Geospatial

News related to geospatial technology and the civil and structural engineering industries. Geographic Information Systems (GIS), geotagging, geofencing, remote sensing.

GIS/Geospatial Market Continues to Be Strong


According to the latest research from Daratech, Inc., a leading market research firm for the information technology industries, the market for GIS and geospatial equipment, software, and services continues to increase. The company forecasts that worldwide revenue will reach $3.6 billion this year, up from $2.82 billion in 2004.

The growth is driven by sales of commercial data products and the emergence of desktop- and Internet-based systems, Daratech reports. Software developers comprise more than half of this projected revenue ($1.5 billion), with three vendors (ESRI, Bentley, and Intergraph Corp.) accounting for about half of the industry’s total software revenues.
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