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Showing posts with the label GIS Market Drivers

GIS Market To Advance at 12.1% CAGR during 2020–2030

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. Urbanizatio...