The geographic information system (GIS) sector in India is undergoing a revolutionary transformation, driven by urban development and cutting-edge technologies.
The critical role of GIS in shaping the country's urban and economic landscape while positioning India as a significant contributor to the Asia-Pacific GIS market.
Globally, the GIS market is set to grow from its current size of approximately USD 11 billion to USD 24.61 billion by 2034, reflecting a compound annual growth rate (CAGR) of 8.71 per cent, according to Precedence Research.
Developing economies like India and China are expected to play pivotal roles in this expansion, thanks to robust urban development and infrastructure projects, particularly smart city initiatives.
This story is from the November 22, 2024 edition of The Business Guardian.
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This story is from the November 22, 2024 edition of The Business Guardian.
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