Critical Review of the U.S. Geospatial Market: Growth Potential, Strategic Developments, and Challenges Ahead
Introduction The geospatial market, renowned for its rapid growth and transformative potential, is making notable strides in sectors like Information Technology (IT), engineering, and autonomous systems. In 2023, the global geospatial market was valued at USD 531 billion, with projections indicating it will reach USD 1.06 trillion by 2030. This represents a Compound Annual Growth Rate (CAGR) of 10.2 percent from 2025 to 2030. While these figures are impressive, they raise questions about the sustainability of such growth and the actual implementation of these technologies across industries. Is the market truly prepared to handle such an influx, and are the […]