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Geospatial Analytics Market Reach USD 187.51 Billion to 2031 with CAGR of 12.47% | Reveals New InsightAce Analysis

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Jersey City, NJ, April 20, 2023 (GLOBE NEWSWIRE) — The global geospatial analytics market is estimated to reach over USD 187.51 billion by 2031, exhibiting a CAGR of 12.47% during the forecast period.

Geospatial analytics collects, displays, and manipulates geographic information to provide insights and solutions. While many factors are driving the growth of the global geospatial analytics market, the lack of skilled manpower is also considered a significant challenge.

The field of geospatial analytics involves complex data analysis and requires a range of technical skills, such as knowledge of GIS software, data analysis and visualization tools, and programming languages. There is a growing demand for geospatial analytics expertise across many industries, including agriculture, defense, transportation, and urban planning. The major limitation of this market is data privacy concerns. Using geospatial analytics involves collecting and analyzing large amounts of data, including sensitive and personal information. This has raised concerns over data privacy and security; some organizations may need to be more open to using these tools.

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Recent Developments:

  • In May 2022, Old City Innovations (formerly Geospoc LLC) was purchased by India-based decision intelligence business SatSure Analytics Pvt. Ltd. for an unknown sum.
  • In March 2022, Esri and PrecisionHawk announced a partnership. The best geospatial intelligence is made available through this alliance.

List of Prominent Players in the Geospatial analytics market:

  • Bentley Systems
  • Blue Marble Geographic
  • Caliper Corporation (US)
  • CARTO (US)
  • Descartes Lab (US)
  • eSpatial (Ireland)
  • Esri
  • Fugro
  • General Electric
  • Geomatic Consulting International (Vietnam)
  • Geospin (Germany)
  • Geoviet Consulting (Vietnam)
  • GIS Co. Ltd. (Thailand)
  • Google
  • HERE Technologies (Netherlands)
  • HexagonAB
  • Imago Global (Mynamar)
  • Mandalay Technology (Myanmar)
  • Mapidea (Portugal)
  • Maplarge
  • Maplarge (US)
  • Mappointasia (Thailand)
  • Maxar Technologies
  • Orbica (New Zealand)
  • Orbital Insights (US)
  • Pasco Corporation (Japan)
  • Precisely
  • Remote Technologies (US)
  • RMSI
  • Skymap Global (Singapore)
  • Sparkgeo (Canada)
  • Spatial
  • Suntac Technologies (Myanmar)
  • TomTom (Netherlands)
  • Trimble
  • UBIMO(US)
  • Vegastar Technology (Vietnam)

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Geospatial Analytics Market Report Scope:

Report Attribute Specifications
Market size value in 2022 USD 66.29 Bn
Revenue forecast in 2031 USD 187.51 Bn
Growth rate CAGR CAGR of 12.47% from 2023 to 2031
Quantitative units Representation of revenue in US$ Million, and CAGR from 2023 to 2031
Historic Year 2019 to 2022
Forecast Year 2023-2031
Report coverage The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends
Segments covered Delivery Mode, Application, Destination, Service Type, Vehicle Type And Mode Of Operation
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Market Dynamics:

Drivers:

Technological advancements have been a major driver of the global geospatial analytics market in recent years. As technology continues to improve, more and more data can be gathered, analyzed, and visualized in real-time, providing businesses with valuable insights that can be used to construct more informed conclusions.

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The increasing use of artificial intelligence, machine learning, and big data analytics has also helped to drive the growth of the geospatial analytics market. These technologies enable companies to extract more value from their data and better understand complex spatial relationships. Moreover, the growing demand for location-based services, such as navigation, asset tracking, and emergency response, has also played a key role in driving the adoption of geospatial analytics solutions across various industries.

Challenges:

The prime challenge is the lack of skilled manpower, which is predicted to reduce the growth of the geospatial analytics market. However, there currently needs to be more skilled professionals who can meet this demand, particularly in emerging markets where the use of geospatial analytics is growing rapidly.

Many organizations are investing in training and education programs to address this challenge to build a pipeline of skilled geospatial analysts. This includes partnerships with universities and vocational training programs to provide students with the necessary skills and experience to work in the field. Additionally, companies are using automation and artificial intelligence to augment the skills of their existing workforce and make geospatial analytics more accessible to non-experts.

Regional Trends:

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The North American geospatial analytics market is expected to register a major market share in revenue and is projected to grow at a high CAGR shortly. This can be linked to the presence of significant players in the region and the increasing adoption of geospatial analytics solutions in various industries such as government, defense, and transportation. Additionally, the region has a highly developed technology infrastructure and a high level of awareness about the benefits of geospatial analytics, which further fuels the market’s growth.

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Segmentation of the Geospatial Analytics Market-

By Component

  • Solution
    • Geocoding & Reverse Geocoding
    • Data Integration & ETL
    • Report Visualization
    • Thematic Mapping & Spatial Analysis
  • Service

By Technologies

  • Remote Sensing
  • Global Positioning Systems
  • Geographic Information Systems

By Type

  • Surfacing & Files Analytics
  • Network & Location Analytics
  • Geovisualization

By Deployment mode

  • Cloud
  • On-premises

By Organization Size

  • Large Enterprises
  • SMEs

By Application

  • Surveying
  • Medicine & Public Safety
  • Disaster Risk Reduction & Management
  • Urban Planning
  • Transportation Planning & Management
  • Natural Resource Management
  • Agriculture Value Chain
  • Environment Impact Analytics

By Vertical

  • Energy & Utilities
  • Government
  • Defense & Intelligence
  • BFSI
  • Retail Estate & Construction
  • Healthcare
  • Mining & Natural Resources
  • Automotive & Transportation
  • Agriculture

By Region-

North America-

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  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

About Us:

InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.

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Artificial Intelligence

Northern Data Group is first in Europe to acquire NVIDIA H200 GPUs

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First in Europe to acquire NVIDIA H200 GPUs – currently the most powerful GPUs on the market The deployment further expands the Group’s Generative AI CSP offering, already the largest in Europe Further demonstration of the Group’s continued commitment to providing best-in-class technologies FRANKFURT, Germany, July 1, 2024 /PRNewswire/ — Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87), a leading provider of High-Performance Computing (HPC) solutions, today announces it has purchased NVIDIA H200 GPUs through a newly established partnership with Supermicro, a global leader in Application-Optimized Total IT Solutions.

Northern Data Group’s cloud platform, Taiga Cloud will be the first Cloud Service Provider (CSP) in Europe to offer access to the H200 GPU hardware, with delivery and deployment scheduled for Q4 2024. The partnership with Supermicro for the NVIDIA H200 GPUs will further build its HPC solutions and complement its existing offering of best-in-class GenAI technologies.
This purchase of the H200 GPUs demonstrates Northern Data Group’s commitment to offering the best-in-class technology to its customers, as it continues to expand its cloud solutions offering, while also maintaining its position as Europe’s first and largest dedicated Generative AI Cloud Service Provider.
The first full island of over 2,000 NVIDIA H200 GPUs utilizing BlueField-3 data processing units (DPUs) and NVIDIA Mellanox CX7 NICs, to deliver 32 petaFLOPS of performance. The configuration of NVIDIA-referenced architecture allows customers to access more bandwidth, faster, and more efficient data storage access. The H200 GPUs will be housed in one of Northern Data Group’s European data centers, powered by carbon-free, renewable energy and boast a Power Usage Effectiveness ratio of less than 1.2.
Aroosh Thillainathan, Founder and CEO, Northern Data Group, commented:
“Our GenAI platform is constantly evolving and we are proud to collaborate with Supermicro to be the first in Europe to offer access to NVIDIA H200 GPUs. This is testament to our commitment to continually offer industry-leading, next-generation solutions. 
“As an Elite Partner of NVIDIA, we are proud to continue to offer cutting-edge technology, deployed in line with recommended architecture references to maximize the technology.” 
Vik Malyala, President & Managing Director, EMEA; SVP, Technology & AI, Supermicro commented:
“We are excited to collaborate with Northern Data Group to expand its GenAI Cloud offering to include Supermicro GPU servers based on latest Nvidia H200 HGX GPUs.  Supermicro is fully committed to delivering most performant and energy efficient AI infrastructure and solutions, and this collaboration will accelerate availability and bring the best value for customers in Europe.”
About Northern Data Group: 
Northern Data Group (ETR: NB2) is a leading provider of High-Performance Computing (HPC) solutions to businesses and research institutions, utilizing GPU- and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy. 
About Taiga Cloud:
Taiga Cloud, a Northern Data Group platform, is Europe’s first and largest Generative AI Cloud Service Provider. We provide a flexible, secure and compliant cloud-based ultra-fast GPU Network, engineered to meet organizations’ most ambitious compute needs. Taiga Cloud recognizes that high-intensity, large-scale processing power is crucial for accelerating Generative AI models and research which will deliver a new era of technological breakthroughs. Taiga’s energy-efficient Cloud is powered by Europe’s largest cluster of NVIDIA A100 Tensor Core and H100 Tensor Core GPUs, helping enable organizations to accelerate AI and ML innovation on demand, with technology that is fully scalable.

View original content:https://www.prnewswire.co.uk/news-releases/northern-data-group-is-first-in-europe-to-acquire-nvidia-h200-gpus-302185926.html

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Dawn Health and Merck are collaborating to support Growth Disorders care

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COPENHAGEN, Denmark, July 1, 2024 /PRNewswire/ — Dawn Health, the digital health company pioneering patient-first innovation, has announced they are working with leading global pharmaceutical company, Merck, on a digital solution for Growth Hormone Disorders (GHD).

Over the next two years, they will join forces to deliver a cutting-edge, user-centric digital platform, designed to help improve the lives of tens of thousands of patients across more than 40 countries.
By harnessing the latest AI technologies, the collaboration will also involve exploring the integration of features such as growth predictions and advanced personalization into the digital product, with excitement about AI and its potential for impact on user experience, adoption, adherence, and treatment outcomes. The digital solution will provide support to children and young adults living with GHD, as well as providing tools and support to their caregivers, both at home and in a clinical setting. 
With a shared commitment to improving patient lives, the collaboration will focus on patient-centricity to deliver an intuitive, engaging product that supports users and caregivers throughout their treatment journey. This means speaking with patients to truly understand their unmet needs and how the solution can best address these, as well as hearing from caregivers and healthcare professionals about how to best empower and support those living with GHD.
The collaboration is already off to a strong start, with workshops and inspiring discussions happening between the teams at Dawn Health and Merck, as they work together to deliver a cutting-edge platform on a global scale to improve the lives of people living with Growth Hormone Disorders.
About Merck
Merck, a leading science and technology company, operates across life science, healthcare and electronics. Around 63,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2023, Merck generated sales of € 21 billion in 65 countries. Scientific exploration and responsible entrepreneurship have been key to Merck’s technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.
All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service.
About Dawn Health
Dawn Health is a global leader in digital health, specializing in the development of software as a medical device (SaMD) and digital therapeutics (DTx). Partnering with pharmaceutical companies, Dawn Health accelerates the launch of digital solutions to change the lives of people with chronic conditions.
Media Contacts
For questions about [email protected] 
For questions about Dawn HealthChristopher Kold, [email protected]
 

View original content:https://www.prnewswire.co.uk/news-releases/dawn-health-and-merck-are-collaborating-to-support-growth-disorders-care-302184356.html

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Transforming Healthcare with AI: Yidu Tech’s Gong Rujing at Summer Davos

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DALIAN, China, July 1, 2024 /PRNewswire/ — “AI in healthcare is extremely challenging. For companies, it requires not only solving scientific problems but also understanding AI technology and respecting the complexity of the healthcare industry.” At the 15th Annual Meeting of the New Champions, also known as Summer Davos, Ms. Gong Rujing (Yingying), Chairwoman and Founder of Yidu Tech, was invited as a distinguished representative of the healthcare technology sector. She shared her unique insights into the future of AI in healthcare during the thematic dialogue on “Healthcare Analytics, Not Moving Fast Enough.”

This year marks the 10th anniversary of Yidu Tech and Ms. Gong Rujing’s decade-long dedication to the healthcare industry. From the inception of her entrepreneurial journey 10 years ago, she has been driven by the mission to leverage the power of technology to deliver precise healthcare to every individual.
Ms. Gong described the past decade as a journey filled with miracles and achievements. During this period, Yidu Tech has progressively established close collaborations with key stakeholders in the healthcare industry, including government agencies, hospitals, pharmaceutical companies, insurance firms, experts, and clinicians. As of March 31, 2024, Yidu Tech’s “AI Medical Brain” YiduCore has been authorized to process and analyze over 5 billion medical records, covering more than 2,500 hospitals.
In AI-powered clinical research, Yidu Tech has supported researchers and clinicians in producing over 240 high-level papers, accelerating the application of research outcomes. Additionally, Yidu Tech provides clinical trial services to globally renowned pharmaceutical companies, helping them optimize trial processes, reduce costs, and bring new drugs to market more swiftly, ultimately benefiting patients. In healthcare management, Yidu Tech’s AI technology plays a crucial role by analyzing vast amounts of medical data to provide comprehensive decision support to healthcare administrators, helping them optimize resource allocation and improve service efficiency.
“We are now entering a new era of AI technology.” The development of large language model technologies has opened up new possibilities across various industries. Yidu Tech has independently developed a large language model specific to the medical field and is advancing its application across the entire healthcare industry chain. The goal is to promote further progress and innovation through new AI technologies. However, Ms. Gong also emphasized that the healthcare industry is professional, complex, and sensitive, and the application of new technologies must address challenges such as data security, privacy protection, and ethics.
“Data security and privacy protection are fundamental to the development of AI technology and medical big data technology. We must ensure that all stakeholders are satisfied with compliance, security, accessibility, and privacy protection.”
“AI technology still has a long way to go.” She called on policymakers, healthcare institutions, and technology companies to work together to realize the immense potential of healthcare data. Ms. Gong highlighted that building trust is key, and enhancing data operability is essential to fully unleash the power of data. “It’s not just about better data quality; it’s about a better future for health.”

View original content:https://www.prnewswire.co.uk/news-releases/transforming-healthcare-with-ai-yidu-techs-gong-rujing-at-summer-davos-302186561.html

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