Geographic Information System Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis

[Research Report] The Geographic Information System (GIS) market is expected to grow from US$ 12.10 billion in 2022 to US$ 32.4 billion by 2031; it is estimated to grow at a CAGR of 13.1% from 2022 to 2031.

Analyst Perspective:

GIS is used to power millions of decisions every day all over the world, such as examining crime patterns, pinpointing novel store locations, directing in-car navigation, and predicting and forecasting the weather, among others. The growing demand for location-based analytics among businesses to enhance operational efficiency and improve decision-making is driving the market growth. Similarly, the necessity to combine traditional data with three-dimensional data to get valuable insights from location-based information might open up novel growth opportunities for the Geographic information systems (GIS) market over the next few years.

The penetration of Inter of Things (IoT) platforms in business operations is fueling the generation of real-time location data for providing extremely appropriate and location-specific services to customers. Furthermore, the integration of location-based information system with IoT devices delivers precise data to users using geospatial data analysis tools. For instance, an IoT-enabled device can be observed from anywhere in the world by means of geospatial data. Some of the foremost things that are making the market grow are urbanization and the growth of smart cities, the incorporation of geospatial technology with other technologies for business intelligence, and the increasing investments in modern geographic information system (GIS) solutions.

The rise in the need for improving operational efficiency among numerous industries boosts the market demand. However, the accessibility of open-source alternatives for geographic information system (GIS) software technology restricts the growth of the geographic information system (GIS) market. On the other hand, an increase in demand for geographic information system (GIS) solutions in small & medium enterprises is anticipated to provide remunerative growth prospects for the Geographic information systems (GIS) market during the forecast period.

Geographic Information System (GIS) Market Overview:

Geographic information systems (GIS) are a systematized collection of software, computer hardware, geographic data, and individuals designed to professionally store, capture, manipulate, update, analyze, and represent all forms of geographically referenced data and information. Location based information system operates on data principally bearing a relationship to space, which is comprehensive of any data about events and things that occur in nature. Most of the leading Geographic information systems (GIS) vendors have developed cloud solutions. The location based information system user community is well aware of the benefits of cloud computing, and there are several options – private vs. public clouds, for example – from which end-users can select according to their exclusive requirements.

In addition, the proliferation of mobile devices is touching each industry and application, and GIS are no different. Developments in technology and mobile computing are aiding organizations to take location-based information system to the field, and they interact directly with the information needed to capture, view, update, and synchronize changes between the office and field. The necessity to access geospatial data anywhere at any time is growing. With mobile devices – tablets and smartphones– users are putting location-based mapping in the hands of the field workforce and replacing conventional paper forms with modern electronic devices. The field workforce can use maps to improve the validity of data, record observations, and respond to actions. This can improve the efficiency of the field workforce and the accuracy. Thus, market demand is increasing from numerous industries.

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Geographic Information System (GIS) Market: Strategic Insights

Geographic Information System (GIS) Market

• Market Size 2023
  US$ 13.69 Billion
• Market Size 2031
  US$ 36.64 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Offering

• Hardware
• Software
• Services

Function

• Mapping
• Surveying
• Telematics & Navigation
• Location-based Services

End-user

• Oil & Gas
• Utilities
• Mining
• Construction
• Transportation

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Geographic Information System (GIS) Market Driver:

Increasing applications of Geographic information systems (GIS) in disaster management driving market growth.

The usage of location information solutions across numerous systems, such as flood management, forest fire management, carbon management, and climate change analyses, has made location based information system technology an effective tool in disaster management. The technology provides data on the geography and any deviations or changes in the typical data. Hence, the natural resources and government sector are profoundly dependent on this technology for disaster management.

For instance, the application of location based information system for forest fire management includes prescribed burn planning, fire risk assessment, forest fire simulation, and post-fire monitoring and assessment, and helps in simulating a forest fire. The application takes into consideration the fire-starting point, vegetation coverage, and topography using wind flow velocity and remote sensing. Thus, the usage of advanced technologies for disaster management and the growing use of information systems in such applications is anticipated to boost the global Geographic information systems market growth during the forecast period.

Geographic Information System (GIS) Market

Segmental Analysis:

The construction segment is anticipated to witness the maximum growth rate over the forecast period. Further, the growing application of information system in transport is expected to improve the Geographic information systems (GIS) market demand in the coming years. In agriculture, location information system technology is used to improve the effectiveness and efficiency of farming techniques. Therefore, wide applications of the technology are projected to fuel the growth of the market during the forecast period.

Based on offerings, the market is divided into software, hardware, and services. The services segment is anticipated to observe increased demand owing to the increasing use of spatial data analytics in numerous applications such as taxi aggregators, food delivery, and urban planning, among others. The hardware segment is expected to be one of the principal segments over the forecast period. Software-based location information system are widely used in spatial data analysis, digital mapping, spatial data processing, and spatial database management systems. Thus, the demand for the software segment is anticipated to increase substantially significantly during the forecast period.

The software segment of the market is projected to observe a rise in its year-over-year growth rate during the forecast period due to the increasing demand from the retail, telecommunications, and transportation sectors in developing countries. The growth of this segment is powered by the advantages related to information system software, which include intelligent linking and mapping, real-time global geographic visibility, and sophisticated sourcing across all the on-premises and cloud-based channels. Additionally, numerous commercial vendors provide open-source location software with limited features. Therefore, such benefits are anticipated to drive the segment growth during the forecast period.

Geographic Information System (GIS) Market

Regional Analysis:

The Asia Pacific Geographic information systems (GIS) market is anticipated to register a substantial CAGR during the forecast period. The growth is principally attributed to the increased use of location informatics in utilities, construction, and agricultural segments in the region. Countries such as Japan, China, and India witness a comparatively higher penetration rate of GIS compared to other countries. Thus, the market is anticipated to witness significant growth in these countries.

Europe contributes a significant market share in the market with foremost applications in transportation & logistics, utilities, and construction. MEA and South America are less penetrated by the location technologies and thus have great market potential to grow at a higher rate.

North America has a significant market share with a chief part of the revenue from desktop technologies. Being a pioneer in the adoption of progressive technologies across industries, North America is an attractive market. The US is one of the most prominent markets in the region. It is an important revenue contributor to the market in the region as it is the industrial capital of the world and a primary adopter of progressive technologies. Information system solutions are extensively used in the telecommunications and healthcare sectors in the US. Likewise, Canada also contributes pointedly to the market in the region. The government in the country is framing numerous action plans to revamp the healthcare sector and competently use the available resources. This will positively impact regional market growth.

Additionally, the industrial sector across the region is technologically mature and developed. The maturity of the sector leads to plenty of success stories that ultimately lead to a faster rate of technology implementation. Furthermore, the strong presence of major market vendors complements the overall market growth in the region. Therefore, all the factors mentioned earlier will boost the North American regional market growth over the forecast period.

Geographic information systems (GIS) Market

Key Player Analysis:

The market landscape consists of players such as Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc., Autodesk Inc., Trimble, Inc., Bentley Systems, Inc., General Electric, Blue Marble Geographics, Maxar Technologies, and Caliper Corporation are the key players owing to the diversified product portfolio offered.

Geographic Information System (GIS) Market

Recent Developments:

Companies in the market highly adopt inorganic and organic strategies such as mergers and acquisitions. A few recent key market developments are listed below:

• In March 2023, Esri, an American multinational geographic information system software company, released novel desktop software to easily synthesize all sources of information. The new desktop software turns raw data into decision support by combining data from numerous sources. Analysts can leverage 2D and 3D maps, built-in link analysis, imagery exploitation, graphs, and video to uncover trends, patterns, and relationships in data to inform decision-making.

Geographic Information System (GIS) Market Report Scope