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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
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.
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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