US: Research and Markets has recently announced the Geographic Information System Market 2016 – 2022 report of the Asia Pacific region. According to the report, adoption of GIS technology in the Asia-Pacific region is at its nascent stages, due limited awareness among the population in the region.
With limited government initiatives for the implementation of GIS in government and private sectors, the market has enormous potential that can be tapped by early movers in the region. Disaster management, land information, map viewing (cartography), infrastructure management, business information, military & defence (geopolitics), mineral exploration (geoscience), biological and others are the major applications of GIS.
The Asia-Pacific GIS market is segmented based on type into software, services and data. Based on verticals, the report segments the market into utilities, transportation, government agencies, retail, oil & gas, healthcare, financial services and telecom among others.
For better understanding of the market penetration of GIS technology in Asia-Pacific region, the market is studied across countries, namely China, Japan, India, South Korea, Singapore, Malaysia and rest of Asia-Pacific. Japan and China have already started implementing GIS in various industries, as a data tool to gain effective information about the market and other related data.
In addition, governments in these countries have announced various investment plans, which might boost the GIS market in the Asia-Pacific region. Growth of geospatial industry in China increased by approximately 3 times during the 11th five-year plan (2006-2010) with an annual investment of around USD 15 billion in 2010.
Source: Research & Markets