GeoBuiz 2018 Report Geospatial Industry Outlook and Readiness Index

Geospatial Media & Communications presents the 2nd edition of the comprehensive report which is a collective, harmonized and in-depth analysis of the geospatial industry covering technologies, infrastructure, policies, drivers, users, challenges, trends and innovations.

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Key aspects of GeoBuiz 2018 Report Global Geospatial Industry Outlook

Derived from over 500 industry survey responses and interviews, analysis of more than 1,500 press releases in last 5 years, this section presents:

  • Industry composition, digital ecosystem and emerging business models
  • Global and regional market size and forecast
  • Industry drivers, user benefits and challenges
  • Impact value, recent trends and innovations
Countries Geospatial Readiness Index (CGRI)

The 50 countries covered under CGRI together represent 90% or the world population and share 89% for the global GDP. The section covers

  • Indexing framework
  • Comparative readiness assessment and ranking
  • Readiness matrix of 50 countries
Industry Segments Analyzed:
  • GNSS & Positioning
  • GIS & Spatial Analytics
  • Earth Observation
  • 3D Scanning
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East
  • Africa
User Segments captured:
  • Defense and Internal Security
  • Infrastructure
  • Urban Development
  • Utilities
  • Retail and Logistics
  • Agriculture
  • BFSI
  • Disaster Management
  • Citizen Services
  • Natural Resources
The global geospatial market size stands at nearly US$ 300 billion, and is likely to touch 440 billion by 2020.

Key Findings

  • During 2013 to 2017, the market grew at an estimated 11.5%, and is forecast to grow at CAGR of 13.6% between 2017-2020
  • Impact of geospatial industry has grown at an even higher rate (21%) indicating the multiplier effect of the geospatial technologies on the economy and the society
  • Big data, cloud computing and artificial intelligence are seen as the most significant drivers for the geospatial industry
  • Driven largely by sharp expansion of the user base, Asia pacific is expected to edge out North America as the largest market region with a market share of 32.6% by 2020
  • The Countries Geospatial Readiness ranking is led by the USA, followed by the UK, Germany, Singapore and the Netherlands being ranked 2nd, 3rd, 4th and 5th respectively
  • The industry in China and India is continuing to expand due to an exponential rise in the number of technical and scientific research centers, aero-space domain strengths and national programs for startups