rozersmith021According to IMARC Group’s latest report, titled “Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global geographic information system (GIS) market reached a value of US$ 10.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.1 Billion by 2027, exhibiting at a CAGR of 13.1% during 2022-2027.
A geographic information system (GIS) is a technological device that integrates software, hardware and data for capturing, managing, displaying and analyzing geographically referenced information. It assists in mapping, rerouting design, navigating directions, landslide hazard zonation, accident analysis, and disaster management and mitigation. In addition, it aids in improving decision-making, communication, and geographic information recordkeeping.
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Market Trends
Rapid urbanization, rising popularity of map assistants, and increasing investments in developing smart cities are among the key factors strengthening the market growth. Moreover, the launch of mobile applications integrated with artificial intelligence (AI), voice assistance, location sharing solutions, remote sensor readings, and the internet of things (IoT) is favoring the market growth. Apart from this, GIS is gaining traction in the healthcare industry to track the spread of infectious diseases, which, in turn, is creating a positive outlook for the market.
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List of Key Companies Covered in this Market Report:
- Autodesk Inc.
- Bentley Systems Incorporated
- Caliper Corporation (PSI Services LLC)
- Computer Aided Development Corporation Limited (Cadcorp)
- Environmental Systems Research Institute Inc.
- General Electric Company
- Geosoft Inc. (Seequent Ltd.)
- Hexagon AB
- Maxar Technologies Inc.
- SuperMap Software Co. Ltd.
- Topcon Corporation
- Trimble Inc.
Report Segmentation:
The report has segmented the market into the following categories
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Function:
- Mapping
- Surveying
- Telematics and Navigation
- Location-Based Services
Breakup by Device:
- Desktop
- Mobile
Breakup by End Use Industry:
- Agriculture
- Utilities
- Mining
- Construction
- Transportation
- Oil and Gas
- Others
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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