Press release
Geographic Information System Global Market Expected to Witness $23.77 Billion with Impressive Growth at a 12.9% CAGR By 2028 | Google LLC, Trimble Inc., Airbus SE, Hexagon AB, Autodesk Inc.
Geographic Information System Global Market
The Business Research Company offers in-depth market insights through Geographic Information System 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 market size has grown rapidly in recent years. It will grow from $12.94 billion in 2023 to $14.61 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to government initiatives, increasing spatial data availability, rising demand for location-based services, expansion of infrastructure projects, growing awareness of spatial analysis.
The geographic information system market size is expected to see rapid growth in the next few years. It will grow to $23.77 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to rising demand for 3d mapping and modeling, expansion of smart city projects, increasing focus on environmental sustainability, adoption of cloud-based gis solutions. Major trends in the forecast period include augmented reality in gis applications, emphasis on real-time data and analytics, integration of iot with gis, growth of location-based marketing, rise of open-source gis platforms.
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Market Segmentation:
The geographic information system market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Function: Mapping, Surveying, Telematics And Navigation, Location-Based Services
3) By Device: Desktop, Mobile
4) By End User: Agriculture, Utilities, Mining, Construction, Transportation, Oil And Gas, Other End Users
Major Driver - Surging Deployment Of Defense-Related Satellites Drives Growth In The Geographic Information System Market
Increasing defense-related satellites are expected to propel the growth of the geographic information system market. 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. For instance, in January 2023, according to Jonathan's Space Report, a US-based space program researcher, there were 186 international space launches of defense-related satellites in 2022, with 182 of them being successful. Further, the US attempted to launch 78 defense-related satellites in 2022, with 72 flourishing, and China tried to launch 64 satellites in 2022, of which 62 made orbit. Therefore, the increasing number of defense-related satellites is expected to propel the growth of the geographic information system market.
Competitive Landscape:
Major companies operating in the geographic information system market report 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., Topcon Positioning Systems Inc., Environmental Systems Research Institute Inc., Bentley Systems Inc., Alteryx Inc., MDA Information Systems LLC, SuperMap Software Co. Ltd, Zondy Cyber Group Co. Ltd., KCI Technologies Inc, Geosoft Inc., Caliper Corporation, AiDash Inc, Blackshark.ai GmbH, Abley Ltd., CARTO, Cadcorp, Blue Marble Geographics, Hi-Target Surveying Instrument Co. Ltd.
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Top Trend - Pioneering Product Development In The Geographic Information System Market
Product Innovation is the key trend gaining popularity in the geographic information system market. 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.
The Table Of Content For The Market Report 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. Geographic Information System Market Size And Growth
…..
27. Geographic Information System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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