GIS Industry Trends, Segment Analysis, Growth and Forecast Report, 2030

According to P&S Intelligence, the geographic information system market will reach USD 25,121 million by 2030, increasing at a rate of 12.2% by the end of this decade.
 
NEW YORK - March 11, 2024 - PRLog -- With the rising investments in urban planning, surging availability of cloud technology and spatial data, and increasing requirement for higher transportation Efficiency, the demand for geographic information systems continues to rise around the world. Thus, P&S Intelligence forecasts the GIS market revenue to grow from USD 8,914.4 million in 2021 to USD 25,121 million by 2030.

Moreover, the growing urbanization rate and surging population are projected to propel the demand for such software. In addition, the rising requirement for natural disaster forecasts, with mobile devices proliferation and massive adoption of GIS for video games, are projected to opportunities to software companies.

Furthermore, the adoption of this technology is growing in the defense and military industry for logistical planning, location, intelligence, and spy satellite tracking. Similarly, it is being rapidly incorporated by farmers for soil mapping, precision farming, and crop yield evaluation.

GIS software can manage information, based on its location. Moreover, this technology helps targeting marketing efforts, track consumer locations, and expand sales areas in the retail sector. The GIS technology adds to the value of the retail sector by providing assistance to firms to remain competitive and generate profitability.

The software is the most widely utilized for mapping purposes. Rising urbanization is emerging as well as developed nations have proliferated the requirement for mapping functions in urban planning applications, including urban growth assessment, land acquisition, water quality management, land zone classification, and environmental impact assessment.

The government sector is the biggest user of this software. GIS solutions are widely used in applications such as urban planning, community planning, rural planning, and fetching information on natural calamities. Governments in emerging economies are massively investing in digital-data-based GIS solutions for rural and urban planning, optimal natural resource utilization, and public health improvement.

The application of GIS solutions is also rising transportation. It includes accident analysis, traffic modeling, highway maintenance & management, and route planning. These solutions provide support in planning, monitoring, and management of complex systems involved in transportation planning and management.

Browse detailed report analysis on GIS Industry Development and Demand Forecast to 2030 (https://www.psmarketresearch.com/market-analysis/geograph...)

For instance, Uber and Ola widely use this technology in mobile applications in the form of virtual meters, for the detection of the nearest available vehicles, and automating payments for traveled distance.

North American firms and government agencies currently create the highest demand for geographic information systems. The public sector such as defense, and homeland security plays a crucial role in the industry propulsion. This technology helps the military to gather intelligence, analyze terrain, and manage battlefield operations.

Contact
Vijay Kumar
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