Global surface and field analytics are critical in the market research sector because they allow for data-driven decision-making, the identification of market trends, and the improvement of consumer segmentation. They give important information to competitors and aid in the optimization of ROI. Businesses may successfully remain competitive, develop their goods, and respond to changing market dynamics by employing real-time data and analytics.
According to the latest research report published by DataM Intelligence, the Global Surface and Field Analytics Market was valued at US$ 19.5 billion in 2022 and is projected to reach US$ 40.8 billion by 2030. The market is expected to exhibit a CAGR of 9.7% during the forecast period (2023-2030).
A Comprehensive Market Analysis
The global surface and field analytics market is driven by various factors, such as the increasing availability of IoT devices, advancements in sensor technologies, the growing need for real-time monitoring and predictive analytics, and the desire to optimize resource utilization and operational efficiency. Industries such as agriculture, oil and gas, utilities, transportation, and environmental management are among the key sectors adopting surface and field analytics solutions.
DataM Intelligence’s report on the global surface and field analytics market provides insightful analysis of the latest trends and developments in the market. It outlines the current market dynamics and provides detailed insights into the market growth, revenue opportunities, and key players. Our report provides an accurate assessment of the market size and opportunities and explores the potential impact of the latest trends and developments.
Surface and Field Analytics Market: Market Drivers
Rising Demand for Surface and Field Analytics Software in Building Smart Cities
Cities today are anticipated to create about 80% of global GDP while covering just about 3% of the land and producing roughly 72% of total global greenhouse gas emissions. Cities have challenges in meeting environmental and sustainable energy requirements while coping with concerns such as population growth, pollution, traffic congestion, and a lack of physical and social infrastructure.
Thus, the smart city concept tries to overcome these limitations in order to deal with the complexity of urban life and implement solutions for transdisciplinary issues in cities. Given the expanding number of projects being deployed internationally, evaluating the strengths and weaknesses of smart city efforts to assess how effectively they will adapt and improve in the future. As a result, identifying and improving the right tools to correctly analyze these implementations is essential for surface and field analytics for a variety of applications.
Striengent Regulations
Almost all sectors, including oil and gas, chemicals, utilities, and environmental management, are subject to strict safety, environmental, and operating laws. These rules often mandate firms to monitor and report data on surface and field activities, such as emissions, water quality, soil conditions, and other factors.
The need for surface and field analytics has expanded owing to expanding regulations since the technology offers the essential tools and technologies to correctly gather, analyze, and report this data, assisting firms in meeting regulatory obligations.
Key Market Trends:
The surge in demand for work-from-home opportunities and sanitation trends during the pandemic era created a big need for surface analytics and remote management solutions, propelling the global surface & field analytics market trends.
During the COVID-19 pandemic, there was an increasing requirement for surface decontamination, resulting in a high need for surface and analytical instruments such as medical diagnostic solutions, communications solutions, sustainable packaging designs, and sensors and controls solutions.
To Know More Download Sample
