Latest News- GIS In Utility Industry Market: Software is expected to lead the Product segment during 2025-2029
The GIS In Utility Industry Market is being driven by Increased adoption of GIS solutions in utility industry
The GIS In Utility Industry Market is expected to grow at a CAGR of 19.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3553.4 million. In the utility industry, Geographic Information Systems (GIS) play a pivotal role in water resource management and agricultural applications. GIS technology aids utility companies in assessing and managing water resources through simulation models, enabling more informed decision-making. Interactive analysis tools measure water flow rates and turbidity, ensuring effective control over resources. Additionally, GIS monitors water quality parameters such as pH, oxygen, and bacteria content. In precision agriculture, GIS provides detailed spatial data on soil moisture, crop health, and irrigation requirements, optimizing water usage. Groundwater management is enhanced through GIS, which maps aquifer locations and monitors recharge rates, crucial in water-scarce regions. Overall, GIS is an indispensable tool for utility companies and farmers in managing water resources efficiently and sustainably.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Software, Data, Services) Deployment (On-premises, Cloud) Geography (North America, Europe, APAC, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in GIS In Utility Industry Market Research Report
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In the utility industry, Geospatial technology plays a pivotal role in various aspects such as Spatial Context for effective Site Selection, Land Acquisition, and Planning. It aids in Designing and Visualizing projects using Building Information Modeling and Augmented Reality (AR). Geospatial technology is essential for Smart City planning, including Water Management, Mapping Systems, Grid Modernization, Transportation, and Land Use Management. Startups and Software Solutions provide innovative Hardware and Geospatial Industry solutions for Smart Infrastructure Planning, Green Buildings, Smart Urban Planning, and Smart Utilities.
In the utility industry, Geographic Information Systems (GIS) plays a pivotal role in enhancing operational efficiency and effectiveness. The GIS market within this sector encompasses businesses specializing in Spatial Context, Site Selection, Land Acquisition, Planning, Designing, Visualizing, Building, and Project Management solutions. These companies offer software solutions that cater to the unique requirements of utility organizations, contributing significantly to the global application software market. The market size is determined by the consolidated revenue generated by these firms, providing specialized applications for smart city development and utility infrastructure management.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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