the aid of technologically advanced 5G networks. The geospatial analysis provides physical information on cities and landscapes, as well as data on the climate, wildlife, and populace. Network designers and radio engineers now have access to comprehensive information about GIS parameters thanks to the 5G network data. Players in geospatial analytics are benefiting from technological developments in 5G communication technologies.
US Geospatial Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONGlobal Geospatial Analytics Market size was valued at USD 68.5 billion in 2019 and is poised to grow from USD 79.8 billion in 2023 to USD 273.6 billion by 2031, growing at a CAGR of 16.63% in the forecast period (2024-2031).
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Product ID: SQSG45E2026