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The global Geospatial Analytics Market is expected to reach $191.61 billion by 2031, growing at a CAGR of 12.72% from 2024 to 2031. Key factors driving this growth include the increasing adoption of location-based services, growing awareness of spatial data and analytics, and rising demand for real-time location data. However, high initial costs and infrastructure requirements, limited skilled workforce, and infrastructure limitations in developing regions are hindering the market’s expansion. Future opportunities for growth include integration with A.I. and ML, climate change and environmental monitoring, and supply chain optimization.
