Real-Time Decision-Making: How Geospatial Analytics Powers Smart Cities

Webersnits07 Feb, 2025News

The Geospatial Analytics Market size is expected to grow significantly from a value of USD 32.97 billion to a value of USD 55.75 billion by 2029 with an increase in the compound annual growth rate (CAGR) of 11.1% during the forecast period, according to a new report by MarketsandMarkets™. The growing use of location-based services across industries, improvements in geographic information system (GIS) technologies, and rising need for real-time data visualization are propelling the Geospatial Analytics Market. Factors such as expansion of smart cities, integration of AI and IoT with geospatial data, and the growing need for disaster management and urban planning systems further drive the growth of the market.