Home News $133 Billion Geospatial Market and $1.09 Trillion Socio-Economic Benefits – Geospatial World...

$133 Billion Geospatial Market and $1.09 Trillion Socio-Economic Benefits – Geospatial World Report

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Geospatial World is pleased to announce the launch of the inaugural US Geospatial Market and Economy Report 2024, a definitive analysis providing unparalleled insights into the United States geospatial industry landscape.

The report brought out by the Consulting division of Geospatial World offers a comprehensive exploration of the United States geospatial market, encompassing critical aspects such as geospatial market size and forecast, imports and exports, challenges and opportunities, federal budget spends on geospatial data, along with socio-economic benefits.

Drawing from extensive expertise, the report highlights the United States leadership in technological innovation, business model refinement, and the integration of geospatial information into key vertical workflows inclusive of Defense and Intelligence, Transport Infrastructure, Energy, Telecommunications, and Disaster Management.

Moreover, the report also examines transformative changes across Federal government agencies, National Geospatial Agencies, industry, and users, laying out strategic recommendations to position the United States at the forefront of global geospatial advancements.

“This report underscores the United States’ pivotal role in advancing geospatial technology and refining business models within the industry,” remarked Ananyaa Narain, Vice President, Consulting at Geospatial World.

“By meticulously analysing critical market trends and transformative developments, our inaugural United States Geospatial Market and Economy Report 2024 provides a strategic roadmap for government organization, industry leaders, policy makers, and even academia and research institutions. The report not only forecasts substantial market growth from USD 133 billion in 2023 to USD 393 billion by 2030 but also unveils the strategic whitespaces for innovation within the country, socio-economic benefits to inform policy/decision-making, and key opportunities and challenges to drive the geospatial market.”

The 220-page report is a detailed yet comprehensive deep-dive into the United States geospatial ecosystem.

Given that the United States geospatial sector is characterized by its robust infrastructure, encompassing extensive data collection and processing capabilities, along with a well-established network of service providers and technology developers, the Geospatial Economy in 2023 stood at USD 185 billion, while the socio-economic benefits ranged between USD 0.66 trillion and USD 1.09 trillion.

These benefits span various dimensions, including enhancing operational efficiency, supporting sustainable development, and enabling innovative solutions across diverse sectors.

“Our insights are derived from rigorous engagements with industry pioneers, government bodies, private sector users; meticulous financial analysis, and an extensive review of case studies across diverse sectors,” Ananyaa continued.

“This holistic approach equips stakeholders with actionable intelligence to navigate regulatory complexities, harness strategic partnerships, and drive innovation. As we enter a new era of technological advancement and policy evolution, this report serves as an indispensable tool for fostering sustainable growth and leadership within the United States geospatial market.

“The US Geospatial Market and Economy Report 2024 is now available. For more information and to access the report, visit – https://www.geospatialworld.net/consulting/reports/US-Geospatial-Market-and-Economy/2024/

For media inquiries or to schedule an interview, please contact:

Prodipto Ghosh

Associate Director – Marketing & Sales, Consulting

Geospatial World

Email: [email protected]

Phone: +91 120 461 2500

About GW Consulting:

GW Consulting, the market insights and industry knowledge arm of Geospatial World, stands at the forefront of the industry. Our team, comprised of seasoned researchers and business consulting professionals, is dedicated to illuminating the intricacies of the global Geospatial (and Space) ecosystem.

Leveraging a suite of tailored services including Consulting, Syndicate Reports, Technology Innovation & Policy Advocacy, and access to the industry’s first Geospatial Resource Platform, we serve as your gateway to unlocking the potential of geospatial excellence. With a commitment to delivering industry specific knowledge and insights of the highest calibre, GW Consulting is poised to generate unparalleled value for the geospatial and allied industry. For more information, please visit: www.geospatialworld.net/consulting

About Geospatial World:

At Geospatial World, we believe in the power of sustainability to shape a brighter future for our planet. Through the ‘Geospatial Way,’ we integrate people, organizations, information, and technology to tackle today’s complex challenges and build sustainable societies, economies, and environments. For nearly 25 years, we’ve been at the forefront of strengthening geospatial ecosystems worldwide. With our vision of “Making a Difference through Geospatial Knowledge in the World Economy and Society,” we are committed to advancing global sustainability through our Consulting, Events, and Media divisions. For more information, please visit: www.geospatialworld.net