This year’s annual POB Capital Investment Study, conducted in partnership with Clear Seas Research, shows that, on average, surveyors and geospatial professionals have kept their spending levels fairly consistent over the last three years, based on revised mean averages. The 2018 capital budgets showed a nice increase from 2017, and then the 2019 planned spending returned to roughly the 2017 level.
To understand these numbers a little better, it is important to consider a number of factors. The 2016 spending levels reported were nearly double the budget forecasts respondents provided when the prior study was conducted. This spike didn’t represent a new level of spending, and the following year capital investment budgets settled back into a more consistent pattern. With some time between that spending spree and current forecasts, it appears the 2016 spending didn’t depress spending in the following years.