Geospatial Market to Witness a Significant Growth with CAGR of 16.6% and Expected to Reach USD 75 Billion by 2022
Geospatial can be defined as the geographical data having locational information described in terms of coordinates, address, city or ZIP code. It is gathered through satellite, (GPS), geo tagging and remote sensing. GIS is used for mapping and analyzing geospatial data whereas remote sensing tool is used to acquire geographical data through sensors such as radars, radiometers and lidar. Hence, geospatial analytics products combine geographic data and business data to achieve information to help business decisions such as logistics and...
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