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Geographic Information System (GIS) Software Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Google LLC, Hitachi Solutions Ltd., General Electric Co., Oracle Corporation, Fujitsu Limited, Salesforce Inc
Geographic Information System (GIS) Software Market Trends
The Business Research Company offers in-depth market insights through Geographic Information System (GIS) Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The geographic information system (GIS) software market size has grown rapidly in recent years. It will grow from $8.24 billion in 2023 to $9.46 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to government and defense applications, urban planning and infrastructure development, environmental conservation, consumer navigation and location-based services.
The geographic information system (GIS) software market size is expected to see rapid growth in the next few years. It will grow to $16.31 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to IOT and sensor integration, smart cities and iot, climate change mitigation, healthcare and epidemiology. Major trends in the forecast period include cloud-based GIS, location intelligence, indoor mapping and navigation, artificial intelligence (AI) and machine learning (ML) integration.
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Market Segmentation:
The main types of component of GIS software are software and services. Software is a collection of instructions, data, or programs that are used to run machines and carry out specified activities. The other types are desktop GIS, server GIS, developer GIS, mobile GIS and others with functions such as mapping, surveying, location-based services, navigation and telematics and others. The industry verticals are automotive, energy and utilities, government, defense and intelligence, smart cities, insurance, natural resources and others.
Major Driver - Elevated Mobility And Transportation Trends Propel Growth In The Gis Software Market
The increased mobility and transportation are expected to propel the growth of the GIS software market in the coming future. mobility is the capacity or tendency to shift from a particular position or circumstance to a better one. Transportation is the act of moving people or goods from one place to another by a variety of modes. GIS software is used in mobility and transportation to analyze investment plans for public transport to determine how accessibility can be increased by route planning and analysis, traffic analysis and management. For instance, in November 2022, according to the United States Bureau of Transportation Statistics, a US-based organization that collects, analyzes and disseminates data about the nation's transportation, the US transportation sector's contribution to GDP increased from 5.4% in 2020 to 5.6% in 2021. Further, In-house air, railroad, water and freight transport increased by 0.1% points (from 0.9% in 2020 to 1.0% in 2021). Therefore, increased mobility and transportation are driving the GIS software market.
Competitive Landscape:
Major players in the geographic information system (gis) software market are Google LLC, Hitachi Solutions Ltd., General Electric Co., Oracle Corporation, Fujitsu Limited, Salesforce Inc., NEC Corporation, Hexagon AB, Autodesk Inc., Trimble Inc., Pitney Bowes Inc., Tyler Technologies Inc., Esri Global Inc., Bentley Systems Incorporated, TomTom N.V., GB Group PLC, SuperMap Software Co. Ltd., Safe Software Inc., CoreCompete LLC., Caliper Corporation, QGIS, CartoDB Inc., ThinkGeo LLC., Cadcorp Limited, Golden Software LLC, Blue Marble Group Inc., Terra Gis Ltd., MangoMap LIMITED, PASCO Corporation, Open Source Geospatial Foundation.
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Top Trend - Market Leaders In Gis Software Embrace Artificial Intelligence For Cutting-Edge Solutions
Major companies operating in the GIS software market are concentrating on developing innovative artificial intelligence products to strengthen their position in the market. AI in GIS software is the application of AI technology to improve the intelligence of GIS applications, such as AI attribute collection, AI surveying and mapping. For instance, in September 2022, SuperMap Software Co. Ltd., a China-based developer of Geographic Information System software products and services, launched SuperMap GIS 11i (2022) at the fifth conference of GIS Software Technology. SuperMap GIS 11i (2022) includes multiple enhancements, including video spatialization with multi-source based on AI GIS and big data GIS, four new 3D GIS capabilities, Cloud-Native GIS 2.0 of distributed GIS and the open-source spatial database Yukon. SuperMap GIS 11i (2022) includes Web processing automation (WebGPA), data management, classical geographic analysis and distributed analysis capabilities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Geographic Information System (GIS) Software Market Characteristics
3. Geographic Information System (GIS) Software Market Trends And Strategies
4. Geographic Information System (GIS) Software Market - Macro Economic Scenario
5. Geographic Information System (GIS) Software Market Size And Growth
…..
27. Geographic Information System (GIS) Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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