Over $9.0 Billion Revenue Expected in Global GIS in Disaster Management Market By 2030 The global geographic information system (GIS) in disaster management market was valued at $2.3 billion in 2019. Furthermore, the market will advance at a CAGR of 13.7% from 2020 to 2030 and it is predicted to reach a value of $9.4 billion by 2030. The factors driving the advancement of the market are the increasing occurrence rate of natural disasters and the growing public awareness about mitigating the socioeconomic impact of various natural disasters. The GIS technology is being extensively used for emergency and disaster management applications such as the assessment of safe and secure shelter areas, the evaluation of emergency supply distribution, the identification of the potential impact of natural disaster on bridges, buildings, and roads, and the real-time monitoring and tracking of various early-warning signals. As per the Weather, Climate, and Catastrophe Insight: 2019 Annual Report, in 2019, 409 natural disasters occurred all over the world. Moreover, these disasters caused financial losses of as much as $232 billion. Apart from the high occurrence rate of natural disasters, the increasing adoption of the GIS technology by various government emergency management companies is also propelling the advancement of the GIS in disaster management market across the world. This is credited to the growing requirement for the deployment of advanced technologies for effectively managing various disaster situations, handling several search and rescue operations, and predicting emergency situations. Read More: https://www.psmarketresearch.com/market-analysis/gis-in-disaster-management-market-analysis