This study aims to quantify the impact of geo services on the world economy and consumer welfare. The impact has been divided in three categories:
For this study geo-services are defined as all interactive digital mapping and location-based services. These include providers of satellite imagery, digital maps, satellite positioning signals, and navigation devices. Digital maps are defined to include both online maps and locally stored maps (such as satellite navigation systems used in cars). Traditional hard copy map publishers are not included in the estimates.
The impact of Geo is growing at a rate of 30% per annum globally. Hence the results in this report may quickly become underestimates, as geo services become more widespread.
The report demonstrates that the order of magnitude of the benefits can be estimated despite that they differ per service. Geo services are making an important contribution to global economy and to future productivity. The efficiency gains they create help facilitate economic activity and generate additional consumer welfare.
This report estimates for direct effects that the geo sector has a global GVA of USD 113 billion, suggesting that geo services accord for roughly 0.2% of GDP. Consumer effects and wider economic effects are broken down for more specific cases and presented. examples are given on page iv. Also consult the following figure:
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