GIS Market for Natural Resource Management: Challenges and Opportunities
The global Geographic Information System (GIS) Market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 12.4% from 2020 to 2025. By 2025, the market is expected to grow to $14.5 billion, up from $11.4 billion in 2022. Numerous applications, including urban planning, disaster management, land management, and others, make extensive use of GIS technology. The need for GIS applications is rising across a number of industries, including government, transportation and logistics, agriculture, and natural resources, which is fueling the market expansion. The GIS industry is expanding as a result of the expanding availability of spatial data and the demand for sophisticated mapping and analysis tools. The development of smart cities and urbanisation, the incorporation of geospatial technology with common technologies for business intelligence, rising investments in contemporary GIS solutions, growing accessibility of spatial data, and cloud technology are just a f...