At a CAGR of 12.4% from 2020 to 2025, it is anticipated that the Geographic Information System (GIS) Market would increase from USD 11.4 billion in 2022 to USD 14.5 billion by 2025. Its expansion is ascribed to several factors, including the growth of smart cities and urbanisation, the incorporation of geospatial technology into other business intelligence technologies, and the use of GIS solutions in the transportation industry. The GIS market is covered by MarketsandMarketsTM's market research study according to product, function, industry, and region. The function segment consists of mapping, surveying, telematics and navigation, and location-based services, while the offering sector consists of hardware, software, and services. The report also looks at the global market in several regions.

Some of the major players in the Geographic Information System (GIS) market are Environmental Systems Research Institute, Inc. (ESRI) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Autodesk, Inc. (US), Trimble Inc. (US), Bentley Systems, Incorporated (US), General Electric Co. (US), Blue Marble Geographics (US), Maxar Technologies Inc. (US), Caliper Corporation (US), Computer Aided Development Corporation Limited (Cadcorp) (UK), and ABACO Group (Italy).

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Driver: Development of smart cities and urbanization

The expansion of the Geospatial Information System (GIS) industry is mostly due to the emergence of smart cities and urbanisation. GIS systems are essential for the design and administration of smart cities as they provide accurate, trustworthy, and organised data for zoning, building occupancy, and land use control. Moreover, GIS is a useful tool for integrating with building information modelling (BIM), which is crucial for the development of smart infrastructure and environmentally friendly structures. Smart utilities, smart public works, and smart urban planning are all examples of GIS applications in the creation of smart cities. GIS spatial analytical techniques are utilised to make smart decisions for managing urban expansion. GIS solutions are essential for the effective development of smart cities due to the vast volume of geospatial data needed for planning and execution of smart cities.

Mapping function held the largest market size in the overall GIS market

The Geospatial Information System (GIS) market's largest subset, with the highest share in 2020, is the mapping function. In many fields, including agriculture, resource extraction, disaster management, urban planning, and transportation modelling, mapping is an essential tool for decision-making. Construction, infrastructure, defence and security, transportation, agriculture, forestry, and the environment are just a few of the industries that are using mapping technologies more and more frequently. The development of smart cities and urban planning initiatives in developing nations like China and India are responsible for the expansion of the mapping function. Effective decision-making is aided by the mapping function, and the availability of precise and current geospatial data has made mapping a crucial tool for many different businesses.

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GIS collectors to dominate the market for GIS hardware during the forecast period

Over the forecast period, GIS collectors are anticipated to rule the hardware market for geographic information systems (GIS). In closed or covered regions, such as deep woods, where data collecting is difficult, GIS collectors provide dependable and precise data collection. These collectors are incredibly effective for data collection and mapping in a variety of industries, including agriculture, construction, and utilities because they come with cellular modems, GPS, cameras, and screens. GIS collectors offer field data collecting in both online and offline modes. For better spatial data collection, they also support external GNSS/GPS receivers. Due of these characteristics, GIS collectors are in high demand in the GIS market.

Transportation sector held the largest market size in the overall GIS market

The Geographic Information System (GIS) market's major sector is the transportation industry. The demand for GIS-based solutions is on the rise, with the transportation sector playing a significant role. GIS is anticipated to be extremely important in the transportation industry with the introduction of telematics and navigation applications. GIS is frequently used in the transportation sector for tasks like managing roads and highways, tracking traffic in real-time, designing railway routes, and modelling transportation. GIS systems offer vital data for making wise decisions and streamlining transportation operations. The requirement for effective transportation infrastructure and administration is the cause of the rising demand for GIS solutions in the transportation sector.

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APAC expected to grow at the highest rate between 2020 and 2025

Geographic Information System (GIS) demand is anticipated to expand most quickly in the Asia Pacific (APAC) region over the projection period. The usage of GIS technology across a number of industries, including agriculture, architecture, engineering and construction, mining and manufacturing, and surveying and mapping, has significantly increased in the region. The GIS market has expanded tremendously as a result of the use of GIS technologies in APAC's rural and agricultural development. The growth of smart cities in Southeast Asian nations, China, and India has significantly increased demand for GIS systems. Due to the rising need for GIS technologies across a variety of industries and the quick uptake of geospatial technology for rural and urban development, the APAC region is anticipated to have considerable growth in the GIS market.

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