Skip to main content

GIS in Disaster Management Market Drivers, Restraints, Opportunities, and Trends in Coming Years

The rising adoption of the GIS technology in government organizations for emergency management is expected to drive the GIS in disaster management market at a high CAGR of 13.7% during the forecast period (2020–2030). The market stood at $2.3 billion in 2019, and it is projected to reach $9.4 billion by 2030. These organizations are deploying advanced technologies for the effective management of disaster situations, assisting communities in preparing for such mishaps, forecasting emergencies, handling search and rescue operations, and estimating the overall damage.

At present, the adoption of GIS-supported applications is escalating at a significant pace due to the digital transformation of the organizations dealing with disaster and emergency management. GIS aids disaster management agencies in the easy collection of updated data on vulnerable locations and evacuation needs. For example, in September 2019, Esri Inc. introduced an application, named Hurricane Aware, which is compatible with its ArcGIS Living Atlas platform. This application offers information support to the National Hurricane Center and the Joint Typhoon Warning Center for predicting hurricanes.


Globally, the North American region made the most use of such solutions for disaster management during 2014–2019. This was due to the surging need for integrating state-of-the-art technologies in geospatial solutions, increasing government spending on disaster management, and rising concerns over the intensifying losses owing to hurricanes, floods, and tornados. Additionally, the strong presence of GIS vendors and a strategic shift of emergency management organizations toward digital information support the adoption of such solutions in the region.

According to P&S Intelligence, the APAC GIS in disaster management market will witness the fastest growth in the coming years. This will be due to the changing climatic conditions and increasing incidence of natural disasters, including earthquakes, cyclones (called typhoons in the Northwestern Pacific Ocean region), and floods, in densely populated nations, such as India, China, South Korea, the Philippines, and Japan. Resultingly, disaster management agencies in APAC are focusing on the adoption of platforms that can help them in better understanding and responding to such events.

Thus, the growing incidence of natural calamities and rising degree of collateral and financial damage due to them are impelling government emergency management organizations to adopt the GIS technology for disaster management.

Comments

Popular posts from this blog

Power Electronics Market Analysis by Industry Segments, Share, Application, Development, Growing Demand, and Top Key Players

The expanding application pool of power electronics, the increasing utilization of renewable energy sources, and the rapid advancements in power electronics technology are the main factors driving the progress of the market across the globe. Additionally, the rising usage of power electronic devices in various utility applications and the growing demand for high power density in wind power generators, electric rail traction drives, solar power generators, and inverter systems are fueling the growth of the market. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/power-electronics-market/report-sample Power electronic devices make sure that power is supplied effectively, thereby providing high flexibility, reliability, and security to the power systems. Due to these devices, the already-existing electrical grids can be easily converted into next-generation networks. When end user is taken into consideration, the power electronics market is divided in...

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...

Rapid Digitization Pushing Up Demand for Cyber Security Solutions

The rising prevalence of data breaches is one of the major factors fueling the demand for cyber security solutions across the world. Data breaches are mainly caused because of weak passwords, improper configuration, complex access permissions, and malware attacks. Moreover, the rising focus of companies on shifting their complete databases to cloud networks is augmenting the occurrence rate of data breaches.  This is making the adoption of cyber security solutions extremely necessary. These solutions help organizations prevent the unauthorized access to data and sensitive information, detect threats and vulnerabilities early, and detect and analyze cyber attacks in real-time. The surging usage of mobile phones is another important factor propelling the requirement for cyber security solutions across the globe.  Mobile devices equipped with advanced capabilities and features allow users to access the internet, emails, global positioning system (GPS) navigation, and various oth...