India Geospatial Analytics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.38 Billion |
| Market Size (2029) | USD 2.70 Billion |
| CAGR (2024 - 2029) | 14.82 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Geospatial Analytics Market Analysis
The India Geospatial Analytics Market size is estimated at USD 1.38 billion in 2024, and is expected to reach USD 2.70 billion by 2029, growing at a CAGR of 14.82% during the forecast period (2024-2029).
- India is experiencing a growing demand for geospatial analytics, driven by various factors, including advancements in technology, increasing availability of geospatial data, and the recognition of its value across multiple sectors. Geospatial analytics refers to the analysis of data with a geographic or spatial component, allowing for better understanding, visualization, and decision-making.
- Indian ecosystem is continuously growing in geospatial, with the Survey of India (SoI), Remote Sensing Application Centres (RSACs), the National Informatics Centre (NIC), and the Indian Space Research Organisation (ISRO), Apart from these agencies, most of the departments, in general have started using geospatial technology.
- The government of India is continuously increasing its investments to reform its policy. In December 2022, The Ministry of Science and Technology announced the National Geospatial Policy, with an aim to promote the geospatial data industry of the country and develop a national framework to use such data for improving citizen services and more.
- Moreover, agriculture is a significant sector in India, and geospatial analytics helps farmers and policymakers make informed decisions. By analyzing factors such as soil quality, weather patterns, crop health, and water availability, geospatial analytics can optimize farming practices, improve crop yields, and mitigate risks.
India Geospatial Analytics Market Trends
Increasing Demand of Location Based Service
- India has witnessed a significant increase in the demand for location-based services in recent years, driven by the growing penetration of smartphones, improved internet connectivity, and the increasing adoption of digital services. Geospatial analytics plays a crucial role in meeting this demand and enhancing the effectiveness of location-based services in India.
- Geospatial analytics provides accurate and up-to-date mapping and navigation services. Companies providing map services leverage geospatial data to offer real-time traffic updates, turn-by-turn navigation, and route optimization, helping users navigate through India's often congested roads more efficiently.
- For instance, in 2022, google launched street view services across 10 cities in India with the partnership of two Indian companies. Google Maps has announced that Street View will be available with new imagery licensed from local partners covering more than 1,50,000 km in ten cities in India, which includes Chennai, Bengaluru, Hyderabad, Mumbai, Pune, Delhi, Nashik, Vadodara, Amritsar and Ahmednagar.
- Moreover, with the increasing e-commerce and online food delivery services in India, geospatial analytics aids in optimizing logistics and ensuring timely deliveries. Many companies such as Dominos, Swiggy, Zomato and other food delivery companies are using maps for their last-mile delivery as the map creates polygon representations of the location where the product needs to be delivered. It enables businesses to analyze location data, identify demand patterns, and optimize delivery routes, resulting in improved efficiency and customer satisfaction.
- The increasing demand for location-based services in India is being met with the help of geospatial analytics. It empowers businesses, government agencies, and individuals to make data-driven decisions, optimize operations, and deliver services more effectively, resulting in improved efficiency, better resource allocation, and enhanced user experiences has a context menu.
Increasing Use of Geospatial Analytics by Indian Government
- The Indian government has recognized the importance of geospatial analytics and has shown an increasing demand for its applications across various sectors. For instance, in 2022, The Ministry of Rural Development started using Geographic Information System (GIS) for the betterment of planning and implementation of road construction under urban planning and government projects. It is being used for Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and Pradhan Mantri Gram Sadak Yojana (PMGSY) in India.
- Also, Geospatial analytics assists in India's urban planning and infrastructure development initiatives. By analyzing geospatial data, urban planners can identify areas that require infrastructure development, plan transportation networks, and optimize resource allocation for utilities such as water supply and electricity.
- For instance, the Government of India has started using geospatial analytics, which is implemented in its flagship development schemes supporting economic growth and sustainable development. One of the flagship schemes is The SVAMITVA (Survey of Village Abadi and Mapping with Improvised Technology in Village Areas). This scheme uses geospatial data for establishing clear ownership of property in rural areas by mapping land parcels.
- Moreover, It provides valuable insights for evidence-based governance and policy-making. It enables the government to analyze data on demographics, healthcare facilities, education, and other socio-economic factors to identify areas that require targeted interventions. Geospatial analytics helps in formulating policies, monitoring their impact, and ensuring effective implementation.
India Geospatial Analytics Industry Overview
The India geospatial analytics market is moderately consolidated, with the presence of major players like Esri India, Precisely, Alphabet Inc., Cybertech Systems And Software Ltd., Saar It Resources Pvt., General Electric, Maxar Technologies, Edgemap Softwares Private Limited. Css Corp., and Matrix Geo Solutions Pvt. Ltd., Players in the market, are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In May 2023, Google announced that the company had launched Geospatial Creator, which empowers individuals to swiftly create, visualize, and share immersive and augmented reality (AR) content using Unity and Adobe Aero.
India Geospatial Analytics Market Leaders
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Esri India
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Precisely
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Saar It Resources Pvt.
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General Electric
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Google LLC
*Disclaimer: Major Players sorted in no particular order
India Geospatial Analytics Market News
- January 2023: Eris India, a company providing Geographic Information System (GIS) software and solutions, announced that the company is developing a policy map to offer data to help states and policymakers in decision-making. The Policy Maps have been designed to provide meaningful insights into various government functions.
- July 2022: Google announced a new partnership in India with local authorities and organizations in order to provide customized features for the diverse needs of the people in the country. Also, Google is building helpful maps that provide more visual and accurate navigation.
India Geospatial Analytics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand of Location Based Service
5.1.2 Growing Availability of Spatial Data
5.2 Market Restraints
5.2.1 High Initial Cost in Implementing Geospatial Analytics Solutions
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Surface Analysis
6.1.2 Network Analysis
6.1.3 Geovisualization
6.2 By End-user Vertical
6.2.1 Agriculture
6.2.2 Utility and Communication
6.2.3 Defense and Intelligence
6.2.4 Government
6.2.5 Mining and Natural Resources
6.2.6 Automotive and Transportation
6.2.7 Healthcare
6.2.8 Real Estate and Construction
6.2.9 Other End-user Verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Esri India
7.1.2 Precisely
7.1.3 Google LLC
7.1.4 Cybertech Systems And Software Ltd.
7.1.5 Saar It Resources Pvt.
7.1.6 General Electric
7.1.7 Maxar Technologgies
7.1.8 Edgemap Softwares Private Limited.
7.1.9 Css Corp.
7.1.10 Matrix Geo Solutions Pvt. Ltd.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
India Geospatial Analytics Industry Segmentation
Geospatial analytics is the process of acquiring, manipulating, and displaying imagery and data from the geographic information system (GIS), such as satellite photos and GPS data. The specific identifiers of a street address and a zip code are used in geospatial data analytics. They are used to create geographic models and data visualizations for more accurate trend modeling and forecasting.
The India geospatial analytics market is segmented by type (surface analysis, network analysis, geovisualization), end user vertical (agriculture, utility and communication, defence and intelligence, government, mining and natural resources, automotive and transportation, healthcare, real estate, and construction).
The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Surface Analysis | |
| Network Analysis | |
| Geovisualization |
| By End-user Vertical | |
| Agriculture | |
| Utility and Communication | |
| Defense and Intelligence | |
| Government | |
| Mining and Natural Resources | |
| Automotive and Transportation | |
| Healthcare | |
| Real Estate and Construction | |
| Other End-user Verticals |
India Geospatial Analytics Market Research Faqs
How big is the India Geospatial Analytics Market?
The India Geospatial Analytics Market size is expected to reach USD 1.38 billion in 2024 and grow at a CAGR of 14.82% to reach USD 2.70 billion by 2029.
What is the current India Geospatial Analytics Market size?
In 2024, the India Geospatial Analytics Market size is expected to reach USD 1.38 billion.
Who are the key players in India Geospatial Analytics Market?
Esri India, Precisely, Saar It Resources Pvt., General Electric and Google LLC are the major companies operating in the India Geospatial Analytics Market.
What years does this India Geospatial Analytics Market cover, and what was the market size in 2023?
In 2023, the India Geospatial Analytics Market size was estimated at USD 1.18 billion. The report covers the India Geospatial Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Geospatial Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Geospatial Analytics Industry Report
Statistics for the 2024 India Geospatial Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Geospatial Analytics analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
