Geographic Information System (GIS) Market Worth US$ 21.1 Billion by 2027 at CAGR of 13.1% | IMARC Group

IMARC Group has recently released a new research study titled "Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global geographic information system (GIS) market reached a value of 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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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.

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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

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.