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Media (R)evolutions: What is the Economic Impact of Geo Services?

Roxanne Bauer's picture

New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have little resemblance to yesterday's.

In our everyday lives, geospatial science and technology services, such as digital mapping, GPS, and other location-based services, are changing the way we operate. These services help us navigate the world, saving time, facilitating our entertainment needs and widening the breadth of markets. These technologies also generate huge amounts of economic activity in the form of research and development, programming and cost savings.

A recent study by economic consultancy firm Oxera, on behalf of Google, illustrates how big the industry has become. Internationally, the firm states, the geo services industry is valued between $150-$270 billion per year and pays around $90 billion in wages.



 


Geospatial services have traditionally been used on personal computers or servers. However, due to the increasing capabilities of mobile devices, geospatial services are now embedded within applications in mobile devices with increasing frequency.

From a consumer's perspective, these services are most apparent in apps like Google maps, NikoHapa, Facebook's 'Nearby Friends' and 'Nearby Places' , Easy Taxi, and Wabbers- among many others. Yet, the uses extend beyond these to include enabling law enforcement fight crime, disaster management, calls for help, the management of water resources, and tracking health threats.

You can peruse the full report here, read the summary here, and view a larger version of the infographic here.

 

Source: Oxera

Comments

Submitted by Oleg on

This is a great example of economic value of open data which often drives ge services. We are having a seminar and live webcast on this topic on July 23: http://live.worldbank.org/can-open-data-boost-economic-growth-prosperity

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