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The Global Geographic Information System Market size is expected to reach $20.7 billion by 2023, rising at a market growth of 12.9% CAGR during the forecast period. Geographic Information System is a tool that is used to collect, manages, analyse and provide required information for managing raw information as per the requirement of end-users. With technological advancements, the price of such system is expected to decrease in years to come. Today there are various GIS software's available and deployed in a wide range of application including earth and environment science, terrain modelling, government agencies management, disaster management, forestry, agriculture, population information, transportation, education, healthcare and financial services among others.
Long before technology came into existence, maps were created using complex surveying techniques and firsthand knowledge collected from sailors and explorers. Over time, humans have discovered innovative and better ways of collecting geographical data to map the world.
Geographic Information System (GIS) was one such innovation which was introduced back in the 1960s for collecting, storing, manipulating, and analyzing spatial and geographical data. Today, these systems help in making data visual and interactive by displaying it in a digital form geographically. GIS present data related to population, income, and level of education, different kinds of vegetation, factories, schools, or electric power lines.
With rapid technological advancements, the need to manage data has significantly grown, and so has the need for geographic information systems. These systems cater to organizations of all sizes and offer benefits to almost every industry. The awareness and interest in GIS have grown over recent years majorly because of the standard-based technologies. Mapping is the prime function of a GIS, for which, it provides a visual interpretation of the collected data in a mapped form.
GIS in Disaster Management
The growing rate of natural disasters and catastrophes have created a demand for better preventive systems. Geographic Information Systems are important for gathering information and communicating it further. These systems are better as compared to ground-based technologies because, they remain untouched and unexposed at the time of a disaster, thereby, collecting and displaying clear information. Not only during, but, GIS systems also play the role of a central database repository during the recovery period of a disaster. These systems and remote sensing together, are appropriate tools for assessing damage and incurred losses.
GIS in Infrastructure Management
To plan, construct, and operate a physical infrastructure, organizations have to visualize and locate their assets and compare the structure with its surroundings. For managing the infrastructure, GIS enables managers to analyze information of assets on the basis of their location and spatial relationships. Stakeholders can get insight into their landscape and gather visual information that facilitates decision-making.
GIS in Business
Apart from serving the natural industry, forestry, and environmental industries, adoption of GIS in the business spectrum has emerged recently. These systems are being adopted in management functions including logistics, decision making, marketing, and planning. Through GIS systems, retail businesses can locate the best site for their next stores. GIS can store geographic information used by businesses digitally to make effective analytical decisions about assets on a field. Enterprises can integrate geographic data in their complex network design, planning, and maintenance activities. The gathered data helps in enhancing telecom processes through improved customer-relationship management and location services.
Since their inception, geographic information systems have witnessed an increasing rate of technological and organizational developments. GIS has shifted towards an era where the power of these systems is increasing perpetually. Recent developments in geographic information systems will open the next frontier for industries. Moving GIS to cloud has proven to be cost-effective, productive, and flexible for organizations who are looking forward to delivering new capabilities at a rapid pace.
Rising need of information in the field of resource management have necessitated the deployment of several modern system to incorporate analytical model for proving solution to various spatial problems have boosted the market for GIS software in the recent years. Based on End User, the Geographic Information System (GIS) market segments the market into Public Sector and Private Sector. Based on Type, the market report segments the market into Software, Service, and Data. Based on Application, the Geographic Information System (GIS) market segments the market into Disaster Management, Land Information, Map Viewing (Cartography), Infrastructure Management, Business Information, Military & Defence (Geopolitics), Mineral Exploration (Geoscience), and Others.
Based on Vertical, the Global Geographic Information System Market Analysis report segments the market into Utilities, Transportation, Government Agencies, Retail, Oil & Gas, Healthcare, Financial Services, Telecom, and Others. Based on Regions, the Geographic Information System market analysis report segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The market research report covers the analysis of key stake holders of the Global Geographic Information System (GIS) Market. Key companies profiled in the report include Pasco Corporation, Ubisense Group plc. Beijing SuperMap Software Co., Ltd., Hexagon AB, Schneider Electric SE, Environmental Systems Research Institute, Bentley Systems, Incorporated, Autodesk, Inc., Pitney Bowes Inc., and MacDonald, Dettwiler and Associates Ltd.