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Geospatial Analytics Market to grow by USD 127.2 Billion from 2024-2028, driven by healthcare and insurance sectors, AI’s impact on trends – Technavio

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NEW YORK, Dec. 4, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global geospatial analytics market size is estimated to grow by USD 127.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.68% during the forecast period. Increasing adoption of geospatial data analytics in healthcare and insurance sectors is driving market growth, with a trend towards emerging methods in data collection and generation. However, data privacy and security concerns poses a challenge. Key market players include Alphabet Inc., Alteryx Inc., Autodesk Inc., Bentley Systems Inc., CartoDB Inc., Development Seed, Esri Global Inc., Fugro NV, General Electric Co., Geomap Co., Hexagon AB, International Business Machines Corp., L3Harris Technologies Inc., Maxar Technologies Inc., Pitney Bowes Inc., QlikTech international AB, SAP SE, TomTom NV, Topcon Positioning Systems Inc., and Trimble Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Technology (GPS, GIS, Remote sensing, and Others), End-user (BFSI, Government and utilities, Telecom, Manufacturing and automotive, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Alphabet Inc., Alteryx Inc., Autodesk Inc., Bentley Systems Inc., CartoDB Inc., Development Seed, Esri Global Inc., Fugro NV, General Electric Co., Geomap Co., Hexagon AB, International Business Machines Corp., L3Harris Technologies Inc., Maxar Technologies Inc., Pitney Bowes Inc., QlikTech international AB, SAP SE, TomTom NV, Topcon Positioning Systems Inc., and Trimble Inc.

Key Market Trends Fueling Growth

The Geospatial Analytics market is thriving, with Medium Scale Enterprises (MSEs) increasingly adopting this technology for Disaster Risk Reduction. Hexagon, DigitalGlobe, ESRI, and others lead the way, offering 4-dimensional GIS software and Big Data analysis. AI and ML are key drivers, with IoT providing real-time data. Hexagon’s Precisely and Maxar Technologies use 5G for supply chain optimization. Yale University researches AI and ML in GIS. Web-based GIS Platforms like Esri’s ArcGIS Online, Google Maps Platform, and Mapbox are popular. Lack of standardization and a skilled workforce pose challenges. Large Enterprises dominate, but MSEs and sectors like Defense & Internal Security, Retail & Logistics, Energy & Utilities, Agriculture, Healthcare & Life Sciences, Infrastructure, and others are investing. GDPR, SPDI, and geospatial data privacy are concerns. Companies like Alteryx, Fugro, Orbital Insights, Mapidea, Geospin, Sparkgeo, Descartes Lab, Skymap Global, and Geospin provide solutions. JavaScript and WebGL enable web mapping. 

The geospatial analytics market is experiencing significant advancements due to innovative data collection methods. Real-time spatiotemporal data, enabled by real-time interactive GPS/GIS and mobile capabilities, is leading to more detailed, specific, and updated GIS features. Additionally, the smallsat revolution is transforming the remote sensing industry with cost-effective satellite technologies and new space business models. These developments are enhancing the market’s efficiency and providing valuable insights for businesses. 

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Market Challenges

The geospatial analytics market is growing rapidly, with Medium Scale Enterprises (MSEs) increasingly adopting this technology for various applications, including Disaster Risk Reduction. AI and ML are key drivers, with Hexagon, DigitalGlobe, ESRI, and others leading the way in Big Data analysis. However, challenges persist, such as the lack of standardization and a skilled workforce. IoT, 5G technology, and web-based GIS platforms like JavaScript and WebGL are transforming the industry. Geospatial analytics is essential for sectors like Defense & Internal Security, Retail & Logistics, Energy & Utilities, Agriculture, Healthcare & Life Sciences, Infrastructure, and more. Companies like Precisely, Maxar Technologies, and Fugro are innovating with 4-dimensional GIS software and Disaster Response Programs. GDPR, SPDI, and geospatial data privacy are important considerations. AI, ML, and GIS tools from Orbital Insights, Maplarge, Geospin, Sparkgeo, Descartes Labs, Skymap Global, Alteryx, and others are shaping the future of this dynamic market.Organizations face significant challenges in implementing geospatial analytics due to data privacy and security concerns. With the increasing interconnectivity of devices through the Internet, critical data transfer over networks becomes essential. However, this also increases the risk of cybersecurity threats and data breaches. The IoT revolution brings together physical and virtual worlds, leading to a large-scale network of interconnected devices. Ensuring data security in such an environment is crucial. Organizations must establish a highly secured network to protect their sensitive information. Interoperability issues among multiple devices may also arise, adding to the complexity. Addressing these challenges requires a cybersecurity strategy and effective network management.

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Segment Overview 

This geospatial analytics market report extensively covers market segmentation by

Technology 1.1 GPS1.2 GIS1.3 Remote sensing1.4 OthersEnd-user 2.1 BFSI2.2 Government and utilities2.3 Telecom2.4 Manufacturing and automotive2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 GPS- The Global Geospatial Analytics Market was led by the GPS segment in 2023, and this trend is projected to continue throughout the forecast period. GPS, a satellite-based navigation system, is a key technology in Geospatial Analytics. Operated by the US Space Force, GPS provides geolocation and time information to receivers worldwide. Its applications include georeferencing, positioning, navigation, and time and frequency control. In the context of Geospatial Analytics, GPS functions as a crucial data input for GIS, enabling precise geospatial data location and collection in the field. Consequently, the demand for GPS technology is anticipated to drive the growth of the Global Geospatial Analytics Market during the forecast period.

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Research Analysis

The Geospatial Analytics Market is experiencing significant growth due to the increasing demand for location intelligence in various industries, particularly Medium Scale Enterprises (MSEs). Disaster Risk Reduction is a major application area, where real-time geospatial analytics can save lives and minimize damage. AI and ML technologies are revolutionizing geospatial analytics by enabling advanced data processing and pattern recognition. IoT sensors generate vast amounts of geospatial data, requiring Big Data analysis tools to extract valuable insights. Hexagon, Luciad V2019, DigitalGlobe, and Pitney Bowes are leading providers of geospatial analytics solutions. AI and ML algorithms, powered by 5G technology, are enhancing the capabilities of web-based GIS Platforms. JavaScript and HTML5 are popular programming languages for developing geospatial applications. Supply chain optimization is another key application area, leveraging geospatial analytics to improve efficiency and reduce costs.

Market Research Overview

The Geospatial Analytics Market is experiencing significant growth due to the increasing demand for location intelligence in various industries. Medium Scale Enterprises (MSEs) are leveraging geospatial analytics for Disaster Risk Reduction, Supply Chain Optimization, and Infrastructure Planning. Advanced technologies like AI and ML, IoT, and 5G are revolutionizing the market by enabling real-time data processing and analysis. Hexagon, DigitalGlobe, ESRI, and other key players offer 4-dimensional GIS software for 3D visualization and analysis. Yale University and other research institutions are exploring the use of Artificial Intelligence and Machine Learning in Geospatial Analytics. Web-based GIS Platforms like Esri’s ArcGIS Online, Google Maps Platform, and Mapbox are making geospatial analytics more accessible. However, challenges like Lack of Standardization, Skilled Workforce, and GDPR compliance persist. Industries like Defense & Internal Security, Retail & Logistics, Energy & Utilities, Agriculture, Healthcare & Life Sciences, and Infrastructure are major consumers of Geospatial Analytics. SPDI, Precisely, Maxar Technologies, Maplarge, Fugro, Orbital Insights, Mapidea, Geospin, Sparkgeo, Descartes Lab, Skymap Global, and Alteryx are some of the prominent players in the market. JavaScript and WebGL are popular programming languages for building geospatial applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyGPSGISRemote SensingOthersEnd-userBFSIGovernment And UtilitiesTelecomManufacturing And AutomotiveOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

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New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

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SOURCE 11:11 Systems

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Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz

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NEW YORK, July 21, 2026 /PRNewswire/ — Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.

At Crowell, Diaz will counsel banks, fintechs, and digital assets companies on a broad range of bank regulatory matters, including charters and licensing, permissible activities, capital requirements, regulatory enforcement, M&A, and corporate governance. She will also counsel clients navigating the intersection of traditional banking and emerging financial services, including digital assets companies seeking to acquire or establish national banks, and banks exploring partnerships with fintechs and digital assets firms.

At UBS, Diaz advised on the firm’s most pressing regulatory matters, including most recently UBS Bank USA’s charter conversion from a Utah industrial bank to an OCC national bank and key compliance remediations. This work gave Diaz extensive experience navigating relationships with state and federal financial regulators. Earlier in her career, Diaz spent eight years at Davis Polk & Wardwell advising U.S. and foreign banks on bank regulatory matters, M&A, and capital markets transactions.

“Cristina is a highly experienced, solution-oriented attorney who brings deep knowledge in the bank regulatory space. She will be an enormous asset to the firm’s growing regulatory and transactional offerings to banks, digital assets businesses, and fintechs,” said Carlton Greene, Co-Chair of Crowell’s Financial Services Group.

“I am delighted to join Crowell & Moring and integrate my bank regulatory experience with the firm’s nationally-recognized digital assets practice. As traditional banking and emerging financial technologies continue to evolve, clients need actionable and sophisticated legal counsel. Crowell offers the collaborative platform to help institutions successfully execute their growth and compliance strategies,” said Diaz.

Diaz received her J.D. from New York University School of Law, where she was a member of the New York University Law Review, and received her B.A., summa cum laude, from New York University. She is fluent in Spanish.

About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact:
Email: prteam@crowell.com

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Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

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The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

[1] As of December 31, 2025.

SOURCE Quantinuum

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