An Analysis of the Global and Indian Geospatial Market: Trends, Opportunities, and Economic Impact

The geospatial domain comprises technology and services concerning geographic data and spatial analysis and has experienced significant Global and Indian growth. The following paper suggests a clear understanding of the global and Indian geospatial market, focusing on specific trends, newer opportunities, and the economic impact of geospatial technology. This is about the strategic orientation on market dynamics, which includes and goes beyond technical dear, GIS, remote sensing, and spatial data infrastructure. The work further explains the rationale of these technologies in several sectors, for instance, urban development, farming, moving systems, and conservation. The article analyses the growth challenges for the Indian geospatial and global markets. It also looks at the policy framework and future possibilities of the project. This research aims to provide helpful information to the stakeholders, policymakers, and other professionals involved in utilizing geospatial technologies for economic and societal benefits.

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Publication Details

Published
2024-09-04
DOI
https://doi.org/10.1109/globalaisummit62156.2024.10947988
Primary Topic
Banking Systems and Strategies
Type
article
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An Analysis of the Global and Indian Geospatial Market: Trends, Opportunities, and Economic Impact

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An Analysis of the Global and Indian Geospatial Market: Trends, Opportunities, and Economic Impact

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Abstract

The geospatial domain comprises technology and services concerning geographic data and spatial analysis and has experienced significant Global and Indian growth. The following paper suggests a clear understanding of the global and Indian geospatial market, focusing on specific trends, newer opportunities, and the economic impact of geospatial technology. This is about the strategic orientation on market dynamics, which includes and goes beyond technical dear, GIS, remote sensing, and spatial data infrastructure. The work further explains the rationale of these technologies in several sectors, for instance, urban development, farming, moving systems, and conservation. The article analyses the growth challenges for the Indian geospatial and global markets. It also looks at the policy framework and future possibilities of the project. This research aims to provide helpful information to the stakeholders, policymakers, and other professionals involved in utilizing geospatial technologies for economic and societal benefits.

Maharishi Markandeshwar University, Mullana (IN), Chitkara University (IN)
Openalex Percentile: Top 53%
Banking Systems and Strategies
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