Tag Archives: GIS Market Growth

GIS Market – Popular Trends & Technological advancements to Watch Out for Near Future 2023

Geographic information system (GIS) market size is expected to reach $17.5 billion by 2023, growing at a CAGR of 10.1% during 2017-2023. The growth of the geographic information system market can be attributed to the implantation of LIDAR technology and increasing availability of spatial data and cloud technology. In terms of application, the GIS technology can be categorized as government, water & wastewater management, Telecommunication, engineering & business services, aerospace & defense, oil & gas refineries, oil & gas exploration, transportation & logistics, healthcare and others. Other applications of GIS include crime mapping, property records, fire prevention and house renovation programs. The government sector accounted for majority share in the GIS market. Governments in the developing countries are making huge investments in digital infrastructure.