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The GIS industry keeps expanding and is fascinating right now. Maps speak more effectively than words, geospatial analytics assists us in understanding and making judgments about our environment in a larger scope, and cloud computing stretch further down the line.
GIS is assisting in unlocking opportunities in ecological research, protecting the natural environment, environmental assets, commercial analytics, disaster response, criminal mapping, and other fields. As a countrywide data system, GIS is growing as a societal network. GIS, without a doubt, has a lot more potential than merely desktop applications. Global warming will have a significant impact, and GIS will play a critical part in the urgent rush to mitigate the damages.
Because of the growing need for location-based statistics among organizations to increase efficiency, productivity and decision-making, the GIS industry is [expected to develop at a rate of 10.8% between 2021 through 2026](https://www.mordorintelligence.com/industry-reports/geographic-information-system-market#:~:text=The geographic information system market (GIS) (henceforth%2C referred,forecast period%2C 2021-2026.). During the projection period, the rising requirement to combine conventional information with spatial information in order to get significant ideas from location-based data will open up new expansion opportunities for the GIS industry.
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The use of IoT, Machine Learning(ML) and Big Data analytics systems in company activities have accelerated the collection of real-time geolocation data for the purpose of providing highly useful and location-specific services to users.
Another component driving industry expansion is government-sponsored programs aimed at the progress and expansion of smart cities. This specific need will raise the need for GIS technology in order to enable a highly linked urban network.
In India, for example, the national administration revealed intentions to use geospatial technology for a smart cities initiative(2019-2023). The Indian administration intends to leverage geospatial data to allow integrated and coordinated governance. This will be done via the employment of real-time location information analytics in order to accomplish its ambition of building 100 smart cities throughout the country.
The smartphone GIS application sector is predicted to grow at a CAGR of more than 18% over the projected period because it allows customers to easily acquire and submit GIS information to internet imaging software like Google Earth. Smartphone GIS technological advances are a cost-effective method of gathering spatial information that helps to increase data accuracy and productivity while decreasing mistakes. The growing need for mobile solutions that provide GIS customers with a more simplified experience through the development of applications to gather and view data is expected to boost GIS market expansion.
The North American GIS industry maintained a substantial market proportion of more than 40 per cent overall in 2017 and is expected to hold a considerable market proportion by 2024. This is attributed to increased government-led efforts adding to the area’s geospatial industry’s progress and expansion.
For example, in June 2018, the United States Air Force granted SpaceX a $130 million agreement for the deployment of AFSPC-52 satellites in late FY2020. Another element driving market expansion is the area’s larger proportion of GIS solution suppliers. These firms offer the most sophisticated spatial and mapping information analytics technologies and are devoted to providing GIS experts and surveyors with the programs and contemporary software they need to perform surveys.
GIS, and perhaps in the future, can consider creating a national collection with information that all market participants can acquire, as in the example of the United States. Thus, GIS may significantly enhance their sales by decreasing expenses and waste and allowing retail and advertising managers to make faster judgments.
Government entities are anticipated to increase their use of GIS software installation. Growing government expenditures in the aerospace & defence sectors are driving the need for sophisticated location-based technology, which in turn is boosting the need for GIS systems. Government officials are increasingly using GIS innovation for spatial assessment in order to generate improved data-driven judgments on the state’s and country’s overall wellbeing. Geospatial data is used by defence organizations to conduct critical reconnaissance and surveillance missions such as terrain analysis, battlefield operations, and surveillance of potential terrorist operations.