GIS Market Assessment Covering Growth Factors and Upcoming Trends

The surging deployment of enterprise geographic information systems (GIS), increasing investments in the development of GIS infrastructure by governments, rising availability of spatial data and cloud technology, and mounting need for GIS solutions for location-as-a-service (LaaS) platforms are expected to drive the GIS market in the foreseeable period (2020–2030) at a CAGR of 12.1%. According to P&S Intelligence, the market size will reach $25.6 billion by 2030 from $7.5 billion in 2019. Moreover, the market is witnessing the surging preference for GIS solutions for disaster management.

Get the Free Sample Pages: https://www.psmarketresearch.com/market-analysis/geographic-information-system-market/report-sample

One of the prime factors aiding the GIS market growth is the rising adoption of enterprise GIS solutions. Advanced GISs offers meaningful and precise business intelligence for accurate marketing information about clients and effective product management. Thus, companies are investing heavily in these systems to access geographical data via software applications. Moreover, these solutions provide several advantages including efficient resource sharing, improved decision making, and effective data management, which empower organizations to decrease inventory costs, fleet management costs, and product backlog error costs.

A major trend in the market is the surging incidence of natural disasters. The frequency of tsunamis, tornadoes, hurricanes (cyclones), earthquakes, and forest fires is rising, thus causing massive collateral and financial damage around the world, which often runs into billions of dollars. Thus, disaster management departments are utilizing GIS to give early warning signals, assess safe shelter areas, evaluate emergency supply distribution, and identify the potential impact on roads, bridges, and buildings.

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

The North American GIS market accounted for the largest share in 2019. This is ascribed to the existence of several market players, surging adoption of GIS solutions in the healthcare and government sectors, highly developed GIS infrastructure, and increasing need for mapping solutions for collecting intelligence data, analyzing terrain, managing battlefield operations, and monitoring possible terror activities. The APAC market is expected to witness the fastest growth during the forecast period owing to the rising adoption of GIS in the government and military sectors and surging urbanization in developing countries.

Thus, the rising adoption of enterprise GIS solutions and the increasing deployment of this technology by government organizations are expected to propel the market growth during the forecast period.

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

This release was published on openPR.