Press release
Geographic Information System (GIS) Market Trends 2022 | Growth, Share, Size, Demand and Future Scope 2027
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
The global geographic information system (GIS) market reached a value of US$ 10.1 Billion in 2021. A geographic information system (GIS) is a technological device that integrates software, hardware and data for capturing, managing, displaying and analyzing geographically referenced information. It assists in mapping, rerouting design, navigating directions, landslide hazard zonation, accident analysis, and disaster management and mitigation. In addition, it aids in improving decision-making, communication, and geographic information recordkeeping.
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Market Trends
Rapid urbanization, rising popularity of map assistants, and increasing investments in developing smart cities are among the key factors strengthening the market growth. Moreover, the launch of mobile applications integrated with artificial intelligence (AI), voice assistance, location sharing solutions, remote sensor readings, and the internet of things (IoT) is favoring the market growth. Apart from this, GIS is gaining traction in the healthcare industry to track the spread of infectious diseases, which, in turn, is creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 21.1 Billion by 2027, exhibiting at a CAGR of 13.1% during 2022-2027.
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Geographic Information System (GIS) Market: 2022-2027 Analysis and Segmentation:
Breakup by Component:
Hardware
Software
Services
Breakup by Function:
Mapping
Surveying
Telematics and Navigation
Location-Based Services
Breakup by Device:
Desktop
Mobile
Breakup by End Use Industry:
Agriculture
Utilities
Mining
Construction
Transportation
Oil and Gas
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Autodesk Inc., Bentley Systems Incorporated, Caliper Corporation (PSI Services LLC), Computer Aided Development Corporation Limited (Cadcorp), Environmental Systems Research Institute Inc., General Electric Company, Geosoft Inc. (Seequent Ltd.), Hexagon AB, Maxar Technologies Inc., SuperMap Software Co. Ltd., Topcon Corporation and Trimble Inc.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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