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GIS Market Revenue to Surpass $24,607.7 Million by 2030, says P&S Intelligence
Currently, North America makes the most use of geographic information systems because of the advanced IT infrastructure and high technical awareness here. The U.S., which is the largest defense spender in the world, uses it to manage battlefield operations, gather intelligence, monitor possible terror activities, and analyze terrain.
The major GIS market players are Esri Inc., Autodesk Inc., Hexagon AB, Schneider Electric SE, Precisely Incorporated, General Electric Company, Maxar Technologies Inc., SuperMap Software Co. Ltd., Bentley Systems Incorporated, PASCO CORPORATION, Trimble Inc., and IQGeo Group plc. Since the market is consolidated, they are launching advanced geographic information systems that differentiate them from each other.
The global GIS in telecom market is predicted to attain a revenue of $4.6 billion by 2030, increasing from $1.3 billion in 2019, progressing at a 12.2% CAGR during the forecast period (2020–2030).
The rising adoption of the GIS technology in government organizations for emergency management is expected to drive the GIS in disaster management market at a high CAGR of 13.7% during the forecast period (2020–2030). The market stood at $2.3 billion in 2019, and it is projected to reach $9.4 billion by 2030.
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
https://www.psmarketresearch.com
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