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Research and Markets publishes new report on India’s geospatial market

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Research and Markets has announced the addition of the “India‘s Geospatial Market and Prospects” report to their offering.

India: Market research firm, Research and Markets, has announced the addition of the “India‘s Geospatial Market and Prospects” report to their offering. This report stresses on the importance of geospatial technology to sustain India‘s growth curve. It highlights the trends, opportunities and growth potential for geospatial technology in India, which is currently valued at $4 billion.

The report highlights a huge potential for this technology in India to make a key difference in fulfilling government’s vision of a Digital‘ and Connected’ India as well as how it can serve as a backbone of business intelligence in the country. It also talks about all the flagship programs of the government that has substantial geospatial component and covers the geospatial landscape and growth prospects in India in coming years.

The report in its key findings, states, though it’s not in an advanced stage of implementation in most sectors, the applications of geospatial technology has definitely found new avenues in recent times. The report also listed satellite imagery and GIS as two of the most used technologies in the agriculture sector. Increased demand of onboard sensors for mapping and monitoring is visible.

Policy mandates drive usage of GNSS, remote sensing and GIS in the areas of disaster management Visualization and interpretation of disasters is the key to usage of digital maps. Majorly geospatial technologies are implemented for forest cover assessment and environmental modelling.

The report covers a major industrial aspect of India, which involves infrastructure, urban development, electricity, agriculture, water resources, forest environment and climate change, and disaster management.