SAP(US:SAP) Newsfilterยท2025-01-23 13:30Core Insights - Geospatial analytics is essential for analyzing spatial data to understand relationships and trends within geographic regions [1][2] - The global geospatial analytics market is projected to grow from USD 93.91 billion in 2025 to USD 230.67 billion by 2033, with a CAGR of 11.9% [11] Market Dynamics - Rapid urbanization is driving the demand for geospatial analytics to address challenges in infrastructure, urban planning, and resource allocation [2][3] - The integration of AI and machine learning in geospatial analytics enhances the ability to derive actionable insights from large datasets [4] - The Smart Dubai initiative exemplifies the application of geospatial analytics in urban development, aiming for a sustainable and intelligent city by 2030 [3] Regional Analysis - North America holds the largest share of the global geospatial analytics market, driven by demand in sectors like transportation, defense, and healthcare [6] - Major companies in North America, such as Esri and IBM, are introducing innovative geospatial solutions to meet diverse customer needs [6] Market Segmentation - The geospatial analytics market is divided into software and services, with software holding the largest market share [11] - Applications include surveying, public safety, military intelligence, and urban planning, with surveying being the dominant segment [11] - The defense and internal security sector is the largest end-user segment in the geospatial analytics market [11] Competitive Landscape - Key players in the geospatial analytics market include Alteryx, Bentley Systems, ESRI, and Google, among others [11] - Recent developments include the launch of SoilMate.ai, a web-based service for remote earth analytics, indicating innovation in the market [5][11]