New York (USA):- Global Geospatial Solutions Market is valued at around USD 298.27 Million in 2021 and is expected to grow with a healthy growth rate of over 10.2% over the forecast period 2022-2028 .
Geospatial solutions or geospatial technology is a growing field that includes Geographic Information System (GIS), Remote Sensing (RS), and Global Positioning System (GPS). Geospatial technology is used to collect georeferenced data which can then be used for analysis, modeling, simulations and visualization. New emerging technologies like 3D, Augmented Reality, Virtual Reality, increased use of books and revolutionary changes via AI, cloud, IoT, have driven the adoption of geospatial solutions throughout the projected period. The creation of goods and services by the ICT sector also contributes to economic growth and development.
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For example: according to data from the United Nations Conference on Trade and Development database, exports of ICT goods (percentage of total goods exports) increased from 10,816 in 2015 to 11,536 in 2019. Additionally, the evolution of 4D Gis software is likely to drive the overall growth of the global geospatial solutions market. However, lack of qualified engineers and personnel and changing regulatory guidelines may hamper the expansion of the market during the projection period 2022-2028.
Key regions considered for the global geospatial solutions market study include Asia-Pacific, North America, Europe, Latin America and Rest of the World. North America is the first region in the world. Increasing integration of geographic technologies into mainstream technologies is driving the growth of the market in North America. While Asia-Pacific is also expected to show the highest growth rate during the forecast period 2022-2028. The market is expected to grow over the projected period, owing to the increasing utility of the geospatial system.
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The major market players included in this report are:
- Omron Company
- Tanita Company
- In the body
- RJL systems
- Seca gmbh & Co. Kg
- Evolt 360
- Selvas Health Care
- Charder Electronic Co.Ltd.
- Fook Tin Group Holding Ltd.
- Bodystat Ltd
The objective of the study is to define the market size of different segments and countries in recent years and to forecast the values to the next eight years. The report is designed to incorporate qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. Furthermore, the report also provides detailed information about the crucial aspects such as driving factors and challenges which will define the future growth of the market. Additionally, the report should also incorporate the opportunities available in the micro markets for stakeholders to invest in, along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
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Rest of the world
- Market definition and scope
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