Market Trends of Geographic Information System Industry
This section covers the major market trends shaping the Geographic Information System Market according to our research experts:
The Rising Smart Cities Development and Urban Planning to Drive the Market Growth
- Smart cities are data-driven and dependent on the sharing of real-time awareness. After an enterprise collects and analyzes data from thousands of IoT sensors, GIS creates a map-based visualization of the data for immediate actionable insights.These insights can be used to track the delivery of city services and highlight areas where local council services need improvement.
- Further, owing to the developing smart cities project, the GIS solutions are implemented to create a generalized location-enabled platform for use-case analysis in smart city environments. These include automated natural hazard monitoring web GIS with SMS warning, climate monitoring, urban design, intelligent transportation systems, and disaster management SDI.
- Specialists apply GIS in urban planning for analysis, modeling, and visualization. By processing geospatial data from satellite imaging, aerial photography, and remote sensors, users gain a detailed perspective on land and infrastructure. These benefits of GIS are driving the growth of the GIS software market.
The increasing government applications in developing countries, such as China and India, are boosting the growth of GIS. For example, the Indian government's plan to build 100 "smart cities" across the country should make it easier to use geographic information system solutions in urban planning, facility management, and water and wastewater management.
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Asia-Pacific to Register Highest Market Growth
- One of the significant factors driving market growth in the region is the rising adoption of geographic information for expanding geographical data cloud analytics adoption in utilities, defense, transportation, agriculture, construction, etc. The region also has the benefit of the end results of the efforts undertaken by the key players looking forward to increasing their market share.
- The growing demand for geographic information system solutions for government applications in developing countries, such as China and India, is driving the growth of the GIS market in the APAC region. Recently, the Government of India started the "Digital India" initiative, where the government, along with private sector companies, is expected to further invest in improving internet connectivity and location-based services infrastructure across the country.
- There are about 250 geospatial startups in India, according to the Union Minister of Science and Technology, who spoke at the second United Nations World Geospatial Information Congress (UN-WGIC). The Indian government has allocated funds for a geospatial incubator to boost the industry. The Minister further stated that to illustrate the uses of geospatial technology, national organizations such as the Survey of India, the Geological Survey of India, the National Atlas and Thematic Mapping Organization (NATMO), the Indian Space Research Organization (ISRO), and the National Informatics Centre carried out a number of GIS-based pilot projects in a variety of fields, including waste resource management, forestry, urban planning, etc.
- The Japanese GIS market is witnessing stable growth due to the shrinking agriculture industry and rapid urbanization. XAG and Bayer Crop Science signed a business agreement for drone application technology in Japan to meet the challenge of reducing agriculture labor. Such initiatives are estimated to propel market growth in the region.
- Over the years, several geographic information system vendors have also come up with innovative products to suit the requirements of governments in developing countries. The country is also expected to develop geographic information system-based data for land records, land management, and ownership details.
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