Market Share of Canada Geospatial Analytics Industry
The Canada geospatial analytics market is moderately consolidated with the presence of several players like Harris Corporation,Bentley Systems, Inc., General Electric, ESRI inc. etc. The companies continuously invest in strategic partnerships and product developments to gain substantial market share. Some of the recent developments in the market are:
- In December 2022, Carl Data Solutions, a player in predictive analytics for environmental monitoring as a service (EMaaS) and smart city applications driven by compliance, has signed a strategic partnership agreement with K2 Geospatial, a Montreal-based company. Over 350 cities and municipalities, seaports, airports, road authorities, and utilities across North America and Europe are among the 500 organizations using K2 Geospatial. JMap, a spatial analysis mapping integration platform made to connect silos in a fully integrated IT ecosystem, is used by K2 users.
- In September 2022, CAPE Analytics, a provider of AI-powered geospatial property intelligence, has partnered with weather technology firm Canopy Weather to launch a product for storm-related damage. Canopy Weather applies an application-first approach to deliver weather data products with specific, real-world business applications. Powered by machine learning, the rating indicates the likelihood of post-storm damage to roofs after severe weather. It can predict the subset of claims eligible for automated, straight-through processing with over 96% accuracy.
Canada Geospatial Analytics Market Leaders
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Harris Canada Inc
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Bentley Systems, Inc.
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General Electric
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Intermap Technologies Inc
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ESRI, Inc.
*Disclaimer: Major Players sorted in no particular order
