Due to the increasing investments being made by various government organizations, surging adoption of cloud technology and usage of spatial data, soaring incorporation of geographic information system (GIS) solutions by enterprises, and growing requirement of GIS-based solutions and systems in location-as-a-service (LaaS) platforms, the global geographic information system market is predicted to generate revenue of $25.6 billion in 2030, exhibiting a CAGR of 12.1% from 2020 to 2030.
The COVID-19 pandemic has massively accelerated the progress of the GIS market across the globe. This is because of the large-scale adoption of the GIS solutions for mapping the spreading pattern of the infection and implementing adequate preventive and surveillance measures. Furthermore, many government organizations are increasingly utilizing various GIS features such as spatial analysis, mapping, and locating intelligence for mitigating the impact of the COVID-19 disease.
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For example, several government agencies such as the National Informatics Center (NIC) and the National Disaster Management Authority (NDMA) have been using various GIS-based solutions such as ArcGIS Pro, ArcGIS Hub, ArcGIS Online, and ArcGIS, developed by Esri Inc. for analyzing the spreading pattern of the infection, identifying the persons coming in contact with infected people, and implementing adequate preventive measures.
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Globally, the Asia-Pacific (APAC) GIS market is predicted to exhibit the fastest expansion between 2020 and 2030. This is credited to the surging requirement of GIS solutions in several developing countries of APAC such as India, China, Malaysia, and Indonesia. Additionally, in China, GIS technology is being rapidly adopted in various smart city development projects, primarily in the development and planning stages. Furthermore, the rising government focus in many APAC countries toward the development of world-class infrastructure would boost the demand for GIS solutions in the region in the future years.
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