Amsterdam: ASD Media Group has released a new market report that indicates that global governmental spending on geospatial intelligence (GEOINT) exploitation solutions and services for defence and homeland security will reach USD 9.7 billion in 2014. The titled ‘Governmental Geospatial Intelligence (GEOINT) Solutions Market 2014-2024: Digital Mapping, Geographic Information Systems (GIS), Cloud-Based Geo-Analytics & Geo-Data Exploitation for Defence & Homeland Security’, has documented current and projected market size for the 15 largest national markets for GEOINT solutions activities.
According to the report, in the 21st century information superiority is absolutely essential for success in dealing with increasingly complex threats and emergencies, making the need for GEOINT absolute. GEOINT is a ‘must-have’ capability – and countries around the world are realising and investing in it with increased urgency. Phenomenal advances in technologies like cloud computing and 3D geospatial modelling, together with increased availability of high-quality, high-accuracy geospatial data especially from space-based remote sensing satellites, are propelling the market for governmental GEOINT solutions forward into a very exciting future.
Source: ASD reports