GIS Market Expansion, Statistics, Industry Outlook, Size, Growth Factors and Forecast 2029


Posted August 17, 2023 by NilamMMR

GIS Market size was valued at US$ 10.24 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 12.5% through 2022 to 2029, reaching nearly US$ 23.37 Bn.
 
GIS Market Overview:

This GIS Market study looks at current and emerging industry trends and dynamics in the global GIS market. GIS Extensive market forecasting for the major market segments is carried out between 2023 and 2029. Extensive GIS market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide GIS market, key players are profiled and their strategies are thoroughly evaluated.

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GIS Market Scope:

The analysis contains a current examination of the present GIS market landscape, as well as the most recent trends and drivers, as well as an overview of the entire GIS market environment. Increased demand for GIS is driving the market. The GIS market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.

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GIS Market Segmentation:

by Component

Hardware
Software

by Function

Mapping
Surveying
Telematics and Navigation
Location-Based Services

by Application

Aerospace & Defense
Oil & Gas Exploration
Water & Wastewater
Government
Agriculture
Construction
Utilities & Mining
Transportation & Logistics
Engineering & Business Services
Oil & Gas Refining
Telecommunications
Healthcare

GIS Market Key Players:

1. Autodesk, Inc.
2. ESRI
3. Maxar Technologies
4. Environmental Systems Research Institute, Inc.
5. Hexagon AB
6. General Electric Co.
7. Pitney Bowes Inc.
8. Trimble Inc.
9. Topcon Corporation
10. Hi-Target Surveying Instrument Co. Ltd.
11. Beijing Unistrong Science & Technology Co., Ltd.
12. Bentley Systems Incorporated
13. Blue Marble Geographics
14. Caliper Corporation
15. Computer Aided Development Corporation Limited
16. Geosoft Inc.
17. Golden Software LLC
18. SuperMap Software Co., Ltd.
19. Harris Corporation
20. Manifold Software Limited

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Regional Analysis:

Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the GIS market study. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.

COVID-19 Impact Analysis on GIS Market:

The COVID-19 epidemic has had a significant impact on the global GIS industry. GIS Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the GIS market to decelerate in 2020. The negative impact of COVID-19 on the GIS market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for GIS.

Key Questions Answered in the GIS Market Report are:

Which segment was responsible for the largest share in the GIS market?
How was the competitive scenario of the GIS market in 2020?
Which are the key factors responsible for the GIS market growth?
Which region held the maximum share in the GIS market in 2020?
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Issued By MMR
Business Address Maximize Market Research
Country India
Categories Technology , Telecom
Tags gis market trend , gis market size , gis market demand , gis market analysis
Last Updated August 17, 2023