Geographic Information System (GIS) Market New Research Study 2025
At a CAGR of 12.4% from 2020 to 2025, the Geographic Information Systems (GIS) Market Size is anticipated to increase from USD 8.1 billion in 2020 to USD 14.5 billion by 2025. Some of the key factors influencing the growth of the GIS market include the creation of smart cities and urbanisation, the incorporation of geospatial technology with other business intelligence-related technologies, rising investments in contemporary GIS solutions, expanding accessibility of spatial data, and cloud computing.
The geographic information system software market would expand at a faster CAGR during the anticipated timeframe.
Due to the growing usage of GIS in urban planning, disaster management, transportation management, and smart city development, the market for GIS software is anticipated to expand significantly during the forecast period. The use of GIS for business intelligence and marketing has risen with the integration of GIS with CRM and enterprise resource planning (ERP). The GIS market for software is anticipated to grow significantly during the forecast period with the introduction of cloud computing and artificial intelligence.
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During the projected period, the GIS market for the agriculture sector is anticipated to experience the greatest CAGR.
During the projected period, the GIS market for the agriculture sector is anticipated to develop at the greatest CAGR. GIS systems provide improved management of land resources, which helps farmers boost productivity and save expenses. Globally, GIS can lessen the susceptibility and danger of marginalisation for small and marginal farmers. Additionally, there is a sizable demand for GIS in the agricultural sector for managing crops, managing livestock, monitoring soil, and irrigation of farmlands. The expansion of the global agriculture industry is anticipated to fuel the growth of the GIS market, along with a rise in the use of technology in agriculture.
The geographic information system market will have the quickest growth in APAC over the anticipated timeframe.
The region with the fastest anticipated growth in the global GIS market is APAC. GIS is anticipated to be used in urban development and planning initiatives for smart cities due to the region's expanding infrastructure.
China is making significant investments in planning metropolitan areas and developing its infrastructure. This construction-related investment would expand the demand for geospatial surveying equipment including GNSS receivers and GIS data loggers. Opportunities for the GIS market in construction processes are being created by the expansion of the Japanese construction sector. Geospatial technologies that can assist different kinds of urban development initiatives are in high demand due to India's developing urban sector.
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Key Market Players
Several significant players in the geographic information system market include Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Autodesk Inc. (US), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co. Ltd. (China), Bentley Systems Inc. (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp)(UK), SuperMap Software Co. (China), Harris Corporation (US), and Maxar Technologies Inc. (US).
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