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GIS Market To Generate $25.6 Billion Revenue by 2030

The surging deployment of enterprise geographic information systems (GIS), increasing investments in the development of GIS infrastructure by governments, rising availability of spatial data and cloud technology, and mounting need for GIS solutions for location-as-a-service (LaaS) platforms are expected to drive the GIS market in the foreseeable period (2020–2030) at a CAGR of 12.1%. According to P&S Intelligence, the market size will reach $25.6 billion by 2030 from $7.5 billion in 2019.

Moreover, the market is witnessing the surging preference for GIS solutions for disaster management. One of the prime factors aiding the GIS market growth is the rising adoption of enterprise GIS solutions. Advanced GISs offers meaningful and precise business intelligence for accurate marketing information about clients and effective product management.


GIS Market Growth, Demand & Opportunities

Thus, companies are investing heavily in these systems to access geographical data via software applications. Moreover, these solutions provide several advantages including efficient resource sharing, improved decision making, and effective data management, which empower organizations to decrease inventory costs, fleet management costs, and product backlog error costs. A major trend in the 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.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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