Artificial Intelligence
$77.1 Bn Global Geospatial Analytics Market with Rising CAGR 4.8% | Improvements in Artificial Intelligence is Driving the Market | Geospatial Analytics Industry Size, Share, Data, Outlook, Trend | Vantage Market Research
WASHINGTON, June 14, 2022 (GLOBE NEWSWIRE) — The Global Geospatial Analytics Market finds that increasing number of AI and ML based GIS solutions, increasing demand for smart cities, are some factors that augment the growth of the Geospatial Analytics Market in recent years. The Global Geospatial Analytics Market revenue is expected to reach a value USD 77.1 Billion in the year 2028.
The Global Market revenue stood at a value USD 58.2 Billion in the year 2021 and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period; states Vantage Market Research, in a report, titled “Geospatial Analytics Market Size, Share & Trends Analysis Report by Components (Solutions, Services), by Solution (Geocoding and Reverse Geocoding, Data Integration and ETL, Reporting and Visualization, Thematic Mapping and Spatial Analysis), by Service (Consulting, Integration and Deployment, Support and Maintenance), by Type (Surface and Field Analytics, Network and Location Analytics, Geo Visualization, Other Types (Geo Computation, Geo Simulation, Artificial Neural Networks (ANN), Map Generalization, Map Abstraction, Map Sheet, Manipulations, Digital Terrain Analysis, Buffer Generation, Polygon Overlay and Dissolve, And Data Measurements), by Technology (Remote Sensing, GIS, GPS, Other Technologies (Internet Mapping Technologies), by Deployment Mode (Cloud, On-Premises), by Organization Size (SMEs, Large Enterprises), by Application (Surveying, Medicine and Public Safety, Disaster Risk Reduction and Management, Climate Change Adaptation), by Vertical (Utility, Government, Defense and Intelligence, BFSI), by Region (North America, Europe, Asia Pacific, Latin America) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
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Market Dynamics:
Driver:
A Growing Variety of AI and Machine Learning-Based GIS Solutions are Available
In the last few years, AI and machine learning skills have advanced significantly. Organization benefits from these capabilities when integrated with geospatial data. AI and machine learning-based solutions are being deployed by geospatial analytics solution providers such as ESRI and SAP to give enterprises with better insights. Drone equipment and satellite imagery have been manufactured at a faster rate in recent years. The combination of AI and machine learning with spatial solutions saves a lot of time and money. It allows tasks like picture classification, object detection, semantic segmentation, and instance segmentation to be completed. With advances in AI and machine learning technologies, geospatial analytics solution providers will be able to provide advanced spatial solutions to customers in a variety of industry verticals and deploy them much more quickly. Hence, these are some of the factors propelling the market growth.
Growth of 5G Communication Technology Advancements
The introduction of 5G network services is projected to open new prospects for geospatial analytics suppliers, as 5G technology may be used to capture extremely precise geographical data. The 5G network would primarily use three bands of the spectrum: low-band, mid-band, and high-band. Sub 1GHz spectrum is another term for low-band spectrum. It is largely a carrier’s spectrum band, and it quickly becomes depleted. The mid-band spectrum offers better coverage and latency than the low-band spectrum. However, when compared to a low-band spectrum, a mid-band spectrum fails to penetrate buildings. mmWave is a term used to describe a high-band spectrum. It has low latency and can deliver peak rates of up to 10Gbps. Small cells are required for 5G deployment because they aid in the connectivity of users to 5G transceiver towers. Due to huge antenna arrays and broad bandwidths, 5G networks are likely to provide device location shortly. Particularly in Line of Sight (LOS) situations, these would have extremely accurate Direction-of-Arrival (DOA) and Time-of-Arrival (TOA) estimations. The deployment of 5G infrastructure also relies heavily on geospatial data. Shortly, this is also projected to increase the desire for geospatial analytics solutions in the telecom industry. Ultimately, anticipated to be driving the market growth over the forecast period.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Geospatial Analytics market is predicted to grow at a CAGR of roughly 4.8% during the forecast period.
- The Geospatial Analytics market was estimated to be worth roughly USD 58.2 Billion in 2021 and is expected to reach USD 77.1 Billion by 2028; based on primary research.
- On the basis of region, North America is projected to dominate the worldwide Geospatial Analytics market.
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Segmentation of the Global Geospatial Analytics Market:
- Components
- Solutions
- Services
- Solution
- Geocoding and Reverse Geocoding
- Data Integration and ETL
- Reporting and Visualization
- Thematic Mapping and Spatial Analysis
- Other Solutions (DBMS and Data Storage Software)
- Service
- Consulting
- Integration and Deployment
- Support and Maintenance
- Type
- Surface and Field Analytics
- Network and Location Analytics
- Geo Visualization
- Other Types (Geo Computation, Geo Simulation, Artificial Neural Networks (ANN), Map Generalization, Map Abstraction, Map Sheet, Manipulations, Digital Terrain Analysis, Buffer Generation, Polygon Overlay and Dissolve, And Data Measurements)
- Technology
- Remote Sensing
- GIS
- GPS
- Other Technologies (Internet Mapping Technologies)
- Deployment Mode
- Cloud
- On-Premises
- Organization Size
- SMEs
- Large Enterprises
- Application
- Surveying
- Medicine and Public Safety
- Disaster Risk Reduction and Management
- Climate Change Adaptation
- Other Applications (Supply Chain Planning and Optimization, Sales and Marketing Optimization, Predictive Asset Management, and Inventory Management)
- Vertical
- Utility
- Government
- Defense and Intelligence
- BFSI
- Real Estate and Construction
- Healthcare
- Mining and Natural Resources
- Security
- Logistics and Supply Chain
- Automotive
- Agriculture
- Others
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the electronics industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
The Report on Geospatial Analytics Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
North America Holds Largest Market Share
North America is expected to dominate the growth of the Geospatial Analytics Market in 2021. The market growth in the region is attributed to extensive use of geospatial analytics technologies in applications such as construction, agriculture, transportation, and utilities. However, Asia Pacific market is expected to grow at the quickest Compound Annual Growth Rate (CAGR)during the forecast period. The urban population of the region has exploded as a result of the region’s rising economies, such as India, China, and Indonesia. As a result of this growth, smart cities, smart infrastructure, and well-planned urban landscapes are in high demand. China, South Korea, and India are leading the way in the development of 5G and IoT infrastructure. Hence, expected to grow at the quickest Compound Annual Growth Rate (CAGR)during the forecast period.
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on “Geospatial Analytics Market Size, Share & Trends Analysis Report by Components (Solutions, Services), by Solution (Geocoding and Reverse Geocoding, Data Integration and ETL, Reporting and Visualization, Thematic Mapping and Spatial Analysis), by Service (Consulting, Integration and Deployment, Support and Maintenance), by Type (Surface and Field Analytics, Network and Location Analytics, Geo Visualization, Other Types (Geo Computation, Geo Simulation, Artificial Neural Networks (ANN), Map Generalization, Map Abstraction, Map Sheet, Manipulations, Digital Terrain Analysis, Buffer Generation, Polygon Overlay and Dissolve, And Data Measurements), by Technology (Remote Sensing, GIS, GPS, Other Technologies (Internet Mapping Technologies), by Deployment Mode (Cloud, On-Premises), by Organization Size (SMEs, Large Enterprises), by Application (Surveying, Medicine and Public Safety, Disaster Risk Reduction and Management, Climate Change Adaptation), by Vertical (Utility, Government, Defense and Intelligence, BFSI), by Region (North America, Europe, Asia Pacific, Latin America) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)” View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/geospatial-analytics-market-100225
List of Prominent Players in the Geospatial Analytics Market:
- Alteryx (US)
- Bentley Systems (US)
- Carto (US)
- Descartes Labs (US)
- ESRI (US)
- Fugro (Netherlands)
- General Electric (US)
- Geospin (Germany)
- Google (US)
- Hexagon AB (Sweden)
- Mapidea (Portugal)
- MapLarge (US)
- Maxar Technologies (US)
- Oracle (US)
- Orbica (New Zealand)
- Orbital Insight (US)
- Precisely (US)
- RemOT Technologies (Spain)
- RMSI (India)
- SAP (Germany)
- Skymap Global (Singapore)
- Sparkgeo (Canada)
- TomTom (Netherlands)
- Trimble (US)
- Ubimo (US)
Recent Developments:
May 2021: ArcGIS Insights, a location analytics suite from Esri, has received technical improvements. Esri is a global pioneer in location intelligence and geospatial analytics technologies. ArcGIS Insights now supports connectivity with a variety of cloud-native databases, including Snowflake, Amazon Redshift, Google BigQuery, Microsoft Azure SQL, and others, thanks to recent updates.
June 2021: Trimble added a geotechnical portfolio to its geospatial monitoring platform as a result of a partnership with a major manufacturer of geotechnical IoT monitoring products. The survey, geotechnical, and structural engineers can quickly expand their monitoring business prospects with a full system that includes geotechnical and geospatial data.
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Geospatial Analytics Market?
- How will the Geospatial Analytics Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Geospatial Analytics Market?
- What is the Geospatial Analytics market drivers and restrictions?
- What will be the CAGR and size of the Geospatial Analytics Market throughout the forecast period?
This market titled “Geospatial Analytics Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered |
|
| Region & Counties Covered |
|
| Companies Covered |
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| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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Artificial Intelligence
Reliance Cyber and Google Cloud Security unite to transform cybersecurity for UK businesses
LONDON, May 28, 2024 /PRNewswire/ — Leading Managed Security Service Provider (MSSP), Reliance Cyber has been selected as one of only four MSSPs to partner with Google Cloud Security (GCS). This collaboration is set to make cybersecurity more effective and less complicated for businesses throughout the UK and Ireland.
Why this matters:In today’s complex security environment, businesses face a multitude of challenges, including escalating cyberattacks, an overwhelming number of security alerts, rising cybersecurity costs, and a critical shortage of skilled professionals. The partnership between Reliance Cyber and Google Cloud Security provides organisations with improved security postures through insightful, data-driven analytics, which underpin Reliance Cyber’s XDR service. For businesses facing diverse economic, social, and technological changes—such as the ongoing impacts of COVID-19, the transition to hybrid and remote work, rapid technological advancements like AI, and budget pressures from the cost of living crisis—this partnership represents a significant step forward. It enhances cybersecurity without the usual challenges of high costs, complexity, or the need for specialised staff. It’s about making world-class security simple and available to a wider audience.
What’s changing:
Support for growth: The partnership will expand the reach of state-of-the-art security services to more businesses, helping to protect organisations without the stress of financial and operational barriersEnhanced visibility, lower costs: Leveraging Google’s SOAR capabilities and Chronicle’s powerful telemetry, Reliance Cyber’s tailored ingestion approach means organisations can achieve enhanced visibility across their digital environments at a reduced cost. This approach enables proactive prevention and detection of threats, ensuring better security with less expenditure.Key benefits of the strategic partnership include:
AI and automation: Automation is at the core of Reliance Cyber’s offering. Every alert is enriched with threat intel from leading vendors, automatically correlated, and grouped into cases, reducing mean time to detect (MTTD) and mean time to respond (MTTR). Google’s additions enhance this with lower data ingestion costs, superior threat intelligence, curated detections, and advanced anomaly detection using machine learningSimplified security operations to support staff: Integration of Google Cloud’s SOAR capabilities simplifies the security management landscape, allowing CISOs to focus on strategic planning rather than daily operational hurdlesScalable security for business growth: The partnership supports business expansion strategies by providing scalable security solutions that grow with the company, crucial for organisations driving technological advancementData-driven insights for better decision-making: Boards will gain unparalleled visibility into their digital environments, fostering smarter, faster decision-making to preemptively address potential security threats.Rob Walton, Chief Revenue Officer at Reliance Cyber, on the transformative impact: “We’re thrilled to partner with Google Cloud Security. This partnership aligns perfectly with our mission to deliver comprehensive, advanced security services to the market, making top-level security accessible and manageable for businesses of all sizes. Ultimately, it’s about creating predictability and peace of mind in an area that can often cause businesses and their boards sleepless nights, particularly due to concerns about attacks and the financial constraints that dictate risk appetites.”
Do you want more coverage, at less cost, with zero compromises?
Enquire about a proof of concept. Visit: https://eu1.hubs.ly/H09bKtG0.
About Reliance Cyber
Since our founding in 2003, Reliance Cyber has established itself as a leading Managed Security Service Provider (MSSP). By combining deep cybersecurity expertise with a true partnership ethos, we enable organisations to concentrate on their core business.
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Artificial Intelligence
Eficode acquires Jodocus and reinforces Atlassian Cloud skills and Atlassian partnership in Germany
HELSINKI, May 28, 2024 /PRNewswire/ — Eficode has acquired Jodocus, the first cloud-native Atlassian Platinum partner in Germany. This acquisition further reinforces Eficode’s role as an Atlassian partner in Germany and expands its skills and services in Atlassian Cloud.
“Atlassian is moving to the Cloud, and the related know-how is essential to speed up this transition. Jodocus was originally the first Atlassian partner in Germany to focus fully on the Cloud. Their broad expertise in Atlassian tools and cloud migrations helps our customers in their journey to the cloud and complements our mission to build the future of software development,” says Ilari Nurmi, CEO of Eficode. “We welcome Jodocus’ employees and customers to Eficode.”
Founded in 2019, Jodocus is an Atlassian Platinum Solution Partner with extensive expertise in Atlassian Cloud. In addition to focusing on the Cloud, the Jodocus team offers support on business processes, Application Lifecycle Management, and DevOps. Their customer base is in Germany, with well-known names such as Otto Group and Fricke. Jodocus has 45 employees, and its revenue in 2023 was 11,5 million euros. “Together, Eficode and Jodocus will form a more significant entity and have even more international customers, which opens possibilities for deepening and broadening our relationship with our customers,” says Werner Krandick, CEO of Jodocus.
Eficode has enabled countless businesses with DevOps and digital transformation to adopt new technologies and practices to create software better. Its full spectrum of digital services can now be extended also to Jodocus’ customers. Eficode ROOT provides software development tools as a managed service in a Software-as-a-Service manner. In turn, with Total Support, we manage the tools and offer support, coaching, and mentoring for Atlassian solutions as a subscription.
In recent years, Eficode has grown strongly both organically and through acquisitions. Eficode’s compound annual growth (CAGR) during the previous four fiscal years has been 70%.
Media contactsIlari Nurmi, Chief Executive Officer, Eficode. [email protected], +358 40 577 5084 Lauri Palokangas, Chief Marketing Officer, Eficode. [email protected], +358 50 486 4918
This information was brought to you by Cision http://news.cision.com
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Artificial Intelligence
New first of its kind UK legal-tech recruitment platform aims to put an end to overseas worker scams
Unique UK-based legal technology platform, Immpact, helps unite the global talent market to fulfil UK skills shortages across healthcare, construction, engineering, life sciences and hospitality Immpact directly connects employers, recruiters and regulated legal experts with pre-qualified global talent – and aims to help eradicate profiteering job scammersREADING, England, May 28, 2024 /PRNewswire/ — A unique new legal-tech recruitment platform has launched in the UK to help put an end to overseas worker scams and directly connect UK employers and recruiters with pre-qualified overseas global talent. Immpact will help fulfil acute skills shortages across sectors including healthcare, construction, engineering, life sciences and hospitality, while ensuring full legal Home Office compliance.
The launch of Immpact follows over two years of advanced legal-tech development. Using the immigration law expertise of Founder and Managing Director, Jonathan Beech, and his team of specialists, the platform will help unite a previously disconnected global talent market with under-resourced UK employers and transform global workplace migration. Immpact has also been developed through discussions with hundreds of employers, industry bodies and overseas talent.
With job scams – from fake jobs to illegal fees for sponsor licences – ongoing, particularly in the social and healthcare sector, Immpact will ensure only pre-qualified talent, employers and recruitment firms are placed on its platform following stringent multi-layer checks. This will ensure that all jobs and talent are qualified and genuine along with thoroughly regulated employers and recruiters, to provide a global marketplace for talent.
Jonathan Beech, Founder and Managing Director of Immpact, said: “Through my existing business running Migrate UK, I’m acutely aware of the issues that UK employers and recruiters are having in trying to fulfil talent shortages across sectors such as care, healthcare and life sciences. I also regularly hear terrible stories of genuine overseas job hunters being ripped off in their home countries or the UK by job scammers, often running to thousands of pounds.
“I knew there had to be a better way to match pre-qualified overseas talent with genuine work opportunities and responsible UK employers – effectively a ‘talent’ match-making site which is designed to eradicate scammers to provide a global, trusted marketplace for talent.”
Following the latest government immigration rule changes, overseas recruitment costs are continuing to rise for businesses struggling with talent shortages. From 4 April 2024, the minimum salary for entering the new skilled visa worker route for the first time increased by 48%, from £26,200 to £38,700 a year. There are different rates for those already holding a skilled worker certificate of sponsorship prior to this date and discounts are available for key shortage roles on the Immigration Salary List (ISL).
Immpact will benefit employers and recruiters by saving them time and money. Working with recruitment experts to analyse existing overseas recruitment workflows, Immpact has calculated that it will save 50% of the time involved in managing overseas recruitment, helping to cut down the time-consuming filtering of applications traditionally needed.
For employers traditionally looking to recruit overseas applicants, previous data from industry recruitment software specialists show that 30% of overseas applications are rejected as they do not have the right to work, while 64% are rejected due to CVs being unclear or requirements not being met. This leaves just 6% of applications remaining, which results in about 2% then being interviewed. Immpact will automatically present only suitable pre-qualified applications to employers or recruiters, eradicating wasted time on unsuitable or unqualified applicants.
Beech continues: “Following thousands of hours of development and utilising the latest advanced technology which can adapt to evolving Home Office requirements and procedures, we’re proud to launch Immpact. Our unique new platform takes care of the entire process – from pre-qualifying processes, searching and shortlisting, down to arranging interviews, successful appointments, onboarding, the provision of regular content and guidance, and access to regulated immigration legal professionals.
“Our new technology will transform global migration for both UK organisations and businesses struggling to recruit and global talent looking to work in the UK. Immpact has been thoroughly tested at every stage and is both user-friendly and, crucially, compliant, so qualified overseas applicants and UK employers and recruiters can be confident that only genuine UK jobs and overseas applicants match and proceed. Quite simply, we want Immpact to simplify the whole migration process by putting the right talent in the right place at the right time, and for UK employers to fulfil critical talent shortages which will help them not only survive, but thrive.”
The platform has a free trial or low-cost subscriber options for search-matching and more for employers and recruiters. For talent, the platform has zero costs for creating a profile, using the pre-qualifying tools or searching for opportunities. For further information visit www.immpact.ai.
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