A recently published report presented an encouraging outlook on global geographic information systems (GIS) in the disaster management market. The report, which was prepared by P&S Intelligence, projects that the market will generate $9.4 billion dollars in revenue by 2030. This is a major increase from the $2.3 billion in 2019.
The reason for this increase in revenue generation is due to a rising need for more accurate disaster management technology. Players in the oil and gas, construction and energy and utilities sectors rely on instantaneous geospatial insights to make “effective data-driven decisions.” In addition, countries are using GIS systems to manage and plan for disasters both economically and socially.
North America is the major GIS in disaster management. There were increasing investments in GIS solutions for emergency management; support of the adoption of disaster mitigation measures from government; major market players and increasing public awareness of disaster management. Additionally, the Asia-Pacific region is advancing rapidly because of an increase in natural disasters in Japan, China, India, South Korea, and the Philippines.
This has generated much interest in Global Geographic Information Systems in the Disaster Management Market solutions; especially those that integrate with technologies that map hazards, warn communities in advance and focus on disaster resilience.
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