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Study Predicts Booming Market For Satellite Imagery

The demand for location-based services provided by the commercial satellite imagery industry rose dramatically in the last two years and will grow threefold by 2015, according to a recent study by a consulting firm. The study by Boston-based OC&C Strategy Consultants said that location-based services had revenues of $4 billion in 2011, up by $1.2 billion from the previous year. The study predicted the market will exceed $15 billion by 2015. Location-based services are essentially the coupling of global positioning…

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