GEOGRAPHIC INFORMATION SYSTEM MARKET

 

Market Overview:

               Over the forecast period, 2021-2026, the geographic information system market (GIS) (hereafter referred to as the market analysed) is anticipated to post a CAGR of 10.8%. GIS is utilised for locating new stores, examining crime trends, routing in car navigation, forecasting and predicting weather, etc. GIS powers millions of decisions every day throughout the world.
The market is being driven by the rising demand for location-based analytics among enterprises to boost operational effectiveness and decision-making. Over the course of the projection period, the growing necessity to combine spatial data with conventional data in order to extract useful insights from location-based data may open up new growth opportunities for the geographic information system market.

The market for geographic information systems is expanding due to the growing need for natural disaster prediction, detection, and damage minimization. By utilising its features, such as spatial analytics, mapping, and location intelligence, GIS is currently being employed in the detection, understanding, and response to the infectious illness outbreak of the coronavirus (COVID-19). To pinpoint the locations of COVID-19 infections, health officials and government organisations are mapping confirmed and active cases, fatalities, and recoveries.

Key Market Trends:

          Data is the driving force behind smart cities, and sharing of real-time knowledge is essential. When an organisation gathers data from hundreds of IoT sensors and analyses it, GIS generates a depiction of the data on a map for right away usable insights. These data can be used to monitor how city services are provided and to identify areas where local council services could use some improvement.
In order to establish an universal location-enabled platform for use-cases research in smart city contexts, GIS solutions are being integrated as part of the growing smart cities project. These include climate monitoring, urban planning, intelligent transportation systems, and disaster management SDI. Automated natural hazard monitor web GIS with SMS alert is also included.
GIS experts use analysis, modelling, and visualisation in urban planning.

The growing use of geographic information for expanding geographical data cloud analytics adoption in utilities, defence, transportation, agriculture, and other sectors is one of the key reasons fueling the market expansion in the region. The region also reaps the rewards of the leading players' efforts, which were made in an effort to increase their market share.
The GIS market in the APAC area is expanding due to the rising demand for geographic information system solutions for use by the government in developing nations like China and India. The Indian government has launched the "Digital India" project, under which both the public and private sectors are expected to increase their investments in the nation's infrastructure for location-based services and internet access.

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