Geographic Information System Market Skyrockets to $19.30 Billion by 2031 Dominated by Tech Giants - Autodesk Inc., Topcon Positioning Systems, Inc. and Caliper Corporation | The Insight Partners

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The report carries out an in-depth analysis of market trends, key players, and future opportunities. In terms of function, the geographic information system market is categorized into mapping, surveying, telematics and navigation, and location-based services.

Market Overview and Growth Trajectory:

Geographic Information System Market Growth: According to an exhaustive report by The Insight Partners, the Geographic Information System Market is experiencing significant growth, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. The market, valued at $10.27 Billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.2% during 2023–2031. 

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The global logistics industry was valued at ~US$ 9.4 trillion in 2023 and is expected to reach US$ 9.9 trillion in 2024, with an annual growth rate of 5.3%, according to the United Nations Report in 2022. In the transportation and logistics sector, geographic information systems are used for live traffic monitoring and real-time vehicle tracking. GIS offers monitoring functions using visual display of the spatial data and provides precise geographical real-time positioning of monitored vehicles.

GIS mapping solutions are widely used to create new railway routes, roadways, and other transportation routes. Investments in the infrastructure development of roadways and railways across the globe continue to grow rapidly. According to the Global Infrastructure Outlook Report, in 2023, the global transportation infrastructure investment reached US$ 1.60 trillion. Geographic information systems are widely used in the analysis and visualization of spatial data while planning transportation infrastructure and management. It provides several benefits, such as improved efficiency, cost reduction, and safety and sustainability. According to the World Bank Organization, the Global Roads Inventory Project consists of more than 60 geospatial datasets related to road infrastructure. This dataset covers around 222 countries and includes a roadmap of 21 million km of roads.

Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by Europe and APAC. Europe is expected to register the highest CAGR during the forecast period.

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Key Players and Competitive Landscape:

The Geographic Information System Market is characterized by the presence of several major players, including:

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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Geographic Information System Market Segmentation, Applications, Geographical Insights:

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Geographic Information System Market Recent Developments and Innovations:

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Conclusion:

A geographical information system is used for resource management, scientific investigations, asset management, urban planning, environmental impact assessment, cartography, criminology, history, sales, marketing, and logistics. In August 2024, VHB launched GeoVHB, an internal geospatial platform powered by Esri's advanced ArcGIS technology, which is used by government agencies. GeoVHB is an integrated data set across different geographies merged into a centralized platform for firmwide access and use. It is a custom-built interface that is used as the geospatial data management platform for comprehensive applications.

With projected growth to $19.30 Billion by 2031, the Geographic Information System (GIS) Market represents a significant opportunity for component providers, system technology integrator, system manufacturers, investors, industry stakeholders, end-users and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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