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Geographic Information System (GIS) in Disaster Management Market To Generate Revenue Worth $9.4 Billion by 2030

Geographic Information System (GIS) in Disaster Management Market To Generate Revenue Worth $9.4 Billion by 2030

Published: August 2020

The surging incidence of natural disasters, rapid focus of the emergency management agencies on adopting the geographic information system (GIS) technology in disaster management, rising need for analyzing real-time geographical data, and growing concerns over the increasing costs, due to the damage caused by disasters, such as floods, storms, and cyclones, are the major factors supporting the positive market growth. Owing to these factors, the global GIS in disaster management market is expected to reach $9.4 billion by 2030, registering a CAGR of 13.7% during the forecast period (2020–2030).

COVID-19 Impact Analysis

Owing to the COVID-19 pandemic, the utilization of the GIS technology for disaster management is expected to increase during FY2020–2021. Various emergency management organizations are focused on the utilization of geospatial solutions for tracking positive cases, identifying hospitals offering treatment, and mapping the potential areas that could be affected by COVID-19.

Solutions Is Dominating Category under Offering Segment

On the basis of offering, the GIS in disaster management market is bifurcated into solutions and services. Of the two, the solutions category held the larger share in the market in 2019. This can be mainly ascribed to the growing need for effective disaster management planning and surging requirement for real-time geospatial insights, for data-driven decision making in several industries, including oil & gas, construction, and energy & utilities. This, in turn, is driving the demand for GIS solutions.

Based on deployment, the market is bifurcated into on-premises and cloud. Of the two, the on-premises category held the larger share in the market in 2019. This can be mainly attributed to the security concerns of organizations, with respect to the deployment of geographic information system in disaster management solutions, and need for complete ownership and control, which is possible in on-premises deployment.

Geographically, the fastest growth in the demand for GIS-enabled disaster management solutions is projected in the Asia-Pacific (APAC) region during the forecast period. This would mainly be due to the increasing incidence of natural disasters in China, India, Japan, the Philippines, and South Korea, growing focus of regional countries on disaster resilience, and rising awareness on integrating next-generation technologies in GIS solutions for hazard mapping and assessment and giving early warning to communities.

Players in Market Are Focusing on Launch of Better GIS solutions

Players in the GIS in disaster management market are extensively focusing on the launch of geographic information system-supported disaster management solutions, in order to strengthen their presence and expand the applications of their offerings.

For instance, in April 2019, Trimble Inc. announced the launch of Trimble TDC150, under its mapping and GIS portfolio. The product is a rugged solution that has the flexibility of a handheld device. It comes with the Android operating system and enables scalable accurate positioning for professional field workflows.

Similarly, in May 2020, Computer Aided Development Corporation Limited (Cadcorp) announced the launch of its desktop GIS capability for cloud. The solution will help users access Security and Intelligence Services (SIS) Desktop as a virtual desktop application or within a web browser, on a variety of platforms and devices.

Browse report overview with detailed TOC on "GIS in Disaster Management Market Research Report: By Offering (Solutions, Services), Deployment (On-Premises, Cloud), Disaster Type (Natural, Technological), Technology (Remote Sensing, LiDAR, Satellite Imaging), Application (Hazard Mapping, Search and Rescue, Situational Awareness, Damage Assessment, Debris Collection), End User (Aerospace & Defense, Government, Chemicals, Energy & Utilities, Healthcare, Construction, Oil & Gas, Hospitality) - Global Industry Analysis and Growth Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/gis-in-disaster-management-market-analysis

In February 2020, Esri Inc. announced the release of its ArcGIS Analytics for IoT at the Esri Federal GIS (FedGIS) Conference in Washington, D.C. The product allows users to ingest, visualize, analyze, store, and act on large volume of internet of things (IoT) sensor data.

Some of the key players operating in the GIS in disaster management market are Environmental Systems Research Institute (Esri) Inc., Hexagon AB, Maxar Technologies Inc., SuperMap Software Co. Ltd., PASCO CORPORATION, IQGeo Group plc, Trimble Inc., Schneider Electric SE, Autodesk Inc., Bentley Systems Incorporated, Computer Aided Development Corporation Limited (Cadcorp), Caliper Corporation, and Satellite Imaging Corporation.