Global Geospatial Industry is Projected to Grow to $1.4-Trillion by 2030; GEOBUIZ Summit Highlights Emerging "St. Louis GEOINT Hub"

India-based Geospatial World recently held its annual #GEOBIZ Summit in Monterey, California, at which Geospatial World Founder and CEO Sanjay Kumar underscored the rapidly growing and expanding global Geospatial Intelligence in Geospatial World's annual "Global Geospatial Industry Outlook" --- noting that diversified segments of the worldwide geospatial industry are projected to grow to a $1.4-trillion level by 2030:

“Global Geospatial Industry Outlook:?GeoBuiz Report 2022"

https://www.geospatialworld.net/consulting/reports/geobuiz/2022/#

The Report notes that "advancing & augmenting $1.4 Trillion Geospatial Market by 2030, strategic public policy reforms, industry acceleration strategies, and innovations in the digital twin and metaverse paradigm to drive geospatial market growth?post 2025...

Other key findings from the report include:

1. The global geospatial market is forecasted to be $681 billion in 2025;
2. The market is estimated to grow at a much faster rate post-2025, making it $1.44 trillion by 2030, on the backbone of strategic public policy reforms, industry acceleration strategies, and innovations in the digital twin and metaverse paradigm;
3. The current growth in the market is driven by technology innovation, integration of workflows, and augmentation of spatial analytics in business processes;
4. Increasing government investments, strategic public policy reforms, and the evolving role of national geospatial agencies and governments is expected to drive the market growth post-2025;
5. GNSS and Positioning is forecasted to be the largest and growing geospatial technology segment with approximately 45% of the total market share, followed by GIS and Spatial Analytics at approximately 25% and earth observation at approximately 17%;
6. Finally, the Report concluded: "the economic impact of geospatial technologies on the global economy is currently estimated to be in the range of $2.2 trillion to $5.4 trillion, while it shall expand in the range of $5.4 trillion to $10.2 trillion in 2025."

Over 200 Geospatial Intelligence leaders from throughout the world participated in the 3-day event in Monterey, California, co-sponsored by ESRI, Trimble, and Missouri-based GEO4iR.

The overall program also included a companion INDIA-U.S. GEOSPATIAL BUSINESS SUMMIT, with the intent of developing an informal business platform of engagement among the India and U.S. business and defense/geointelligence communities.

I was pleased to present a case study at the Symposium on St. Louis' Emerging Global Geospatial Intelligence Hub, including:

• the catalytic role of the $1.75-billion, 100-acre National Geospatial-Intelligence Agency (NGA) new western HQ now under construction at the heart of the 1,500-acre NorthSide Regeneration Mixed-Use Development in North St. Louis;
• the new Downtown North Insight District, just blocks south of the new NGA campus. The new Innovation District was created by Square Co-Founder Jim McKelvey and his development partner John Berglund, developers the recently renovated former HQ of the St. Louis Post-Disptach, as the new home for up to 1,400 employees of Square and CashApp; developer of the historic adaptive high-tech renovation of the Art Deco Globe Building, Steve Stone; and CEO of the T-Rex entrepreneurial incubator, Dr. Patty Hagen.
• the collaborative efforts of businesses and universities in growing the St. Louis GEOINT industry cluster (including joint applied research, talent development initiatives, NGA's Moon Shot Labs at the T-Rex Incubator, the new Taylor Geospatial Institute); and,
• the recently-announced 75,000 square foot multi-tenant SCIF, the largest such facility in the U.S. outside of the Washington, D.C. area, in the 710,000 square foot Globe Building in the Downtown North District:

MAJOR GEOSPATIAL INTELLIGENCE ASSET ADDED TO ST. LOUIS' NEW INNOVATION DISTRICT ?

U.S. Senator Roy Blunt, who has been a "civic champion" for St. Louis' evolving Geospatial Intelligence industry cluster, recently led the Official Groundbreaking of St. Louis' newest GEOINT asset; namely, the 75,000 square foot multi-tenant Sensitive Compartmented Information Facility, SCIF (video of the event):

https://www.globebuilding.com/new/

Adjoining this key addition to the region's national security infrastructure on the floor below is newly renovated high-tech unclassified space for Geospatial Intelligence firms.?

The Globe Building has now become the "location of choice" in St. Louis for GEOINT and other tech firms --- such as MAXAR, T-Kartor-USA, Ball Aerospace, Geospatial World Media, and General Dynamics --- as well as the new Corporate HQ of Stereotaxis, the global leader in innovative surgical robotics.?

The Globe and the above firms are each located in St. Louis' newest Innovation District ---the Downtown North Insight District:?

“GEOINT+ FINTECH = Placemaking in Downtown North: An Urban Insight District in St. Louis at the Heart of America.”?| Geospatial World Magazine | Annual Edition | 2022 | https://lnkd.in/eUr_g-fH

Video describing the new District: https://lnkd.in/eMJHmd4H ?

St. Louis continues to move forward in its aspirations to become a Global Geospatial Intelligence Hub, and to respond to the $1.4-trillion projected Geospatial Intelligence market which the 2022 Geospatial World Global Geospatial Industry Outlook now forecasts.

--- Dick Fleming, CEO, Community Development Ventures, Inc., St. Louis, MO --- [email protected]