GIS Software Market to expand annually by 11.8 percent for the next seven years, revealed AMR

Increase in adoption of GIS for facilities management, integration of GIS with mainstream technologies for business intelligence, rise in demand for GIS software for smart cities development, and urban planning have fueled the growth of the global GIS software Market.

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Allied Market Research published a report, titled, “Geographic Information System Software Market: Global Opportunity Analysis and Industry Forecast, 2018–2025”. According to the report, the global GIS software market was valued at $3.24 billion in 2017 and is expected to hit $7.86 billion in 2025, registering a CAGR of 11.8% from 2018 to 2025. The the report provides an in-depth analysis of the key winning strategies, drivers & opportunities, market share, key segments, and competitive landscape.

High cost and availability of open-source GIS software have hampered the growth to some extent. Nevertheless, adoption of advanced technologies such as AR, VR, and IoT for GIS, emerging technologies such as geospatial AI, and development of 4D GIS Software have created a number of opportunities in the market.

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The global geographic information system software market is segmented based on component, type of GIS software, functions, end-user, and region. In terms of component, the market is divided into software and services. By type of GIS software, the market is classified into desktop GIS, server GIS, developer GIS, mobile GIS, and others. Based on function, it is fragmented into mapping, surveying, location-based services, navigation & telematics, and others. By end-user segment, it is divided into defense, agriculture, oil & gas, construction, utilities, transportation & logistics, and others. Based on the region, the GIS software market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The transportation and logistics segment to maintain its leadership status throughout 2018–2025

Based on end-user, the transportation and logistics segment accounted for nearly one-fifth of the total market in 2017 and is anticipated to remain dominant by 2025. Increase in adoption of advanced technologies such as connected cars, advanced telematics, and navigation systems has spurred the growth. Simultaneously, the agriculture segment is projected to grow at the highest CAGR of 14.0% during the study period.

North America to rule the roost

Based on region, North America contributed to more than one-third of the total market in 2017 and is expected to dominate throughout the forecast period. The factors contributing to the highest share of this market in the region include large amount of data generated everyday by multiple organizations and adoption of advanced technologies as well as digitalization.

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Market players in the industry have adopted several high-end strategies and have become successful in retaining their stronghold in the industry.

· Autodesk

· SuperMap

· Trimble

· ESRI

· Hexagon AB (Intergraph)

· Pitney Bowes

· Caliper

· Computer-Aided Development Corporation Limited (Cadcorp)

· General Electric Co.

· Bentley System

Key questions answered in the GIS Software Market research report:

• What is the growth rate of the GIS Software Market during the forecast period?

• What will be the global GIS Software Market size from 2019 to 2026?

• What are the leading manufacturing companies in the GIS Software Market?

• How the major current trends will shape the market in the future?

• What are the driving factors and opportunities in the GIS Software Market?

• Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

• Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?

• What are the conclusions of the GIS Software Market report?

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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