About GPS-GAP - Market Study
From: GPS World
Sent: Thursday, September 28, 2006 7:00 PM
To: Mr. Alfred Leick
Subject: Global Navigation and Positioning Community
Predicts Strong Market Growth
Global Navigation and Positioning
Community Predicts Strong Market Growth
Research Finds 22% of
Manufacturers Forecast Growth to Exceed 200%
NEWTON, Mass., September 28, 2006
– GPS World, the premier global media brand dedicated to global
navigation and positioning technologies, today unveiled a
comprehensive research report on GPS and related technologies at
its annual Leadership Dinner and State of the Industry Panel
Discussion in Fort Worth, Texas.
An in-depth research study from
Ventana Research revealed that 50% of manufacturers and purchasers
are projecting steady market growth over the next few years.
According to the report, "Trends and Strategies for Location
Intelligence Technology," half of purchasers and manufacturers
surveyed predicted up to 50% market growth over the next three
years, while 22% of manufacturers expect an increase of over 200%.
Commissioned by GPS World,
Ventana Research examined trends, developments, opportunities, and
overall issues across 10 industries including Survey & Mapping,
Military & Government, Agriculture & Natural Resources, Consumer
Products, Avionics & Transportation, Utilities &
Telecommunications, Location-Based Services, System Design & Test,
Distributors & Resellers, and OEM, Software and Services.
"The demand for GPS and related
technology is growing significantly and enabling a new wave of
market opportunity" said Mark Smith, CEO & EVP Research at Ventana
Research. "Our research findings from over 1,100 manufacturers and
purchasers provide the critical insight on growth markets,
technology drivers and trends that will shape the industry going
forward."
The research examined the most
important trends among buyers and sellers, with 35% of respondents
ranking improved precision of readily available GPS and related
technology as the top trend followed by consumer and business
demand and adoption.
When ranking the importance of
GPS applications, mapping topped the list (49%) followed by asset
tracking (38%), surveying (36%), and location-based services
(35%).
As GPS and related technology
continue to advance to meet market demands and growth, industry
professionals are becoming increasingly concerned with cost,
integration, and interoperability. The survey reported that 73%
of respondents rated the cost of implementing the technology as
their top or second most important concern.
In response to industry growth,
emerging opportunities, and demands of the purchasing audience and
leaders, GPS World is continually expanding its editorial
platform, enhancing information services, and mapping its
interactive media to the market, including its web site and suite
of specialized e-mail newsletters. GPS World's blended media
platform has advanced beyond the monthly print publication and is
the industry's only searchable and application-specific knowledge
base of GPS and related technologies that helps global navigation
and positioning professionals stay abreast of market trends,
technology developments, and new business opportunities.
To get a copy of the research
report, please contact dsugihara@questex.com
or at 714-338-6763.
About Questex:
Questex Media Group is a global, diversified business-to-business
integrated media provider, headquartered in Newton, Mass. Questex
Media serves multiple industries including technology, travel,
beauty, home entertainment, landscaping, and industrial and
specialty markets through a range of well-established,
market-leading products and services. The company's properties
include 23 trade publications and 25 conferences and tradeshows,
as well as a host of databases and online media brands. Questex
Media has more than 400 employees in offices throughout North
America, Latin America, Asia and Europe.
Contact:
Dana Fisher, Group Publisher, Questex Media Technology Publishing
Group
714-338-6729
dfisher@questex.com
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