Geospatial Market Landscape – Q4 2018
The geospatial services & technology market has undertaken a dramatic evolution – from a foundational cornerstone industry to a cutting edge frontier market. The geospatial market, one that originally catered to cartographers and engineers, as well as government and defense, has now found relevance in almost all industries. Zooming in on M&A activity in the geospatial market over the past two years, one can see that the market has evolved from map-making to as far as AI-enabled insurance claims backed by satellite imagery. Commercial users of geospatial data have found vast applications and use cases for static and dynamic location-referenced information. This shift is largely attributed to the technological advancements we’ve seen around data capture, processing, and analytics. Given the proliferation of technological advancements and geospatial data use cases, this report focuses on two broad categories to simplify the interpretation of this market – Geospatial Services and Technology.