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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.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 – 2021) 

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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Accord Specialty Pharmacy Named Finalist in MMIT’s 11th Annual Retail Specialty Pharmacy Patient Choice Awards

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ORLANDO, Fla., April 23, 2026 /PRNewswire/ — Accord Specialty Pharmacy, an independent specialty pharmacy serving patients across multiple states, has been named a finalist in the MMIT Patient Choice Awards, a recognition based on patient-reported satisfaction and experience.

Accord was selected as the only independent pharmacy among finalists in its category, alongside national pharmacy organizations such as Walgreens Specialty Pharmacy and Walmart Specialty Pharmacy. This distinction highlights the company’s commitment to delivering personalized, high-touch care for patients managing complex and chronic conditions.

The MMIT Patient Choice Awards recognize specialty pharmacies that demonstrate excellence in patient satisfaction, service quality, and overall care experience. Finalists are determined based on direct patient feedback, making the recognition a meaningful reflection of the trust patients place in their pharmacy providers.

“Being recognized alongside national organizations and as the only independent finalist validates our belief that personalized, patient-centered care drives better outcomes. We are building a model that combines clinical depth, national reach, and operational flexibility to better serve patients, providers, and partners.” said AJ Patel, Founder and Pharmacy Manager of Accord Specialty Pharmacy.

Accord Specialty Pharmacy supports patients across complex specialty categories, including oncology, rare disease, and infusion, through a clinically driven, high-touch care model designed to improve access, adherence, and outcomes. The company’s approach emphasizes personalized support, responsive care coordination, and strong clinical engagement to help patients navigate complex therapies more effectively. With a growing national footprint and multi-state licensure, Accord is positioned to support patients, providers, and partners across diverse markets.

For more information, visit MMIT Announces Finalists of the 11th Specialty Pharmacy Patient Choice Awards – MMITNetwork.

About Accord Specialty Pharmacy:

Accord Specialty Pharmacy is an ACHC-accredited, multi-state licensed independent specialty pharmacy located in Central Florida, dedicated to delivering high-quality, patient-centered care for individuals managing complex and chronic conditions. Through personalized support, clinical expertise, and a high-touch approach, Accord helps patients navigate every step of their treatment journey. Learn more at www.accordspecialty.com.

CONTACT: contact@accordspecialty.com

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SOURCE Accord Specialty

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HAIVISION ANNOUNCES VOTING RESULTS FROM 2026 ANNUAL MEETING OF SHAREHOLDERS

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MONTRÉAL, April 23, 2026 /CNW/ – Haivision Systems Inc. (“Haivision” or the “Company”) (TSX: HAI) is pleased to announce the voting results from its annual meeting of shareholders held today in a virtual format.

A total of approximately 45.97 % of the issued and outstanding common shares of Haivision were represented at the meeting.

Election of Directors

Each of the six nominated directors of Haivision was elected as director of the Company with the following results:

Director

Votes
For

% Votes
For

Votes
Against

% Votes
Against

Miroslav Wicha

11,110,245

99.26 %

82,583

0.74 %

Harvey Bienenstock

11,155,137

99.66 %

37,691

0.34 %

Robin M. Rush

11,121,855

99.37 %

70,973

0.63 %

Neil Hindle

10,794,005

96.44 %

398,823

3.56 %

Julie Tremblay

10,941,969

97.76 %

250,859

2.24 %

Lee K. Levy II

9,084,418

81.16 %

2,108,410

18.84 %

2.   Appointment of Auditors

Deloitte LLP were reappointed auditors of the Company for the ensuing year with 12,492,582 (98.84%) votes cast in favour and 146,406 (1.16%) votes withheld.

3.   Approval of the Unallocated Awards under the Company’s Equity Incentive Plan

The Company’s unallocated awards were approved with 8,710,347 (77.82%) votes cast in favour and 2,482,481 (22.18%) votes cast against.

4.   Reapproval of Company’s Shareholder Rights Plan

The Company’s shareholder rights plan was approved with 10,572,490 (94.46%) votes cast in favour and 620,338 (5.54%) votes cast against.

Final voting results on all matters voted on at the meeting will be filed under Haivision’s profile on SEDAR+ at www.sedarplus.ca.

About Haivision

Haivision is a leading global provider of mission-critical, real-time video streaming and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. Learn more at haivision.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/haivision-announces-voting-results-from-2026-annual-meeting-of-shareholders-302752318.html

SOURCE Haivision Systems Inc.

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Noritz upgrades EZ Pro Series of tankless water heaters with larger, multi-function panel display for faster installation and servicing

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Improved, fully integrated diagnostic interface eliminates the need for a separate remote controller, providing key system status data and enhanced digital controls to ease startup, operation, and maintenance for pro installers and service techs.

FOUNTAIN VALLEY, Calif., April 23, 2026 /PRNewswire/ — Noritz America, an international leader in tankless and electric heat pump water heaters and high-efficiency combination boilers, has further enhanced its EZ Series Pro line of residential condensing tankless water heaters by expanding both the size and the functionality of the units’ built-in control panel, whose user-friendly digital interface is mounted prominently on the front exterior.

Providing upgraded monitoring and diagnostic capabilities, the multi-function panel display allows professional installers to view system status, temperature settings, service reminders, maintenance data, error codes, error history, and (if applicable) recirculation timing settings. All of this vital information is built in and readily accessible on the water heater. Besides eliminating the need for a separate, external remote controller, the panel enables guided setup during installation and faster, more effective troubleshooting.

In addition, installers and users can monitor and program the unit remotely via Bluetooth® connectivity that works alongside the panel, using the EZ Start Plus app on their smartphones. A separate external remote is optional.

“The intent of our upgrade efforts was to create a more satisfying user experience for both the professional and the consumer,” says Noritz Executive Vice President and General Manager Jason Fleming. “We focused on simplified installation, advanced diagnostics, and giving professionals and their customers easier, more responsive control of the water heater.”

Essential Features of the Multi-Function Panel

Below are the main features and capabilities of the upgraded, built-in, multi-function panel and related control system:

Digital temperature control: Professional installers and service technicians will find it easier to use the enlarged panel to set the output water temperature to 100° – 140° Fahrenheit. Temperature settings are available in increments as small as 5°F.

Key benefits: More precise temperature control for professionals and, as a result, safer, more consistent hot-water delivery for end users.

Integrated Bluetooth connectivity; no more dip switches: The EZ Start Plus app enables installers and service techs to perform system setup, adjust the temperature, run diagnostics and share this information electronically with Noritz Technical Support. Installers can even register the water heater to qualify for the accompanying warranty.

Key benefits: Simplified startups mean faster installs, minimizing the manual programming that installers previously had to perform. Smartphone-based control and troubleshooting eliminate the need for old-style manual adjustment of physical dip switches.

Improved service access: Even the physical design of the EZ Series Pro has been reengineered to work more effectively with the newly enhanced multi-function panel.

Key benefits: The latched, snap-lock front cover enables quicker access to components for easier maintenance and servicing.

Industry-Best Warranty

The upgraded EZ Series Pro continues to include three models, all with a Uniform Energy Factor of 0.98, the highest efficiency rating in the tankless water heater industry:

EZ71: input range — 12,800 to 160,000 BTU/hour; flow rate — 0.4 to 9.0 gallons per minute; turndown ratio — 12.5:1EZ98: 12,800 to 180,000 BTUh; 0.4 to 9.8 gpm; 14:1;EZ111: 12,800 to 199,900 BTUh; 0.4 to 11.1 gpm; 16:1.

All three units carry a 25-year limited warranty on their stainless steel heat exchangers, the longest such protection in the industry. Further protection includes a five-year limited parts warranty and one year for reasonable labor.

The water heaters use natural gas but are field-convertible to LP with a parts kit included with every unit. Two water heaters can be linked using Noritz’s optional Quick Connect linkage to double the hot-water flow rate.

Designed for wall-mounting indoors, the EZ Series Pro heaters can be direct-vented with two-, three-, or four-inch Schedule 40 or Schedule 80 PVC or CPVC, or two-inch or three-inch polypropylene venting. They can also be installed outdoors in milder year-round climates using an optional vent cap.

All EZ Series Pro models have received approvals from CSA, NSF5, NSF372, and are Low NOx approved by the South Coast Air Quality Management District (Rule 1146.2).

For more information on the newly upgraded Noritz EZ Series Pro, visit: https://ezseries.noritz.com/

A short product video is available at: https://youtu.be/m5iDn7sOGMc

For more information on the full line of Noritz tankless water heating products, visit www.noritz.com. You can also contact us by telephone at 866.766.7489 or by email at support@noritz.com.

For editorial assistance, contact John O’Reilly or Emma Wurzer at GreenHouse Digital PR, 15255 South 94th Avenue, Suite 500 | Orland Park, IL 60462; tel.: 708.428.6385; e-mail: john@greenhousedigitalpr.com | emma@greenhousedigitalpr.com.

Hi-res versions of photographs to accompany this press release are available for immediate download by using this link: https://noritz.greenhousedigitalpr.com/ez-series-pro-upgrades.

NORITZ AMERICA CORPORATION, a subsidiary of Noritz Japan, has corporate offices in Fountain Valley, Calif., and Atlanta, offering a full line of tankless water heaters and high-efficiency combination boilers to meet the hot water demands of residential and commercial applications. Noritz supports its products with a national network of skilled representatives and employees committed to providing our communities with the finest products and services by helping consumers live a more comfortable, efficient, and healthy lifestyle. For more information on Noritz America and the entire line of Noritz’s ENERGY STAR® tankless water heaters, please call (877) 986-6748 or visit our website at www.noritz.com.

CONTACT:
Andrew Tran
Noritz America
(714) 433-7813
atran@noritz.com

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