MARKET OUTLOOK
Triton Market Research envisions that the market for geospatial analytics would witness a compound annual growth rate of 16.84% over the forecast period 2019-2027.
The Middle East& Africa geospatial analytics market primarily includes the countries of the United Arab Emirates, Saudi Arabia, Turkey, South Africa as well as the countries in rest of the Middle East & Africa.
In the Middle East & Africa, Saudi Arabia dominated the geospatial analytics market in 2018, followed by Turkey. Also, South Africa is expected to grow at the highest CAGR during the forecast period. The Middle East & Africa geospatial analytics market is developing due to the initiatives taken by the central government of countries such as Saudi Arabia considering geospatial imaging along with the investment made the by several governments in the region.
In the UAE, GIS and RS technology were widely used, owing to the complex nature of tourism resources present in the country. The existing geographic data system data layers were used to recognize sensitive natural environments and archaeological heritage resources which may be endangered by increased urban growth. By classifying natural environment & archaeological heritage resources, the public firms as well as citizens are better equipped to conserve essential natural areas and direct the growth elsewhere from areas that are environmentally sensitive. In Saudi Arabia, IT companies depend on various data, such as social media data, text data, among others for analytical purposes. In KSA, geospatial analytics has emerged as a vital data source for the planning and implementation of projects, so as to decrease the workload, generate effective business forecasts as well as upgrade sustainable strategies.
COMPETITIVE OUTLOOK
The noteworthy players in the geospatial analytics market are Critigen LLC, Trimble Geospatial, UrtheCast Corporation, Harris Corporation, Hexagon AB (Subsidiary: Intergraph), Atkins, Google, Inc., MDA Corporation (Macdonald, Dettwiler and Associates), Autodesk, Inc., Bentley Systems, Inc., General Electrical Company, Pitney Bowes, Inc., Esri, Inc. (Environmental Systems Research Institute), EOS Data Analytics Inc., and Fugro.