The global geographic information systems (GIS) market size is likely to grow to USD 14.5 billion by 2026 at a CAGR of more than 12% during the forecast period [2019-2026]. Some of the major driving forces for this growth includes development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, growing investments in modern GIS solutions, and increasing accessibility of spatial data and cloud technology. The GIS software market is anticipated to grow significantly during the stated period due to increasing use of GIS in disaster management, urban planning, smart city development and transport management. With the emergence of cloud computing and artificial intelligence (AI), the global geographic information systems market is likely to expand by 2026.
The Asia Pacific region is expected to be the fastest-growing region in the global geographic information systems market. China is going to lead the GIS market due to the heavy investment in infrastructure development and urban area planning. The expansion of the construction industry in Japan is also going to create opportunities for the GIS market in construction processes. With an emerging urban sector in India, there is a considerable demand for geospatial technologies that would support various types of urban development projects.
GME published a research report on 13 February 2020 on Global Geographic Information System Market. According to the report, the global geographic information system market is estimated to witness a significant CAGR during the forecast period [2019-2026]. Development of smart cities and rapid urbanization are the major factors driving the market growth. Growing integration of geospatial technology with mainstream technologies for business intelligence and growing investments in modern GIS solutions are some of the major factors driving the market growth for geographic information systems. Increasing accessibility of spatial data and cloud technology are also boosting the growth of the GIS market.
On the basis of product, the global geographic information system market is segmented into hardware, software and services. The report goes on to talk about the performance of the global geographic information system market based on different segmentations. The first such segment is on the basis of function. On the basis of application, the global geographic information system market is segmented into mapping, surveying, telematics and navigation and location-based services. The second categorization is on the basis of industry. On the basis of industry, the global Geographic Information System market is segmented into agriculture, oil & gas, architecture, engineering, and construction, transportation, utilities, and mining, among others.
Lastly, the report presents a regional analysis of the global geographic information system market. On the basis of region, the global Geographic Information System market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The countries covered include: U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Saudi Arabia, UAE, and South Africa among others. The report provides qualitative & quantitative insights both at a regional as well as country level.
In the next section, the end-user landscape of the global geographic information system market has been discussed. The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Geographic Information System. The key end-users of the markets are Abraxas Petroleum Corp., Apache Corp. and Swift Transportation among others.
This section is followed by a discussion about vendor landscape. The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level.
The report ends with mention of some of the key players. Some of the key players operating in the Geographic Information System market are Autodesk Inc, Bentley System, Inc, Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc, Topcon Corporation, Trimble Inc, Maxar Technologies Inc, and Caliper Corporation among others.