Market Insights:
The global GIS Market was valued at USD 7.2 Bn in 2021 and is anticipated to grow at a CAGR of 12.3% and is expected to reach USD 20.5 Bn by 2030.
Driver:
The increased adoption of GIS in the Communication Services industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for GIS also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of GIS in many sectors also boosts the market growth during the forecast period.
Geographic information is a software programme that is used to analyse, create, preserve, and map various types of data. It may also be linked to a map by merging location data with different descriptive data kinds, such as demographic data. Because of technological advancements, it is now able to analyse, analyse, and visualise geographic data in order to detect trends, patterns, and related investments. This technology has enabled the analysis, interpretation, and visualisation of geographical data in order to identify trends, patterns, and associated investments. GIS assists users in understanding relationships, trends, and geographical context. The UN has also begun preparing to use a geographic information system (GIS) to give location data to various businesses.
GIS Market Research Report” was just released by Market Research Community. It is divided into several categories, including Component (Hardware, Software, Services), Function (Mapping, Surveying, Telematics & Navigation, Location-Based Services), Data Type (Cartographic, Photographic, Digital, Tabular), Project Size (Medium, Small, Large), Industry (Mining, Agriculture, Aerospace & Defense, Oil & Gas, Government, Construction, Utilities, Telecommunications), and companies (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 and Trimble Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 12.3%, over the forecast period of 2022–2030
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 20.5 Billion |
| CAGR (2022-2030) | 12.3% |
| By Component | Hardware, Software, Services |
| By Function | Mapping, Surveying, Telematics & Navigation, Location-Based Services |
| By Data Type | Cartographic, Photographic, Digital, Tabular |
| By Project Size | Medium, Small, Large |
| By Industry | Mining, Agriculture, Aerospace & Defense, Oil & Gas, Government, Construction, Utilities, Telecommunications |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | 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 and Trimble Inc. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the GIS market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
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 and Trimble Inc.
Market Segment Analysis:
By Component
- Hardware
- Software
- Services
By Function
- Mapping
- Surveying
- Telematics & Navigation
- Location-Based Services
By Data Type
- Cartographic
- Photographic
- Digital
- Tabular
By Project Size
- Medium
- Small
- Large
By Industry
- Mining
- Agriculture
- Aerospace & Defense
- Oil & Gas
- Government
- Construction
- Utilities
- Telecommunications
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of GIS industries in the region.
Key GIS Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global GIS Market segments.
– Largest Market Share Held by Industry to Industry for GIS
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the GIS Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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