Global Geographic Information System Market

April 25, 2022
ID: SR/ICT-153
Format:Pdf
Pages:220

Global Geographic Information System Market By Offering (Hardware, Software and Services), By Function (Mapping, Surveying, Telematics & Navigation and Location-Based Services), By End-User Industry (Agriculture, Oil & Gas, Architecture, Transportation, Utilities, Mining, Government, Healthcare, Retail and others) and By Region (North America, Europe, Asia-Pacific, South America, and The Middle East & Africa)-Global Forecast to 2028.

Description

Geographic Information System (GIS) Market Overview

The geographic Information System (GIS) Market was valued at USD 7.95 Billion in 2021, and it is estimated to reach USD 16.10 Billion by 2028, growing at a CAGR of 10.85% from 2022 to 2028. The development of geospatial technology and the advancement in the integration with different existing technologies, and the advancement of infrastructure projects in various countries are the prominent driving factors behind the growth of the Geographic Information System (GIS) Market.

What is Geographic Information System?

Geographic Information Systems is a computer-based tool created for capturing, storing, manipulating, analyzing, and managing data connected to the surface of the Earth. With the support of this technology, geographical data such as information from maps, global positioning systems (GPS), and ubiquitous data, like areas of landmarks and areas struck by the disaster, can be pictured. Raster data and vector data are two types of Geographic Information System data. GIS can display data associated with positions on the Earth’s surface.

The growth of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and the growing acquisitions in modern GIS solutions are some of the major factors driving the growth of the GIS market.

Growth Drivers

The rise in demand for GIS software for smart cities development and urban planning

Smart cities are data-driven and dependent on sharing of real-time awareness. Gathering data from thousands of IoT sensors and analyzing it by an enterprise GIS makes visualization of the data on a map for immediately actionable insights. These insights can track the delivery of city services and highlight areas where local council services need improvement. Local governments have also used Location-based analysis of IoT data to develop smarter parks, improve safety, and drive innovation. While developing smart cities projects, the GIS solutions are implemented to create a generalized location-enabled platform for use-cases analysis in smart cities environments. These include automated natural hazard monitor web GIS with SMS warning, climate monitoring, urban design, intelligent transportation systems, and disaster management SDI. GIS applications for the smart city include site selection & land acquisition, easier meeting legal compliance, planning, designing & visualization, construction & project management, operations & reporting. Specialists apply GIS in urban planning for analysis, modeling, and visualization. Users gain a detailed viewpoint on land and infrastructure by processing geospatial data from satellite imaging, aerial photography, and remote sensors. These advantages of GIS are driving the growth of the GIS software market.

Opportunities

Increasing Government Applications

The growing government applications in developing countries, such as China and India, are increasing the growth of Geographic Information systems. For example, the initiative of the Indian government toward the development of 100 smart cities across the country is expected to deliver considerable opportunities for the adoption of geographic information system solutions in urban planning, facility management, and water and wastewater management.

Restraints

Availability of open-source GIS software

The geographic information system is a well-established technology adopted by multiple organizations. Multiple vendors are offering the GIS software free of cost. It affects the sales of enterprise GIS software as similar functionalities of GIS software are available through open-source GIS software such as QGIS, Google Earth, and others. Thus, it is predicted to restrict the growth of the global geographic information system market.

Pre Covid-19 Impact on Global Geographic Information System Market

Before the Covid-19 Period, the Increase in demand for geographic information system (GIS) solutions in developing smart cities and urban planning, the promotion in the adoption of GIS software in facilities management, and the growth in adoption of GIS in transportation are the major factors that drive the growth of the global GIS software market. In addition, the adoption of cloud GIS and 4D GIS software is anticipated to offer significant geographic information system software market opportunities before the pandemic.

Covid-19 Impact on Global Geographic Information System Market

During the Covid-19 period, the wide usage of this technology has characterized the covid-19 pandemic to map the infection spread by tracking the travel history of infected people and pinpointing those who have had any contact with them. Further leveraged Geographic Information System to create time-enabled maps, track the spread of the virus over a period, and develop action plans.

As a result, the government sector is the largest user of geographic information systems. Governments have also carried out much disaster management and relief work, which have been at the forefront of covid-19 pandemic control.

Post Covid-19 Impact on Global Geographic Information System Market

After the Covid-19 period, the necessity to view, update, capture, and synchronize the differences between the field and the headquarters has pushed the need to set up Geographic Information systems, especially in the transportation and construction industry. Also, the growth in penetration of portable and mobile devices has made it viable for the workforce in the area to send and receive geospatial data and record observations, which improves the efficiency of the work in the field. These advantages are propelling the growth after the pandemic period.

By Offering Segmental Analysis

Based on offering, the global geographic information system market is segmented into Hardware, Software and Services. The Geographic Information System software market is anticipated to grow significantly due to the increasing usage in urban planning, disaster management, transport management, and smart city development. GIS integration with customer relationship management (CRM) and enterprise resource planning (ERP) has advanced GIS usage for business intelligence and marketing. With the start of cloud computing and artificial intelligence, GIS analytics software is expected to have significant potential to extend the GIS market for software during the forecast period.

By Function Segmental Analysis

Based on function, the global geographic information system market is segmented into Mapping, Surveying, Telematics & Navigation and Location-Based Services. Location-Based Services are expected to hold the most considerable CAGR in the forecast period due to the development of small enterprises from using outdated analytical tools to advanced analytical tools. The intense competition among the business competitors and fewer hardware costs also account for the expansion of SMBs.

By End-User Segmental Analysis

Based on end-user, the global geographic information system market is segmented into Agriculture, Oil & Gas, Architecture, Transportation, Utilities, Mining, Government, Healthcare, Retail and others. The Agriculture segment had the largest market share. The elements that can be credited for the large share of the agriculture segment include the help provided by the Geographic Information system – better utilization of resources and superior management by increasing productivity and reducing costs. Moreover, GIS is also used in soil management, irrigation, and livestock monitoring. The growth of the agriculture sector has improved the adoption of GIS and helped it evolve into the largest end-user.

By Regional Segmental Analysis

Based on region, the global geographic information system market is segmented into North America, Europe, Asia-Pacific, South America, and The Middle East & Africa. Asia-Pacific is anticipated to be the fastest-growing region in the global Geographic Information System market. With the increasing infrastructural growth in different regions, GIS is anticipated for smart city planning and urban development programs. China is investing heavily in infrastructure growth and urban area planning. This investment in the construction industry would increase the market for geospatial surveying technologies such as GNSS receivers and Geographical Information System collectors. The development of the construction industry in Japan is creating opportunities for the Geographical Information System market in construction operations. With the emerging urban sector in India, there has been a significant demand for geospatial technologies that can support various types of urban development schemes.

Competitors Analysis

The companies include Environment System Research Institute (Esri) Inc., Hexagon AB, Autodesk Inc., Schneider Electric SE, General Electric Company, Precisely Incorporated, SuperMap Software Co. Ltd., PASCO Corporation and other prominent players in the global geographic information system market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Geographic Information System and Manufacturing Firms
Local Governments
Regulatory bodies
Suppliers
Retailers

Recent Developments

In October 2019-Hexagon’s Geospatial division, a world leader in location intelligence solutions, established Power Portfolio 2020, the latest version of its highest photogrammetry, remote sensing, GIS, and cartography products.
In March 2019- ESRI established R&D Center in New Delhi, India. The latest location may concentrate on data science, deep learning, and artificial geospatial intelligence (GeoAI) solutions, revolutionizing spatial analytics to overwhelm some of the world’s biggest challenges.

Scope of the Report

Report Attribute	Details
Revenue in 2021	USD 7.95 Billion
The revenue forecast in 2028	USD 16.10 Billion
Growth Rate	CAGR of 10.85 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The companies Environment System Research Institute (Esri) Inc., Hexagon AB, Autodesk Inc., Schneider Electric SE, General Electric Company, Precisely Incorporated, SuperMap Software Co. Ltd., PASCO Corporation are the key players.

Market Modelling

By Offering

Hardware
Software
Services

By Function

Mapping
Surveying
Telematics & Navigation
Location-Based Services

By End-User Industry

Agriculture
Oil & Gas
Architecture, Engineering & Construction
Transportation
Utilities
Mining
Government
Healthcare
Retail
Others

By Region

North America
Europe
Asia Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

Request Sample

Frequently Asked Questions (FAQ):

What is the market size of the global geographic information system market?

The geographic Information System (GIS) Market was valued at USD 7.95 Billion in 2021, and it is estimated to reach USD 16.10 Billion by 2028, growing at a CAGR of 10.85% from 2022 to 2028.

What is a global geographic information system?

Geographic Information Systems is a computer-based tool created for capturing, storing, manipulating, analyzing, and managing data connected to the surface of the Earth.

What are the drivers in the global geographic information system market?

GIS applications for the smart city include site selection & land acquisition, easier meeting legal compliance, planning, designing & visualization, construction & project management, operations & reporting. Specialists apply GIS in urban planning for analysis, modeling, and visualization. Users gain a detailed viewpoint on land and infrastructure by processing geospatial data from satellite imaging, aerial photography, and remote sensors. These advantages of GIS are driving the growth of the GIS software market.

Who are the key players in the global geographic information system market?

Environment System Research Institute (Esri) Inc., Hexagon AB, Autodesk Inc., Schneider Electric SE, General Electric Company, Precisely Incorporated, SuperMap Software Co. Ltd., and PASCO Corporation are the key players in the global geographic information system market.

Which region is expected to have the largest share in the global geographic information system market?

Asia-Pacific is anticipated to be the fastest-growing region in the global Geographic Information System market. With the increasing infrastructural growth in different regions, GIS is anticipated for smart city planning and urban development programs.

Select License

We Accept

Analyst support

After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.

Customer satisfaction

According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.

Inimitable expertise

Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.

Assured quality

We have created a systematic way to determine standards and satisfy your expectations.

Instant delivery

Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.

Privacy policy

We understand the inkling of your privacy, we will never misuse your email address.

Custom research service

We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.

Quality & accuracy

We provide you with the accurate quality of the customized study of an exclusive report according to your research need.

Data visualization

As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.

Information security

We truly respect your privacy and promise to keep your personal and confidential information safe and secure.