Geospatial Analytics Market Segmentation:
Component Segment Analysis
Software segment is poised to capture geospatial analytics market share of over 63.1% by 2035. This growth of the segment is set to be encouraged by the growing rate of deforestation. A 2020 report by the Food and Agriculture Organization of the United States stated that between 2015 and 2020, the rate of deforestation was 10 million hectares per year, down from 16 million hectares per year in the 1990s. Since 1990, the world's primary forest area has fallen by more than 80 million hectares.
Particularly, more than 8 million hectares of land are affected by climate change each year, making it the primary cause of the rise in deforestation. This has led to the increasing usage of GIS software systems, which gives forestry departments precise data for improved decision-making and aids them in monitoring the loss of forest cover, assessing the health and growth of recently planted trees, and evaluating the land cover over time.
Application Segment Analysis
The surveying segment in geospatial analytics market is estimated to gather substantial CAGR by the end of 2035. The segment expansion is due to the thriving agriculture sector across the world. According to a 2024 published report by the World Bank Group, agriculture accounts for 4% of global gross domestic product (GDP), and in some least developing countries, it can account for more than 25% of GDP. in Farmers can undertake geospatial analysis with GIS for mapping and surveying plantation crops to increase agricultural output, lower labor expenses, and guarantee crop quality and yield.
Type Segment Analysis
By the end of 2035, the network and location analytics segment is expected to dominate the global geospatial analytics market as it leverages geospatial data to gain insights, optimize operations, and enhance decision-making across various industries. The increased adoption of network and location analytics solutions in transportation, telecommunications, utilities, retail, insurance, and urban planning is propelling market expansion.
Our in-depth analysis of the global market includes the following segments:
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