Real-Time Industrial Classifications

UK Geospatial Economy

Learn more about the UK’s emerging Geospatial Economy and the companies working with geographical data across navigational technologies, data capture and more with our unbeatable real-time sector data and trends.

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What is the Geospatial Economy?

The Geospatial industry or economy consists of a range of companies, start-ups and organisations who work with technology or provide services to capture, process, analyse, visualise or store geographic data across the UK.

Geospatial companies in the UK range from those developing proprietary Geographic Information Systems (GIS) and indoor mapping solutions right the way through to those specialising in 3d visualisation and data processing.

Geospatial Economy sector summary

Key information you should know about the Geospatial Economy sector from our AI-driven platform of over 5 million companies:

Geospatial Economy is in our top 10 for regional diversity, with 86.9% of business premises located outside of London.
The Geospatial Economy sector has not received additional investor attention in recent years and the amount of venture capital funding is not increasing as fast as our other emerging economy sectors.
Geospatial Economy has turnover of £5.9bn, meaning it is our 52nd largest RTIC, and our 46th fastest growing sector.

3,544

COMPANIES CONSIDERED

£5.9bn

TOTAL TURNOVER

49,065

TOTAL EMPLOYEES

£1.3bn

TOTAL INVESTMENT FUNDING

£100.0m

TOTAL INNOVATE UK GRANT FUNDING

2.9%

AVERAGE COMPANY GROWTH PER YEAR

Geospatial Economy verticals

Our Geospatial Economy RTIC is made up of 4 individual industry verticals, including verticals such as Data Capture, Data Processing and Visualisation, Geospatial and GIS Technologies. You can find out more about the verticals by buying a report, visualising the sector on our platform, or by downloading the data.

Sector Code Description Records
RTIC0008 Geospatial Economy 3493 companies
Companies working with geographical data in some form, including but not limited to; Data Capture, Data Processing and Visualisation, Geospatial and GIS Technologies, Navigation Technologies.

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- Geospatial Economy: Data Capture
  Companies focused on the production of geospatial datasets
  
  2191 companies
- Geospatial Economy: Data Processing and Visualisation
  Companies offering geolocation data processing and visualisation services
  
  1984 companies
- Geospatial Economy: Geospatial and GIS Technologies
  Companies providing Geographic Information System products
  
  608 companies
- Geospatial Economy: Navigation Technologies
  Companies providing technologies and/or services that enable the collection, processing and analysis of navigation data
  
  741 companies

Geospatial Economy industry growth

We estimate that the UK Geospatial Economy sector could be worth approximately £6.8bn by 2027, based on the compound annual growth rate (CAGR) of 2.9%. Below you can see the five year turnover forecast for the RTIC from 2023 to 2027.

Get your free Geospatial Economy report

Dig deeper into the UK’s Geospatial Economy with our free 2022 RTIC report, which includes:

– Summary of RTIC data & industry performance
– Overview of key verticals
– Geographic analysis & breakdown
– Key insights & trends

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Real-Time Industrial Classifications (RTICs)

At The Data City we’re mapping the emerging economy through accurate and reliable real-time data. We’ve produced Real-Time Industrial Classifications (RTICs) for some of the UK’s fastest growing sectors, across over 350 industry verticals, including the Geospatial Economy.

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