Press release
GIS Market Expected to Reach US $23.38 Billion by 2029, with a CAGR of 12.5%
GIS Market
The market forecast till 2029 is based on real output, demand, and supply of 2021, while also considering estimations from key players worldwide. The research methodology utilized data from 2017 to 2021, considering the impact of the global lockdown in 2021 and 2022 on the market.
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What are GIS Market Dynamics?
The global GIS market is primarily driven by the rapid urbanization and the increasing demand for GIS solutions in enterprise applications, particularly in emerging economies. The implementation of LIDAR technology, availability of spatial data, and the rise of cloud technology also contribute to market growth. Moreover, businesses are adopting GIS for location-based analytics to enhance decision-making processes and operational efficiency. The integration of IoT platforms in business operations has further fueled the generation of real-time location data, offering highly relevant and location-specific services to customers.
Government initiatives focused on GIS-based infrastructure development play a significant role in the industry's growth. Vendors have introduced innovative products to meet government requirements in developing countries. Additionally, the expansion of facility management infrastructure has increased the penetration of enterprise GIS solutions. However, the high cost of GIS development, including software, hardware, and database expenses, acts as a hindrance to market growth. Skill development and high maintenance costs also limit the adoption of GIS systems by small- and medium-scale industries.
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What is GIS Market Segmentation?
By Component
• Hardware
• Software
By Function
• Mapping
• Surveying
• Telematics and Navigation
• Location-Based Services
By Application
• Aerospace & Defense
• Oil & Gas Exploration
• Water & Wastewater
• Government
• Agriculture
• Construction
• Utilities & Mining
• Transportation & Logistics
• Engineering & Business Services
• Oil & Gas Refining
• Telecommunications
• Healthcare
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Who are GIS Market Key Players?
• Autodesk, Inc.
• ESRI
• Maxar Technologies
• Environmental Systems Research Institute, Inc.
• Hexagon AB
• General Electric Co.
• Pitney Bowes Inc.
• Trimble Inc.
• Topcon Corporation
• Hi-Target Surveying Instrument Co. Ltd.
• Beijing Unistrong Science & Technology Co., Ltd.
• Bentley Systems Incorporated
• Blue Marble Geographics
• Caliper Corporation
• Computer Aided Development Corporation Limited
• Geosoft Inc.
• Golden Software LLC
• SuperMap Software Co., Ltd.
• Harris Corporation
• Manifold Software Limited
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Table of content for the GIS Market includes:
1. Global GIS Market: Research Methodology
2. Global GIS Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global GIS Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global GIS Market Segmentation
• Global Market, by Component (2021-2029)
• Global Market, by Function (2021-2029)
• Global Market, by Application (2021-2029)
5. Regional GIS Market (2021-2029)
• Regional Market, by Component (2021-2029)
• Regional Market, by Function (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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