Asia-Pacific GIS Market To Prosper in Coming Years

The global geographic information system (GIS) market value stood at $8,185.9 million in 2020, and it is predicted to exhibit a CAGR of 11.6% from 2020 to 2030 (forecast period). According to the estimates of the market research company, P&S Intelligence, the market will reach a value of $24,607.7 million by 2030. 

The major factors fueling the expansion of the market are the surging investments being made in the GIS technology, abundant availability of cloud technology and spatial data, and burgeoning requirement for GIS solutions in the transportation sector. Geographically, the Asia-Pacific (APAC) region is predicted to be the fastest-growing region in the GIS market in the coming years. 

This is ascribed to the growing urbanization rate and burgeoning need for geographic information systems in regional countries, such as India and China. Moreover, the governments of the regional countries have extensively used GIS solutions for various military applications in recent years in order to improve homeland security and infrastructure. The GIS market is highly consolidated in nature and the players are actively focusing on product launches and mergers and acquisitions in order to bolster their presence in the industry. 

For example, Hexagon AB completed the acquisition of Immersal Oy, which is a provider of visual positioning and spatial mapping solutions which are used in augmented reality (AR) applications, in July 2021. With the help of this acquisition, the company started providing onsite deep insights, thereby improving the field of view with the aid of superimposed digital information.

Amongst these, the government sector held the largest share in the market in the past, as it extensively used GIS for several applications, such as information and data collection on natural calamities, urban and rural planning, and community planning. Besides developed nations, the governments of developing countries are also making huge investments in data-based and digital GIS technologies for rural and urban planning, optimal natural resource usage, and public health improvement.

Hence, the demand for GIS solutions will soar in the coming years, primarily because of their surging requirement in the transportation sector.

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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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