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Global Geospatial Analytics Market Research Report 2021-2028

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Dublin, Oct. 25, 2021 (GLOBE NEWSWIRE) — The “Geospatial Analytics Market by Technology, Component, Deployment Mode, Organization Size, Application, and End User – Global Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.

The geospatial analytics market is expected to register a CAGR of 17.6% from 2021 to 2028 and reach $256.0 billion by 2028.

The growth of the geospatial analytics market is primarily driven by factors, such as the increasing number of artificial intelligence and machine learning-based GIS solutions, advancements in big data analytics, high proliferation of IoT and connected devices, and increasing adoption of cloud computing technology.

However, certain factors, such as the high set-up and operating costs and data privacy, may restrain the market’s growth to a certain extent. Favorable government policies to promote smart infrastructure and the advent of 5G technology are expected to positively impact the growth of the geospatial analytics market during the forecast period.

Based on technology, the GNSS & positioning segment is expected to account for the largest market share in 2021. The large share of this segment is mainly attributed to the increasing adoption of tracking devices in transportation & logistics; architecture, engineering & construction; security & defense; and mining, among other industries. The growing adoption of GNSS-based GPS technology in the verticals above is expected to help the segment grow at the highest growth rate during the forecast period.

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Based on component, the software segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing adoption of software in the transportation & logistics, BFSI, retail, healthcare, education, oil & gas, utilities, architecture, and engineering & construction industries. The wide application of geospatial analytics software in the abovementioned industries is expected to boost the growth of the software segment in the coming years.

Based on deployment mode, the cloud segment is estimated to account for the largest share of the geospatial analytics market in 2021. Cloud-based geospatial analytics solutions include several software-as-a-service modules such as GIS-as-a-service, application-as-a-service (AaaS), imagery-as-a-service (IaaS), and data-as-a-service (DaaS). Real-time data can be directly displayed on the system minimizing the time required to gather geospatial data.

Cloud-based deployments offer scalability, flexibility, and cost-effective subscription-based models. Also, data stored on the cloud can be accessed by customers worldwide, opening up new revenue streams for the organization. Such benefits of cloud-based deployments are expected to drive the adoption of cloud-based geospatial analytics platforms and solutions.

Based on organization size, the SMEs segment is expected to register the highest growth rate during the forecast period. A large number of SMEs are adopting geospatial analytics to increase their market shares, efficiency, and overall performance. These SMEs provide geospatial analytics solutions to SMEs from other sectors such as agriculture, manufacturing, media & entertainment, retail, education, and BFSI at much lower costs, in turn boosting the growth of the geospatial analytics market

Based on application, the surveying segment is expected to account for the largest market share in 2021. The large share of the segment is attributed to the wide use of geospatial analytics across several industries such as oil & gas, agriculture, mining, forestry, fishery, and security & defense. However, the urban planning segment is expected to record the highest CAGR during the forecast period due to the rise in the urban population worldwide and the consequent demand for smart infrastructure and smart cities. Several regions across the globe have already planned smart cities based on smart infrastructure, boosting the demand for geospatial analytics in urban planning applications.

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Based on end user, the transportation & logistics segment is expected to account for the largest share of the market in 2021. The growing adoption of vehicle tracking systems and the flourishing e-commerce industry focused on improving product delivery have boosted the demand for geospatial analytics solutions and services in the transportation & logistics sector. Moreover, geospatial analytics technology is being increasingly adopted to improve supply chain management and fleet management and optimize transportation costs.

North America’s large share is mainly attributed to the presence of large enterprises and the inclusion of advanced technologies such as AI, ML, big data, and cloud computing in geospatial analytics solutions.

Government policies favoring the sharing of GIS data are propelling the growth of this regional market. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period due to growing investments in 5G, IoT, and smart cities.

Key Questions Answered in the Report

  • Which are the high-growth market segments in terms of technology, component, end user, and geography?
  • What was the historical market size for the global geospatial analytics market?
  • What are the market forecasts and estimates for 2021-2028?
  • What are the major drivers, restraints, and opportunities in the global geospatial analytics market?
  • Who are the major players in the global geospatial analytics market, and what share of the market do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global geospatial analytics market?
  • What are the various strategies adopted by the major players in the global geospatial analytics market?
  • What are the geographical trends, and which are the high-growth countries?
  • Who are the local emerging players in the global geospatial analytics market, and how do they compete with the other players?

Market Dynamics

Drivers

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  • Growing Use of AI and MI-Based GIS Solutions
  • Advancements in Big Data Analytics
  • Growing Proliferation of IoT and Connected Devices
  • High Adoption of Cloud Computing

Restraints

  • Issues Associated with Data Privacy
  • High Set-Up and Operating Cost

Opportunities

  • Government Initiatives to Promote Smart Infrastructure
  • Advent of 5G Technology

Challenges

  • Lower Adoption Among SMEs

Trends

  • Mapping-as-a-Service
  • Subscription-based Models
  • Integration of BIM and GIS with Geospatial Analytics

Companies Mentioned

  • ESRI (U.S.)
  • Oracle Corporation (U.S.)
  • Alteryx Inc. (U.S.)
  • Fugro N.V. (Netherlands)
  • Hexagon AB (Sweden)
  • RMSI Pvt. Ltd. India (India)
  • SAP SE (Germany)
  • Trimble Inc. (U.S.)
  • L3Harris Technologies Inc. (U.S.)
  • General Electric Company (U.S.)
  • TomTom N.V. (Netherlands)
  • Autodesk Inc. (U.S.)
  • Google LLC (U.S.)
  • Atkins (U.K.)
  • AAM Pty Ltd. (Australia)
  • Orbital Insight (U.S.)
  • Cyient Limited (India)
  • Precisely (U.S.)
  • HERE (Netherlands)
  • CARTO (U.S.)

For more information about this report visit https://www.researchandmarkets.com/r/n4xijc


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Basware Makes Waves as a Leader in Accounts Payable Invoice Automation

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New analyst report recognizes Basware capabilities with the highest scores possible in the Exception Handling, Fraud and Risk Management, and Tax Compliance and Operations criteria.
CHARLOTTE, N.C., July 8, 2024 /PRNewswire/ — Basware, a global leader in AP automation and invoice processing, has been recognized as ‘a Leader’ in The Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024.

CFOs, business leaders and AP (accounts payable) professionals have long sought automated invoice processes. But only recently, with the advent of AI, has there been a significant shift in the space. Companies must offer superior AI capabilities, greater automation, and more comprehensive insights into financial and cash data to attract new customers and retain existing ones.
According to the Forrester report, Basware was named as a leader in its 31-criterion evaluation. The company received the highest scores possible across 16 criteria, including Exception Handling, Fraud and Risk Management, and Tax Compliance and Operations.
The Forrester Wave™ report states:
“Basware heads the pack with a laser focus on automating the last mile of AP processes. As the largest specialist provider of APIA [Accounts Payable Invoice Automation] software, Basware has established itself as an APIA powerhouse with customer obsession, practical innovation, and solid execution. Its pragmatic product roadmap addresses critical client pain points related to compliance and fraud management.”
AP teams have been battling against external forces in recent years, such as macro-economic headwinds, the supply chain crunch, labor market shortages and expanding regulations, putting the squeeze on resources. To alleviate pressures, AP professionals need access to cost and time effective technologies that can manage increasingly complex business operations, support customers and always remain compliant with global regulations.
Nish Makwana, Finance Manager at Specsavers (customer of Basware), commented:  
“Being recognized as a leader in the Forrester report confirms the outstanding performance we’ve experienced as a customer of Basware’s AP automation and Statement Matching solutions.”
In recent months, Basware has furthered its commitment to innovation and delivering value to customers and the industry by:
Partnering with Deloitte to remove manual invoice processing and accelerate finance transformationAcquiring UK-based AP Matching to boost statement reconciliationLaunching AP Protect to help protect organizations from the threat of invoice errors and fraud using AIJason Kurtz, CEO at Basware, commented:
“AP teams are tasked with managing thousands of invoices and payments every week, often putting a strain on resources and pushing them to balance speed with compliance. The answer to this challenge? Unified end-to-end APIA solutions. The industry has been calling for enhanced automated solutions to support AP departments, and we’re helping our customers save time and money, while remaining compliant with ever-changing global regulations. We believe that being named a leader sets us apart from our competitors. But we’re just getting started, and the best is yet to come.”
In 2023, Basware experienced one of its most successful financial years in its almost 40-year history. It expanded its market presence and added over 300 customers to its global portfolio of over 1000+ AP customers. During that period, Basware handled over 200 million invoices and $900 billion in invoice spend through its platform.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That’s why the world’s most efficient AP departments at thousands of companies rely on Basware to handle over 220 million invoices per year. Basware. Now it all just happens.™
For more information visit: https://www.basware.com/en/
Photo – https://mma.prnewswire.com/media/2456025/Basware.jpgLogo – https://mma.prnewswire.com/media/2398888/4799819/Basware_logo.jpg
 

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Cato Networks Named a Leader in the 2024 Gartner Magic Quadrant for Single-Vendor SASE

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Cato SASE Cloud Platform continues to shape the enterprise security market
TEL AVIV, Israel, July 8, 2024 /PRNewswire/ — Cato Networks, the SASE leader, today announced that Gartner, Inc. has recognized the company as a Leader in the 2024 Gartner® Magic Quadrant™ for Single-Vendor SASE.

“Cato’s true SASE platform is the antidote to IT complexity that persists in the face of ongoing so-called ‘platformization’ efforts,” said Shlomo Kramer, co-founder and CEO at Cato Networks. “Cato pioneered the SASE market and is shaping its future with best-in-class customer experience and a train of innovations that deliver on SASE’s promise.”
Built from its inception to be a platform, the Cato SASE Cloud combines operational excellence and an elegant customer experience. Cato’s autonomous cloud service offloads IT from the grunt work of extending, upgrading, patching, and scaling security infrastructure while sustaining resiliency and availability. “Platformization” is a portfolio approach to SASE and attempts to integrate multiple acquired products with differing code bases, form factors, policy engines, and data lakes into a single platform – an impossible task that is apparent to anyone familiar with the two approaches.
“We believe this Gartner recognition reflects what our customers experience with Cato every day,” continued Kramer.
As of July 3, 2024, on Gartner Peer Insights™, the Cato SASE Cloud Platform had an overall rating of 4.7 out of 5 for single-vendor SASE and 183 verified reviews – more than 10x of any Leader in the single-vendor SASE Magic Quadrant.
Cato Expands the Scope of Single-Vendor SASE
Gartner defines single-vendor secure access service edge (SASE) offerings as those that deliver multiple converged-network and security-as-a-service capabilities, such as software-defined WAN, secure web gateway, cloud access security broker, network firewalling and zero trust network access. These offerings use a cloud-centric architecture and are delivered by one vendor.1
The Cato SASE Cloud Platform extends beyond the original definition of SASE to deliver world-class performance and empower IT teams to eliminate threats and troubleshoot network incidents faster. Cato owns and manages the global cloud network, delivering an exceptional SASE experience to any enterprise worldwide. Functionally, Cato extends beyond threat prevention of the original SASE scope with SASE-managed endpoint protection (EPP/EDR) and SASE-based extended detection and response (XDR), the first AI-driven networking and security incident detection and response platform.
To experience Cato yourself, visit us at https://www.catonetworks.com.
1Gartner, Magic Quadrant for Single-Vendor SASE, Andrew Lerner, Jonathan Forest, Neil McDonald, Charlie Winckless, 3 July 2024
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.
Resources
Read the Cato blog, “With Great Leadership Comes Great Responsibility”Picture of Shlomo KramerCato Networks’ LogoAbout Cato NetworksCato Networks is the SASE leader, delivering enterprise security and networking in a single cloud platform. With Cato, organizations replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack.
Want to learn why thousands of organizations secure their future with Cato? Visit us at www.catonetworks.com.

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Sinch Launches Omnichannel Connector on Salesforce AppExchange

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Expanding Messaging Capabilities for Businesses
SAN FRANCISCO and STOCKHOLM, July 8, 2024 /PRNewswire/ — Sinch (Sinch AB (publ) – XSTO: SINCH), which is pioneering the way the world communicates through its Customer Communications Cloud, today introduced the Sinch Omnichannel Connector on Salesforce AppExchange.  This innovative solution enhances conversational marketing opportunities and customer experiences by offering Salesforce Marketing Cloud customers advanced one-way and two-way messaging capabilities.  The solution is now available on Salesforce AppExchange.

The Sinch Omnichannel Connector seamlessly integrates with the Salesforce ecosystem, empowering businesses to elevate their marketing strategies by reaching and engaging customers across their preferred channels. This new offering expands the reach of Salesforce Marketing Cloud platform features, providing a comprehensive suite of omnichannel messaging capabilities. Businesses can now connect with customers through one-way and two-way messaging across 13 diverse channels, including platforms like RCS, Kakao Talk, Viper, and Instagram.  This expands Salesforce’s native channels of SMS, MMS, Email, WhatsApp, and LINE, providing a comprehensive communication solution. 
“With the Sinch Omnichannel Connector, businesses can enhance their customer communications, personalize engagements, and maximize the return on their marketing investments,” said Jonathan Campbell, Senior Director, Messaging Products at Sinch.  “Salesforce Marketing Cloud users can now leverage a broader spectrum of messaging channels through Sinch, beyond those directly supported by Salesforce, to optimize their marketing strategies and elevate customer engagement.”
 To get started, Salesforce Marketing Cloud users simply need to have an existing account and onboard the Conversation API through the Sinch Dashboard. From there, they can easily activate the channels of their choice, tailoring their messaging strategy to suit their unique business needs.
Sinch has partnered with Salesforce since 2014 when Salesforce expanded its SMS offering into international markets. Sinch is a strategic supplier for Salesforce’s global SMS delivery and provides enterprise-grade messaging solutions that support Salesforce and its global customer base.
For more information visit Sinch Omnichannel Connector
Salesforce, AppExchange, Marketing Cloud and others are among the trademarks of Salesforce, Inc.
CONTACT:
For further information, please contact:
Janet LennonDirector of Global Communications [email protected]
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/sinch-ab/r/sinch-launches-omnichannel-connector-on-salesforce-appexchange,c4012692

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