Israel Geospatial Analytics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.69 Billion |
| Market Size (2029) | USD 2.26 Billion |
| CAGR (2024 - 2029) | 5.93 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Israel Geospatial Analytics Market Analysis
The Israel Geospatial Analytics Market size is estimated at USD 1.69 billion in 2024, and is expected to reach USD 2.26 billion by 2029, growing at a CAGR of 5.93% during the forecast period (2024-2029).
Geospatial analysis refers to a broad range of activities that emphasize applying various techniques to data comprising geographical or space-related characteristics. Some of the key factors driving the development of the geospatial analytics market include the increasing use of GPS devices, technological advances in the field of GIS technology, recent trends in integration and convergence of geospatial technologies, the advent of new corporation models aimed at leveraging the demand for geospatial information, and increased application of geospatial analytics in city and town planning.
- There is an increasing rate of urbanization, hence, to create self-sustaining cities where a diverse set of drivers, such as quality of life, economic development, energy faculty, mobility, governance, security, living conditions, free movement, and people, are in constant flux, geospatial technology is central to providing a technological platform that forms the backbone of a city. An infrastructure for power, security, water, transportation links, drainage, and sewage supports its residential and commercial spaces. With increased spending in smart cities, geospatial solutions are witnessing increased adoption in these projects.
- In June 2023, Israel's national roads company is undertaking a large-scale, multi-year project to digitize its entire network. Surveying company Kav Medida has been awarded the contract to map the northern half of the network using advanced GIS software, UAVs, and 360° mobile mapping cameras. The resulting digitized maps will significantly improve road maintenance and monitoring accuracy and efficiency in Israel, providing detailed measurements related to lighting pole arm lengths, sign heights, traffic sign azimuth, ditch type, and cross-section depths.
- Visualizing business objects on maps is crucial for improving efficiency and decision-making in various asset-intensive industries, like energy, transportation, and the public sectors. Geospatial analysis can help organizations streamline the processing of enterprise and spatial data for greater location awareness across business processes. Approximately 80% of the enterprises have location data (even in the form of addresses or zip codes). With geospatial analysis, they can locate their consumers on a map, see who is closest to them or their competitors, and where they should put their next location.
- Implementing a new technology brings new challenges that may involve privacy-related concerns, like GIS and other mapping technologies. There have been several instances where gathering geospatial data earned the wrath of regional privacy and demographics laws. Ideally, new technologies need to be embraced and integrated into the social discourse to enable end users to gain benefits.
- However, certain governmental agencies have been very cautious about the 'democratization' of data, specifically in the case of sensitive installations. Societal responses to privacy issues that have come up because of the integration of GIS and GPS have primarily been mixed. However, there has also been an overriding sense of optimism over the benefits of geospatial data.
Israel Geospatial Analytics Market Trends
Surface Analysis is Expected to Hold Significant Share of the Market
- Surface analysis, also known as terrain analysis, focuses on studying topography-related information, such as aspect, volume, slope, hydrology, and other relevant characteristics. Surface analysis is widely used in disaster mitigation and location planning, as they effectively use esoteric mapping to determine the probability of disasters. The general surface characteristics (such as slope, aspect, and curvature) are largely used for analyzing the variations in the surface of a study object.
- For instance, the 'slope' metric is extensively used to define the areas of a region that are highly prone to landslides, whereas 'curvature' is used to determine areas prone to damage. In addition, the slope aspect can be used with geological structures to assess rock beds that may be useful for planning roads and other constructions, especially in hilly terrains. Furthermore, the 'slope' metric is extensively used to define the areas of a region that are highly prone to landslides, whereas 'curvature' is used to determine areas prone to damage.
- Furthermore, visibility analysis is conducted to identify areas during location planning, in which case, locations with expansive views are recognized as vantage points. Surface analysis is also being widely used during the construction/renovation of large sites, wherein the volume of materials required to be dumped in open areas to avert erosion is determined.
- The increasing development of smart cities across the region is one of the key factors driving the growth of the market. The increasing development of smart cities across the region is one of the key factors driving the market's growth. Further in Israel, with the aim to accelerate the adoption of technologies by all local authorities, the Local Government Economic Services Company, a subsidiary of the Federation of Local Authorities, inaugurated the Municipal Innovation Center (MIC), a central Tel Aviv hub offering smart solutions for aspiring smart cities.
- Surface analysis can be further used for ecological zoning, land suitability classification, and probability mapping and drought of agriculture. Agricultural suitability and probability of soil erosion are two examples where geospatial data may be extensively used to make the best use of the available land and limited agricultural labor. As of 2023, Israel was the country with the highest probability of agricultural drought . An agricultural drought is a period in which at least 30 percent of the crop area was in stress for more than 10 days.
- According to the Israel Central Bureau of Statistics, In 2022, the number of dwellings in municipalities in Israel amounted to over 2.6 million. This was a slight rise compared to the previous year. The number of residences in localities in this Middle Eastern country gradually increased during the observed period. Such a huge number of dwellings in the region would create an opportunity for the studied market to grow.
Utility and Communication is Expected to Hold Significant Share of the Market
- Utility and Communication is a prominent end-user industry that has adopted geospatial analytics. The segment contains mostly energy and power, and communication systems. Analytic techniques used in the sector determine energy consumption profiles of high-resolution buildings using a method that combines annual energy simulations of various city-specific prototypical assets and geospatial data from the Geographical Information System (GIS) framework.
- According to the Israel Central Bureau of Statistics, In April 2023, the Consumer Price Index (CPI) for electricity in Israel was measured at 109.4 points. This month's value slightly varied compared to the previous months of February and March, at a value of 112 points. The analysis of such data can be used to understand day-specific estimates of power consumption and natural gas within the residential and commercial sectors.
- The major advantage of the evolution of Geovisualization is the democratization of data through visual effects. It helps people understand the spatial data, and at the same time, it can be used to incorporate qualitative aspects into the existing spatial data by creating a need for the same. For example, in the case of the development of Atlanta Geovisualization, sketch-based interaction and participatory design are being used extensively to analyze data crowdsourced from the community to design sustainable solutions for the city.
- Communications companies are taking the help of geospatial analytics to determine the location of new cell phone tower installations. Geospatial data obtained from the devices is used to measure signal strength from particular towers in that location, and the range of that signal is used to understand the lack of coverage and signal strength. Various parameters, like population density, road positioning, and customer location, are considered when deciding the location of the new cell tower installation.
- Analysis of geospatial data can also help communications companies manage their assets effectively. For instance, a company can analyze geospatial data to understand the power outage vulnerability of a site in the event of a storm, thereby managing its network assets. Furthermore, the company can also understand the deployment of its service assets (such as repair crews) to determine how to position them in case maintenance is needed.
Israel Geospatial Analytics Industry Overview
The Israel geospatial analytics market is moderately consolidated with several players like Microsoft Corporation, Autodesk, Inc, Bentley Systems, Inc., Esri, Inc. (Environmental Systems Research Institute), General Electrical Company, 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 May 2023, Microsoft introduced three new functions for geospatial analysis in Azure Data Explorer, geo_point_buffer, geo_line_buffer, and geo_polygon_buffer. These functions allow users to create polygonal buffers around geospatial points, lines, or polygons, respectively, and return the resulting geometry. Users can use these functions to perform spatial operations such as intersection, containment, distance, or proximity on user geospatial data or to visualize data on maps.
In March 2023, SAP announced the SAP Datasphere solution, the next generation of its data management portfolio, which gives customers easy access to business-ready data across the data landscape. SAP also introduced strategic partnerships with industry-leading data and AI companies - Collibra NV, Confluent Inc., Databricks Inc., and DataRobot Inc. - to enrich SAP Datasphere and allow organizations to create a unified data architecture that securely combines SAP and non-SAP data.
Israel Geospatial Analytics Market Leaders
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Microsoft Corporation
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Autodesk, Inc.
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Bentley Systems, Inc.
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Esri, Inc. (Environmental Systems Research Institute)
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General Electrical Company
*Disclaimer: Major Players sorted in no particular order
Israel Geospatial Analytics Market News
- June 2023: Autodesk and Esri's partnership accelerates innovations in AEC. Autodesk's InfoWater Pro and Esri's ArcGIS Pro were integrated to make this possible, and there are many more examples of how their partnership with Esri enables BIM and GIS data to flow between respective solutions seamlessly. The result is that project stakeholders can now visualize, understand, and analyze infrastructure within its real-world context.
- February 2023: Mercedes-Benz and Google announced a long-term strategic partnership to accelerate auto innovation and create the industry's next-generation digital luxury car experience. With this partnership, Mercedes-Benz will be the first automaker to build its branded navigation experience based on new in-car data and navigation capabilities from the Google Maps Platform. This will give the luxury automaker access to Google's leading geospatial offering, including detailed information about places, real-time and predictive traffic information, automatic rerouting, and more.
Israel 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 in Demand for Location Intelligence
5.1.2 Advancements of Big Data Analytics
5.2 Market Restraints
5.2.1 High Costs and Operational Concerns
5.2.2 Concerns related to Geoprivacy and Confidential Data
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 Microsoft Corporation
7.1.2 Autodesk, Inc.
7.1.3 Bentley Systems, Inc.
7.1.4 Esri, Inc. (Environmental Systems Research Institute)
7.1.5 General Electrical Company
7.1.6 Google, Inc.
7.1.7 Harris Corporation
7.1.8 Trimble Inc.
7.1.9 Oracle Corporation
7.1.10 SAS Institute Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Israel 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 trends modeling and forecasting.
The Israel 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 |
Israel Geospatial Analytics Market Research Faqs
How big is the Israel Geospatial Analytics Market?
The Israel Geospatial Analytics Market size is expected to reach USD 1.69 billion in 2024 and grow at a CAGR of 5.93% to reach USD 2.26 billion by 2029.
What is the current Israel Geospatial Analytics Market size?
In 2024, the Israel Geospatial Analytics Market size is expected to reach USD 1.69 billion.
Who are the key players in Israel Geospatial Analytics Market?
Microsoft Corporation, Autodesk, Inc., Bentley Systems, Inc., Esri, Inc. (Environmental Systems Research Institute) and General Electrical Company are the major companies operating in the Israel Geospatial Analytics Market.
What years does this Israel Geospatial Analytics Market cover, and what was the market size in 2023?
In 2023, the Israel Geospatial Analytics Market size was estimated at USD 1.59 billion. The report covers the Israel Geospatial Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Israel Geospatial Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Israel Geospatial Analytics Industry Report
Statistics for the 2024 Israel Geospatial Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Israel Geospatial Analytics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Israel Geospatial Analytics Market Report Snapshots
