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Global Geographic Information System Market: Major Trends Reshaping the Future of the Industry
Geographic Information System Market
What Will the Geographic Information System Industry Market Size Be by 2025?
The market size of the geographic information system has seen a significant surge in the past few years. The progress is expected to continue, being projected to inflate from $14.29 billion in 2024 to $15.86 billion in 2025, with an annual growth rate of 11.0%. Factors such as government policies, augmentation of spatial data, surged need for services based on location, expansion of infrastructure plans, and a boosted understanding of spatial analysis credit for the growth observed in the historical period.
What's the Long-Term Growth Forecast for the Geographic Information System Market Size Through 2029?
Over the forthcoming years, the market size for the geographic information system is projected to witness rapid expansion, culminating in an estimated value of $27.56 billion in 2029, representing a compound annual growth rate (CAGR) of 14.8%. This acceleration during the forecast period is due to increased interest in 3D mapping and modeling, extensive expansion of smart city projects, a growing emphasis on environmental sustainability and the rising application of cloud-based GIS solutions. Key trends in the predicted period encompass the utilization of augmented reality in GIS applications, a focus on real-time data and analytics, integrating IoT with GIS, expansion of location-centric marketing, and the emergence of open-source GIS platforms.
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What Are the Key Growth Drivers Fueling the Geographic Information System Market Expansion?
The surge in defense-related satellites is projected to fuel the expansion of the geographic information system market. These artificial satellites are engineered to bolster defense and security agendas by furnishing vital information and facilities to military forces. Spatial data needed for decision-making is collected, filtered, analyzed, and displayed using geographic information systems, and defense-related satellites are key to this process. For example, Jonathan's Space Report, an American space program analyst, reported in January 2023 that there were 186 global launches of defense-related satellites in 2022, out of which 182 were triumphant. Additionally, the US embarked on 78 defense-related satellite launch attempts with 72 being successful, while China initiated 64 satellite launches in 2022, with 62 achieving orbit. Hence, the escalating count of defense-related satellites is predicted to drive the upswing of the geographic information system market.
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What Are the Key Trends Driving Geographic Information System Market Growth?
Product innovation has emerged as a leading trend in the geographic information system market, with major players focusing on the development of innovative offerings to solidify their market stance. For instance, SuperMap Software Co. Ltd., a company based in China that provides a suite of geographic information system products and software services, launched a new product, SuperMap iDesigner3D, in August 2023. This web app, constructed on SuperMap iClient3D for WebGL and implemented on the SuperMap iPortal portal software framework, enables users to create 3D models of infrastructure, pathways, and roads that align with geospatial landscapes, thus meeting online 3D geographical design needs. SuperMap iDesigner3D leverages vector data and modeling rules to build online batch modeling features that tap into true geographic surroundings. It allows for the scaling and modification of modeling features and substances and offers real-time electronic updates of the editing results, thereby significantly boosting the efficiency of data editing.
How Is the Geographic Information System Market Segmented?
The geographic information systemmarket 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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Which Companies Are Leading the Charge in Geographic Information System Market Innovation?
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.
Which Regions Are Leading the Global Geographic Information System Market in Revenue?
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
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