Geographic Information System - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Geographic Information System Market is accounted for $7.21 billion in 2019 and is expected to reach $21.15 billion by 2027 growing at a CAGR of 14.4% during the forecast period. Technological advancements such as integrated location-based data services and geo-analytics, increasing demand for this technology among the process industry, and integration of geospatial technology with mainstream technologies for business intelligence are some of the factors propelling the growth of the market. However, high cost and issues during installation are hampering the growth of the market.
Geographic Information System (GIS) is a computer framework designed to capture, store, manipulate, analyse, manage, and display geographical data in maps. GIS operates on data primarily bearing a relationship to space, which is inclusive of any data about things and events that occur in nature. GIS is used to search for information about the specific geographical area and helps to improve decision making about locations.
Based on the end-user, the agriculture segment is anticipated to hold considerable market share during the forecast period as geographic information system solutions assist farmers to attain increased productivity and reduced costs by enhancing the efficiency and effectiveness of farming techniques. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period owing to the rising infrastructural growth in various countries in the region and increasing use of geographic information systems (GIS) in agricultural, transportation, and construction industries in countries in the region.
Some of the key players profiled in the Geographic Information System Market include Trimble Inc., Bentley System, Inc., Tomtom International, Supermap Software Co., LTD, Pitney Bowes Inc., Maxar Technologies Inc., L3harris Technologies, Inc., Hexagon AB, General Electric Company, Environmental Systems Research Institute, Inc., Caliper Corporation, Blue Marble Geographics, Maptoss Technologies, Autodesk Inc., and Topcon Corporation.
Data Types Covered:
Project Sizes Covered:
• Telematics and Navigation
• Location-based Services (LBS)
• Mineral Exploration (Geoscience)
• Military & Defence (Geopolitics)
• Map Viewing (Cartography)
• Land Information
• Infrastructure Management
• Disaster Management
• Business Information
End Users Covered:
• Water & Wastewater Management
• Architecture, Engineering, and Construction (AEC)/ Business Services AEC
• Transport and Logistics
• Aerospace & Defense
• Oil & Gas
• Mining and Geology
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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