GIS Market Growth Rate, Developments In Major Areas, Market Size, Dynamics, Opportunities, & Forecast With Demographic Data Till 2030

Governments across the globe are investing huge amounts for the development of geographic information system (GIS) technology, to be applied in homeland security, military, and aerospace applications. In recent years, numerous GIS vendors have introduced several innovative products to comply with the requirements of the governments in emerging economies. For instance, the Indian government, along with Esri India Technologies Ltd., has been using GIS solutions in smart cities for land acquisition, site selection, and construction management. These factors boost the GIS market growth.

Get the Sample Copy of this Report at: https://www.psmarketresearch.com/market-analysis/geographic-information-system-market/report-sample

Moreover, the demand for GIS technology is increasing from business enterprises, as it provides precise and meaningful business intelligence for gathering accurate information about clients and managing products effectively. This factor is expected to drive the GIS market at a CAGR of 12.1% during the forecast period (2020–2030). At this rate, the market will increase its size from $7.5 billion in 2019 to $25.6 billion by 2030. This growth is also supported by the investments done by private entities for the development of GIS solutions to access geographical data through software applications.

In recent years, GIS solutions have found widescale application in North America, due to their rising utilization in healthcare facilities and government organizations. Moreover, the developed infrastructure and swift adoption of novel GIS mapping solutions help to analyze terrain, manage battlefield operations, gather intelligence, and monitor possible terror activities. Apart from this, GIS systems can be used in the homeland security department during terror attack, especially in the incidence of an explosion of a biological weapon, to ascertain the radius of the attack and take preventive measures. Moreover, GIS technology is used to prepare for floods, wildfires, and earthquakes in the region.

Make Enquiry Before Purchase at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=geographic-information-system-market

During the forecast period, the Asia-Pacific (APAC) GIS market is expected to demonstrate the fastest growth, due to the rapid urbanization and widespread application of GIS solutions by governments, primarily in India and China. For instance, the Indian government's initiative to develop 100 smart cities is expected to offer notable opportunities for the adoption of GIS solutions in facility management, water and wastewater management, and urban planning. Likewise, China is investing heavily in urban development, primarily for the development of three major clusters, such as Yangtze River Delta, Beijing–Tianjin–Hebei, and Pearl River Delta, which increases the adoption of GIS solutions for urban planning and others.

Thus, the increasing application of geospatial information in homeland security, defense, and enterprises will fuel the demand for GIS technology in coming years.

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.

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.