The surface analytics segment within the geospatial analytics industry
One can
observe that, as companies are seeking ways to increase revenues and reduce
costs, there is an interesting demand for
the integration of geospatial technologies with mainstream technologies, which
is fueling the growth of the geospatial analytics market.
For those who are unfamiliar, Surface
analytics is a process of measuring geographical data such as, the flow of
materials and water across surfaces, and evaluating sight lines and routes
across landscapes. Surface analytics solutions are expected to be adopted in
almost every industry vertical to facilitate strategic decisions.
According to Research and Markets, the geospatial analytics market is projected
to grow from USD 30.71 Billion in 2016 to USD 73.91 Billion by 2021, at a high
CAGR of 19.2% during the forecast period.