According to IMARC Group’s latest report, titled “Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global geographic information system (GIS) market reached a value of US$ 10.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.1 Billion by 2027, exhibiting at a CAGR of 13.1% during 2022-2027.
Base Year: 2021
Forecast Year: 2022-2027
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A geographic information system (GIS) is a technological device that integrates software, hardware and data for capturing, managing, displaying and analyzing geographically referenced information. It assists in mapping, rerouting design, navigating directions, landslide hazard zonation, accident analysis, and disaster management and mitigation. In addition, it aids in improving decision-making, communication, and geographic information recordkeeping.
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Rapid urbanization, rising popularity of map assistants, and increasing investments in developing smart cities are among the key factors strengthening the market growth. Moreover, the launch of mobile applications integrated with artificial intelligence (AI), voice assistance, location sharing solutions, remote sensor readings, and the internet of things (IoT) is favoring the market growth. Apart from this, GIS is gaining traction in the healthcare industry to track the spread of infectious diseases, which, in turn, is creating a positive outlook for the market.
Geographic Information System (GIS) Market: 2022-2027 Analysis and Segmentation:
Breakup by Component:
Breakup by Function:
- Telematics and Navigation
- Location-Based Services
Breakup by Device:
Breakup by End Use Industry:
- Oil and Gas
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Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Autodesk Inc., Bentley Systems Incorporated, Caliper Corporation (PSI Services LLC), 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 and Trimble Inc.
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