A Close Look At The Importance Of The Geospatial Mapping Market

July 19, 2018

A Close Look At The Importance Of The Geospatial Mapping Market

The population is booming – not only in the United States but in all places around the world as well, and the location intelligence market is growing alongside of it. The location intelligence market incorporates a number of different things, from location intelligence software to spatial data analysis and can help to provide important demographic reporting tools, something that will be key as the population of the world continues to climb on a global scale. With the population set to skyrocket by as much as fifty percent in the next forty or so years, the location intelligence market is likely to become more crucial and important than ever before, not only in the United States but in many other places all around the entirety of the rest of the world as well.

In fact, the location intelligence market has already experienced a good deal of success. This can be seen by the fact that the geospatial industry alone was already generating more than seventy billion dollars a year in revenue by the time that we had reached the year of 2011. In that same year, the geospatial industry and location intelligence market helped to create more than one and a half trillion dollars in revenue for the economy of the United States as a whole (let alone the economic impact on the rest of the world around us). And the location intelligence market is only set and projected to continue to grow in the years that are still to come. Data shows this and backs it up, estimating that the market for geospatial analytics and the location intelligence market will grow by as much as fifty billion dollars between the years of 2012 (now five years in the past) and the year of 2020, which is now less than two full years away from the present date, jumping to a worth of more than seventy billion dollars, a considerable amount of money, to say the least.

The location intelligence market is also more likely than not to lead to a great deal of job creation in the United States in particular, but in other places around the world as well (though this brief article will be looking at the impact of the location intelligence market in the United States almost exclusively). In fact, the number of employed geographers is expected to jump by as much as twenty nine percent. To add to this, the number of gainfully employed cartographers working for the location intelligence market is also supposed to increase by a significant amount, around twenty percent to be exact. Surveying and mapping technicians will also be more in demand than ever before, with job growth in this area of expertise at very nearly fifteen percent (at fourteen percent, to be more exact). In fact, by the time that the next two years have passed, data jobs will also be widely available, many of them involved in the location intelligence market. With a total of nearly four and half million data entry jobs available in the country of the United States alone, it is estimated that only around one third of these jobs – a number that is considerably less than half – will be able to be rapidly filled, leaving open the opportunity for not only work but for gainful employment as an option for many people all throughout the entirety of the country of the United States of America.

The need for the location intelligence market is growing, as is the prosperity of the location intelligence market. As more and more people populate the earth – a number that is constantly growing, with more births than deaths every single day on a global basis – we must adjust our technologies to keep up with the demand – as well as the demand for knowledge. Keeping track of the citizens of the world is important for many different purposes such as business (among many others as well, of course) and can be a hugely important and useful tool when put into the right hands. The location intelligence market matters.

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