A major trend in the GIS 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.
The function segment of the GIS market is categorized into mapping, telematics and navigation, surveying, and location-based services. Among these, the mapping category accounted for the largest market share in 2019. This is attributed to the rapid urbanization, which has amplified the need for mapping functions in urban planning, such as urban growth assessment, land acquisition, environmental impact analysis, water quality management, and land zone classification. Urbanization in China and India is leading to the development of residential infrastructure to house the growing population.
Moreover, on the basis of industry, the GIS market is classified into government, utilities, construction, mining, telecommunications, agriculture, oil & gas, aerospace & defense, and others. Out of these, the government category accounted for the largest market share in 2019 owing to the increasing application of GIS for community planning, information extraction on natural calamities, public health improvement, urban and rural planning, and optimal utilization of natural resources. Although developed nations are the key users of GIS, developing countries are also investing heavily in it for the above-mentioned applications.
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.
The function segment of the GIS market is categorized into mapping, telematics and navigation, surveying, and location-based services. Among these, the mapping category accounted for the largest market share in 2019. This is attributed to the rapid urbanization, which has amplified the need for mapping functions in urban planning, such as urban growth assessment, land acquisition, environmental impact analysis, water quality management, and land zone classification. Urbanization in China and India is leading to the development of residential infrastructure to house the growing population.
Moreover, on the basis of industry, the GIS market is classified into government, utilities, construction, mining, telecommunications, agriculture, oil & gas, aerospace & defense, and others. Out of these, the government category accounted for the largest market share in 2019 owing to the increasing application of GIS for community planning, information extraction on natural calamities, public health improvement, urban and rural planning, and optimal utilization of natural resources. Although developed nations are the key users of GIS, developing countries are also investing heavily in it for the above-mentioned applications.
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.
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