Showing posts with label GIS Market. Show all posts
Showing posts with label GIS Market. Show all posts

Rising Demand for GIS solutions in Transportation Sector Driving the GIS Market

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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 (GIS) 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.

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.


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. 
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Business Impacts of COVID-19 on GIS Market | Strategies of Major Industry Competitors

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GIS vendors offer services (managed and professional), hardware, data, and software. As GIS data is extensively used for routing, modeling, mapping, reporting, and geocoding, its demand is expected to be the highest in the coming years. In addition to this, GIS data is in high demand for regional literacy mapping applications in emerging economies, including Mexico, India, Brazil, and China. 

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Moreover, GIS is registering a high demand from the water & wastewater sector, on account of the strict government regulations, including Water Law of the People’s Republic of China and America’s Water Infrastructure Act 2018, for providing safe drinking water in major countries. The smart city project projects of China, where GIS is being utilized in development and planning, are further predicted to make APAC the fastest growing GIS market in the coming years.

The demand for GIS for mapping is further projected to increase in developing countries, for utilization in urban planning applications, such as classification of land zone, water quality management, land acquisition, and environment impact and urban growth assessment. Apart from the defense & aerospace sector, industries which utilize GIS include healthcare, oil & gas exploration, telecommunications, water & wastewater, oil & gas refining, government, transportation & logistics, and engineering & business services. 
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The government sector made the most use of GIS in the past, due to the fact that the governments of Canada and the U.S. are using the tool for analyzing food production sources, in order to eradicate hunger. In addition to this, the mapping of environmental degradation and climate changes is also being carried out for reporting and monitoring the changes. The utilization of GIS is projected to grow significantly in both North America and Asia-Pacific (APAC) in the near future, due to the increasing investments in GIS-based infrastructure by governments in both the regions.

Hence, the adoption of GIS is increasing in the defense sector and for mapping applications.
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