The Latin America, Middle East and Africa Geographic Information System Market would witness market growth of 11.2% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Geographic Information System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $475.9 million by 2031. The Argentina market is showcasing a CAGR of 12.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 10.3% during (2024 - 2031).
The adoption of GIS is growing rapidly in emerging markets as governments and businesses begin to recognize its potential for improving operational efficiency and driving economic growth. Countries in Asia, Latin America, and Africa are increasingly deploying GIS for applications such as infrastructure development, agriculture, and environmental monitoring.
Several emerging trends are shaping the market. The integration of GIS with IoT devices is becoming increasingly important. IoT devices such as sensors and GPS trackers generate large amounts of spatial data that can be analyzed in real-time using GIS. This integration is particularly important in transportation, logistics, and agriculture.
The growing oil production in the UAE and the ambitious infrastructure and logistics plans in Saudi Arabia are driving significant developments in both nations, impacting various sectors, including the market. GIS technology plays a crucial role in industries like oil and gas, transportation, and logistics, making it essential for effectively managing and developing these sectors. In the UAE, the nation’s position as one of the top oil producers in the world, with Abu Dhabi holding the bulk of the country’s oil reserves, creates a significant demand for GIS solutions. With the country’s oil industry producing 3.2 million barrels daily, GIS is instrumental in optimizing exploration, extraction, transportation, and distribution processes. GIS technology enables precise mapping and real-time monitoring of pipelines, offshore fields, and refineries, contributing to better efficiency and safety. Moreover, as the UAE continues to invest in expanding its infrastructure and diversifying its economy, GIS plays a vital role in urban planning, smart city development, and environmental management, further bolstering the demand for GIS solutions. Hence, GIS is becoming indispensable in managing and monitoring large-scale infrastructure and industrial projects in both nations, driving the market's growth.
Free Valuable Insights: The Worldwide Geographic Information System Market is Projected to reach USD 21.32 Billion by 2031, at a CAGR of 9.1%
Based on Devices, the market is segmented into Desktop and Mobile. Based on Component, the market is segmented into Services, Software, and Hardware. Based on Usage, the market is segmented into Navigation, Mapping, and Surveying. Based on Vertical, the market is segmented into Utilities, Transportation & Logistics, Aerospace & Defense, Construction, Agriculture, Mining & Geology, Oil & Gas, and Government & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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