The Geographic Information System (GIS) Market is anticipated to increase from USD 8.1 billion in 2020 to USD 14.5 billion by 2025, at a compound annual growth rate (CAGR) of 12.4% from 2020 to 2025, according to a recent industry research analysis. The development of smart cities and urbanisation, the incorporation of geospatial technology with established business intelligence technologies, and the use of GIS solutions in the transportation industry are some of the reasons that are fueling the growth of this market. The research also emphasises the market's segmentation by geography, sector, product, and function. Hardware, software, and services are all available on the market, including GIS collectors, total stations, and LiDAR. Mapping, surveying, telematics and navigation, and location-based services are among the GIS's capabilities. According to the survey, one of the main sectors driving the expansion of GIS solutions is the transportation industry. The study also offers details on opportunities and market growth trends in various international areas.

Key Players:

Some of the major players in the Geographic Information System (GIS) market are Environmental Systems Research Institute, Inc. (ESRI) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Autodesk, Inc. (US), Trimble Inc. (US), Bentley Systems, Incorporated (US), General Electric Co. (US), Blue Marble Geographics (US), Maxar Technologies Inc. (US), Caliper Corporation (US), Computer Aided Development Corporation Limited (Cadcorp) (UK), and ABACO Group (Italy).

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Driver: Development of smart cities and urbanization

Large amounts of geospatial data must be used for planning and implementation in the creation of smart cities and urbanisation. Land use management, monitoring zoning information, and keeping track of building occupancy data all require GIS systems. GIS connects with building information modelling (BIM) to design smart infrastructure and green buildings, and it delivers precise and dependable information for smart city planning and management. Smart city development uses GIS in a number of areas, including public works, utilities, and smart urban planning. GIS spatial analytical techniques are utilised to make smart decisions for managing urban expansion.

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

The mapping feature accounted for the biggest market share in the worldwide GIS market in 2020. The use of maps in decision-making for agriculture site selection, resource extraction, disaster management, urban planning, and transportation modelling is on the rise. As a result, mapping technologies are being swiftly embraced in a number of industries, including infrastructure development, transportation, agriculture, forestry, and environmental protection. Urban planning initiatives and the creation of smart cities in developing nations like China and India are major factors in the expansion of the mapping function.

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

Due to its capacity to provide dependable and precise data collecting in enclosed or covered environments, such as dense woods, GIS collectors are anticipated to dominate the GIS hardware market over the projection period. These collectors include cellular modems, GPS, cameras, and screens, among other technologies. The rise of the GIS collector hardware type is being driven by the rising need for GIS collectors in the agriculture, construction, and utility sectors. GIS collectors can be used with external GNSS/GPS receivers to optimise the spatial data collecting process and facilitate field data collection in both online and offline modes.

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

The total GIS market is dominated by the transportation industry because to the rising demand for GIS-based technology in this sector. With the advent of telematics and navigation applications, GIS is increasingly important in the transportation sector. GIS is being widely used in the transportation industry for a variety of purposes, including as managing highways and roads, monitoring real-time traffic data, designing railroad routes, and modelling transportation. The demand for GIS-based solutions is anticipated to increase in this industry as long as transportation remains an essential component of contemporary civilization.

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

The GIS market is anticipated to develop at the fastest rate between 2020 and 2025 in the APAC region. Geospatial technologies' increased application in rural and agricultural development during the previous ten years is credited with this expansion. Businesses in the APAC region are using GIS technologies to find potential markets and formulate strategies in the areas of architecture, engineering & construction, mining & manufacturing, and agriculture. The region also makes extensive use of surveying and mapping technologies. The growth of smart cities in Southeast Asian nations like China, India, and others has increased the demand for GIS in this area.

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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