Geospatial Solutions Market Report 2024 (Global Edition)

Global Geospatial Solutions Market Report 2024 Market Size Split by Solution Type (Hardware, Software, Services), by Application (Surveying Navigation & Mapping, Geovisualization, Asset Management, Pl...

Geospatial Solutions Market Report Description

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Competitive Landscape of the Geospatial Solutions Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Geospatial Solutions Industry News

In September 2022 The 3D City Digital Twin Solution for Urban India has been launched by Genesys International, a leader in cutting-edge mapping and geospatial content services, and Bentley Systems, Inc., a developer of infrastructure engineering software.

Top Companies Market Share in Geospatial Solutions Industry: (In no particular order of Rank)

• Becton Dickinson and Company
• Agilent Technologies Inc.
• Merck & Co. Inc.
• Waters Corporation
• Abbott Laboratories
• Johnson & Johnson
• Promega Corporation
• Sino Biological Inc.
• Siemens Healthineers
• Roche Holding AG
• Bio-Rad Laboratories
• Thermo Fisher Scientific Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Geospatial Solutions Market

Which Region Dominates the Geospatial Solutions Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The geospatial solutions market in North America is expanding rapidly due to rising demand from various industries, including transportation, agriculture, defense, and urban planning. Increased investments in infrastructure development, government efforts, and technological developments drive this rise. North America plays a significant role in the global economy and prioritizes innovation and geospatial technology.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase in the sales of reagents. The market for geospatial solutions in Europe is expanding significantly due to increased demand from agriculture, urban development, and environmental management sectors. Government programs encouraging digital transformation, funding for smart city efforts, and developments in geospatial technology are some of the factors propelling this growth. With an emphasis on innovation and sustainability, Europe is becoming a major force in the worldwide market for geospatial solutions.

The current report Scope analyzes Geospatial Solutions Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Geospatial Solutions

According to Cognitive Market Research, the global Geospatial Solutions market size was estimated at USD 508421.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 203368.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.7% from 2024 to 2031. The geospatial solutions market in North America is expanding significantly due to rising demand from a variety of sectors and technological advances. The area is a major player in the worldwide industry thanks to its strong emphasis on innovation and excellent infrastructure. The surveying, navigation, and mapping industry is one area fueling this expansion. It gains from the use of accurate location technologies in sectors such as urban planning, transportation, and construction. All things considered, North America is positioned for sustained development and prominence in the geospatial industry due to its leadership in technology innovation and the growing uses of geospatial solutions across sectors.

• According to Cognitive Market Research, the US had a major share in the Geospatial Solutions market with a market size of USD 160457.73 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. The demand is amplified by the nation's dynamic scientific landscape. 
• The Canada Geospatial Solutions market had a market share of USD 24404.22 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. Canada's rising space activities.
• The Mexico Geospatial Solutions market is projected to witness growth at a CAGR of 15.2% during the forecast period with a market size of USD 18506.53 million in 2024.

Europe Geospatial Solutions

According to Cognitive Market Research, with a market value of USD 508421.2million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 152526.36 million. The geospatial solutions market in Europe is expanding significantly due to investments in smart city projects and government programs that support digital transformation. The region's emphasis on innovation and sustainability promotes growth in a number of businesses. The desire for user-friendly tools to analyze and show spatial data in industries like urban planning, environmental monitoring, and disaster management is driving the growth of the geovisualization market in particular. Europe is positioned to experience steady expansion and rise to prominence in the global geospatial solutions market because to its cutting-edge technology infrastructure and dedication to innovation.

• The United Kingdom Geospatial Solutions market had a market share of USD 25624.43 million in 2024 and is projected to grow at a CAGR of 15.8% during the forecast period. In the UK, Geospatial Solutions sales witness an upswing due to the private sector adoption. 
• The France Geospatial Solutions market is projected to witness growth at a CAGR of 14.2% during the forecast period with a market size of USD 14032.43 million in 2024.
• According to Cognitive Market Research, the Germany Geospatial Solutions market size was valued at USD 30200.22 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. In Germany, Geospatial Solutions sales surge due to the nation's technology. 
• The Italy Geospatial Solutions market is projected to witness growth at a CAGR of 14.4% during the forecast period with a market size of USD 13117.27 million in 2024.
• The Russia Geospatial Solutions market is projected to witness growth at a CAGR of 14.0% during the forecast period with a market size of USD 23641.59 million in 2024.
• The Spain Geospatial Solutions market is projected to witness growth at a CAGR of 14.1% during the forecast period with a market size of USD 12507.16million in 2024.
• The Luxembourg Geospatial Solutions market is projected to witness growth at a CAGR of 15.1% during the forecast period with a market size of USD 4728.32 million in 2024.
• The Portugal Geospatial Solutions market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 3203.05 million in 2024.
• The Greece Geospatial Solutions market is projected to witness growth at a CAGR of 15.3% during the forecast period with a market size of USD 1830.32 million in 2024.
• Rest of Europe Geospatial Solutions market is projected to witness growth at a CAGR of 13.7% during the forecast period with a market size of USD 23641.59 million in 2024.

Asia Pacific Geospatial Solutions

According to Cognitive Market Research, the global Geospatial Solutions market size was estimated at USD 508421.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 116936.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.5% from 2024 to 2031. The market for geospatial solutions in Asia Pacific is expanding quickly due to reasons such growing urbanization, developing infrastructure, and rising use of digital technology. Because of the region's varied terrain, there are a lot of potential to use geospatial solutions in many industries. Geospatial analytics is one market area that is experiencing rapid growth because to the increasing need for sophisticated analytics and visualization tools to handle challenging spatial problems in sectors such as transportation, natural resource management, and agriculture. Asia Pacific, with its rapidly developing economy and emphasis on technology innovation, is well-positioned to become a major force in the global geospatial solutions market, fostering innovation and tackling urgent environmental and societal concerns.

• According to Cognitive Market Research, the China Geospatial Solutions market size was valued at USD 52621.59 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. Geospatial Solutions sales surge in China due to the government support.
• The Japan Geospatial Solutions market is projected to witness growth at a CAGR of 17.0% during the forecast period with a market size of USD 16137.29 million in 2024.
• The India Geospatial Solutions market had a market share of USD 14032.43 million in 2024 and is projected to grow at a CAGR of 20.3% during the forecast period. The demand is augmented by India's increasing focus on economic growth.
• The South Korea Geospatial Solutions market is projected to witness growth at a CAGR of 17.6% during the forecast period with a market size of USD 11693.69 million in 2024.
• The Australia Geospatial Solutions market is projected to witness growth at a CAGR of 18.2% during the forecast period with a market size of USD 6080.72 million in 2024.
• The South East Asia Geospatial Solutions market is projected to witness growth at a CAGR of 19.5% during the forecast period with a market size of USD 8068.64 million in 2024.
• The Rest of Asia Pacific Geospatial Solutions market is projected to witness growth at a CAGR of 18.3% during the forecast period with a market size of USD 8302.52 million in 2024.

South America Geospatial Solutions

According to Cognitive Market Research, the global Geospatial Solutions market size was estimated at USD 508421.2Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 24421.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031. The demand for natural resource management, infrastructure development, and rising urbanization are all driving growth in Latin America's geospatial solutions industry. The region is a fertile field for the application of geospatial technologies because of its numerous industries and varied environment. The agricultural industry is one area that is expanding noticeably. Precision farming methods backed by geographic data are optimizing crop yields and resource utilization. Latin America offers significant prospects for innovation and market expansion in the geospatial solutions space, supporting sustainable development and economic progress throughout the region as governments and businesses increasingly recognize the value of location-based insights.

• According to Cognitive Market Research, the Brazil Geospatial Solutions market size was valued at USD 10880.21 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. Geospatial Solutions sales flourish in Brazil due to the nation's industry collaboration.
• The Argentina Geospatial Solutions market had a market share of USD 4270.74million in 2024 and is projected to grow at a CAGR of 16.8% during the forecast period. The demand is augmented by Argentina's commitment to sustainable farming practices.
• The Colombia Geospatial Solutions market is projected to witness growth at a CAGR of 15.7% during the forecast period with a market size of USD 4270.74 million in 2024.
• The Peru Geospatial Solutions market is projected to witness growth at a CAGR of 16.1% during the forecast period with a market size of USD 2084.53 million in 2024.
• The Chile Geospatial Solutions market is projected to witness growth at a CAGR of 16.2% during the forecast period with a market size of USD 1830.32 million in 2024.
• The Rest of Latin America Geospatial Solutions market is projected to witness growth at a CAGR of 15.0% during the forecast period with a market size of USD 4092.79 million in 2024.

Middle East and Africa Geospatial Solutions Market

According to Cognitive Market Research, the global Geospatial Solutions market size was estimated at USD 508421.2Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 10168.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031. The geospatial solutions market in the Middle East and Africa is expanding quickly due to reasons such infrastructure development, urbanization, and natural resource management. The region's particular problems, like as urbanization, water scarcity, and security issues, highlight the significance of geospatial technologies. The energy sector is one area that is expanding significantly, and in exploration, production, and asset management, geospatial solutions are essential. The Middle East and Africa offer a wealth of opportunities for market expansion and innovation in the geospatial solutions domain, supporting sustainable development and economic growth throughout the region, as governments and industries increasingly use geospatial data for informed decision-making.

• According to Cognitive Market Research, the GCC Countries Geospatial Solutions market size was valued at USD 4352.09 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. Geospatial Solutions sales flourish in the GCC Countries due to the region's strategic investments in smart city initiatives.
• The Egypt Geospatial Solutions market is projected to witness growth at a CAGR of 16.5% during the forecast period with a market size of USD 1067.68 million in 2024.
• The South Africa Geospatial Solutions market is projected to witness growth at a CAGR of 17.2 % during the forecast period with a market size of USD 1606.61 million in 2024. Geospatial Solutions sales flourish in the South Africa due to the region's strategic investments in smart city initiatives.
• The Turkey Geospatial Solutions market is projected to witness growth at a CAGR of 15.7% during the forecast period with a market size of USD 874.48 million in 2024.
• The Nigeria Geospatial Solutions market is projected to witness growth at a CAGR of 15.3% during the forecast period with a market size of USD 1067.68 million in 2024.
• The Rest of MEA Geospatial Solutions market is projected to witness growth at a CAGR of 15.2% during the forecast period with a market size of USD 1199.87 million in 2024.

Geospatial Solutions Market Analysis

Geospatial Solutions Market Solution Type Segment Analysis

According to Cognitive Market Research, Hardware held the major market share over the forecast period. The geospatial solutions market's hardware segment is expanding significantly due to technological developments and rising consumer demand for gadgets like satellite systems, GPS receivers, drones, and LiDAR sensors. These hardware elements are essential to data collecting because they allow for more precise and effective geographical analysis in several industries, such as environmental monitoring, infrastructure management, construction, and agriculture.

Software is the fastest-growing category over the forecast period. The market for geospatial solutions is increasing quickly, and part of the reason for this is the increased demand for sophisticated mapping, analytics, and visualization tools. Businesses invest in GIS software, remote sensing platforms, and spatial data management systems to improve decision-making processes in various industries, including urban planning, logistics, natural resource management, and emergency response. Innovation in technology and the growing significance of location-based insights are driving this increase.

• Hardware
• Software
• Services

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Geospatial Solutions Industry. Request a Free Sample PDF!

Geospatial Solutions Market Application Segment Analysis

According to Cognitive Market Research, Surveying Navigation & Mapping holds a prominent market share. The geospatial solutions market's Surveying, Navigation, & Mapping segment is expanding significantly due to technological developments like GPS, LiDAR, and satellite imaging. These are essential technologies for precise data gathering, mapping, and navigation in transportation, urban planning, construction, and natural resource management. This market sector is growing due to the need for accurate spatial information.

Geovisualization is the fastest-growing category over the forecast period. The demand for user-friendly and interactive tools for analyzing and presenting geographical data has resulted in the growth of the visualization market within the geospatial solutions industry. Due to the growing volume and complexity of geospatial information, businesses and organizations invest in visualization platforms to improve decision-making in various industries, including urban planning, marketing, environmental monitoring, and disaster management. The development of user-friendly interfaces and data visualization tools is driving this expansion.

• Surveying Navigation & Mapping
• Geovisualization
• Asset Management
• Planning & Analysis
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Geospatial Solutions Technology Segment Analysis

According to Cognitive Market Research, Geospatial Analytics held the major market share over the forecast period. Thanks to data science and technology developments, the geospatial analytics market is booming in the geospatial solutions industry. Using spatial data and algorithms, geospatial analytics facilitates decision-making across various industries, including insurance, logistics, agriculture, and urban planning, for governments and enterprises. This market expansion is driven by the increasing availability of high-quality spatial data and the increasing acceptance of machine-learning techniques.

GNSS & Positioning is the fastest-growing category over the forecast period. The geospatial solutions market is growing thanks to the GNSS (Global Navigation Satellite Systems) & Positioning industry. Precise positioning technology is becoming increasingly necessary in various sectors, including emergency response, telecommunications, transportation, and agriculture, due to the growing applications in mapping, surveying, navigation, and location-based services. The integration of augmentation systems and ongoing improvements in GNSS technology are driving market expansion.

• Geospatial Analytics
• GNSS & Positioning
• Scanning
• Earth Observation

Geospatial Solutions End User Segment Analysis

According to Cognitive Market Research, Defense and Intelligence held the major market share over the forecast period. The geospatial solutions market is expanding thanks largely to the Defense and Intelligence industry. Defense and intelligence services rely on geospatial technologies for mission planning, monitoring, and surveillance due to the growing threat landscape and the imperative for situational awareness. The industry is experiencing market expansion due to the increasing importance of advanced geospatial analytics, satellite imaging, and GIS platforms in augmenting operational capabilities and bolstering national security endeavors.

Transportation and Logistics is the fastest-growing category over the forecast period. The market for geospatial solutions is expanding due to the Transportation and Logistics industry's growing need for location-based insights to improve asset tracking, route planning, and supply chain operations. Improved decision-making, effective resource allocation, and real-time monitoring are made possible by geospatial technologies including remote sensing, GPS, and GIS. 

• Utilities
• Defense and Intelligence
• Transportation and Logistics
• Infrastructural Development
• Natural Resources
• Agriculture
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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