The Hindu Business Line : Geospatial industry poised for growth

Information systems alone, based on maps and satellite imagery is set to touch Rs 576 crore by 2010. At present, the market estimates for these services are Rs 12 crore. The optimism is based on the current growth rates of around 200 per cent and the huge potential.

Giving this view, the first detailed survey on the emerging Indian geospatial industry said the growth in the usage of spatial technologies in the land information systems, education sector, along with various other segments has been growing fast. The Survey Report will be released in Bangalore on May 25.

The Survey

Geospatial Today and Spatial India, geospatial publications in association with Antrix Corporation and Survey of India, have brought out the report. Across India, about 600 agencies (both users and geospatial companies) have participated in this survey.

According to the highlights of the report, the domestic market estimates for these geospatial services amounted to about Rs 562 crore in the financial year 2005. The market for these services is expected to grow at a CAGR of 17.57 per cent per annum and reach Rs 1,824.98 crore by year 2010. The key driver for this increased growth is the expected investments in land information systems (ILIS) in several states of the country. It also provides an optimistic overview in as much as the total market in our country (domestic and exports markets) is expected to record a potential growth from Rs 962 crore in the year 2005 to Rs 2,820.30 crore at a CAGR of 14.5 per cent.

data conversion

India has emerged as a major data conversion centre for geospatial services. Firms from the US, Europe, Japan and Australia have either started operating directly or are subcontracting work to Indian firms. This has created enormous employment opportunities in this sector. Most of these firms are currently engaged in data conversion. In FY 2005, this sector marked Rs 720 crore with an expected growth rate of 20 per cent.

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