GIS Market Size, Scope, Growth Opportunities, Trends by Manufacturers and Forecast to 2025


At a CAGR of 12.4% from 2020 to 2025, the Geographic Information System (GIS) Market Size is anticipated to increase from USD 8.1 billion in 2020 to USD 14.5 billion by that year. Smart city development and urbanisation, business intelligence technology integration with geospatial technology, and the use of GIS solutions in the transportation industry are a few of the major reasons boosting the market's expansion.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55818039

One of the leading participants in the GIS market is Environmental Systems Research Institute, Inc. (Esri) (US), along with Hexagon AB (Sweden), Trimble Inc., Pitney Bowes Inc., Autodesk Inc., Topcon Corporation (Japan), Maxar Technologies Inc., Caliper Corporation, and Bentley Systems, Inc. With numerous large and small market competitors, the GIS market is extremely competitive. Some of the key tactics used by the players to expand in the GIS market include new product releases and developments, partnerships, agreements, contracts, collaborations, and acquisitions.

The US-based Environmental Systems Research Institute, Inc. (Esri) offers a wide range of GIS applications and Geodata services. Comprehensive offerings, solid financial performance, international strategic alliances, and a sizable customer base are among the company's core strengths. In order to provide its customers with technologically cutting-edge solutions, the company primarily concentrates on new product launches and developments. In FY2019, it introduced a number of new products with an emphasis on product improvement and the creation of cutting-edge geospatial technology.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=55818039

The business serves numerous industries as a provider of fundamental GIS solutions. Additionally, it emphasises inorganic expansion techniques to build its capacity to better serve various markets throughout the world. For instance, in 2020 Esri collaborated with automation software provider Open Systems International, Inc. (OSI). Customers in the electric, gas, and water utility industries would be able to use both OSI's monarch operational technology (OT) platform and Esri's ArcGIS Utility Network Management as a component of their geographic information system (GIS).

A wide variety of geographic information software is provided by Hexagon AB (Sweden) for the construction, public safety, natural resources, transportation & public service, and defence industries. In the GIS industry, Intergraph Corp. (US), a fully owned subsidiary of Hexagon, provides GIS software and services. Due to its cutting-edge technological capabilities, the company is able to provide a variety of cutting-edge goods for important industries, increasing market competition. As an illustration, the business debuted Power Portfolio 2020 in 2019 as the most recent iteration of its top photogrammetry, remote sensing, GIS, and mapping products.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/geographic-information-system-market-55818039.html

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers market is pro
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Circuits
Read more

Innovation Unleashed: RF Gallium Nitride Market Role in Emerging Technologies

Image
With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience substantial expansion from its estimated USD 1.3 billion in 2022. Over the course of the projected period, this forecast indicates a strong Compound Annual Growth Rate (CAGR) of 12.9%. The growing use of RF GaN devices in aerospace, defence, and military applications is driving up demand for them. GaN's commercial appeal is further enhanced by its appropriateness for Radio Frequency (RF) applications, which propels its wider adoption. With the growing need for sophisticated and high-performing RF semiconductor devices, the RF GaN Market is leading the way and is expected to grow significantly in the upcoming years.  Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597   Sumitomo Electric Device Innovations, Inc. (Japan), Qorvo, Inc. (US), WOLFSPEED, INC. (US), NXP Semiconductors (Netherlands), MACOM (US), Infineon Technolo
Read more