Geographic Information Systems Market Will Produce $25,121 Million Revenue by 2030

A system for gathering, managing, and analyzing data about locations on the surface of the planet is known as a geographic information system (GIS). It combines several data types, such as digital, photographic, and cartographic data, allowing users to better grasp topographical information and linkages.

GIS software is therefore utilized for landslide hazard zonation, rerouting design, navigation, mapping, accident investigation, disaster management and mitigation, and transportation planning. These tasks are carried out through the analysis of geographical data and the visual organization of data layers utilizing 3D maps.

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According to P&S Intelligence, the geographic information systems market worldwide is predicted to reach $25,121 million by 2030. The increase is mostly related to rising investments, the proliferation of geographic data availability and cloud technologies, and the escalating demand for these solutions in the transportation industry.

AI and IoT Integration Offers Profitable Opportunities

It is anticipated that the sector would benefit greatly from the integration of AI and GIS. Governments have profited from the growth of geospatial artificial intelligence (GeoAI), which use AI to extract information from geographical large data, for example, in the creation of smart cities, the development of urban infrastructure, and the monitoring of changes over time in a particular location.

Additionally, the combination of IoT with GIS offers several opportunities to providers of relevant software, hardware, and services. High-volume real-time location information is being produced as a result of this technology's application in business operations to give customers extremely relevant and location-specific services.

Significant Source of Income Is Mapping Category

The mapping category recorded the most share. The need for mapping services in urban planning applications, such as urban growth assessment, land acquisition, environmental impact assessment, water quality management, and land zone categorization, has increased due to the increasing urbanization in both emerging and established nations.

Urban populations in nations like China and India are expanding significantly, which is spurring the construction of residential infrastructure.

In the upcoming years, the cartographic category is likewise predicted to expand significantly. This will mostly be because geographic maps are being used more often to better comprehend and evaluate data.

Government Organizations Commonly Use GIS Solutions

The government sector's income share was the highest at about 24.2%. Some of the main uses of this innovation in the government sector are urban and rural planning, community planning, and data extraction on natural tragedies.

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Governments are spending more money on GIS for use in military, aerospace, and homeland security applications. Several suppliers have developed cutting-edge goods in recent years to meet the needs of governments in emerging nations.

North America Is Highest Revenue Contributor

North America accounted for around 39.6% of global revenue. The public sector, which includes homeland security and the military, is crucial to the development of the regional market. The military makes use of this technology to acquire intelligence, oversee combat operations, assess the topography, and keep an eye out for any terrorist activity.

Additionally, in the upcoming years, the APAC region is projected to grow at the fastest rate. This may be ascribed to the rise in GIS demand among the governments of India and China to upgrade the infrastructure for military and homeland protection applications, as well as the rate of urbanization.

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This release was published on openPR.