Business Impacts of COVID-19 on GIS Market | Strategies of Major Industry Competitors


Posted July 8, 2020 by devanshuraizada1

Defense forces have always played a significant role in the lives of humans, ever since the beginning of civilization.
 
Apart from the defense & aerospace sector, industries which utilize GIS include healthcare, oil & gas exploration, telecommunications, water & wastewater, oil & gas refining, government, transportation & logistics, and engineering & business services. The government sector made the most use of GIS in the past, due to the fact that the governments of Canada and the U.S. are using the tool for analyzing food production sources, in order to eradicate hunger.

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Moreover, GIS is registering a high demand from the water & wastewater sector, on account of the strict government regulations, including Water Law of the People’s Republic of China and America’s Water Infrastructure Act 2018, for providing safe drinking water in major countries. The smart city project projects of China, where GIS is being utilized in development and planning, are further predicted to make APAC the fastest growing GIS market in the coming years.

In addition to this, the mapping of environmental degradation and climate changes is also being carried out for reporting and monitoring the changes. The utilization of GIS is projected to grow significantly in both North America and Asia-Pacific (APAC) in the near future, due to the increasing investments in GIS-based infrastructure by governments in both the regions.

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Defense forces have always played a significant role in the lives of humans, ever since the beginning of civilization. The need for protecting oneself from any sort of danger is a natural instinct in human beings. There is no doubt about the fact that today’s military and defense systems are quite different from what they were, say, during the times of the early man.
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Issued By Devanshu
Country United States
Categories Business
Last Updated July 8, 2020