Geographic information system (GIS) plays a pivotal role in modern decision-making by integrating spatial data with various information layers. It enables users to analyze, interpret, and visualize complex geographical relationships, facilitating informed choices in fields such as urban planning, environmental management, and disaster response. GIS enhances resource allocation, optimizes infrastructure development, and aids in risk assessment. Its applications span diverse sectors, from healthcare to agriculture, fostering efficient data-driven solutions.
According to Data Bridge Market Research analyses the Global Geographic Information System (GIS) Market which was USD 9,270.2 million in 2022, is expected to reach USD 23,518.33 million by 2030, and is expected to undergo a CAGR of 11.90% during the forecast period 2023-2030.
"Rise in development of smart cities boosts the market growth"
The development of smart cities is significantly driven by the global geographic information system (GIS) market. GIS technology plays a pivotal role in creating intelligent urban ecosystems by integrating and analyzing geospatial data. It enables efficient urban planning, infrastructure management, and resource optimization. Smart cities leverage GIS for real-time monitoring, data-driven decision-making, and enhancing overall civic services. The seamless integration of GIS facilitates improved traffic management, emergency response systems, and sustainable development initiatives.
What restraints the growth of the global geographic information system (GIS) market?
“High costs hamper the market growth”
The high cost serves as a significant restraint in the global geographic information system (GIS) market. The implementation and maintenance expenses associated with GIS technology, including software, hardware, and skilled personnel, pose a barrier for many organizations. Small and medium-sized enterprises, in particular, may find it financially burdensome to adopt GIS solutions, limiting widespread accessibility. The expense of acquiring accurate and up-to-date spatial data further contributes to the overall high cost of GIS implementation.
Segmentation: Global Geographic Information System (GIS) Market
The global geographic information system (GIS) market is segmented on the basis of component function and end-user.
- On the basis of component, the global geographic information system (GIS) market is segmented into hardware, and software
- On the basis of function, the global geographic information system (GIS) market is segmented into mapping, surveying, telematics navigation, and location based services
- On the basis of end-user, the global geographic information system (GIS) market is segmented into agriculture, oil and gas, construction, mining, transportation, utilities, and others
Regional Insights: North America dominates the Global Geographic Information System (GIS) Market
North America dominates the geographic information system (GIS) market due to its widespread adoption of GIS technology from 2022 to 2029. The region's dominance is driven by a mature market ecosystem, advanced technological infrastructure, and a heightened awareness of the benefits of spatial data analysis. A crucial factor in North America's leadership is its commitment to research and development (R&D), aimed at refining and advancing GIS capabilities. This emphasis on innovation not only serves the existing user base but also attracts new applications, propelling market expansion.
The Asia-Pacific is expected to experience substantial growth during the forecast period from 2022 to 2029, due to the rapid pace of urbanization and the development of smart cities in the area. As nations within the region undergo significant urban transformations, there is a heightened demand for advanced technologies such as geographic information systems (GIS) to facilitate efficient urban planning, infrastructure development, and resource management. The construction and integration of smart cities, which leverage GIS for real-time data analysis and decision-making, further contribute to the escalating demand for GIS technology in the Asia-Pacific region.
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Recent Developments in the Global Geographic Information System (GIS) Market
- In June 2022 Hexagon, a market leader in sensor and digital solutions, champions startups for productivity and ESG impact, recognizing SmartParts and RIIICO in its Manufacturing Intelligence Division. The open innovation platform accelerates efficiency and sustainability in the manufacturing sector
- In June 2022 Bentley Systems launches Construct Helix through its Acceleration Initiatives, introducing a strategic SaaS solution for digitalized construction workflows. This move reinforces Bentley's commitment to revolutionizing infrastructure engineering software
The Prominent Key Players Operating in the Global Geographic Information System (GIS) Market
- Environmental Systems Research Institute, Inc. (Esri) (U.S.)
- Hexagon (Sweden)
- Pitney Bowes Inc. (U.S.)
- Autodesk Inc. (U.S.)
- Trimble Inc. (U.S.)
- Topcon (Japan)
- HiTarget (China)
- BENTLEY SYSTEMS, INCORPORATED (U.S.)
- Caliper Corporation (U.S.)
- Computer Aided Development Corporation Limited (Cadcorp) (U.K.)
- SuperMap Software Co., Ltd. (China)
- L3Harris Technologies, Inc. (U.S.)
- Maxar Technologies (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global geographic information system (GIS) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Geographic Information System (GIS) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
