NEW YORK, Dec. 4, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global geospatial analytics market size is estimated to grow by USD 127.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.68% during the forecast period. Increasing adoption of geospatial data analytics in healthcare and insurance sectors is driving market growth, with a trend towards emerging methods in data collection and generation. However, data privacy and security concerns poses a challenge. Key market players include Alphabet Inc., Alteryx Inc., Autodesk Inc., Bentley Systems Inc., CartoDB Inc., Development Seed, Esri Global Inc., Fugro NV, General Electric Co., Geomap Co., Hexagon AB, International Business Machines Corp., L3Harris Technologies Inc., Maxar Technologies Inc., Pitney Bowes Inc., QlikTech international AB, SAP SE, TomTom NV, Topcon Positioning Systems Inc., and Trimble Inc..

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Key Market Trends Fueling Growth

The Geospatial Analytics market is thriving, with Medium Scale Enterprises (MSEs) increasingly adopting this technology for Disaster Risk Reduction. Hexagon, DigitalGlobe, ESRI, and others lead the way, offering 4-dimensional GIS software and Big Data analysis. AI and ML are key drivers, with IoT providing real-time data. Hexagon’s Precisely and Maxar Technologies use 5G for supply chain optimization. Yale University researches AI and ML in GIS. Web-based GIS Platforms like Esri’s ArcGIS Online, Google Maps Platform, and Mapbox are popular. Lack of standardization and a skilled workforce pose challenges. Large Enterprises dominate, but MSEs and sectors like Defense & Internal Security, Retail & Logistics, Energy & Utilities, Agriculture, Healthcare & Life Sciences, Infrastructure, and others are investing. GDPR, SPDI, and geospatial data privacy are concerns. Companies like Alteryx, Fugro, Orbital Insights, Mapidea, Geospin, Sparkgeo, Descartes Lab, Skymap Global, and Geospin provide solutions. JavaScript and WebGL enable web mapping. 

The geospatial analytics market is experiencing significant advancements due to innovative data collection methods. Real-time spatiotemporal data, enabled by real-time interactive GPS/GIS and mobile capabilities, is leading to more detailed, specific, and updated GIS features. Additionally, the smallsat revolution is transforming the remote sensing industry with cost-effective satellite technologies and new space business models. These developments are enhancing the market’s efficiency and providing valuable insights for businesses. 

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Market Challenges

The geospatial analytics market is growing rapidly, with Medium Scale Enterprises (MSEs) increasingly adopting this technology for various applications, including Disaster Risk Reduction. AI and ML are key drivers, with Hexagon, DigitalGlobe, ESRI, and others leading the way in Big Data analysis. However, challenges persist, such as the lack of standardization and a skilled workforce. IoT, 5G technology, and web-based GIS platforms like JavaScript and WebGL are transforming the industry. Geospatial analytics is essential for sectors like Defense & Internal Security, Retail & Logistics, Energy & Utilities, Agriculture, Healthcare & Life Sciences, Infrastructure, and more. Companies like Precisely, Maxar Technologies, and Fugro are innovating with 4-dimensional GIS software and Disaster Response Programs. GDPR, SPDI, and geospatial data privacy are important considerations. AI, ML, and GIS tools from Orbital Insights, Maplarge, Geospin, Sparkgeo, Descartes Labs, Skymap Global, Alteryx, and others are shaping the future of this dynamic market.Organizations face significant challenges in implementing geospatial analytics due to data privacy and security concerns. With the increasing interconnectivity of devices through the Internet, critical data transfer over networks becomes essential. However, this also increases the risk of cybersecurity threats and data breaches. The IoT revolution brings together physical and virtual worlds, leading to a large-scale network of interconnected devices. Ensuring data security in such an environment is crucial. Organizations must establish a highly secured network to protect their sensitive information. Interoperability issues among multiple devices may also arise, adding to the complexity. Addressing these challenges requires a cybersecurity strategy and effective network management.

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Segment Overview 

This geospatial analytics market report extensively covers market segmentation by

Technology 1.1 GPS1.2 GIS1.3 Remote sensing1.4 OthersEnd-user 2.1 BFSI2.2 Government and utilities2.3 Telecom2.4 Manufacturing and automotive2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 GPS- The Global Geospatial Analytics Market was led by the GPS segment in 2023, and this trend is projected to continue throughout the forecast period. GPS, a satellite-based navigation system, is a key technology in Geospatial Analytics. Operated by the US Space Force, GPS provides geolocation and time information to receivers worldwide. Its applications include georeferencing, positioning, navigation, and time and frequency control. In the context of Geospatial Analytics, GPS functions as a crucial data input for GIS, enabling precise geospatial data location and collection in the field. Consequently, the demand for GPS technology is anticipated to drive the growth of the Global Geospatial Analytics Market during the forecast period.

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Research Analysis

The Geospatial Analytics Market is experiencing significant growth due to the increasing demand for location intelligence in various industries, particularly Medium Scale Enterprises (MSEs). Disaster Risk Reduction is a major application area, where real-time geospatial analytics can save lives and minimize damage. AI and ML technologies are revolutionizing geospatial analytics by enabling advanced data processing and pattern recognition. IoT sensors generate vast amounts of geospatial data, requiring Big Data analysis tools to extract valuable insights. Hexagon, Luciad V2019, DigitalGlobe, and Pitney Bowes are leading providers of geospatial analytics solutions. AI and ML algorithms, powered by 5G technology, are enhancing the capabilities of web-based GIS Platforms. JavaScript and HTML5 are popular programming languages for developing geospatial applications. Supply chain optimization is another key application area, leveraging geospatial analytics to improve efficiency and reduce costs.

Market Research Overview

The Geospatial Analytics Market is experiencing significant growth due to the increasing demand for location intelligence in various industries. Medium Scale Enterprises (MSEs) are leveraging geospatial analytics for Disaster Risk Reduction, Supply Chain Optimization, and Infrastructure Planning. Advanced technologies like AI and ML, IoT, and 5G are revolutionizing the market by enabling real-time data processing and analysis. Hexagon, DigitalGlobe, ESRI, and other key players offer 4-dimensional GIS software for 3D visualization and analysis. Yale University and other research institutions are exploring the use of Artificial Intelligence and Machine Learning in Geospatial Analytics. Web-based GIS Platforms like Esri’s ArcGIS Online, Google Maps Platform, and Mapbox are making geospatial analytics more accessible. However, challenges like Lack of Standardization, Skilled Workforce, and GDPR compliance persist. Industries like Defense & Internal Security, Retail & Logistics, Energy & Utilities, Agriculture, Healthcare & Life Sciences, and Infrastructure are major consumers of Geospatial Analytics. SPDI, Precisely, Maxar Technologies, Maplarge, Fugro, Orbital Insights, Mapidea, Geospin, Sparkgeo, Descartes Lab, Skymap Global, and Alteryx are some of the prominent players in the market. JavaScript and WebGL are popular programming languages for building geospatial applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyGPSGISRemote SensingOthersEnd-userBFSIGovernment And UtilitiesTelecomManufacturing And AutomotiveOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
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SOURCE Technavio

Among Workers Using AI, 65 Percent Are Learning on Their Own

ARLINGTON, Va., Dec. 4, 2024 /PRNewswire/ — Only twelve percent of U.S. workers are utilizing artificial intelligence (AI) on a daily basis for their jobs, while 58 percent say they never use this technology tool. A new nationwide survey of workers from Eagle Hill Consulting also finds women are substantially less likely to use AI on the job, with 67 percent of females respondents reporting they never use AI.

In terms of learning how to use AI, those who are using the tool at work largely are self-taught. Sixty-five percent of those using AI say they learned how to use AI on their own, and only 31 percent learned via workplace training.

These findings come as the use of generative AI continues to surge, with mounting evidence that AI boots organizational and employee performance and productivity. A Harvard Business School study found that AI can get knowledge work done 25 percent faster and 40 percent better, while researchers from Stanford and MIT found AI boosted worker productivity by 14 percent for customer service workers. The research also comes as workers and employers struggle with managing workplace burnout, an issue that could be alleviated by leveraging productivity-enhancing tools like AI.

“Clearly, organizations face a significant challenge in driving AI adoption and training in the workplace,” said Melissa Jezior, president and chief executive officer of Eagle Hill Consulting. “But this is not without precedent. History has shown that transformative technologies — like computers, the Internet, email, and smartphones —require time and effort to integrate fully into workplace routines.”

“Organizations are working to capitalize on the potential of AI while balancing associated risks,” Jezior continued. “Equally important is for leaders to thoughtfully bring employees along in their AI strategies, and that means building trust, seeking employee input, communicating benefits, providing education, and monitoring progress. This requires strategic long-term planning and ongoing engagement with employee feedback.”

Additional Key Findings:

Generational Differences: Millennials are the most likely to use AI at work (41% daily or weekly), followed by Gen Z (35%), Gen X (22%), and Baby Boomers (15%).
 Barriers to AI Adoption: Employees cited several factors that would make it easier to benefit from AI at work, including:Knowing what AI tools are available (35%)Ideas for using AI in their roles (32%)Understanding what is safe to input into AI tools (27%)Employer-provided training (27%)Clear company policies (23%)Learning how colleagues use AI (23%)More time to experiment with AI (22%)Job Search Considerations: Only 21% of workers say a company’s use of AI would influence their decision when considering a new job.

The findings are based upon the 2024 Eagle Hill Consulting Workplace Flexibility Survey conducted by Ipsos most recently from June 4-7, 2024. The survey included 1,453 respondents from a random sample of employees across the U.S. Respondents were polled about their views about working remotely.

Eagle Hill Consulting LLC is a woman-owned business that provides unconventional management consulting services in the areas of Strategy, Performance, Talent, and Change. The company’s expertise in delivering innovative solutions to unique challenges spans across the private, public, and nonprofit sectors. A leading authority on employee sentiment, Eagle Hill is headquartered in the Washington, D.C. metropolitan area, with employees across the U.S. and offices in Boston and Seattle. More information is available at www.eaglehillconsulting.com.

@WeAreEagleHill

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SOURCE Eagle Hill Consulting LLC

Combined technologies address the most pressing problems plaguing the food industry

BEDFORD, Mass., Dec. 4, 2024 /PRNewswire/ — Oxipital AI, a leader in AI-enabled machine vision technologies for robotic process automation and product inspection, announced today it has teamed with Stäubli Robotics.

Combining Stäubli’s hygienic robots and Oxipital AI’s inspection and picking solutions — two cutting-edge technologies — creates maximum efficiency, ensuring consistent and food-safe production without depending on human labor for profitability. 

“Stäubli Robotics is honored to become Oxipital AI’s first Preferred Partner,” said Mathias Konne, North American Business Head at Stäubli Robotics. “This milestone recognizes the previous joint efforts and existing collaboration between our two industry-leading organizations while paving the way for an even brighter and bolder future. With this official recognition, and along with our common partners, we continue to deliver robotic systems offering the highest value and technological advancements to our clients.”

“This partnership with Stäubli solidifies our joint efforts in helping manufacturers overcome some of the most difficult challenges in food processing by utilizing AI-enabled vision solutions paired with hygienic, high-speed robotic solutions,” stated Harley Green, Vice President of Strategic Accounts.

Oxipital AI will demonstrate its Visual AI solutions to the poultry and protein industry in January 2025 at the International Production and Processing Expo in booth B49033.

About Oxipital AI 
Oxipital AI is a leader in AI-enabled machine vision technologies for robotic process automation and product inspection in critical industries such as food processing, agriculture, and consumer goods production. The company’s mission is to deliver actionable insights through deep object understanding to customers as they embrace Industry 5.0 and unlock previously unachievable levels of resiliency, efficiency, and sustainability in their manufacturing operations. More information can be found at www.oxipitalai.com.

About Stäubli Robotics
Stäubli Robotics’ unique product portfolio contains 4 and 6 axis industrial robots, cobots, mobile robotics, and Automated Guided Vehicles. The powerful, high precision solutions allow clients in many demanding industries to tackle the challenges of Industry 4.0 under specific manufacturing conditions. More information can be found at www.staubli.com/us/en/robotics/industries.html

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SOURCE Oxipital AI