The Future of GIS Market: Emerging Applications and Industry Disruptors


The Geographic Information System (GIS) Market is anticipated to develop at a CAGR of 12.4% from 2020 to 2025, reaching a value of USD 14.5 billion. The expansion of smart cities, the adoption of GIS solutions in the transportation industry, and the integration of geospatial technology with other mainstream business intelligence technologies all contribute to the market. The market is divided into segments based on product type (hardware, software, and services), application (mapping, surveying, telematics and navigation, and location-based services), industry, and geographic location. Key industry companies such as Esri, Trimble, Hexagon AB, Pitney Bowes, and Autodesk are highlighted in the report.

Mapping function held the largest market size in the overall GIS market 

Due to its capability to provide superior decision-making for numerous industries, including agriculture, natural resource extraction, disaster management, urban planning, and transportation modelling, the mapping function held the highest share 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 areas where the usage of mapping technology is expanding quickly. In addition, urban planning and smart city development initiatives in developing nations like China and India have helped the mapping function's market share expand. Due to its rising demand across numerous industries, the mapping function is anticipated to continue holding the biggest market share in the GIS industry.

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

Due to the rising need for data capturing and mapping in a variety of industries, such as agriculture, construction, and utilities, the GIS collector hardware type is anticipated to dominate the GIS market throughout the forecast period. In enclosed or covered regions, such as dense woods, where conventional data collection methods might not be feasible, GIS collectors offer dependable and precise data collection. Also built within these collectors are a number of elements that increase their functionality, including as cellular modems, GPS, cameras, and displays. For better geographic data collection, GIS collectors support external GNSS/GPS receivers and offer field data collecting in both online and offline modes.

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

Due to the rising need for data capturing and mapping in a variety of industries, such as agriculture, construction, and utilities, the GIS collector hardware type is anticipated to dominate the GIS market throughout the forecast period. In enclosed or covered regions, such as dense woods, where conventional data collection methods might not be feasible, GIS collectors offer dependable and precise data collection. Also built within these collectors are a number of elements that increase their functionality, including as cellular modems, GPS, cameras, and displays. For better geographic data collection, GIS collectors support external GNSS/GPS receivers and offer field data collecting in both online and offline modes.

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

Throughout the forecast period, the GIS market is anticipated to expand most quickly in the Asia-Pacific (APAC) region. Over the past ten years, the region has seen a considerable increase in the use of geospatial technologies in rural and agricultural development. Businesses from a variety of industries, including mining, manufacturing, agriculture, engineering, and architecture, are also implementing GIS technologies to locate potential markets and make strategic decisions based on geographical data. The APAC region uses surveying and mapping technology often, and the growth of smart cities in nations like China, India, and other Southeast Asian nations has increased demand for GIS in this region.

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.com/news-releases/geographic-information-system-market-worth-14-5-billion-by-2025--exclusive-report-by-marketsandmarkets-301003566.html 

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