Geospatial Analytics Market Size, Share, Trends, Growth And Forecast Till 2027
According to a research report ?Geospatial Analytics Market by Component, Solution (Geocoding and Reverse Geocoding and Thematic Mapping and Spatial Analytics), Service, Type, Technology, Deployment Mode, Organization Size, Application, Vertical and Region ? Global Forecast to 2027? published by MarketsandMarkets,the geospatial analytics market is projected to grow from USD 67.4 billion in 2022 to USD 119.9 billion by 2027, at a CAGR of 12.2% during the forecast period. The key factors driving the growth of this market include the rise of geospatial analytics technologies and the increasing competition. GIS may be used to monitor facilities that are available and organize interventions. The mapping of demographic data aids in the monitoring of high-risk populations and vulnerable areas. The geospatial technology anticipates and analyses organizational risk regions and monitors operational capabilities to increase business continuity.
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