Geospatial Analytics AI Market Share, Trend Analysis, Key

The business research company recently published a comprehensive report on global Geospatial Analytics AI market size and trends analysis with forecast 2024-2033. This latest market research report provides a wealth of valuable insights and data, including global market size, regional shares and competitor market shares. It also covers current trends, future opportunities and essential data for success in the industry.

According to The Business Research Company, the size of the AI ​​geospatial analytics market has grown exponentially in recent years. It will grow from $0.08 billion in 2023 to $0.11 billion in 2024, at a compound annual growth rate (CAGR) of 31.4%. The growth in the historical period is due to the growth of AI in various industries, increased need for monitoring and monitoring, rapid implementation of AI solutions, advancements in machine learning, and growing demand for efficient operations.

The AI ​​geospatial analytics market is expected to witness exponential growth in the next few years. In 2028, it will grow to $0.32 billion at a compound annual growth rate (CAGR) of 30.9%. The growth over the forecast period can be attributed to predictions of changes in land use, urban expansion, increase in private agricultural practices, transformative use of AI and advances in remote sensing. Key trends during the forecast period include increased use of AI and ML, rise of cloud-based platforms, expansion of applications, improved decision-making, and enhanced disaster preparedness and response.

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Market drivers and trends:

Increasing internet penetration is expected to drive the growth of the AI ​​geospatial analytics market in the future. Internet penetration is the percentage of a population or specific demographic group that has access to the Internet. Internet penetration occurs when a certain percentage of the population or a specific population group gains access to the Internet, enabling widespread connectivity, information access, communication and economic opportunities. Internet penetration leverages geospatial analytics AI to analyze and understand spatial patterns of Internet usage, enabling targeted interventions and infrastructure development to improve connectivity in underserved areas and optimize resource allocation for improved digital inclusion. For example, according to a publication by the International Telecommunications Union (ITU), a Switzerland-based United Nations agency, global internet penetration reached an estimated 5.3 billion people in November 2022, representing 66% of the world’s population in 2022, with a growth of 6.1% compared to 2021. Therefore, increasing internet penetration is expected to drive the growth of the AI ​​geospatial analytics market.

Major companies operating in the AI ​​geospatial analytics market are developing advanced technologies such as geospatial and AI platforms for scenario planning and monitoring and to gain a competitive advantage in the market. The geospatial and AI platforms for scenario planning and monitoring are defined by combining geospatial technology and artificial intelligence (AI) to analyze and interpret data related to geographic locations. AI adds computing power and predictive capabilities to this framework, enabling valuable insights to be gained from vast amounts of geospatial data. For example, in January 2024, Deloitte Touche Tohmatsu Limited, a UK-based professional services company, launched a geospatial and AI platform based on Google Cloud using generative AI technology from Vertex AI. This platform helps customers improve their planning processes for disaster relief, infrastructure development and urban planning by providing insights into land use, ultimately leading to more sustainable decision-making.

Key benefits for stakeholders:

• Comprehensive market insights: Stakeholders gain access to detailed market statistics, trends and analysis that help them understand the current and future landscape of their industry.
• Informed decision making: Reports provide critical data to support strategic decisions, reduce risk and improve business planning.
• Competitive Advantage: With detailed competitive analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company provides customized reports tailored to specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global perspective: Reports cover various regions and markets, providing a comprehensive overview that helps stakeholders expand and operate successfully on a global scale.

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Key Market Players:

Alphabet Inc., Microsoft Corporation, Amazon.com Inc., Intel Corporation, IBM Corporation, Oracle Corporation, SAP SE, Presto Automation Inc., NVIDIA Corporation, Baidu Inc., Hexagon AB, Trimble Inc., DigitalGlobe Inc., Environmental Systems Research Institute Inc., Bentley Systems Inc., Databricks Inc., CE Info Systems Ltd., Dataiku Inc., Climate X, Genesys International Corporation Ltd., Geoblink SL, L3Harris Geospatial Solutions Inc., Climate X Ltd., Chloris Geospatial Inc ., Skydweller Aero Inc.

Key Insights on Geospatial Analytics AI Market 2024:

• The AI ​​geospatial analytics market is expected to grow to $0.32 billion in 2028, at a compound annual growth rate (CAGR) of 30.9%.
• Impact of Internet Usage Penetration on AI Geospatial Analytics Market
• Integration of AI and geospatial platforms for improved scenario planning and monitoring
• Asia Pacific was the largest region in the AI ​​geospatial analytics market in 2023. The regions covered in the AI ​​for geospatial analytics market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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