GIS Market Set for 12.4% CAGR Growth, Projected to Reach USD 14.5 Billion

Geographic Information Systems (GIS) Market Size is expected to grow at a compound annual growth rate (CAGR) of 12.4% between 2020 and 2025, from USD 8.1 billion to USD 14.5 billion.

Pune, 30/07/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The Global Geographic Information Systems (GIS) Market is poised for significant growth, expanding from USD 8.1 billion in 2020 to an anticipated USD 14.5 billion by 2025. This robust growth, at a compound annual growth rate (CAGR) of 12.4%, is driven by the increasing adoption of GIS technology across various sectors such as urban planning, disaster management, transportation, and natural resource management. The integration of advanced technologies like artificial intelligence (AI) and machine learning (ML) with GIS enhances data analysis and decision-making processes, further fueling market expansion. As organizations continue to leverage GIS for improved spatial data visualization and resource management, the market is set to witness sustained growth and innovation.

The growth of the Geographic Information Systems (GIS) Industry is being propelled by several key factors. The development of smart cities and rapid urbanization has significantly increased the demand for advanced spatial analysis and planning tools, making GIS an essential component for efficient urban development and infrastructure management. Additionally, the integration of geospatial technology with mainstream business intelligence solutions is enhancing data visualization and analytics capabilities, allowing organizations to gain deeper insights and make more informed decisions. The transportation sector, in particular, has seen a widespread adoption of GIS solutions for optimizing routes, managing assets, and improving overall logistics efficiency. These factors collectively drive the expanding role of GIS technology across various industries, fueling the market's robust growth trajectory.

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Geographic Information System (GIS) Companies:

• Environmental Systems Research Institute, Inc. (Esri) (US),
• Hexagon AB (Sweden),
• Trimble Inc. (US),
• Pitney Bowes Inc. (US),
• Autodesk Inc. (US),
• Topcon Corporation (Japan),
• Maxar Technologies Inc. (US),
• Caliper Corporation (US),
• Bentley Systems, Inc. (US).

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

In 2020, the mapping function dominated the Global GIS Market, reflecting its critical role in various application sectors. Mapping technologies facilitate enhanced decision-making processes across fields like agriculture, natural resource extraction, disaster management, urban planning, and transportation modeling. This technology is increasingly integrated into industries such as construction, infrastructure, defense and security, agriculture, forestry, and environmental management, owing to its ability to provide precise spatial data and analytics. The rapid urbanization and smart city development programs in emerging economies like India and China further underscore the growing demand for mapping solutions, as these regions invest heavily in modern infrastructure and urban planning initiatives. This trend highlights the expanding application and importance of mapping technologies in supporting sustainable development and efficient resource management.

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

GIS users often encounter challenges in collecting data in closed or covered areas, such as dense forests, where traditional methods may be ineffective. GIS collectors, equipped with features like cellular modems, GPS, cameras, and displays, provide a robust solution for acquiring reliable and accurate data in these environments. These devices are crucial for various sectors, including agriculture, construction, and utilities, where precise data collection and mapping are essential. As a result, the GIS collector hardware segment is projected to dominate the GIS market during the forecast period. These collectors support field data collection in both online and offline modes and can be paired with external GNSS/GPS receivers to enhance spatial data accuracy, making them invaluable tools for geospatial professionals working in challenging terrains.

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

The transportation sector has seen a growing demand for GIS-based technologies, driven by the rise of telematics and navigation applications. GIS plays a crucial role in enhancing efficiency and safety in transportation systems. It is widely adopted for various applications, including highway and roadway management, where it helps in planning and maintaining infrastructure. Real-time traffic data monitoring, facilitated by GIS, allows for dynamic traffic management and congestion mitigation. In railway route planning, GIS aids in optimizing routes and schedules, while in transportation modeling, it supports the analysis and prediction of traffic patterns and transportation needs. These applications underscore GIS's importance in the transportation industry, where it enhances decision-making, improves infrastructure management, and contributes to more efficient and effective transportation systems.

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

The Asia-Pacific (APAC) region is poised to be the fastest-growing market for Geographic Information Systems (GIS) during the forecast period. This growth is fueled by the increasing adoption of geospatial technologies for rural and agricultural development, alongside other industrial applications. Companies in various sectors, including architecture, engineering & construction, mining & manufacturing, and agriculture, leverage GIS technologies to identify potential markets and make strategic decisions based on geospatial data. Surveying and mapping technologies are widely used in the APAC region, supporting infrastructure development and resource management. The burgeoning development of smart cities in countries like China, India, and other Southeast Asian nations further drives the demand for GIS, as these technologies are integral to urban planning, infrastructure development, and efficient resource allocation in modern urban settings.

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