The Economic Impact of Geospatial Services: How Consumers, Businesses & Society Benefit from Location-based Information

Despite the growing use of geospatial technology around the globe, its true economic value remains hidden, as traditional measuring concepts have failed to keep up with the rapid evolution of the industry. Quantifying the extent of geospatial benefits can be difficult given that many geospatial services are provided free of charge and therefore go unmeasured. In addition, it’s often impossible to separate geospatial services from the broader product they’re embedded in (such as ride-sharing apps). Lastly, it’s hard to measure the indirect benefits of geospatial services, which have become indispensable for a wide range of professions —from urban planners to ambulance drivers.

The goal of this report, which is based on a consumer survey across 22 countries spanning six regions and other innovative estimation approaches (such as big data analysis of online job postings), is to broaden the public knowledge about the many ways in which geospatial services contribute to our society. It provides the most comprehensive economic impact analysis of the geospatial services industry to date and should help inform the actions of investors and decision-makers in government.

The study’s main finding is that digital maps are playing a significant role in changing our lives for the better. Digital maps have become powerful tools for policymakers to ensure the safety of their citizens and inform urban planning decisions, and for companies and consumers to save time and money when managing their daily affairs. And the benefits of digital maps are far bigger than people may think. As an industry, geospatial services generate US$400 billion in revenue per year. However, their total economic contribution is several times higher, as geospatial services have a myriad of other positive effects for society and the environment.

Read more here.


The report has received significant coverage in the media, including: 


 

Relevant Publications

Android Impact: How the Android Ecosystem Supports Economic Impact in South Korea

Smart devices have changed the way millions of South Korean users interact, do business, and stay connected to the world. More than S$111 billion (₩126 trillion), equivalent to over 27%…

readmore

Regulating the new economy

AlphaBeta Report by Tarah Barzanji & Andrew Charlton. Eight lessons from a case study of ride sharing, Uber and the ACT Government.

readmore

The Automation Advantage

Technological change has long been a source of anxiety for workers. Today, improvements in communication technology, robotics, and machine intelligence are rekindling age-old concerns that technology will soon force millions…

readmore