Global Geographic Information System Market Study by Project Size and Application Forecast to 2030


Posted November 28, 2020 by Vidhyanigam98

Global Geographic Information System Market: Regions
 
Bharat Book Bureau Provides the Treding Market Research Report on "Global Geographic Information System Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030" under Media & Technology Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.

Global Geographic Information System Market : Market Segments: By Component (Hardware, Software and Services); By Function (Mapping, Surveying, Telematics and Navigation & Location-Based Services); By Data Type (Cartographic, Photographic, Digital &Tabular); By Project Size (Medium, Small, Large); By Application (Government, Construction, Utilities, Telecommunications, Mining, Agriculture, Aerospace & Defense, Oil & Gas and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

Product Overview
Recent developments in geospatial technology, such as geo-analytics, combined with the advantages of the GIS system, including cloud integration, have increased the rate of GIS adoption in different applications. The need to see, update, capture, and synchronize the changes between the field and the headquarters has given rise to the need to develop GIS systems, especially in the transport and construction sectors.

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Market Highlights
Global Geographic Information System Market is expected to project a notable CAGR of XX.X% in 2030.

Global Geographic Information System Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The growth of the GIS market is driven by the advancement of smart cities and urbanization, the convergence of geospatial technology with conventional business intelligence technologies, the growing investment in modern GIS solutions, and the increasing accessibility of spatial data and cloud technology.
Global Geographic Information System Market: Segments

Software Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Geographic Information System Market is segmented by component into hardware, software and services. The greater market share in 2019 was accounted for by the software segment and is expected to see the highest growth during the forecast period. This will be mainly due to the increasing need for field operations to be mapped, analytics tools to be incorporated, and geographic information to be handled and displayed through dashboards and reports.
Global Geographic Information System Market: Market Dynamics

Drivers
Rising Investments by Government Organizations
GIS technologies in disaster management applications, including flood management, forest fire management, carbon management, and climate change, are rapidly being implemented by the industry. Developed-country governments are heavily focused on geographic disaster management information systems.
High Cost of Installation

The initial high set up cost of the GIS framework and non-existence of authentic spatial data is the major factor hindering the growth of this market across the globe. In addition, it has been noted that the construction of a database and the management of the overall GIS framework require an ample amount of money.

Global Geographic Information System Market: Regions
Global Geographic Information System Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Geographic Information System Market in North America held the largest market share of XX.X% in the year 2018 owing to rapid digitization and high adoption of digital System. In the global GIS market, APAC is expected to be the fastest-growing region. GIS is expected to be used for smart city planning and urban development initiatives as infrastructural growth rises in different countries in the region. China is investing heavily in improving infrastructure and planning for urban areas. This investment will improve the demand for geospatial surveying technologies such as GNSS receivers and GIS collectors in the construction industry. The growth of the construction industry in Japan is generating opportunities in construction processes for the GIS market.

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Last Updated November 28, 2020