GIS Market Industry Revenue, Advancement Strategy and Geographical Market Performance And Forecast 2029


Posted August 10, 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 :

Maximize Market Research, a leading firm, has published a comprehensive report on the GIS Market. The report provides an overview of the market, including its scope, research methodology, gross profit margin, cost market share, market capability, and supply and demand analysis. This data helps identify key drivers that impact market growth. The report also highlights key industries and presents widely available data.

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GIS Market Report Scope and Research Methodology :

The GIS Market report encompasses insights into the primary catalysts, obstacles, and significant limitations within the industry. It also incorporates prevailing trends and notable market developments, providing clients with a comprehensive understanding of potentially profitable prospects. Throughout the forecast period, the report offers estimations of market size and growth rates. Regional market analysis is conducted at local, regional, and global scales to comprehend market penetration, competitive landscape, pricing dynamics, and demand assessment. Research tools like SWOT, PESTLE and Porter were used for the GIS Market analysis for the Micro and macro factors affecting the GIS Market presented. Thus the report act as a guide for investors, stakeholders, and market followers of the market.

GIS Market Regional Insights :

The report provides an in-depth examination of various factors, encompassing market size, growth rate, and import-export dynamics within different regions. The application of Regional Analysis within the report aims to grasp the current status of the GIS market across diverse countries. The GIS market is broadly categorized into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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GIS Market Segmentation:

The market is divided into two categories: hardware and software, depending on the component. Hardware is further divided into image sensors, GNSS/GPS antennas, LIDAR, total stations, and GIS collectors. Desktop GIS, Server GIS, Developer GIS, Mobile GIS, and Remote sensing software are subsegments of the software market. During the projection period, the software segment is anticipated to rise fast at a CAGR. This is a result of the increased use of GIS in disaster management, transportation management, urban planning, and smart city development. During the projection period of 2023–2029, this is the primary driver of the software segment's growth in the worldwide market.

The market is divided into four categories according to function: mapping, surveying, telematics and navigation, and location-based services. By 2029, the mapping function sector is anticipated to command the most market shares. The usage of mapping technology has been expanding quickly in fields like infrastructure development, transportation, agriculture, forestry, and environmental protection. Urban planning and smart city initiatives from developing nations like China and India have a positive impact on the GIS market. The use of LIDAR imaging and aerial equipment for data collection and mapping. GIS software offers features and capabilities to store, retrieve, manage, display, and analyse many forms of geographic and spatial data, making it a crucial tool for merging maps and other geographical data.

Aerospace & Defence, Oil & Gas Exploration, Water & Wastewater, Government, Agriculture, Construction, Utilities & Mining, Transportation & Logistics, Engineering & Business Services, Oil & Gas Refining, Telecommunications, and Healthcare are the market segments based on the application. The market segment for agriculture is anticipated to expand quickly at a CAGR throughout the forecast period. GIS tools help farmers increase output and cut costs by enabling better management of land resources. GIS has the potential to lessen small and marginal farmers' vulnerability and risk of marginalisation on a global scale. These are the key factors driving this segment's growth in the global market between 2022 and 2029, according to forecasts.

GIS Market, by Component (2022-2029)

Hardware
Software

GIS Market, by Function (2022-2029)

Mapping
Surveying
Telematics and Navigation
Location-Based Services

GIS Market, by Application (2022-2029)

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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Key questions answered in the GIS Market are:

What is GIS ?
What was the GIS Market size in 2022?
What is the growth rate of the GIS Market?
Which are the factors expected to drive the GIS Market growth?
What are the different segments of the GIS Market?
What growth strategies are the players considering to increase their presence in GIS ?
What are the upcoming industry applications and trends for the GIS Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the GIS Market?
What is the demand pattern of the GIS Market?
What major challenges could the GIS Market face in the future?
What segments are covered in the GIS Market?
Who are the leading companies and what are their portfolios in GIS Market?
What segments are covered in the GIS Market?
Who are the key players in the GIS Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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Issued By MMR
Business Address Maximize Market Research
Country India
Categories Technology , Telecom
Tags gis market demand , gis market analysis , gis market growth , gis market size
Last Updated August 10, 2023