GIS Market is Driven By Surging Utilization of Spatial Data and Cloud Technology

As the prevalence of natural disasters, including climate change, forest fires, and floods, is rising across the globe, governments have started relying on advanced technologies for disaster management. Geographic information system (GIS) is one of the technologies that are being utilized for effective disaster management. GIS is a computer system, which displays and analyzes geographically referenced information, by making use of data attached to a unique location. Along with this, attribute data, which is additional information about spatial features, is also taken into account.  

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In regard to disaster management, emergency management authorities make use of the available data for managing the disaster or for analyzing the possible consequences of a possible disaster, before it occurs. It is attributed to this that the global GIS market is projected to generate a revenue of $25.6 billion in 2030, increasing from $7.5 billion in 2019, demonstrating a 12.1% CAGR during the forecast period (2020–2030), as per a study by P&S Intelligence. 

This market research report provides a comprehensive overview of the GIS market

• Historical and the present size of the GIS market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

The key functions of GIS are location-based services, mapping, surveying, and telematics and navigation. The demand for GIS has been the highest for mapping in the past, owing to the high urbanization rate in developed and developing countries. The need for urban planning applications, such as urban growth assessment, land acquisition, land zone classification, environment impact analysis, and water quality management, is increasing rapidly across the globe. 

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Geographically, North America emerged as the largest GIS market during 2014–2019, as the system is being used widely by government organizations and healthcare professionals. In addition to this, the swift adoption of GIS for mapping solutions to manage battlefield operations, gather intelligence, monitor possible terror activities, and analyze terrain is also leading to the growth of the regional industry. Other than this, the demand for GIS is predicted to rise in Asia-Pacific as well in the coming years. 

The research includes detailed analysis of;

Based on Component

• Hardware
• Software
• Service

Based on Function

• Mapping
• Surveying
• Telematics and Navigation
• Location-Based Services

Based on Data Type

• Cartographic
• Photographic
• Digital
• Tabular

Based on Project Size

• Medium
• Small
• Large

Based on Industry   

• Government
• Construction
• Utilities
• Telecommunications
• Mining
• Agriculture
• Aerospace & Defense
• Oil & Gas

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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