Market Research Report
Geographic Information System (GIS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Published by||IMARC Services Private Limited||Product code||988280|
|Published||Content info||143 Pages
Delivery time: 2-3 business days
|Geographic Information System (GIS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
|Published: February 2, 2021||Content info: 143 Pages||
The global geographic information system (GIS) market reached a value of US$ 8.9 Billion in 2020. The geographic information system (GIS) is a system that gathers, manages, and examines data related to positions on the earth's surface. It integrates different data formats, including cartographic, photographic, and digital data, which enables users to understand topographical information and relationships better. As a result, GIS software is used for mapping, accident analysis, rerouting design, transportation planning, disaster management and mitigation, landslide hazard zonation and navigation. These functions are performed by analyzing spatial information and visually organizing layers of data using 3D maps.
GIS maps can be easily shared and embedded in apps to be accessed virtually by anyone, anywhere. These systems also help in gaining a better insight into spatial patterns and relationships while lowering costs, enabling better decision-making and improving overall management performance. Consequently, GIS is used across diverse industries, ranging from education, and military and defense to agriculture, forestry, and real estate. In the military and defense sector, GIS is used in location intelligence, logistics management and spy satellites. The utilization of GIS has also increased in the agriculture sector for precision farming, soil mapping and analyzing crop productivity. Moreover, with the advancements in the technology, key players are integrating artificial intelligence (AI) with GIS. For instance, the advent of geospatial artificial intelligence (GeoAI) that uses AI to extract information from spatial big data has helped governments in developing smart cities, planning urban infrastructure and tracking changes in an area over time. Looking forward, IMARC Group expects the global geographic information system (GIS) market to exhibit strong growth during the next five years.