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Surging Deployment Of Defense-Related Satellites Drives Growth In The Geographic Information System Market: An Emerging Driver Transforming The Geographic Information System Market Landscape
Geographic Information System
What Is the Projected Growth of the Geographic Information System Market?
In recent times, the market size of the geographic information system has experienced swift growth. It is projected to expand from $14.29 billion in 2024 to $15.93 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.5%. Factors contributing to the growth during the historical period include government initiatives, increased availability of spatial data, the rise in demand for location-based services, infrastructure project expansion, and heightened awareness regarding spatial analysis.
The market size for geographic information systems is predicted to experience swift expansion in the coming years, reaching approximately $27.72 billion by 2029 at a compound annual growth rate (CAGR) of 14.8%. The driving force behind this growth over the forecast period is the escalating demand for 3D mapping and modeling, the proliferation of smart city initiatives, an enhanced focus on ecological sustainability, and the increasing adoption of cloud-based GIS solutions. Noteworthy trends projected for the forecast period include the utilization of augmented reality in GIS applications, a greater emphasis placed on real-time data and analytics, the integration of IoT with GIS, the emergence of location-based marketing, and the rise of open-source GIS platforms.
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What Are the Different Geographic Information System Market Segments?
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
Subsegments:
1) By Hardware: GIS Workstations, Servers, GPS Devices, Data Storage Devices
2) By Software: GIS Software Applications, Spatial Analysis Software, Mapping Software, Cloud GIS Solutions
3) By Services: Consulting Services, Data Integration Services, Training And Support Services, Managed Services
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What Are the Primary Drivers Shaping the Geographic Information System Market?
The proliferation of defense-related satellites is projected to drive the expansion of the geographic information system market. These are synthetic satellites developed to bolster defense and security operations by delivering essential information and abilities to military services. The geographic information systems utilize defense-related satellites to collect spatial data for processing, analyzing, and presenting for decision-making purposes. As an example, in January 2023, Jonathan's Space Report, a US-based space program investigative body, reported 186 global space launches of defense-related satellites in 2022, of which 182 succeeded. Furthermore, in 2022, the US attempted to launch 78 defense-related satellites and achieved success in 72, while China attempted to launch 64 satellites, with 62 reaching their orbits. Consequently, the growing count of defense-related satellites is anticipated to drive the expansion of the geographic information system market.
Which Companies Are Leading in the Geographic Information System Market?
Major companies operating in the geographic information system market include 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.
What Are the Major Trends Shaping the Geographic Information System Market?
The trend of product innovation is becoming increasingly prominent in the geographic information system market. Leading companies in this market are focusing on the creation of novel products to solidify their market standing. A case in point is SuperMap Software Co. Ltd., a firm based in China that provides geographic information system software products and services. They introduced SuperMap iDesigner3D, a pared-down WebApp, in August 2023. Built on SuperMap iClient3D for WebGL, the WebApp is integrated with the portal software framework SuperMap iPortal. SuperMap iDesigner3D enables users to generate 3D models in bulk of buildings, trails, and roads that align with the geospatial environment, fulfilling online 3D geographic design needs. It employs vector data and modelling rules to establish online batch modelling features that make use of actual geographic environments. The webapp also supports modifications and changes to modelling features and materials while allowing for immediate digital updates of edited results, thereby markedly enhancing data editing efficiency.
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What Are the Top Revenue-Generating Geographies in the Geographic Information System Market?
North America was the largest region in the geographic information system market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geographic information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Geographic Information System Market?
2. What is the CAGR expected in the Geographic Information System Market?
3. What Are the Key Innovations Transforming the Geographic Information System Industry?
4. Which Region Is Leading the Geographic Information System Market?
Why This Report Matters:
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