Growth in GIS Industry in 2023
India has the fastest-growing economy and focuses on infrastructure development, digitalization, and urbanization across all economic sectors. GIS is already integral to infrastructural development, healthcare, agriculture, and administration programs.
Additionally, the rise of the global GIS market has picked up speed in the last two years. The reason for the same has been the speed at which cities have urbanized and the population has grown. Furthermore, the increasing demand for natural disaster forecasts, combined with the proliferation of mobile device usage and the rising adoption of GIS for video games, has also favourably impacted the market’s growth rate throughout the forecast period.
What is GIS all about?
A Geographic information system (GIS) is a system that generates, manages, analyses, and maps various types of data. This technology’s core phrase is geography, which signifies that some data is spatial. Data without a spatial reference does not provide geographic context. Without it, it is impossible to comprehend the world we live in today ultimately.
What have been some factors that have influenced growth in the GIS industry?
Combined with the newly emerging regions targeted for growing services, India’s geospatial sector witnessed tremendous growth and is currently positioned for explosive expansion.
The availability of GIS was the catalyst for all of this. So it is true that GIS has seen growth, and some of the factors that have influenced this growth are:
- Urban planning
The increase in the use of GIS for facilities management, the integration of GIS with standard technologies for business intelligence, and the increasing demand for GIS software for smart city development and urban planning are driving the growth of the GIS software market in India.
- Support all segments
Geospatial technology and the low fraction of service providers in India still have numerous industry segments to access and penetrate. The benefits of technology are found in its ability to support all segments in enhanced cost-effectiveness, improved efficiency and accuracy, greater transparency, and better planning, all of which contribute to much faster decision-making in the government and commercial sectors.
- Economic development
GIS technology is useful in providing powerful decision-making tools. These assist economic developers in analyzing, disseminating, and displaying the outcomes of their inputs about where to position new developments or businesses. These GIS elements assist economic developers in maintaining economic development and growth.
- Better decision making
GIS gives engineers and architects a better understanding of spatial patterns and linkages; its use is growing in the country to enable better decision-making and management performance.
- Increased demand in different sectors
Increased urbanization, combined with an increasing demand for improved solutions in agriculture, military, real estate, and transportation, is one of the key reasons driving the Indian GIS industry.
It is safe to conclude that emphasis on technology, particularly satellite-based tools such as Geographic Information Systems (GIS), is rising. It brings a mashup of technology, and numerous companies are exploding in this field in India and worldwide. There is a lot of untapped potential in the GIS mapping industry in India.
Intents Mobi is one such organization that offers mobility and transportation solutions to various businesses. We have a network of over 500,000 people that assist us in gathering information to help businesses serve their customers better.
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