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Global GIS Market  Key Driving Factors, Challenges, Share, Drivers and Forecast by 2028

 

The GIS Market size was valued at US$ 8.10 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 12.5% through 2021 to 2027, reaching nearly US$ 18.47 Bn.

GIS Market Overview:

This MMR study covers the following topics: market overview, market dynamics, market characteristics, regional industry insights, country-level market statistics, major market trends, current market trends, and more. The MMR report provides information on the most current product launches by companies for the most up-to-date upgrades. The GIS Market study’s geographic insights section identifies which regions are most likely to have the largest market share during the forecast period.

Market Scope:

The GIS market is predicted to develop at the fastest rate during the forecast period of 2021-2027. The Maximize Market Research (MMR) study looks at import and export consumption, supply and demand, costs, prices, shares, sales volumes, revenues, and gross margins. The manufacturing unit, capacity, production, factory price, market price, and market share of each manufacturer are examined in this MMR data analysis.

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Segmentation:

Based on the Component, the market is segmented into Hardware, and Software. Hardware is sub-segmented into GIS collectors, Total Stations, LIDAR, GNSS/GPS antennas, and imaging sensors. Software is sub-segmented into desktop GIS, Server GIS, Developer GIS, Mobile GIS, and Remote sensing software. This is due to the rising utilization of GIS in disaster management, transport management, urban planning, and the development of smart city. This is the key factor that drives the growth of the software segment in the global market during the forecast period 2021-2027.

Based on the Function, the market is segmented into Mapping, Surveying, Telematics and Navigation, and Location-Based Services. Mapping function segment is expected to hold the largest market shares of xx% by 2027. The use of mapping technologies has been growing rapidly in the application like construction, infrastructure, defence and security, transportation, agriculture, forestry, and environment. Developing countries like India and China are contributing to development programs such as urban planning and smart city, that helps to boost the GIS market. Also, the adoption of airborne devices and LIDAR imagery for collecting and mapping the data. GIS software is an essential tool for combining maps and other geospatial information as it provides functions and tools to store, retrieve, manage, display, and analyse all types of geographic and spatial data. These are the key major factor that drives the growth of the mapping function segment in the global market during the forecast period 2021-2027.


Key Players:

  • Autodesk, Inc.
    • ESRI
    • Maxar Technologies
    • Environmental Systems Research Institute, Inc.
    • Hexagon AB
    • General Electric Co.
    • Pitney Bowes Inc.
    • Trimble Inc.
    • Topcon Corporation
    • Hi-Target Surveying Instrument Co. Ltd.
    • Beijing Unistrong Science & Technology Co., Ltd.
    • Bentley Systems Incorporated
    • Blue Marble Geographics
    • Caliper Corporation
    • Computer Aided Development Corporation Limited
    • Geosoft Inc.
    • Golden Software LLC
    • SuperMap Software Co., Ltd.
    • Harris Corporation
    • Manifold Software Limited

Regional Analysis:

North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are all covered in the MMR Report. In this report, MMR looks at important market segments and sub-segments, as well as key market sectors. Based on market size, proportion, and quantity, the MMR survey examines creative nations in neighborhood development. The statistics include volumes, areas, sales, and marketplace chain systems and trends.

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COVID-19 Impact Analysis on GIS Market:

COVID-19 rules had a tremendous impact on the world, as well as industry and labor expectations, between 2020 and 2021. COVID-19 has the potential to devastate our society and level of living, necessitating quick industrial help and innovation. COVID-19 has created a slew of problems for India’s foreign laborers. As a result of national embargoes, millions of migrant workers lost their jobs, endured food shortages, and were concerned about their future prospects.

The overall purpose of this MMR report is to have a better understanding of the current economy, COVID-19, and its commercial implications. COVID-19 is being tracked by MMR throughout all industries, sectors, and specialties. The Maximize Market Research Report (MMR), which can be used to evaluate how COVID-19 has impacted industry losses and growth, contains similar data.

Key Questions Answered in the GIS Market Report are:

  • Which product segment grabbed the largest share in the GIS market?
  • How is the competitive scenario of the GIS market?
  • Which are the key factors aiding the GIS market growth?
  • Which region holds the maximum share in the GIS market?
  • What will be the CAGR of the GIS market during the forecast period?
  • Which application segment emerged as the leading segment in the GIS market?
  • Which are the prominent players in the GIS market?
  • What key trends are likely to emerge in the GIS market in the forecast period?
  • What is the expected GIS market size by 2027?
  • Which company held the largest share in the GIS market?

 

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