Geographic Information System (GIS) Market Size, Share | Report 2028
According to IMARC Group’s latest report, titled “Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global geographic information system (GIS) market size reached US$ 11.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.0 Billion by 2028, exhibiting a growth rate (CAGR) of 13.22% during 2023-2028.
Geographic Information System (GIS) refers to a computer-based system that creates a conceptualized framework for data analysis of a geographic location. It maps and organizes layers of findings and models the information into visualization. An integrated GIS system includes five components, namely software, people, hardware, data, and methods. This system is widely applied in various industries, such as planning, engineering, management, insurance, transport, business, and telecommunications.
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Market Trends
The growth of the global GIS market can be primarily attributed to the increasing employment of the system in disaster management, smart city development, urban planning, and transport management. Additionally, the growing integration of cloud computing and artificial intelligence (AI) with GIS analytics is contributing to the market growth. Moreover, rapid advancements in GIS technologies like location-based data services and geo-analytics are some of the other factors supporting the market growth. The easy accessibility to cloud technology and spatial data is another factor driving the market growth across the globe further.
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List of Key Companies Covered in this Market Report:
Autodesk Inc.
Bentley Systems Incorporated
Caliper Corporation
Computer Aided Development Corporation Limited (Cadcorp)
Environmental Systems Research Institute Inc.
General Electric Company
Geosoft Inc. (Seequent Ltd.)
Hexagon AB
Maxar Technologies Inc.
SuperMap Software Co. Ltd.
Topcon Corporation
Trimble Inc.
The report has segmented the market on the basis of component, function, device, end use industry and geography.
Breakup by Component:
Hardware
Software
Services
Breakup by Function:
Mapping
Surveying
Telematics and Navigation
Location-Based Services
Breakup by Device:
Desktop
Mobile
Breakup by End Use Industry:
Agriculture
Utilities
Mining
Construction
Transportation
Oil and Gas
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
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