From €0.57 to €1.19 Trillion: the Geospatial Market Booms, but Are We Ready for It?

Geospatial information and precise positioning have become fundamental pillars of modern digitalisation. It is estimated that up to 80% of all data has a location component, and its importance continues to grow across the economy, security, and public services.

The global market for geospatial and positioning services is expanding rapidly. According to Geospatial World's estimation, it will grow from €0.57 trillion in 2025 to €1.19 trillion by 2030. At the same time, the European Commission estimates that 10% of the European economy already depends on satellite positioning.

Interoperability Remains a Challenge

Despite this growth, interoperability remains a major hurdle in Europe. A recent article by the researchers of the Finnish Geospatial Research Institute FGI highlights the insufficient compatibility between datasets, systems and standards.

As technologies such as autonomous systems, digital twins, and other location-based solutions become mainstream, limited interoperability slows innovation, raises costs, and makes scaling new solutions harder.

“Applications from drones and robotics to precision agriculture and smart mobility all rely on accurate, real-time, interoperable location data,” says Antti Jakobsson, project manager at the Location Innovation Hub. “While this creates significant business opportunities, it also demands new expertise and capabilities.”

To keep pace, Finland and Europe must invest in interoperability, or face the risk of falling behind in innovation and competitiveness.
 

Finland's Strengths and Support

Finland is well positioned to respond, with globally recognised geospatial expertise, high-quality national datasets, and a strong open data policy. Still, many organisations face challenges in turning this potential into practical solutions.

Location Innovation Hub, one of Finland’s European Digital Innovation Hubs, works to bridge this gap.

“We offer consultation, test environments, guidance on funding and business development, training, and access to a broad innovation ecosystem. Our focus is supporting organisations as they navigate the geospatial transformation. We develop Europe-wide solutions to support interoperability, such as the Location Europe test platform that brings together geospatial data across Europe, as well as the Location Finland platform in the Finnish context,” Jakobsson explains.

  • The article has been published in Finnish in the Finnish Academy of Science and Letters (AASF) publication, issue 2/2025: Paikkatiedot ja paikannus digitalisaation avaimina 
  • Learn more about Location Innovation Hub’s services and get in touch

  • Want to make your organisation's geospatial data more accessible? Or do you need datasets to develop your own services? Explore Location Europe and Location Finland platforms.

  • Want to learn more about geospatial interoperability in practice? The Location Innovation Academy offers online courses at different levels for both business leaders and technical experts. Explore the courses: academy.ogc.org

13.04.2026

From €0.57 to $1.19 Trillion: the Geospatial Market Booms, but Are We Ready for It?

It is estimated that up to 80% of all data has a location component, and its importance continues to grow across the economy, security, and public services. Despite this growth, interoperability remains a major hurdle in Europe.
31.03.2026

New in Location Finland: Expanded coverage of 3D building data

The Location Finland test environment is expanding, opening up new opportunities particularly for analysis of the built environment and service development.
23.01.2026

Bringing European Geospatial Data Together – Location Europe Data Provider Webinar

How can national datasets become part of a truly cross-border European data ecosystem? We invite national mapping agencies, transport authorities, statistical offices and other public data providers across Europe to explore how your datasets can be integrated into Location Europe platfrom.
12.01.2026

Location Innovation Hub Continues Its Work – Funding Secures Services Until 2028

Location Innovation Hub has successfully operated for three years. The hub has established itself as a national accelerator for location information and technology development while also expanding its network across Europe. With new EU funding secured, LIH will continue its activities for the next three years.
15.12.2025

Geospatial Challenge Camp is looking for business partners

Is your organization working with real-world mobility and transportation challenges and looking to solve them with location data and digital technologies? The Geospatial Challenge Camp invites companies, public and non-profit organizations to join as partners for the 2026 camp!
04.12.2025

Location Finland – a new test platform helping businesses and the public sector make better use of data

The Location Innovation Hub has launched a test platform that combines location data from Finnish organisations and makes it available through a single interface.
02.12.2025

Join the next big leap in drone innovation – Drone Hackathon 2026 at Nokia Arena

The Drone Hackathon 2026 offers a one-of-a-kind playground for drone innovation inside Nokia Arena, home to the world’s largest indoor drone testing facility.