Spain Geospatial Analytics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.03 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Geospatial Analytics Market Analysis
The Spain Geospatial Analytics Market size is expected to grow from USD 0.44 billion in the current year to USD 0.68 billion in the next five years, registering a CAGR of 9.03% during the forecast period. The Spain Geospatial Analytics market is driven by the increasing demand from various end-user industries, the increasing adoption of advanced technologies in geospatial analytics solutions, and the increasing demand for geospatial analytics in urban planning.
- The geospatial analytics market in Spain is expected to witness significant traction in the coming years owing to the increasing presence of geospatial data analytics solutions market vendors coupled with the increasing adoption among various end-user industries. In addition, technology advancements such as Artificial intelligence, cloud computing, and big data have increased the demand for efficient analysis of large-scale geospatial data.
- Moreover, the increasing availability and accessibility of geospatial data in the country drive the demand for geospatial analytics solutions in various end-user industries. Organizations are moving to analyze this data for informed decision-making using geospatial analytics solutions. For instance, in Spain, there are a multitude of portals and Spatial Data Infrastructure (SDI) nodes at the state, regional, and local levels, which are centralized through the geoportal of the Spatial Data Infrastructure of Spain (IDEE).
- The region's companies also offer innovative geospatial datasets for effective geospatial analytics. For instance, Carto Data Observatory makes it simple for enterprise organizations to access thousands of always-on public & premium datasets, enhancing their Geospatial analysis with data such as demographics, POIs, human mobility, and credit card transactions. Such developments are further expected to expand the geospatial analytics market in the country over the forecast period.
- Moreover, adopting cloud-based GIS and applying advanced data analytics technologies in geographic information systems are expected to significantly impact the market growth during the forecast period. For instance, CARTO in Spain offers a cloud-native platform to advance geospatial analysis, turn location data into real business outcomes, optimize business processes, and predict future outcomes.
- The COVID-19 pandemic significantly impacted the geospatial analytics market in the country owing to the lockdowns and reduced spending among end-user industries. However, post-pandemic, the market is witnessing substantial growth, with end-user organizations adopting geospatial analytics solutions to analyze spatial data, uncover patterns, identify trends, and extract meaningful insights for various applications. Moreover, the market is further expected to expand, with vendors expected to integrate advanced technologies for efficient geospatial data analysis in the coming years.
Spain Geospatial Analytics Market Trends
Increase in Adoption of Smart City Development and Urban Planning
- The increasing adoption of smart city development and urban planning is a major driving factor of the geospatial analytics market in the country. The growing urbanization and increasing need to create sustainable cities coupled is driving the demand for geospatial analytics solutions in the country for efficient urban planning and smart city development. The geospatial analytics solutions can analyze geospatial information for sustainable urban planning, development, and management.
- Further, cities are systems of ever-evolving complexity. Smart city development requires geospatial information that's robust and constantly updated. Geospatial data points the way to improving quality of life and building sustainable communitiesSuch factor has made geospatial analytics solutions an essential tool to transform that data into actionable and meaningful insight and solutions to help urban planners. Thus, in turn, driving the demand for geospatial analytics solutions.
- Further, public sector authorities in Spain analyze the geospatial analytics solutions to leverage geospatial insights, improve efficiency, and create smarter communities. Thus, offering growth potential for geospatial analytics market vendors in the coming years. Additionally, Geospatial analytics enables urban planners to harness the power of location-based data to make informed decisions and help in effective urban planning.
- Moreover, the high degree of urbanization in the country is further driving the demand for geospatial analytics solutions applications for proper and effective urban planning. For instance, according to data from the World Bank, the degree of urbanization in Spain reached 81.3% in 2022. The degree of urbanization in the country increased from 78.9% in 2012 to 81.3% in 2022.
Agriculture Sector is Analyzed to Grow at a Significant Rate
- Geospatial analytics solutions are expected to gain substantial traction in the country's defense and intelligence sector. Geospatial data plays a vital role in matters that affect national security, as the professionals working for defense and intelligence can use geospatial data sharing to their advantage. With social media and other platforms generating vast information each second, defense and intelligence agencies can now use geospatial analytics to analyze data and gather actionable insights.
- Moreover, integrating new-age technologies in geospatial analytics solutions is further expected to expand its scope in the country's defense and intelligence sector. Geospatial analytics solutions utilize artificial intelligence (AI) and machine learning (ML) to rectify data processing and analysis issues. Integrating advanced technologies in geospatial analytics solutions allows defense agencies to gain valuable battlespace situational awareness more rapidly and precisely.
- Additionally, the growth in defense expenditure in the country, notably in infrastructure, is analyzed to create substantial growth opportunities for geospatial analytics market vendors to offer solutions to the defense and intelligence sector, enhance national security, and radically transform defense capabilities. For instance, according to NATO data, the defense expenditure in Spain was estimated to be USD 14,810 million in 2022. A significant increase from USD 12,634 million in defense expenditure in 2014.
- Further, the country is boosting the role of artificial intelligence in the defense sector through various policies and initiatives, such as National AI Strategy. This is expected to create substantial growth opportunities for market vendors to offer AI-powered geospatial analytics platforms in the country's defense sector. An AI-Powered geospatial analytics platform can simplify the geospatial data workflow by preprocessing data, cleansing the data, and applying algorithms for object detection, anomaly detection, or predictive analytics.
Spain Geospatial Analytics Industry Overview
The Spain geospatial analytics market is fragmented and highly competitive due to many local and global vendors. The market players in the region are indulging in partnership and acquisition activities and launching new innovative geospatial analytics solutions with the integration of advanced technologies such as A.I. and ML. A few major market vendors in the Spain geospatial analytics market include Hexagon AB, Telespazio, CARTO, Vexiza, Nommon Solutions and Technologies, S.L., among others.
In June 2022, Esri, the global leader in location intelligence, launched ArcGIS GeoAnalytics Engine. Through newly launched products, data scientists can perform spatial analysis wherever their data is stored-in a data warehouse, a data lake, or ArcGIS software, thus saving the time and cost of moving data out of cloud environments. The GeoAnalytics engine is a comprehensive library of spatial analytics native to Spark, a unified analytics engine for big data and machine learning.
Spain Geospatial Analytics Market Leaders
Hexagon AB
Telespazio
CARTO
Vexiza
Nommon Solutions and Technologies, S.L.
*Disclaimer: Major Players sorted in no particular order
Spain Geospatial Analytics Market News
- April 2022: Orbital Insight, one of the leaders in geospatial intelligence, announced that it partnered with Satellogic, a Spain-based leader in sub-meter resolution satellite imagery collection. The collaboration was expected to integrate Satellogic's high-frequency, high-resolution collections of satellite imagery and full-motion video into Orbital Insight's platform, deliver customers better access to high-quality data, reduce running analytics costs, and improve the revisit rate.
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 Increase in Adoption of Smart City Development and Urban Planning
5.1.2 Introduction of 5G to Boost Market Growth
5.2 Market Restraints
5.2.1 High Costs and Operational Concerns Associated with Geospatial Analytics
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 Hexagon AB
7.1.2 Telespazio
7.1.3 CARTO
7.1.4 Vexiza
7.1.5 Nommon Solutions and Technologies, S.L.
7.1.6 Esri Geospatial Solutions Spain S.L.
7.1.7 Urban Data Analytics
7.1.8 Geoblink
7.1.9 inAtlas
7.1.10 Avuxi
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Spain Geospatial Analytics Industry Segmentation
Geospatial analytics is 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 Spain 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 USD value for all the above segments.
| By Type | |
| Surface Analysis | |
| Network Analysis | |
| Geovisualization |
| By End-user Vertical | |
| Agriculture | |
| Utility and Communication | |
| Defense and Intelligence | |
| Government | |
| Mining and Natural Resources | |
| Automotive and Transportation | |
| Healthcare | |
| Real Estate and Construction | |
| Other End-user Verticals |
Frequently Asked Questions
What is the current Spain Geospatial Analytics Market size?
The Spain Geospatial Analytics Market is projected to register a CAGR of 9.03% during the forecast period (2024-2029)
Who are the key players in Spain Geospatial Analytics Market ?
Hexagon AB, Telespazio, CARTO, Vexiza and Nommon Solutions and Technologies, S.L. are the major companies operating in the Spain Geospatial Analytics Market .
What years does this Spain Geospatial Analytics Market cover?
The report covers the Spain Geospatial Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Geospatial Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Geospatial Analytics Market Industry Report
Statistics for the 2024 Spain Geospatial Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain 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.
