NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global GIS market size is estimated to grow by
USD 21.57 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of almost 20.89% during the forecast period.
Integration of bim and gis is driving market growth, with
a trend towards increasing use of GIS solutions for soil
and water management. However, lack of planning leads to
implementation failure of gis solutions poses a challenge.
Key market players include Alphabet Inc., AmigoCloud Inc., Autodesk
Inc., Bentley Systems Inc., Caliper Corp., Cadcorp Ltd., Esri
Global Inc., General Electric Co., Hexagon AB, Hi Target, Mapbox
Inc., Maxar Technologies Inc., Pitney Bowes Inc., Rolta India Ltd.,
Scanpoint Geomatics Ltd., Takor Group Ltd., TomTom NV, Topcon Corp,
Trimble Inc., and UrtheCast Corp..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Gis Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
20.89%
|
Market growth
2024-2028
|
USD 21574.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
17.01
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
35%
|
Key
countries
|
US, China, Canada,
Germany, and UK
|
Key companies
profiled
|
Alphabet Inc.,
AmigoCloud Inc., Autodesk Inc., Bentley Systems Inc., Caliper
Corp., Cadcorp Ltd., Esri Global Inc., General Electric Co.,
Hexagon AB, Hi Target, Mapbox Inc., Maxar Technologies Inc., Pitney
Bowes Inc., Rolta India Ltd., Scanpoint Geomatics Ltd., Takor Group
Ltd., TomTom NV, Topcon Corp, Trimble Inc., and UrtheCast
Corp.
|
Market Driver
GIS market growth is driven by the widespread use of GIS
solutions in soil and water management. These solutions enable
effective mapping of water resources for agricultural and
conservation purposes, as well as creating and tracking
agricultural water rights. Notable successes include the Kerala
Water Authority's 2015 project to manage water loss using GIS tools
from Big Raster and IBM. IBM's plans to develop GIS solutions for
water supply management in India,
in collaboration with the Bangalore Water Supply and Sewerage
Board, will further boost market growth. Real-time flow monitoring
and operational dashboards provide better water management and
equitable distribution.
The Gis Market is currently experiencing significant growth in
various sectors. Businesses are utilizing Geospatial Information
Systems (GIS) for location-based analysis and decision-making.
Producers are focusing on improving cartography and data
visualization. The use of drones and satellite imagery is
increasing for real-time monitoring and analysis. Urban planning
and transportation sectors are leveraging GIS for efficient
infrastructure management. Additionally, the integration of GIS
with other technologies like IoT and AI is a trending development.
The market is also witnessing a rise in the adoption of cloud-based
GIS solutions for cost-effective and scalable operations. Overall,
the GIS market is evolving rapidly, offering numerous opportunities
for businesses to optimize their operations and gain a competitive
edge.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The Global GIS market faces challenges due to the importance of
precise planning. Without proper planning, there's a risk of
investing in systems that don't meet end-user needs. Complexities
in data availability, such as outdated information or restricted
access, hinder effective analysis. Real-time data is crucial,
especially in disaster management applications. Satellite
technology and human-made changes also need accurate capture for
successful GIS implementation. These complexities may limit market
growth during the forecast period.
- The GIS market faces several challenges in the infrastructure
sector. Geospatial technology is crucial for urban planning and
management, yet the implementation of GIS systems requires
significant investment and technical expertise. The integration of
various data sources and formats can be complex and time-consuming.
Additionally, ensuring data accuracy and security is a major
concern. The adoption of GIS in developing countries is also
limited due to economic and infrastructural constraints.
Furthermore, the rapid advancement of technology necessitates
continuous upgrading and training. Lastly, the lack of
standardization and interoperability among different GIS systems
poses a significant challenge. Addressing these challenges requires
collaborative efforts from industry, academia, and government.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This gis market report extensively covers market segmentation
by
- Product
- 1.1 Software
- 1.2 Data
- 1.3 Services
- Deployment
- 2.1 On-premises
- 2.2 Cloud
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Software- The Global Industrial Gases (Gis)
Market is experiencing steady growth, driven by increasing demand
from various industries such as steel, chemicals, and healthcare.
Key players in this market include Air Liquide, Linde, and Praxair.
They provide a range of gases including oxygen, nitrogen, and
carbon dioxide. These gases are essential for various industrial
processes and medical applications. The market is expected to
continue growing due to expanding industries and increasing demand
for efficient production methods.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Global Geographic Information System (GIS) market
encompasses a wide range of applications in various sectors,
including Transportation, where GIS technology is utilized for
route optimization and real-time traffic management. In the realm
of Geospatial technology, GIS software solutions are integrated
with Hardware such as LIDAR and GNSS/GPS antennas to provide
accurate and detailed spatial data. Smart city planning is another
significant application, where GIS plays a crucial role in managing
urbanization, population growth, and infrastructure development.
Green buildings and Building Information Modeling (BIM) also
leverage GIS for energy efficiency and resource management. The 4D
GIS software facilitates visualization and analysis of
infrastructure projects in real-time. Augmented reality platforms
enhance the functionality of GIS by overlaying digital information
on the physical world. GIS Collectors enable data collection in the
field, while Cloud technology ensures data accessibility and
collaboration. The Transportation sector, Utilities, Oil and Gas,
Agriculture, and Urbanization are other major industries that
benefit from GIS technology. Natural disasters, Mobile devices,
Video games, Precision farming, and Soil mapping are additional
applications that demonstrate the versatility of GIS.
Market Research Overview
The GIS market encompasses geospatial technologies and solutions
that enable the visualization, analysis, and management of
location-referenced information. These systems utilize satellite
and aerial imagery, street maps, topographic data, and demographic
information to provide insights for various industries, including
transportation, utilities, real estate, and environmental
management. GIS technologies facilitate efficient decision-making,
resource allocation, and infrastructure planning. Additionally, the
integration of IoT, AI, and machine learning enhances the
capabilities of GIS systems, enabling predictive analytics and
real-time monitoring. The global GIS market is expected to grow
significantly due to increasing demand for location-based services
and advanced analytics.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Deployment
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio