Facts On Geospatial Analysis

Geospatial mapping

Society is changing so rapidly that it is hard for most citizens of America to keep up with it, especially those that are older in age. Statistics have determined that over the next four decades the world’s population will grow by 50%, increasing from 6 billion to 9 billion. As this happens, more and more people begin to use technology very often which has allowed for geospatial data analysis to come to the forefront of technology.

Geospatial data analysis can be tricky if you are not a technological wizard and yet some of it can actually be quite simple if properly explained. Geospatial data analysis deals with location and GPS technology. Understand that right now there are over 30 active GPS satellites that circle the Earth collecting data and transmitting it to scientists across the globe.

Using geospatial technology is not going to go away anytime soon, as a matter of fact, many experts believe that it is only going to grow. One report estimates that geospatial analytics market will be able to grow to nearly $72 billion by the year 2020 which would result in a 21% compound annual growth rate. Here are all the facts on geospatial data analysis.

The United States Bureau of Labor Statistics estimates that there will be an increase in jobs that deal directly with locational intelligence. This includes geographers, photogrammetrists, cartographers, and technicians that are equipped to survey and map an area. So this type of locational intelligence market will not be decreasing anytime soon and there will actually be a boost in locational intelligence software and solutions.

Gartner is a research company that researches the job market in order to make estimates about job trends and patterns. They recently discovered that there will be over 4 million big data jobs that will be available in the next two years and yet only a third of them will be filled with employees. So there is no question that geospatial data analysis could be the future of the job world and the tech world as well.

Every GPS satellite located around the world goes off every 12 hours. This means that the satellites travel just about 12,500 miles above the Earth going nearly 7,000 miles per hour. These satellites are a force to be reckoned with. They can even determine the current time within 100 billionths of a second as well.

So many experts believe that location intelligence solutions and location intelligence software are the future of understanding marketing analytics. It is important to know that the industry behind geospatial data analysis managed to generate nearly $73 billion in the year of 2011. This means that they also, in turn, helped generate just about $1.6 billion in revenue for the rest of the United States economy as well.

In Conclusion

As the years go by, technology will become more and more a part of everyone’s lives across the globe. Look no further than right now, with how many people own and use smartphones and electronic devices on a daily basis. People are now more plugged into technology, gadgets, and the internet than they ever have before. As time goes on, this is only going to increase because newer innovations will be created and it will make it much easier for people to interact with technology as well.

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