Italy Geospatial Analytics Market Size

Italy Geospatial Analytics Market Analysis

The Italy Geospatial Analytics Market is valued at USD 0.24 billion in the base year and is expected to grow at a CAGR of 8.17% during the forecast period to become USD 0.37 billion by the next five years. Geospatial analytics solutions can instantly process vast amounts of geographic and geometric data, allowing users to interact with billions of mapped points while looking at real-time geospatial visualizations, creating a demand for the market in the country during the forecast period.

• Geospatial analytics-based information is becoming essential in the country's priority in data-driven strategic development. These solutions can be used in providing valuable decision support in fields such as weather forecasting, early weather disasters warning, supply chain management, food production, land titling and administration, transportation network analysis, disease analysis, and battlefield monitoring, which is driving the adoption of the market in Italy.
• Urban infrastructure in the country plays a significant role in the efficiency and effective use of networks and pathways that urban occupants use daily. To keep up with the spatial needs of this infrastructure, transportation operators have been adopting Geospatial technologies to solve the challenges revolving around urban mobility and testing efficiencies of the existing transport systems, which would drive the market in the country during the forecast period.
• Additionally, Italy's digital transformation journey has been contributed by the transformation of its cities smarter. For instance, Telecommunications providers of the country have been contributing to this development with the support from the European Investment Bank as it helps to advance urban regeneration in the country, which would require geospatial analytics for real-time and historical data into operational data that improve the security, efficiency, and quality of urban systems.
• However, The lack of data standardization across the geospatial analytics market in the country creates difficulties for the market vendors by challenging their reliability. In addition, poor data quality, inconsistent data, and the processing of data quickly to give insight in real-time with minimum cost are significant challenges to market growth.
• Geospatial analytics solutions in the country have been used to help governments & healthcare professionals respond to the epidemic by providing information regarding the highly infected areas during the COVID-19 pandemic and suggesting the government prioritize the vaccine distributions in the emergency areas after the pandemic, which has fueled the market in Ital during and in the post-pandemic time.