Surface & field analytics is the examination of geospatial data using advanced techniques to predict trends and predict occurrences. Surface & field analytics solutions help in examining massive data sets using cutting-edge techniques such as machine learning and artificial intelligence, as well as other statistical analyses and algorithms. Surface & field analytics include descriptive, diagnostic, predictive, and prescriptive analytics, as well as data mining and other advanced, high-level data science methodologies.
Rise in demand for work from home and sanitation trends during the period of the COVID-19 pandemic aided propels growth of global surface analytics and remote management solutions, hence empowering demand for the overall surface & field analytics industry. However, data privacy and sharing challenges of third-party surface & field analytics platforms can hamper the surface & field analytics market forecast. On the contrary, the integration of advanced tools such as machine learning and surface analytics with surface & field analytics solutions suites is expected to offer remunerative opportunities for expansion of the surface & field analytics industry during the forecast period.
The global surface & field analytics market is segmented on the basis of offering, deployment model, enterprise size, industry vertical, and region. On the basis of offering, the industry is divided into software and service. Depending on deployment mode, the market is classified into on premise and cloud. By enterprise size, the market is bifurcated into large enterprises and SMEs.
The industry vertical covered in the study include automotive & transportation, energy & utilities, government, defense & intelligence, smart cities, insurance, natural resources, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global surface & field analytics market is dominated by key players such as Bruker Corporation, Carl Zeiss AG, Danaher Corporation, Jeol Limited, Nikon Corporation, Olympus Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., ULVAN-PHI, and Waters Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Rise in demand for work from home and sanitation trends during the period of the COVID-19 pandemic aided propels growth of global surface analytics and remote management solutions, hence empowering demand for the overall surface & field analytics industry. However, data privacy and sharing challenges of third-party surface & field analytics platforms can hamper the surface & field analytics market forecast. On the contrary, the integration of advanced tools such as machine learning and surface analytics with surface & field analytics solutions suites is expected to offer remunerative opportunities for expansion of the surface & field analytics industry during the forecast period.
The global surface & field analytics market is segmented on the basis of offering, deployment model, enterprise size, industry vertical, and region. On the basis of offering, the industry is divided into software and service. Depending on deployment mode, the market is classified into on premise and cloud. By enterprise size, the market is bifurcated into large enterprises and SMEs.
The industry vertical covered in the study include automotive & transportation, energy & utilities, government, defense & intelligence, smart cities, insurance, natural resources, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The global surface & field analytics market is dominated by key players such as Bruker Corporation, Carl Zeiss AG, Danaher Corporation, Jeol Limited, Nikon Corporation, Olympus Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., ULVAN-PHI, and Waters Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the surface & field analytics market analysis from 2021 to 2031 to identify the prevailing surface & field analytics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the surface & field analytics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global surface & field analytics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Offering
- Software
- Services
By Deployment Model
- On-premise
- Cloud
By Enterprise Size
- Large Enterprises
- SMEs
By Industry Vertical
- Automotive and Transportation
- Energy and Utilities
- Government
- Defense and Intelligence
- Smart Cities
- Insurance
- Natural Resources
- Others
By Region
- North America
- U. S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SURFACE & FIELD ANALYTICS MARKET, BY OFFERING
CHAPTER 5: SURFACE & FIELD ANALYTICS MARKET, BY DEPLOYMENT MODEL
CHAPTER 6: SURFACE & FIELD ANALYTICS MARKET, BY ENTERPRISE SIZE
CHAPTER 7: SURFACE & FIELD ANALYTICS MARKET, BY INDUSTRY VERTICAL
CHAPTER 8: SURFACE & FIELD ANALYTICS MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
Executive Summary
According to this report, titled, 'Surface & Field Analytics Market,' the surface & field analytics market was valued at $20.4 billion in 2021, and is estimated to reach $49.9 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.Surface analysis helps in the optimization of a new product, ensure packaging stability, and assess quality of an existing manufacturing process. Moreover, with smart infrastructure and development rolling out in both developed and developing economies, the process of surface examination and interpolation has been experiencing a hard hit, thus to measure the surface qualities in terms of magnitude, height, many organizations and government sectors are adopting surface & field analytics, which propels growth of the market.
Furthermore, key factors that drive growth of the surface & field analytics market include growing demand for work from home and sanitation trends during the COVID-19 pandemic. However, data privacy and sharing challenges of third-party surface & field analytics platforms can hamper the surface & field analytics market forecast. On the contrary, integration of advanced tools such as machine learning and surface analytics with surface & field analytics solutions suites is expected to offer remunerative opportunities for expansion of the surface & field analytics industry during the forecast period.
On the basis of enterprise size, the large enterprise segment dominated the overall surface & field analytics market in 2021 and is expected to continue this trend during the forecast period. This is attributed to the complex data and mapping requirements of large enterprises. However, the SMEs segment is expected to witness the highest growth owing to growing technological advancement of SMEs, which is expected to further fuel the growth of the global surface & field analytics industry.
Region wise, the surface & field analytics market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to its highly advanced technology sector which is expected to drive the market for surface & field analytics within the region during the forecast period. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to its growing digital capabilities and a highly competitive market space, which is expected to fuel the surface & field analytics market growth in the region in the coming few years.
Post the outbreak of COVID-19 it became very important to analyse surface for environment or objects that were contaminated by a new source of infection. It became important to effectively clean and disinfect environmental surfaces. This resulted in increase in demand for manufacturing more surface & field analytics methods such as endoscopy systems comprising video scopes, video processors, light sources, and liquid crystal display panels, peripheral equipment such as image recording devices, endoscope cleaning systems, and sterilization systems. Major key market players introduced software and services to tackle complex analytical challenges in research, diagnostics and clinical laboratories. For instance, in July 2022, Thermo Fisher Scientific showcased new clinical and research lab solutions at AACC. Thermo Fisher Scientific Inc., showcased innovative diagnostic technologies, assays, and a complement of solutions for researchers developing new diagnostics. Moreover, the growing demand in medical instruments and research tools during the pandemic period drove the demand for surface & field analytics.
KEY FINDINGS OF THE STUDY
By deployment model, the on premise segment accounted for the largest surface & field analytics market share in 2021.By region, North America generated the highest revenue in 2021.
By enterprise size, the large enterprise segment generated the highest revenue in 2021.
The key players profiled in the surface & field analytics market analysis are Bruker Corporation, Carl Zeiss AG, Danaher Corporation, Jeol Limited, Nikon Corporation, Olympus Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., ULVAN-PHI, and Waters Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Bruker Corporation
- Carl Zeiss AG
- Danaher Corporation
- Jeol Limited
- Nikon Corporation
- Olympus Corporation
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- Ulvan-Phi
- Waters Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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