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Geographic Information System Market Trends, Top Companies, Share, Growth And Forecast 2032
Geographic Information System Market
The Business Research Company's Geographic Information System Global Market Report 2023 identifies increasing defense-related satellites as the major driver for the geographic information system market's growth in the forecast period. Defense-related satellites are artificial satellites designed to support defense and security efforts by providing critical information and capabilities to military forces. Geographic information systems use defense-related satellites to gather spatial data for decision-making, filter it, analyze it, and present it.
The global geographic information system market is expected to grow from $11.43 billion in 2022 to $12.94 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The geographic information system market is expected to reach $20.82 billion in 2027 at a CAGR of 12.6%.
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Major competitors in the geographic information system market are Google LLC, Hitachi Solutions Ltd., General Electric Company, Airbus SE, International Business Machines Corporation, Oracle Corporation, Harris Corporation, Hexagon AB, Autodesk Inc., Trimble Inc., Pitney Bowes Inc., Fugro NV, Maxar Technologies Inc.
A key trend in the geographic information system market includes product innovation. Major companies operating in the geographic information system market are concentrating on developing innovative products to strengthen their position in the market. For instance, in August 2023, SuperMap Software Co. Ltd., a China-based company that offers geographic information system software products and services, launched SuperMap iDesigner3D, a minimalist WebApp built on SuperMap iClient3D for WebGL and implemented on the portal software framework SuperMap iPortal. SuperMap iDesigner3D permits subscribers to batch-create 3D models of structures, pathways, and roadways that coincide with the geospatial environment to comply with online 3D geographic design requirements. It uses vector data and modeling rules to create online batch modeling features that utilize real geographic environments. It facilitates the alteration and adjustment of modeling characteristics and substances, and it can update the edit results electronically in real-time, significantly improving data editing efficiency.
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The geographic information system market is segmented -
• By Component: Hardware, Software, Services
• By Function: Mapping, Surveying, Telematics And Navigation, Location-Based Services
• By Device: Desktop, Mobile
• By End User: Agriculture, Utilities, Mining, Construction, Transportation, Oil And Gas, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the geographic information system market.
The Business Research Company's "Global Geographic Information System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Geographic Information System Market Include:
1. Executive Summary
2. Geographic Information System Market Characteristics
3. Geographic Information System Market Trends And Strategies
4. Geographic Information System Market - Macro Economic Scenario
5. Global Geographic Information System Market Drivers and Restraints
……
32. Global Geographic Information System Market Competitive Benchmarking
33. Global Geographic Information System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Geographic Information System Market
35. Geographic Information System Market Future Outlook and Potential Analysis
36. Appendix
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