Report Description

Forecast Period

2023-2028

Market Size (2022)

USD 18.87 Billion

CAGR (2023-2028)

12.45%

Market Size (2028)

USD 38.46 Billion

Fastest Growing Segment

Cloud

Largest Market

South


United States Geospatial Analytics Market is anticipated to grow at a high CAGR in the forecast period 2024-2028. The emergence of modern geospatial cloud, rapid advancement, and innovation in drone/UAV technology along with increasing penetration and adoption of Internet of things (IoT) coupled with rising demand for big data and Artificial Intelligence has enabled the Geospatial information system (GIS) solution. Additionally, the integration of information systems with a hybrid cloud computing environment for surveying and collecting high quality real-time data has anticipated the growth in the region. Moreover, users are looking for remote access at reasonable costs, which maintains their privacy, therefore increase in demand for GIS software in smart cities development and urban planning. These factors are driving the United States geospatial analytics market for the forecast period. Additionally, the growing usage of GIS applications for defense and intelligence, government, urban planning, environmental, and life science is likely to boost the demand for geospatial based analytical tools across the country. The supporting initiatives and growing investment in the region are driving businesses to expand, to meet rising client demand. However, lack of awareness about the potential capabilities of the geospatial analytics solution may hamper the market's growth.

Geospatial analysis refers to a broad range of activities, emphasizes on applying various techniques to data and comprising of geospatial or space related characteristics. The Geographic Information System (GIS) collects geographic data, manages it for analysis, and then displays the refined geographic information for consumers to access. It has successfully integrated hardware, software, and data. It aids consumers in making decisions by making it simple and quick for them to absorb the facts. Cost saving with increased organizational effectiveness, improved decision-making, communication, and recordkeeping, and better control of geographic factors are all advantages.

The market is witnessing growth due to the constantly increasing demand for capturing real-time geographical data from all sectors. Additionally, the increasing emphasis on digital adoption by the government and awareness of key benefits like increased convenience and cost-saving by adopting software for numerous organizations would further lead to significant growth in the adoption of geospatial analysis across the country. The top service providers offer a location intelligence solution that can drive innovation across the business by supporting faster innovation, providing superior customer experiences, and enabling better business decisions with built-in analytics and a holistic view of the entire business. Along with geospatial, the top companies are providing services, with major applications in Climate Change Adaption (CCA) and Disaster Risk Reduction and Management (DRRM). Hence, complying with the demands of business and senior management, United States Geospatial Analytics Market is the most prospective industry for the future of the country, considering the scope of dynamism and continuously updating technology.

Adoption of IoT and Sensors Technologies is Driving the Market in the Forecast Period

The massive adoption of Internet of Things (IoT) and smart sensors technologies in the business are enabled the growth of many products and services. Geospatial analytics solutions integrated with IoT, and sensors is one of the concepts that most of the industries are adopting as its aids in assessing the risk, and monitoring the remote assets, etc. Complex data could not be managed by traditional GIS, which could only consider static, organised information. Get over this problem, modern GIS relies on the availability of on-demand spatiotemporal data observations and data. These integrated technologies and geographic data services aids in enabling the collection of high-velocity data. Moreover, spatial IoT provides unique location and time information along with other data about items monitored business applications becoming more prevalent choice for branch offices and other facilities. Furthermore, the geospatial service provider with the adoption of IoT are simplifying the complex relationship through visualization and enhancing the predictive analytics offering the enriched customer’s experience in the virtual and physical world. Therefore, Geospatial data analytics services are driving the United States Geospatial Analytics Market.

Increase in Demand for GIS Software in Smart Cities Development and Urban Planning

Real-time awareness sharing is essential for data-driven smart cities. Provide immediate helpful insights, the data is reviewed by a corporate GIS and shown on a map utilising data acquired from hundreds of IoT sensors. These data may be used to track the delivery of municipal services and to spot potential areas for local council service improvement. Local governments have also used location-based Internet of Things (IoT) data analysis to improve parks, increase safety, and foster innovation. As projects for smart cities are established, GIS technologies are employed to provide a universal location-enabled platform for use case research in smart city contexts. These include automated natural hazard monitoring with online GIS and SMS warnings, urban planning, intelligent transportation systems, disaster management SDI, and climate monitoring. The administration of construction projects and project operations, as well as site selection and land acquisition, planning, designing, and visualisation, are all made easier using GIS software in smart cities. Urban planning experts use GIS for analysis, modelling, and visualisations. Processing geospatial data via satellite imaging, aerial photography, and remote sensors provides users with a full perspective of the land and infrastructure. Throughout the projected period, the advantages of GIS drive the market's rise for geospatial analytics.

Growing Demand of GIS in Defence and Intelligence is Pushing the Market Growth

Historically, the defence and intelligence end-user’s verticals has been one of the forerunners, in terms of geospatial analytics adoption for gathering actionable intelligence from massive amount of imagery and other information. Geospatial intelligence represents the complete integration of a nation’s imagery and geospatial capabilities in support of defence and intelligence needs, helping in military bases facilitates maintenance, reducing base operation and maintenance costs, and improve mission effectiveness. Moreover, armed forces are utilizing GIS in a plenty of applications that consist of cartography, remote sensing, intelligence, terrain analysis, battlefield management, and observing potential terrorist activities to resolve conflicts, protect troops, assess risks, and gain information about enemy operations directly. This the demand in the sector is rapidly growing and anticipating the growth of United States Geospatial Analytics Market in the forecast period.