first published week of:   05/08/2023

Mapping the Future: The Role of Geospatial Solutions in Digital Transformation

by  Allied Analytics Press Release

According to a new report published by Allied Market Research, titled, “Geospatial Solutions Market,” The geospatial solutions market was valued at $432.00 billion in 2021, and is estimated to reach $1,457.7 billion by 2031, growing at a CAGR of 13.1% from 2022 to 2031.

Cloud-based geospatial solutions are gaining traction at the moment. Cloud-based geospatial solutions deliver on-demand geospatial data, images, and maps. It also enables companies to share data and perform operations such as viewing, monitoring and analyzing geospatial data. Moreover, few companies are also launching cloud-based geospatial solutions, which fuels growth of the geospatial solutions market. For instance, in April 2019, HERE launched Here XYZ for mapmaking and geospatial data management for developers and non-coders. It also launched a new cloud service for fast and flexible management of location data.

North America is expected to dominate the global geospatial solutions market in 2021. Rise in investments in the defense sector and technological advancements in the telecommunication industry acts as key driving forces for the geospatial analytics market in North America.

 Read full story at Difital Journal…

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