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GIS in Disaster Management Market Size, Share, Growth, Trends, Applications, and Industry Strategies

10-22-2021 09:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

GIS in Disaster Management Market Size, Share, Growth, Trends,

“Over the last 500 years, it is thought that at least 200,000 people have died as a result of volcanic eruptions.” “After Hurricane Katrina hit in 2005, 80% of New Orleans was under water.”. These statistics by National Geographic present a grim picture of how, sometimes, nature gets back at humans for manipulating and destroying it for their own benefit. As a result of the rising number of such disasters, geographic information systems (GIS) are being increasingly used for tracking early-warning signals in real time, analyzing emergency supply distribution, evaluating safe shelter areas, and detecting the potential impact of disasters on buildings, roads, and bridges.

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Essentially, the rising adoption of the GIS technology in government organizations for emergency management is expected to drive the GIS in disaster management market at a high CAGR of 13.7% during the forecast period (2020–2030). The market stood at $2.3 billion in 2019, and it is projected to reach $9.4 billion by 2030. These organizations are deploying advanced technologies for the effective management of disaster situations, assisting communities in preparing for such mishaps, forecasting emergencies, handling search and rescue operations, and estimating the overall damage.

At present, the adoption of GIS-supported applications is escalating at a significant pace due to the digital transformation of the organizations dealing with disaster and emergency management. GIS aids disaster management agencies in the easy collection of updated data on vulnerable locations and evacuation needs. For example, in September 2019, Esri Inc. introduced an application, named Hurricane Aware, which is compatible with its ArcGIS Living Atlas platform. This application offers information support to the National Hurricane Center and the Joint Typhoon Warning Center for predicting hurricanes.

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According to P&S Intelligence, the Asia-Pacific (APAC) GIS in disaster management market will witness the fastest growth in the coming years. This will be due to the changing climatic conditions and increasing incidence of natural disasters, including earthquakes, cyclones (called typhoons in the Northwestern Pacific Ocean region), and floods, in densely populated nations, such as India, China, South Korea, the Philippines, and Japan. Resultingly, disaster management agencies in APAC are focusing on the adoption of platforms that can help them in better understanding and responding to such events.

Thus, the growing incidence of natural calamities and rising degree of collateral and financial damage due to them are impelling government emergency management organizations to adopt the GIS technology for disaster management.

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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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