The Middle East geospatial analytics market report defines and segments the concerned market with analysis and forecast of revenue. This market is projected to grow from USD 1.87 billion in 2015 to USD 4.42 billion in 2020, at a CAGR of 18.7% from 2015 to 2020.
Browse through the TOC of Middle East Geospatial Analytics Market for an analysis of industry trends, segments & forecasts.
Geospatial analytics assist to gather, integrate, display, manipulate, and analyze geospatial data collected through GPS, satellite imagery, geotagging, mapping, and other sources to generate relevant information that are essential for making business decisions. The data collected is in the form of geo-referenced satellite images or maps, and is represented in two ways, namely, vector and raster. Enterprises are using geospatial information to analyze their operational efficiency in order to sustain their position in this competitive environment.
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Geospatial analysis delivers more accurate images as compared to 2D and 3D analysis. It comprises analysis of components on, above, and below the earth surface. The application of these technologies supports government as well as private sectors to make informed decisions about businesses, as well as analyze disaster management, risk assessment and mitigation, climatic conditions, and urban planning.
Among all applications, the surveying segment has captured the highest share in the geospatial analytics market. Over the last two decades, innovations have taken place in the field of surveying technologies, which have further resulted in high accuracy data, wider geographic reach, and a quick route to 3D deliverables offered to potential users.
Geospatial analytics is estimated to have an increasing demand in the future analytics market. For the past few years, the demand of geospatial analytics has increased among organizations, as it assists to track changes in trends and patterns over a period of time. In addition to this, technological advancements in geospatial data and analytics have increased the adoption of geospatial technologies such as global positioning system (GPS), remote sensing (RS), and geographical information system (GIS), among others.
Increasing penetration of GIS technology in the utility industry, growing demand of open interoperable solutions, and increasing usage of location-based data are key driving factors influencing the growth of the geospatial analytics market.
The use of GIS technology is becoming increasingly popular among different industries such as construction, retailing, and utility. In the construction industry, GIS and GPS technologies are used to survey land and map potential locations for construction. In retail, GIS technology is used to discover the best possible site for location of a new shopping mall, whereas in the utility sector, companies are able to establish the best and safest stations for power storage and production. The geospatial analytics is already being implemented in the Middle East region. For instance, Qatar is expanding its smart city development projects by adopting various technologies, such as mobility, IoT, and connected cars, among others.
The Middle East geospatial analytics market is segmented on the basis of type, technology, application, vertical, and geography. With respect to vertical, this market is classified into natural resource, businesses, utility and communication, automotive, government, and defense and intelligence, among others. Similarly, on the basis of technology, this market is categorized into global positioning systems (GPS), geographical information systems (GIS), and remote sensing (RS) among others. With respect to type, this market is segmented into surface analysis, network analysis, and geovisualization, among others. In terms of application, the market gets classified into surveying, medicine and public safety, disaster risk reduction and management, and climate change adaptation, among others. Finally, on the basis of geography, the Middle East geospatial market is segregated into the Kingdom of Saudi Arabia, United Arab Emirates, Qatar, and rest of Middle East.
The Kingdom of Saudi Arabia (KSA) is the leading country in the geospatial analytics market. This market in KSA is estimated to be USD 562.2 million in 2015, and is expected to reach USD 1.23 billion by 2020, at a CAGR of 16.9% from 2015 to 2020. The Middle East geospatial analytics market is dominated by various key players such as Esri, Trimble Navigation, Ltd., Bentley Systems, Inc., and Fugro.
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