The North America Surface & Field Analytics Market would witness market growth of 8.0% CAGR during the forecast period (2022-2028).
Geospatial analytics can support a variety of businesses, improve operations, and enable data-driven decision-making, they have gained widespread use, which raises the demand for surface & field analytics. Geospatial imaging analytics makes heavy use of AI, which accurately as well as swiftly completes the most difficult and important jobs. The branch of AI that makes this feasible is machine learning. In addition, geospatial artificial intelligence (GeoAI) blends AI and spatial analytics to comprehend and examine geospatial data. The GeoAI is essential for applications in the military, autonomous transportation, smart cities, and other fields.
Many software platforms, including ENVI and ArcGIS, which offer powerful LiDAR analysis tools, are merging GIS datasets with LiDAR technology. LiDAR mapping is currently utilized widely and across many different industries. Aerial techniques, sometimes known as airborne LiDAR, are used by the government and organizations and use drones, helicopters, and airplanes. The surface & field analytics industry is anticipated to rise due to the market's increased adoption of popular LiDAR technology.
People all over the world, including residents of the US, are relocating to metropolitan areas, which is driving up demand for goods and services there. Additionally, it is estimated that 34 cities worldwide will have a population of more than 10 million by 2025. Already, cities use more than two-thirds of the world's energy and other resources, the requirement of which would grow when this proportion reaches 10 million. The requirement for municipal water systems alone would be enormous, and it is predicted that urban residents will need an additional 80 billion metric tons of municipal water by 2025. Therefore, the region's demand for surface & field analytics solutions would increase.
The US market dominated the North America Surface & Field Analytics Market by Country in 2021, achieving a market value of $9,219.4 million by 2028. The Canada market is experiencing a CAGR of 10.5% during (2022 - 2028). Additionally, The Mexico market is estimated to witness a CAGR of 9.5% during (2022 - 2028).
Based on Component, the market is segmented into Software, and Services. Based on Vertical, the market is segmented into Smart Cities, Energy & Utilities, Natural Resources, Automotive & Transportation, Defense & Intelligence, Government, Insurance, and Others. Based on Organization size, the market is segmented into Large Enterprises, and SMEs. Based on Deployment Mode, the market is segmented into On-premise, and Cloud. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Surface & Field Analytics Market is Predict to reach $36 Billion by 2028, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bruker Corporation, Carl Zeiss AG, Danaher Corporation, JEOL Ltd., Nikon Corporation, Olympus Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Waters Corporation, and ULVAC-PHI, Inc. (ULVAC, Inc.)
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