Article Details
Geospatial Analytics Market Evolution: Key Trends and Growth Outlook
Posted By webersnits 101 days ago on latest news
The global geospatial analytics market is projected to grow at a compound annual growth rate (CAGR) of 11.1% through 2029, increasing from an estimated USD 32.97 billion in 2024 to USD 55.75 billion. This growth is driven by the expansion of location-based services, advancements in artificial intelligence (AI) and big data integration, and the growing adoption of Internet of Things (IoT) devices. Industries like agriculture, logistics, and urban planning are utilizing geospatial insights to enhance efficiency, while government initiatives for smart cities and disaster management further fuel market growth.
Submit a Comment