One of the major factors leading to the rise in the demand for geographic information systems (GIS) is the increasing need for them in the transportation sector across the world. Here, these are widely used in a plethora of applications, such as highway maintenance management, accident analysis, route planning, and traffic modeling. Moreover, GIS is increasingly being incorporated in complex transport systems, for planning and monitoring, which, in turn, enhances the efficiency of these systems.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/geographic-information-system-market/report-sample

Geographic information systems are also increasingly being adopted by enterprises, on account of their ability to offer meaningful and accurate business intelligence, for efficient product management and marketing information about clients. In addition to this, many organizations are adopting these systems for accessing geographical data through software applications. The technology offers numerous useful features, such as organization data, enhanced decision making, and resource sharing, which make them highly sought-after in business operations throughout the world. The technology also helps the organizations in effective inter-departmental communication.

The other major factor propelling the demand for GIS is the soaring number of government measures, incentives, and initiatives in several countries, such as the ‘Digital India’ initiative in India, for promoting the incorporation of advanced technologies by businesses. Due to these factors, the geographic information system (GIS) market is predicted to witness a rise in its valuation from $10.8 billion in 2018 to $19.7 billion by 2024 and exhibit a CAGR of 10.7% during the forecast period (2019–2024).

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=geographic-information-system-market

Globally, the Asia-Pacific (APAC) region is expected to register the fastest growth in the adoption of GIS during the coming time period. This is mainly attributed to the rising need for this technology from India, China, Malaysia, and Indonesia. In the APAC region, China observed the highest usage of GIS in 2018, which is primarily ascribed to the large number of construction activities and smart city projects in the country, which require the implementation of geographic information systems in the planning and development processes.