All this is available under page 4 of the Geospatial World Forum 2016 brochure, and ‘Where is the Money?’ is the key topic under discussion in the plenary sessions at Geospatial World Forum 2016.
7 key areas for geospatial business
Here are the 7 key areas, where there is a potential of geospatial business right from IoT for Smart Cities, to Big Data; Indoor & Mobile Mapping to Analytics.
| Prospect areas for geospatial business | Overview of business potential |
| Smart Cities & Internet of Things (IoT) | IoT deployments will create $421 billion in economic value for cities worldwide |
| Big Data Analytics | Worldwide big data technology and services market to grow to $48.6 billion in 2019 |
| Mobile Sensors & Mapping | The mobile mapping market size is estimated to grow to $26.6 billion by 2020 |
| Indoor Positioning & Mapping | By 2018, around $10 billion in spending to be touched or directly affected by indoor location. Global indoor location market is predicted to grow to $4.4 billion by 2019 |
| Cloud Computing | Global cloud computing services market to reach $127 billion by 2017 |
| Open Data | Globally, seven sectors alone could generate $3 trillion to $5 trillion a year in additional value as a result of open data For the period 2016-2020, the direct market size for open data in Europe is estimated at €325 billion |
| Location Based Services | By 2019, over 7 billion GNSS devices will be in use. Location based services market to grow 8.3% annually |