Visiongain releases GEOINT solutions ten-year market forecast

London-based research firm Visiongain Ltd released a new report on November 28 forecasting the next ten years for the governmental geospatial intelligence (GEOINT) solutions market. The report, which is available through the firm’s web site, is 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.

According to Visiongain, Geospatial information exploitation technology is one of the vital enablers and defining aspects of 21st century defense, intelligence and homeland security capabilities and operations. In a digital age where the vast majority of data has a location and time, GIS and GEOINT systems provide the means to reference it geographically. In this visual context, complex dynamics, patterns and relationships can be revealed, analyzed and understood in a completely new way. This takes ‘situational awareness’ to an entirely different level, and enables an unprecedented and powerful new type of analysis: geospatial analysis. A key part of this overall capability is a new generation of tools for advanced digital mapping and modeling, which extend the applications of GIS much beyond intelligence, C2 (command and control) and the achievement of information superiority – into areas like resource management, mission simulation, and down to individual soldiers.

In the 21st century information superiority is essential for success in dealing with increasingly complex threats and emergencies, making the need for GEOINT absolute. This is not a ‘nice to have’, but a ‘must-have’ capability – and countries around the world are investing in it with increased urgency. Advances in technologies like cloud and 3D modeling, 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 the future, the firm said.

Visiongain’s examination of the global governmental spending on GEOINT solutions for defense and homeland security reveals a market worth $9.7 billion in 2014. The coming decade will see governments around the world scrambling to acquire GEOINT capabilities on increasingly higher scales, to ensure they stay on top in the ‘information superiority’ race. At the moment, outside the US this is a relatively young market, at the very beginning of a period of large international expansion over the next ten years.

Source: Visiongain