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  • Geographic Information System Market Growth Analysis | 2023-2028

    Geographic Information System Market Growth Analysis | 2023-2028

    Geographic Information System Market Growth Analysis | 2023-2028
    Report code - SRCE184 Delivery - 2 Weeks
    Geographic Information System Market Size, Share, Trend, Forecast & Industry Anal See more...

    Market Insights

    The Geographic Information System Market was estimated at US$ 10.91 billion in 2022 and is expected to grow at a healthy CAGR of 12.4% during 2023-2028 to reach US$ 22.11 billion in 2028.

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    What is a Geographic Information System?

    A Geographic Information System (GIS) is a computer-based system that captures, stores, analyzes, and displays geographical data. It combines spatial information, such as maps and satellite imagery, with attribute data, such as demographics or land use information. GIS allows users to visualize, interpret, and understand complex relationships and patterns within the data. It is widely used in various fields, including urban planning, environmental management, transportation, and emergency response. GIS enables tasks like mapping, spatial analysis, modeling, and decision-making by providing tools for data manipulation, query, and visualization. It helps organizations make informed decisions and solve spatial problems by leveraging the power of location-based data.

    Market Dynamics

    The geographic information system (GIS) market is experiencing remarkable growth, driven by several key factors that underscore its expanding relevance and applicability:

    1. Integration with Mainstream Technologies: One of the primary driving forces behind the GIS market's growth is the seamless integration of geospatial technology with mainstream business intelligence solutions. As organizations recognize the value of location-based data in decision-making processes, the demand for GIS integration with software like ERP, CRM, and data analytics tools is on the rise.

    2. Smart Cities and Urbanization: The global trend towards urbanization and the development of smart cities are significantly influencing the GIS market. Smart city initiatives rely heavily on GIS technology to manage and optimize urban infrastructure, enhance public services, and improve overall quality of life.

    3. Accessibility and Cloud-Based Systems: The increasing accessibility of spatial technology, coupled with the proliferation of cloud-based GIS systems, is reshaping the industry. Cloud-based GIS platforms offer scalability, real-time data sharing, and collaboration capabilities, making GIS more accessible to businesses of all sizes.

    4. Investments in Modern GIS Solutions: Another key factor driving the GIS market's growth is the surge in investments in cutting-edge GIS solutions. Governments, enterprises, and research institutions are allocating substantial resources to develop and deploy advanced GIS applications.

    5. Rising Data-Driven Decision-Making: In an era where data-driven decision-making is paramount, GIS plays a pivotal role. Its ability to provide spatial context to data empowers organizations to make informed choices across various sectors, including agriculture, environmental management, logistics, and disaster response.

    These converging factors underscore the growing significance of GIS in today's technology landscape. As geospatial technology continues to evolve and intertwine with other domains, the GIS market is poised for sustained expansion, offering solutions that enable businesses and governments to harness the power of location-based information for better decision-making and improved outcomes.

    Segments Analysis

    Geographic-Information-System-Market-Dominant-Segments

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    By Offering Type

    The market is segmented into hardware, software, and services. The hardware segment is further bifurcated into GIS collectors, imaging sensors, LiDAR, total stations, and GNSS/GPS antennas. The software segment is similarly bifurcated into desktop GIS, Server GIS, developer GIS, mobile GIS, and remote sensing software. The software segment is estimated to register the highest growth during the forecast period. Increasing use of GIS in urban planning, disaster management, transport management, and smart city development are the major factors contributing towards the growth of the segment.

    By End-Use Industry Type

    The geographic information system market is segmented as agriculture, oil & gas, building & construction, transportation, utilities, mining, government, healthcare, retail, and others. The agriculture segment is expected to witness the highest growth during the forecast period. There is increasing demand for GIS in the agriculture industry for livestock monitoring, crop management, and the monitoring and management of soil and irrigation of farmlands.

    Regional Analysis

    In terms of regions, North America is estimated to be the largest market for geographic information systems during the forecast period. Significant demand from the various end-use industries and the presence of major players in the region are the major factors behind the dominance of the region in the global geographic information system market. Asia-Pacific is estimated to portray the highest growth during the forecast period. China, Japan, South Korea, and India are the driving forces of the region’s market.

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    Key Players

    Some of the major suppliers of geographic information system are:

    • Autodesk Inc.
    • Environmental Systems Research Institute, Inc.
    • Hexagon AB
    • Pitney Bowes Inc.
    • Trimble Inc.
    • Topcon Corporation
    • Hi-Target Surveying Instrument Co. Ltd.
    • Bentley Systems Inc.
    • Caliper Corporation
    • Computer Aided Development Corporation Ltd.
    • SuperMap Software Co.
    • Harris Corporation
    • Maxar Technologies Inc.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Geographic Information System Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players).
    • SWOT analysis of key players (up to three players).

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The geographic information system market is expected to witness an impressive growth of 12.7% CAGR in the foreseeable future.

    Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc., Autodesk Inc., Trimble Inc., Topcon Corporation, Hi-Target Surveying Instrument Co. Ltd., Bentley Systems Inc., Caliper Corporation, Computer Aided Development Corporation Ltd., SuperMap Software Co., Harris Corporation, and Maxar Technologies Inc are among the key players in the geographic information system market.

    The Geographic Information System Market is expected to reach US$ 22.11 billion in 2028.

    North America is expected to be the largest geographic information system market during the next five years.

    The software segment is estimated to register the highest growth during the forecast period.

    The agriculture segment is expected to witness the highest growth in the geographic information system market in the coming years.