SOC as a Service Market size was valued at US$ 607.1 Mn. in 2021 and the total revenue is expected to grow at a CAGR of 28.9% through 2022 to 2029, reaching nearly US$ 4626.9 Mn.
Market Overview
The report covers the SOC as a Service Market’s most recent revenue and market trends. It provides a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the SOC as a Service Market , such as gross margin, cost, market share, capacity utilization, and supply. It also aids in determining the future potential of the SOC as a Service Market in the next few years during the forecast period. The report provides a market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the market and comprehending the industry’s backdrop.
Market Scope
The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current SOC as a Service Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this SOC as a Service Market research report. For the competitive analysis, the report includes the profile of the key market players in the SOC as a Service Market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.
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Segmentation
The global market for geospatial analytics is divided into several categories, including type, component, solution, services, technology, deployment mode, vertical, and application.
In 2021, the solution segment led the geospatial analytics market globally.
The solution segment, with a market share of almost 67.89% in 2021, had the highest component share. Organisations are using tools like geocoding and reverse geocoding, data integration and ETL, reporting and visualisation, thematic mapping, and spatial analysis to study and put into practise critical business environment change initiatives.
In terms of solutions, the geocoding and reverse geocoding market is anticipated to expand at the highest CAGR of 12.5% between 2022 and 2029 as a result of expanding satellite programmes and quickening urbanisation.
During the period 2022-2029, the surveying segment is anticipated to expand at the highest CAGR of around 13.24%.
According to application, the surveying sector is anticipated to hold the greatest market share in 2021. The rapid uptake of geospatial analytics technology for surveying applications across a number of industries, including oil & gas, forestry, security & defence, agriculture, transportation, and construction, is credited with this increase.Because of advantages including simple subscription models, pay-per-use, high-end data security, and web-based models, the cloud segment is anticipated to see the biggest growth rate over the forecast period, according to the deployment model. For many applications, cloud-based deployments offer analytical and visualisation capabilities. Scalability, adaptability, and painless updates are projected to also contribute to the segment’s quick expansion.
Key Players
• ESRI
• Alteryx
• Bentley Systems
• CARTO
• Descartes Labs
• Fugro
• GeneralElectric
• Geospin
• Google
• Hexagon AB
• Mapidea
• MapLarge
• Maxar Technologies
• Oracle
• Orbica
• Orbital Insight
• Precisely
• RemOT Technologies
• RMSI
• SAP
• Ubimo
• Skymap Global
• Sparkgeo
• TomTom
• Trimble
Regional Analysis
Region dominated the SOC as a Service Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the SOC as a Service Market growth in the region. The SOC as a Service Market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
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Key Questions answered in the SOC as a Service Market Report are:
- What is SOC as a Service Market ?
- What is the forecast period of the SOC as a Service Market ?
- What is the competitive scenario of the SOC as a Service Market ?
- Which region held the largest market share in the SOC as a Service Market ?
- What are the opportunities for the SOC as a Service Market ?
- What factors are affecting the SOC as a Service Market growth?
- Who are the key players of the SOC as a Service Market ?
- Which company held the largest share in the SOC as a Service Market ?
- What will be the CAGR of the SOC as a Service Market during the forecast period?
- What key trends are likely to emerge in the SOC as a Service Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by SOC as a Service Market
- Landscape- Leading key players and other prominent key players.
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