France Geospatial Analytics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Geospatial Analytics Market Analysis
The French Geospatial Analytics market is valued at USD 0.64 billion in the current year. It is expected to register a CAGR of 10.40% during the forecast period to become USD 1.04 billion by the next five years.
- In recent years, the demand for geospatial analytics solutions has increased due to the rising awareness of its benefits and the emergence of new applications. Geospatial analytics helps organizations analyze and visualize spatial data, improving efficiency, optimizing resources, enhancing customer experiences, and making data-driven decisions.
- France has witnessed an increase in the development of smart cities in recent years, driving the geospatial analytics market. Solutions for geospatial analytics have evolved into a platform for the growth of smart cities. IT infrastructure for installing and managing applications and data in each stage of the development life cycle of smart cities is provided by a centralized information system based on GIS, which would offer lucrative opportunities for the market.
- Also, there has been significant growth in the agricultural sector in France. According to the Europe Federation of animal science, in 2022, France had the highest total production of more than 80.0 billion among its member states. With the company's rising agricultural sector, there has been an increasing technological advancement. The country has adopted geospatial data that helps monitor moisture levels, soil properties, and others. Also, farmers can gather real-time data to make precise decisions.
- Moreover, the geospatial analytics market in France is further driven by the requirement for weather forecasting and environmental monitoring. In the past few years, there has been a rise in the use of geospatial analytics and satellite technologies for a clear understanding of the landscape and the mapping, identification, and analysis of environmental conditions.
- During the COVID-19 pandemic, many industries experienced significant disruption due to lockdowns and restrictions. Moreover, business and government organizations in France utilized geospatial analytics to understand the spread of the virus, identify hotspots, and make informed decisions.
France Geospatial Analytics Market Trends
Increasing Adoption of 5G in France is Boosting the Market Growth
- The emergence and deployment of fifth-generation (5G) wireless technology have revolutionized the digital landscape, offering unprecedented data speeds, low latency, and enhanced connectivity. As one of the frontrunners in 5G implementation, France has witnessed a surge in technological advancements and opportunities. One such sector experiencing significant growth is geospatial analytics. Geospatial analytics leverages location-based data from various sources, such as satellites, sensors, and mobile devices, to gain valuable insights and make informed decisions.
- Looking at the growing demand for 5G for technological advancement, the government of France revealed that by 2025 it will spend around 1.7 billion Euro through public and private investments under its 5G and future telecommunications plan. Through this investment, the government aims to accelerate the development of 5G, particularly new use cases, to drive adoption and enhance the impact of the technology on other industries.
- Geospatial analytics powered by 5G provides unparalleled precision and accuracy in location-based services. With 5G's ability to handle massive amounts of data in real-time, geospatial applications can offer precise navigation, asset tracking, and geofencing services. This has led to significant advancements in various sectors, such as logistics, public safety, and healthcare.
- Moreover, in logistics, businesses can track shipments in real-time, improving supply chain management and reducing delays. Emergency services can utilize accurate geolocation data to respond faster to incidents and save lives. In the healthcare sector, 5G-enabled geospatial analytics has enhanced patient care through location-based tracking of medical assets and resources.
Growing Demand of Geospatial Analytics in Location Tracking
- Geospatial analytics in location tracking is a process that involves analyzing and interpreting data related to geographic locations. It combines geospatial data (information with a specific location component, such as latitude and longitude) with other data sources to gain valuable insights, patterns, and trends.
- The foundation of geospatial analytics in location tracking is the collection of location data through various technologies like GPS (Global Positioning System), RFID (Radio Frequency Identification), or other tracking devices. These technologies allow real-time and historical tracking of assets, vehicles, or individuals. It also combines location data with other relevant datasets, such as demographic information, weather data, traffic patterns, social media posts, and spatial databases. Integrating this diverse information can provide a more comprehensive understanding of the context and patterns related to specific locations.
- With the growing use of geospatial analytics in location tracking. Many companies are coming up with new and upgraded GPS solutions. For instance, in December 2022, LoRaWAN, a major supplement auto insurance company, announced the launch of its next-generation geolocation solution for a mobile app named Wetrak. This solution is launched to find lost or stolen cars, reducing insurance costs.
- Moreover, the French government has also started adopting these technologies to improve their law in the country. Hence, in July 2023, France's government passed a law allowing investigating and enforcement agencies to remotely activate microphones, cameras, and GPS location systems on their phones and other devices of people under surveillance.
- Also, location tracking data can be used to optimize routes for vehicles and assets, reducing travel time, fuel costs, and carbon emissions. This is particularly useful in the logistics and transportation industries. This also offers valuable location-based insights to businesses and organizations. For instance, it can help retailers identify the best locations for new stores based on customer demographics and competitor locations.
France Geospatial Analytics Industry Overview
The France geospatial analytics market is moderately consolidated, with the presence of major players like General Electric (GE), ESRI Inc., Trimble Geospatial, Nestwave SAS, Intermap Technologies, Bentley Systems, Inc., Harris Corporation, CLS Groupe, Alphageomega sas, Geomatys. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
On July 2023, Exodigo, a non-intrusive subsurface imaging platform, announced the results of its first project in France. Exodigo successfully provided more accurate underground utility maps to reduce utility strike risks for VINCI Construction, a global company in construction and the largest gas distributor in France that distributes natural gas to over 11 million customers. Through VINCI's innovation platform, Leonard, the two companies partnered to demonstrate the accuracy and potential of Exodigo's AI-based solution for identifying and mapping underground utilities. Exodigo identified 57% more utility lines than shown on existing records.
On November 2022, NextNav bought French Geolocation Company Nestwave. Nestwave SAS is a French company that provides advanced geolocation solutions to the Internet of Things modem and digital signal processor vendors and ends IoT users. The acquisition was closed for an enterprise value of USD 18.0 million, with a gross consideration value of USD 19.3 million. Once deployed, NextNav can leverage TerraPoiNT to provide timing for critical infrastructure, aviation, automotive, and other mass market applications.
France Geospatial Analytics Market Leaders
General Electric (GE)
ESRI Inc.
Trimble Geospatial
Bentley Systems, Inc
Harris Corporation
*Disclaimer: Major Players sorted in no particular order
France Geospatial Analytics Market News
- July 2023: GeoCue, a leading provider of advanced geospatial software and hardware solutions, has partnered with Escadrone, an expert in autonomous robotics integration. This partnership marks an expansion of GeoCue's presence in the European market, particularly in France, where Escadrone will offer advanced-level TrueView 3D Imaging Sensors and LP360 LiDAR Processing Software. With this partnership, Escadrone will likely provide TrueView Lidar products and LP360 software, empowering its customers to enhance their surveying and mapping capabilities.
- January 2023: the Agence Française de Développement (AFD) and the Government of Rwanda announced a new investment deal to harmonize and modernize the network infrastructure of local and central administrations to enhance the efficiency and capacity to provide digital public services. The project will support the installation of a geospatial hub, which will give centralized geospatial data infrastructure and services and advance Rwanda's drone sector. This new partnership was undertaken by AFD in 2022 as part of the European Union - African Union (EU-AU) Digital for Development Hub. This EU-funded project aims to increase collaboration in the digital field between Africa and Europe.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Advancement in Technology
5.1.2 Rising Awareness of Location Based Service
5.2 Market Restraints
5.2.1 High Initial Cost in Implementing Geospatial Analytics Solutions
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Surface Analysis
6.1.2 Network Analysis
6.1.3 Geovisualization
6.2 By End-user Vertical
6.2.1 Agriculture
6.2.2 Utility and Communication
6.2.3 Defense and Intelligence
6.2.4 Government
6.2.5 Mining and Natural Resources
6.2.6 Automotive and Transportation
6.2.7 Healthcare
6.2.8 Real Estate and Construction
6.2.9 Other End-user Verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 General Electric (GE)
7.1.2 ESRI Inc.
7.1.3 Trimble Geospatial
7.1.4 Nestwave SAS
7.1.5 Intermap Technologies
7.1.6 Bentley Systems, Inc.
7.1.7 Harris Corporation
7.1.8 CLS Groupe
7.1.9 Alphageomega sas
7.1.10 Geomatys
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
France Geospatial Analytics Industry Segmentation
Geospatial analytics is the process of acquiring, manipulating, and displaying imagery and data from the geographic information system (GIS), such as satellite photos and GPS data. The specific identifiers of a street address and a zip code are used in geospatial data analytics. They are used to create geographic models and data visualizations for more accurate trends modeling and forecasting.
The France Geospatial Analytics Market is segmented by Type (Surface Analysis, Network Analysis, Geovisualization), by End User Vertical ( Agriculture, Utility and Communication, Defence and Intelligence, Government, Mining and Natural Resources, Automotive and Transportation, Healthcare, Real Estate, and Construction). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Frequently Asked Questions
What is the current France Geospatial Analytics Market size?
The France Geospatial Analytics Market is projected to register a CAGR of 10.40% during the forecast period (2024-2029)
Who are the key players in France Geospatial Analytics Market?
General Electric (GE), ESRI Inc., Trimble Geospatial, Bentley Systems, Inc and Harris Corporation are the major companies operating in the France Geospatial Analytics Market.
What years does this France Geospatial Analytics Market cover?
The report covers the France Geospatial Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the France Geospatial Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
France Geospatial Analytics Industry Report
Statistics for the 2024 France Geospatial Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. France Geospatial Analytics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
