There is tremendous increasing demand on spectrum resource which is boosted by spread of cloud computing and M2M telecommunication as well as smart phone and tablet PC. Recently, spectrum sharing technology has drawn attention to the spectrum policy makers as a promising way to overcome limitation of scarce spectrum resource. To succeed in commercialization of spectrum sharing technology, it is necessary to prospect the future business ecosystem of spectrum sharing and develop appropriate policies and laws at the same time along with the advance of spectrum sharing technology. The purpose of this paper is to prospect future spectrum sharing ecosystem and analyze business ecosystem of spectrum sharing with casual loop map. With the causal map and system dynamics method, it is possible to analyze feedback loops which is not limited to linear thinking and build policies which optimize positive dynamics in business ecosystem of spectrum sharing.