Rising Awareness about Benefits of Geographic Information System Market in Agriculture to Drive Industry Growth


The Geographic Information Systems (GIS) Market Size is anticipated to reach USD 14.5 billion by 2025, rising at a Compound Annual Growth Rate (CAGR) of 12.4% between 2022 and 2025, according to a recent market research study by MarketsandMarketsTM. The development of smart cities and urbanisation, the incorporation of geospatial technology with established technologies for business intelligence, and the adoption of GIS solutions in the transportation industry, according to the report, are some of the major factors driving the growth of the global GIS market. Besides from offering (hardware, software, and services), function (mapping, surveying, telematics and navigation, and location-based services), industry, and geography, the study also identifies the GIS market as being segmented.

According to a survey, the mapping feature accounted for the highest portion of the worldwide GIS market in 2020. Construction, infrastructure, defence and security, transportation, agriculture, forestry, and the environment are just a few of the application fields where the usage of mapping technology has been expanding quickly. Better decision-making is made possible by mapping in the areas of site selection for agriculture, resource extraction, disaster management, urban planning, and transportation modelling. The paper contends that urban planning and smart city development initiatives in developing nations like China and India are what are fueling the expansion of the mapping function.

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GIS collectors to dominate the market for GIS hardware during the forecast period 

A survey claims that the growing need for GIS collectors for data capture and mapping in the agriculture, construction, and utilities sectors would cause them to predominate the GIS hardware market over the projection period. In closed or covered regions, such as deep woods, where alternative data collection methods may be difficult, GIS collectors provide dependable and precise data collection. Some GIS collectors have built-in GPS, cameras, and displays, as well as cellular modems. According to the paper, the GIS collector hardware type enables external GNSS/GPS receivers for better spatial data collecting and offers field data collection in both online and offline modes.

Transportation sector held the largest market size in the overall GIS market

In the entire GIS market, the transportation industry had the greatest market size, according to a survey. With the rise of telematics and navigation applications in particular, the demand for GIS-based technologies in the transportation sector has increased. GIS is being increasingly used in the transportation sector for tasks like managing roads and highways, tracking traffic in real-time, designing railroad routes, and modelling transportation. According to the report, the transportation industry will continue to play a significant role in driving the growth of the GIS market. 

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APAC expected to grow at the highest rate between 2020 and 2025

Asia-Pacific (APAC) is predicted to be the fastest-growing GIS market throughout the projected period, according to a report. According to the report, during the past ten years, rural and agricultural development in the APAC area has benefited from the use of geospatial technologies. GIS technology are being used by businesses in a variety of industries, including as agriculture, mining, engineering, and construction, to find future markets and make strategic decisions based on geographical data. In the APAC area, surveying and mapping technology is frequently used. The development of smart cities in China, India, and other Southeast Asian nations has increased demand for GIS in this region, adding to its anticipated high growth rate, the report further adds.

Major players involved in the GIS software market include Autodesk Inc. (US), Bentley System, Inc. (US), Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), and Trimble Inc. (US).

The other players in this market include Maxar Technologies Inc. (US), Hi-Target Surveying Instrument Co. Ltd. (China), TomTom International (Netherlands),SuperMap Software Co., Ltd (China), General Electric Co. (US), FARO Technologies, Inc. (US), L3Harris Technologies, Inc. (US), Takor Group Ltd. (Australia), Maptoss Technologies Pvt. Ltd. (India), Computer Aided Development Corporation Limited (UK), Blue Marble Geographics (US), and PASCO CORP. (Japan).

News Covered:

https://www.prnewswire.co.uk/news-releases/geographic-information-system-market-worth-14-5-billion-by-2025-exclusive-report-by-marketsandmarkets-tm--807489572.html 

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