Geographic Information System (GIS) Market Report, Size, Share, Growth, Trends and Forecast 2027

According to the latest report by IMARC Group, titled "Geographic Information System (GIS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global geographic information system (GIS) market size reached US$ 10.1 Billion in 2021. 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.

A geographic information system (GIS) refers to a framework that assists in gathering, storing, managing and displaying data related to the various positions on the Earth's surface. It involves the usage of numerous data formats, such as digital, cryptographic and photographic data, to provide users with topographical information and relationships. These systems also organize different layers of information into visualizations using maps and 3D scenes to help individuals in making smarter decisions. Additionally, they provide additional insights into data, including patterns, relationships and situations, that further assist in routing in-car navigation, analyzing spatial information, pinpointing new store locations, reporting power outages, and forecasting the weather. 

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Global Geographic Information System (GIS) Market Trends:

The global market is primarily driven by the increasing integration of geospatial technology with mainstream technologies for business intelligence. This assists in offering improved insights into spatial patterns and relationships at reduced costs, thereby providing a thrust to the market growth. This is further supported by the continual developments in geo-analytics and integrated location-based data services. Apart from this, GIS finds extensive applications across the military and defense sector as it is widely employed as a key component in location intelligence, spy satellites and logistics management. The market is also driven by the rising integration of GIS solutions with cloud and Light Detection and Ranging (LiDAR) technologies for improved accuracy, which is anticipated to gain widespread prominence among the end users. Several players are also investing in the utilization of artificial intelligence (AI) with GIS to extract information from spatial big data. This has enabled various governments to develop smart cities by planning the infrastructure and tracking certain changes over a period of time. Some of the other factors contributing to the market growth include the widespread adoption of GIS in the agriculture sector for precision farming and the increasing penetration of the internet of things (IoT) platforms in business operations. 

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List of Key Companies Covered in this Market Report:

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
Trimble Inc.

Report Segmentation:

The report has segmented the market into the following categories

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

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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