Press release
Geographic Information System (GIS) Market Impact and Opportunities During Coronavirus Lockdown and Forecast Assessment 2021-2030 | SuperMap Software Co. Ltd., Ubisense Group Plc.
Report Ocean releases its latest report on the global Geographic Information System (GIS) Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Geographic Information System (GIS) Market.The global geographic information system (GIS) market was estimated at US$ 8.1billion in 2020 and is forecast to reach US$ 17.6 billion by 2030. This market is expected to register a compound annual growth rate (CAGR) of 11.8% during the forecast period from 2021 – 2030.
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Factors Influencing
The growing advancements carried out with the integration of GIS system, and traditional technology has severely boosted the use of technologies in the business intelligence systems of the organization. Furthermore, the IoT (Internet of Things) devices and GIS system together help users get precise data regarding any location. Apart from that, the growing demand for location-based to check out the real-time status of any activity or location would drive the growth of the overall GIS market during the analysis period.
The exponential increase in geospatial information has further enhanced the applications of GIS systems in business sectors. The systems are also being used in the advertisement and marketing sector. Moreover, the growing use of mobile devices and SaaS-based cloud-computing technologies forecasts to influence the growth of the global geographic information system (GIS) market.
However, the high expenses required to set up a GIS system anticipate slowing down the growth of the global geographic information system (GIS) market. The adoption of GIS technologies has been reducing in small and medium enterprises. Thus, it could further decline the growth of the global geographic information system (GIS) market during the forecast period.
The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.
The reports on the Global Geographic Information System (GIS) Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Geographic Information System (GIS) Market growth rates.
Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Geographic Information System (GIS) Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.
Impact Analysis of COVID-19
A detailed study of Covid-19 impacts the Geographic Information System (GIS) Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Geographic Information System (GIS) Market segments.
While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.
Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.
The report extensively examines the fundamental aspects of the Global Geographic Information System (GIS) Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Geographic Information System (GIS) Market provides insight into the factors influencing its growth. This market study breaks down the Geographic Information System (GIS) Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.
Regional Overview
An analysis of the Geographic Information System (GIS) Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Geographic Information System (GIS) Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.
Leading Competitors
The leading prominent competitors in the global Geographic Information System (GIS) Market are:
Environmental Systems Research Institute Inc. (Esri), Macdonald & Company, Pitney Bowes Inc., Dettwiler and Associates Ltd., PASCO CORPORATION, SuperMap Software Co. Ltd., Ubisense Group Plc., Bentley Systems Incorporated, Schneider Electric SE and Autodesk Inc.
Scope of the Report
The global Geographic Information System (GIS) Market segmentation focuses on:
By Component
Software
Services
By End-User
Defense
Agriculture
Oil & Gas
Construction
Utilities
Transportation & Logistics
Others
By Function
Mapping
Surveying
Location-based Services
Navigation & telematics
Others
By Type
Desktop GIS
Server GIS
Developer GIS
Mobile GIS
Others
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