The global geographic information system market is estimated to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the infrastructural developments such as rising number of smart cities, growing advancement in water and land management, and rapid construction due to urbanization.
Geographic information system (GIS) is a computerized tool that enables the services of capturing and analyzing geographic data. A GIS integrates various types of data and organizes these information layers into visualizations using maps and 3D techniques. Additionally, GIS is used to manage inventory, establish routes, monitor and manage vehicles, locate target customers, and manage information networks. It is extensively adopted for various applications across industries such as telecommunications, utilities, government, healthcare, retail, military, and transportation.
The growing penetration of the Internet of Things (IoT) platforms in business operations has led to the generation of real-time location data, which offers highly relevant and location-specific service to the consumers. Recent government initiatives towards growth and development of smart cities are boosting the demand of GIS technology, which enables a highly connected infrastructure.
For instance, in January 2017, the Government in India announced various plans regarding utilization of geospatial technology for smart cities project. The government focused on using geospatial technology to accomplish its vision to build 100 smart cities across the country. The geospatial technology offers effective and integrated planning by using real-time location data analytics. Meanwhile, technological advancements in GIS such as geo-analytics and integrated location-based data services are key factors that push to increase the adoption of GIS across industries.
Market Drivers, Restraints, Trends, and Opportunities
- Growing demand for integration of conventional data and spatial data to obtain key insights from location-based information is expected to offer various growth opportunities for the GIS market players during the forecast period.
- Rising demand for advanced technology to be used for monitoring of natural disaster forecast and other geographical hindrances in various regions is a key factor driving the market growth.
- Rapid growth of the construction industry along with rising demand for technical solution for effective land management systems are expected to drive the market expansion during the forecast period.
- Increasing demand for adoption of GIS in video games is expected to spur the market growth.
- Rising investments in GIS solutions and integration of mainstream technology such as geospatial technology are the key factors anticipating the growth of GIS market.
- High cost of the installation of GIS technology along with other geospatial barriers regarding data capturing are key challenges expected to restrain the market growth during the forecast period.
- Lack of expertise and awareness regarding GIS is further hampering the market growth.
- Availability of free GIS solutions over the internet is adversely affecting the market growth.
Scope of Geographic Information System Market Report
The report on the global geographic information system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Geographic Information System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Components (Hardware, Software, and Services), Usage (Surveying, Mapping, and Navigation), and Applications (Transport & Logistics, Agriculture, Construction, Mining & Geology, Oil & Gas, Aerospace & Defense, Utilities, and Government)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Autodesk Inc., AutoNavi Software Co., Ltd., Bentley Systems, Inc., CARTO, Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc., SuperMap Software Co., Ltd., Topcon Positioning Systems, and Trimble, Inc.
Geographic Information System Market Segment Insights
Services segment anticipated to account for a significant market share
Based on components, the market is segmented into hardware, software, and services. The services segment is anticipated to account for a significant market share during the forecast period. Increasing use of spatial data analytics in a wide range of applications such as food delivery, urban planning, and taxi aggregators is expected to fuel the segment growth.
On the other hand, the software segment is projected to exhibit a CAGR of more than 7% during the forecast period owing to extensively used of the software in spatial data analysis, spatial database management systems, spatial data processing, and digital mapping in various development projects across countries.
Navigation segment expected to constitute a considerable market share
On the basis of usage, the global geographic information system market is divided into surveying, mapping, and navigation. The navigation segment is expected to constitute a considerable market share in the coming years owing to rising demand for the technology from automotive, transport & logistics, and defense sectors.
Contrarily, the surveying segment is projected to expand at a healthy CAGR during the forecast period owing to the rising usage of the technology for various survey purposes. Surveyors use GIS to gather, analyze, and deliver accurate data. GIS solutions provide a location conduct spatial analysis, overlay data, and integration of systems and solutions. Additionally, the technology offers to manage, share, and analyze data easily that save time and efforts of surveyors.
Construction segment projected to represent a large market share
On the basis of applications, the market is categorized into transport & logistics, agriculture, construction, mining & geology, oil & gas, aerospace & defense, utilities, and government.
The construction segment is projected to represent a large market share during the forecast period owing to the rapidly growing construction activities impacted by urbanization especially in developing regions. The GIS technology is widely used in the urban planning such as value and flatness of land as well as availability of facilities such as electricity and water in those targeted areas. However, the transport segment is expected to exhibit a substantial CAGR during the forecast period. Rising adoption of the global positioning system (GPS) in the transport and logistics sector is expected to boost the segment growth.
Asia Pacific is a fast-growing market
In terms of regions, the global geographic information system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is projected to exhibit a significant CAGR during the forecast period owing to the rising construction activities and rapid growth of the agricultural and utilities sector in this region. Emerging economies such as China, Japan, and India are investing heavily to establish several smart cities and other infrastructure development activities, which is expected to boost the regional market growth.
On contrary, the market in Europe is estimated to expand at a substantial CAGR during the forecast period. The increasing adoption of the GIS technology across industries such as transportation, utilities, and construction in the region are major drivers for the regional market expansion.
The global geographic information system market has been segmented on the basis of
- Transport & Logistics
- Mining & Geology
- Oil & Gas
- Aerospace & Defense
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Autodesk Inc.
- AutoNavi Software Co., Ltd.
- Bentley Systems, Inc.
- Environmental Systems Research Institute, Inc.
- Hexagon AB
- Pitney Bowes Inc.
- SuperMap Software Co., Ltd.
- Topcon Positioning Systems
- Trimble, Inc.
Key players in the global geographic information system market are Autodesk Inc., AutoNavi Software Co., Ltd., Bentley Systems, Inc., CARTO, Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc., SuperMap Software Co., Ltd., Topcon Positioning Systems, and Trimble, Inc. Some of these players are focusing on the integration of LiDAR and cloud GIS solutions into their portfolio.