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Geospatial Analytics Market to grow by USD 127.2 Billion from 2024-2028, driven by healthcare and insurance sectors, AI’s impact on trends – Technavio

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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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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Technology (GPS, GIS, Remote sensing, and Others), End-user (BFSI, Government and utilities, Telecom, Manufacturing and automotive, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

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.

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TESSAN Showcased New Charging Products at CES 2025, Enhancing Its Role in Modern Life and Travel

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LAS VEGAS, Jan. 11, 2025 /PRNewswire/ — At CES 2025, TESSAN showcased its relentless pursuit of technological innovation and enhanced user experience, engaging with a diverse audience to reinforce its commitment to being a dependable companion in users’ lives and travels. The event was a vibrant platform for interaction, where TESSAN not only presented its latest advancements but also connected with media, social influencers, and attendees through various engaging activities.

The exhibition garnered substantial media attention, with TESSAN being interviewed by various outlets. In acknowledgment of its innovative contributions, TESSAN received an award from SlashGear, a leading technology media platform known for its in-depth reviews and news on tech, cars, gaming, and science since 2005. The event’s excitement was further amplified by social media influencers, who explored the exhibition and shared their experiences with their followers, significantly enhancing the reach and impact of TESSAN’s innovations.

A highlight of the event was the interactive “What’s Your Next Journey?” activity, which invited attendees to participate for a chance to win an exclusive poster of the American singer-songwriter Rachael Yamagata, who recently partnered with TESSAN to inspire travelers.

Central to the exhibition were TESSAN’s latest products that underscored the brand’s commitment to innovation and user-centric design. The Travel Adapters, with its lightweight, compact, and multifunctional design, was a standout. Designed for global use, it caters to frequent travelers, ensuring seamless connectivity across different countries. The 140W Universal Travel Adapter, in particular, captured significant attention as an essential tool for global connectivity.

The Charging Station was another focal point, offering multi-device charging capabilities, rapid charging technology, and safety features. Suitable for both home and office environments, it meets the needs of users with multiple devices. The 100W Charging Station, a 9-in-1 powerhouse, exemplifies this by charging multiple gadgets simultaneously at lightning speed, appealing to busy individuals and tech enthusiasts alike.

Additionally, the Smart EV Charger demonstrated TESSAN’s commitment to sustainable and efficient solutions. Compatible with various electric vehicle models, it provides a convenient and eco-friendly charging option for EV users.

TESSAN’s diverse product range embodies the brand’s vision and core values, aiming to be a reliable companion in both daily life and travel. By prioritizing simplicity and convenience, TESSAN designs products that eliminate complexity and meet modern efficiency needs. Innovation is key, with advanced technologies like GaN (Gallium Nitride) enhancing performance and compatibility. Sustainability is also central to TESSAN’s mission, as demonstrated by eco-friendly practices and partnerships with ClimatePartner and One Tree Planted. Notably, TESSAN has launched an initiative to plant 10,000 trees across the U.S. and beyond, reinforcing its commitment to environmental sustainability and climate action.

Beyond product innovation, TESSAN enhances its impact through strategic collaborations. A notable partnership with globe-acclaimed photographer and adventurer Mattias Klum underscores the brand’s reliability. Additionally, TESSAN has teamed up with Rachael Yamagata to launch a global initiative aimed at uncovering travelers’ stories and inspiring exploration of the unknown.

As TESSAN continues to innovate and expand its product offerings, it remains dedicated to meeting the evolving needs of users worldwide. The brand invites everyone to join in its journey of exploration and discovery, promising more high-quality products that enhance connectivity and enrich lives.

About TESSAN

TESSAN, a trusted partner in charging solutions, is committed to enriching experiences both at home and during travel. The brand offers a wide array of products, including multifunctional power strips, travel adapters, wall extenders, and smart home devices. Supported by a robust R&D and production team, TESSAN develops innovative socket products for users across the globe. With the trust of over 20 million users, TESSAN empowers their journeys from home to every destination, promoting environmentally conscious electricity usage.

For more information, visit www.tessan.com or the TESSAN Amazon store, and follow TESSAN on Facebook, Instagram, and YouTube.

CONTACT: Derien Lin, derien@tessan.com

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SOURCE TESSAN

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Docking Drawer to Revolutionize Appliance Garage Safety at KBIS 2025

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Docking Drawer, the leader in in-drawer outlet solutions, is set to showcase its newly configured Safety Interlock Outlets for appliance garages at the Kitchen & Bath Industry Show (KBIS) in Las Vegas this February 2025.

SAN RAMON, Calif., Jan. 11, 2025 /PRNewswire-PRWeb/ — Docking Drawer’s Unwavering Dedication to Safety

“At Docking Drawer, we’re not just creating products; we’re setting new standards for safety and functionality.”

When it comes to safety, no one in the industry matches the focus and innovation of Docking Drawer. Their Safety Interlock Outlets for appliance garages bring a unique, forward-thinking solution to an often-overlooked area in kitchen design. These safety outlets automatically de-energize an appliance garage power source when the cabinet door is closed, ensuring that appliances are safely powered off when contained inside the cabinet.

Docking Drawer is also the only company dedicated to creating in-cabinet electrical solutions that meet the strict code requirements of the Canadian marketplace. Their Safety Interlock Outlets are designed to make in-cabinet electricity compliant in Canada while offering consumers in all regions an additional layer of safety for in-cabinet power.

Advanced Limit Switch Technology

Docking Drawer’s Safety Interlock Outlets for appliance garages utilize an advanced Limit Switch system, designed to work seamlessly with power outlets concealed by a cabinet door. This intuitive feature detects when the cabinet door is closed, instantly cutting power to the connected outlet and all powered appliances.

Now Compatible with Any Appliance Garage Door

An updated Limit Switch feature now offers different switch options to accommodate all appliance garage door types, including traditional cabinet doors, pocket door setups, and more. The newly designed Limit Switch now offers two functions to choose from:

Power Off When Limit Switch is Depressed: This state is ideal for traditional cabinet doors, where closing the door depresses the switch to cut power safely.Power On When Limit Switch is Depressed: This state is perfect for pocket doors, where the door being pushed back upon opening activates the switch, turning the power on.

Customizable Connectivity

The flexibility of Docking Drawer’s solutions also allows for connecting multiple limit switches to a single safety outlet or vice versa, offering customization options to adapt to the unique demands of any project.

“At Docking Drawer, we’re not just creating products; we’re setting new standards for safety and functionality,” states Scott Dickey, founder of Docking Drawer. “Our Safety Interlock Outlets represent the culmination of our dedication to innovation and empowering homeowners and professionals with safer, more organized spaces—even beyond the kitchen and bathroom.”

Join Us at KBIS 2025

Don’t miss the opportunity to experience the future of kitchen safety. Visit Docking Drawer at KBIS 2025 in Las Vegas this February to see firsthand how their Safety Interlock Outlets are revolutionizing appliance garage safety.

About Docking Drawer:

Founded in 2014, Docking Drawer offers a full array of ETL Listed electrical solutions. From our core in-drawer outlets developed specifically for use inside the drawer to our family of safety interlock outlets which add peace of mind to in-cabinet electrical setups, our products are designed to create more organized, functional and safer spaces.

Media Contact

Paul Hostelley, Docking Drawer, 1 530-362-5055, paul@dockingdrawer.com, dockingdrawer.com

View original content:https://www.prweb.com/releases/docking-drawer-to-revolutionize-appliance-garage-safety-at-kbis-2025-302347293.html

SOURCE Docking Drawer

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More than 85 Governments to Gather in Riyadh to Lead Global Action on Minerals at Fourth Future Minerals Forum

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RIYADH, Saudi Arabia, Jan. 11, 2025 /PRNewswire/ — Over 85 governments from key mineral-producing and consumer nations, including 16 countries from the leading G20 economies, and 50 ministers and 13 vice ministers – have confirmed they will join the 2025 FMF Ministerial Roundtable on January 14, 2025.

The Ministerial Roundtable, a multi-stakeholder, government-led initiative, is the traditional opener of FMF, spurring international action to increase investment in mineral supply and build capacity in the Super Region of Africa, Western and Central Asia, and other supply regions. It is set to be the largest and most senior gathering of mineral resources officials in the world

Discussion will cover progress made over the past year on the three Ministerial Roundtable initiatives:

Development of an International Critical Minerals FrameworkEstablishment of Centers of Excellence to build capacity in sustainability (Morocco), talent development (South Africa), and technology innovation (Saudi Arabia).Advancements in Certification Systems to ensure responsible mineral sourcing.

His Excellency Khalid Al-Mudaifer, the Vice-Minister for Mining Affairs of Saudi Arabia’s Ministry of Industry and Mineral Resources, emphasizes that, “The meeting is an important step towards achieving sustainable development in the minerals sector globally. It is an ideal platform for delivering solutions, developing legislation on best practices in the field of sustainable mining, and exploring ways to invest in mining projects to achieve economic and social development in producing countries.”

Joining him are high-profile leaders, including ministers from supplier and financing like Brazil, South Africa, DRC, India, Egypt, Italy, Nigeria, Qatar, Pakistan, Kazakhstan, Uzbekistan, Malaysia, Thailand, Morocco, Indonesia, France, USA and the United Kingdom, discussing opportunities for global cooperation.

 “This year, discussions will seek to enhance collaboration between governments, industry, and communities to drive more investment in minerals, and development through value addition in supplier countries. We want to support the pressing need for sustainable mining practices, resilient supply chains, and value-driven partnerships in the minerals industry.”

Importantly, the outcomes of the Ministerial Roundtable are not confined to the event itself but form an ongoing, year-round program. Regional Coordination Groups will continue to drive the implementation of key initiatives.

“FMF is emerging as the largest global hub for minerals collaboration and action – no other platform brings together government ministers and senior industry leaders at this scale.” Al-Mudaifer concluded.

 

SOURCE Future Minerals Forum

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