Press release
Geographic Information System (GIS) Market Size, Share, Trends and Outlook 2023-2030
Geographic Information System (GIS) Market- DataM Intelligence 4Market Research
The Global Geographic Information System (GIS) Market size is estimated to reach at a high CAGR within the forecast period (2023-2030).
GIS is a sophisticated technology that uses geographical data and information to comprehend the world.
GIS technology creates maps, reports, and other information products by combining satellite images, aerial photography, and field surveys with statistical and other data. GIS users may construct accurate maps, examine spatial connections and trends, and make educated choices using the data.
GIS is growing in the oil and gas sector for exploration, production, and pipeline management. Companies use GIS technology to combine, analyze, and display geological, geophysical, and environmental data to decide where to drill for oil and gas and how to run their operations.
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Market Drivers: Rising incidence of eye health issues across the globe drives the Geographic Information System (GIS) market
Smart cities employ modern technology like GIS to enhance quality of life and develop sustainable urban environments. Smart cities need GIS technology to gather, manage, and analyze enormous volumes of data from sensors, cameras, and other IoT devices. Maps, infographics, and other information products may assist municipal authorities and stakeholders make better choices using the acquired data.
Real-time traffic maps created by GIS technology may assist municipal managers optimize traffic flow, minimize congestion, and enhance air quality. GIS can also map air and water quality to assist local managers identify pollution hotspots and take action. GIS can also monitor energy use, helping municipal authorities lower the city's carbon footprint and increase energy efficiency.
The GIS industry is also growing due to government and business sector use of GIS technology. GIS helps government agencies plan land use, manage resources, and respond to emergencies. Private companies utilize GIS for logistics, market research, and more.
Indian subcontinent nations like India are spending extensively in GIS technology to enhance smart city initiatives, creating enormous market growth prospects in the foreseeable term.
Market Segmentation: Growing demand for mapping solutions to create and display maps and to analyze and manage spatial data is boosting the segmental growth of the GIS market
Mapping, surveying, telematics, navigation, and location comprise the functional segments of the worldwide geographic information system (GIS) industry. In the market for geographic information systems (GIS), mapping is a significant player. A computer-based system used to collect, store, process, analyze, organize, and show spatial or geographic data is known as a geographic information system (GIS). Interactive maps that show a variety of data, such as infrastructure, natural resources, land use, and demographics, may be made using GIS technology. Numerous industries, such as urban planning, environmental management, transportation, and emergency response, employ GIS systems.
Market Companies: The key players contributing to the market's growth are Environmental Systems, Research Institute, Inc. (ESRI), Hexagon AB, Pitney Bowes Inc, Autodesk, Inc, Trimble Inc, Bentley Systems, Incorporated, General Electric Co, Blue Marble Geographics, Maxar Technologies Inc, Schneider Electric SE among others.
By Offering
• Hardware
• Software
• Services
By Function
• Mapping
• Surveying
• Telematics and Navigation
• Location
By End-User
• Electricity
• Oil & Gas
• Water
• Telecommunication
• Automotive
• Agriculture
• Medical and Healthcare
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
Geographical Share:
Growing government investment in smart cities and rapid urbanization is boosting the geographic information System (GIS) market in Asia-Pacific
The Geographic Information System (GIS) market in Asia-Pacific has grown significantly in recent years. Geographic Information Systems (GIS) demand in India has risen in recent years, owing to the country's growing need for efficient land and natural resource management, as well as the need for better decision-making in a variety of sectors such as urban planning, infrastructure development, and natural resource management.
Recent Developments:
In 2022, Schneider Electric announced it to extend its award-winning green and digital switchgear range with RM AirSeT.
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