GeoBuiz 2018 Forecasts Geospatial Industry Growth at 13.6% CAGR Between 2017-2020

NEW DELHI, February 28, 2018 /PRNewswire/ --

Geospatial Media and Communications announces the release of the 2^nd edition of its comprehensive research report titled GeoBuiz 2018 (previously known as The Global Geospatial Industry Outloook).

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The report is presented in two complementing parts - the Global Geospatial Industry Outlook and the Countries Geospatial Readiness Index 2018. The Global Geospatial Industry Outlook captures the global size, growth and value impact of the global geospatial industry till 2020. It estimates that the geospatial industry is projected to reach US$ 439.2 billion by 2020, growing at a CAGR of 13.6% owing to increasing democratization of geospatial information and its integration with IT. The report also highlights that the embedment of geospatial technologies creates an economic impact on the global GDP at 20% CAGR. Furthermore, the report provides detailed growth estimates of the four key segments of the geospatial industry - GNSS and Positioning, GIS/Spatial Analytics, Earth Observation, and 3D Scanning. For each industry segment, key industry trends, market size, technology drivers, benefits and challenges, and innovations are presented to provide a wholesome perspective on the geospatial industry and its value proposition to the global audience.

The Countries Geospatial Readiness Index-2018 reiterates the need expressed by the government, and industry stakeholders to develop a holistic national geospatial strategy in tandem with technological advancements. The United States of America, United Kingdom, Germany, Singapore and the Netherlands are assessed as top five geospatially ready countries out of the 50 countries index. The assessment is based on an evaluation framework comprising of five pillars (inclusive of 20+ sub-pillars) which are - geospatial data infrastructure, policy framework, institutional capacities, user adoption and geospatial industry capacities. The countries have been grouped as 'Leaders', 'Challengers', and 'Aspirers' in each of the evaluation pillars with comparative insights, and highlights accompanied with geography-wise infographics.

You can download a free copy of GeoBuiz 2018 Report from: http://www.geobuiz.com/geobuiz-2018-report.html.

Geospatial Industry Segments Analyzed: 

• GNSS & Positioning
• Earth Observation
• GIS & Spatial Analytics
• 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

For further inquiries contact:
Ranjan Singh
Director - Market Intelligence and Policy Advocacy Division
Geospatial Media and Communications
[email protected]
+91-120-461-2500

SOURCE Geospatial Media and Communications Pvt Ltd