Geospatial analytics market to see significant growth from IoT, AI: Page 2 of 2

August 08, 2019 //By Rich Pell
Geospatial analytics market to see significant growth from IoT, AI
A new study conducted by Grand View Research forecasts the global geospatial analytics market size to reach $134,479.7 million by 2025 - reflecting a compound annual growth rate (CAGR) of 15.0% from 2019 to 2025.
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"Increasing smart city initiatives have resulted in the growing need for innovative technologies for use in 3D urban mapping; monitoring and mapping natural resources, agriculture, and utilities; and disaster management," the report says. "In case of natural disasters, location-based analytics enables decision makers to take suitable actions. Moreover, major oil & gas companies across the globe are increasingly deploying geospatial analytics solutions to discover potential crude oil and natural gas deposits and to monitor their vast pipeline network."

The report also notes the increasing use of geospatial technologies in the automotive industry owing to growing safety concerns. Automotive manufacturers are addressing this by focusing on implementing technologies such as IoT and location-based services in vehicles to make driving safer and easier. The commercialization of upcoming autonomous vehicles also heavily relies on the integration of Geographic Information Science (GIS) and advanced geospatial technology.

For more, see " "Geospatial Analytics Market Size, Share & Trends Analysis Report By Component, By Type, By Application (Surveying, Medicine & Public Safety), By Region And Segment Forecasts, 2019 - 2025" ."

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