How Has The Geographic Information System Market Size Evolved In Recent Years?
The geographic information system market has seen considerable growth due to a variety of factors.
•The market size of the geographic information system has seen significant growth in the recent past. According to predictions, it will surge from $14.29 billion in 2024, hitting around $15.93 billion by the year 2025, showing a compound annual growth rate (CAGR) of 11.5%.
The growth in the historic period is because of various factors such as government policies, wider accessibility to spatial data, an increased demand for services based on location, advancement in infrastructure projects and a rise in the understanding of spatial analysis.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Geographic Information System Market?
The geographic information system market is expected to maintain its strong growth trajectory in upcoming years.
• There's an anticipated sharp surge in the market size of the geographic information system in the forthcoming years. The growth is projected to reach $27.72 billion by the year 2029, expanding at a compound annual growth rate (CAGR) of 14.8%.
Factors influencing this growth in the predicted period include soaring demand for 3D mapping and modeling, the enlargement of smart city initiatives, a heightened emphasis on environmental sustainability, and the uptake of cloud-based GIS solutions. Key trends during this forecast period are the use of augmented reality in GIS applications, concentration on real-time data and analytics, amalgamation of IoT with GIS, the escalation of location-based marketing, and the emergence of open-source GIS platforms.
What Are The Essential Drivers Behind The Growth Of The Geographic Information System Market?
The surge in defense-oriented satellites is anticipated to boost the expansion of the geographic information system market. Defense-oriented satellites, which are artificial in nature, assist defense and security initiatives by delivering vital details and utilities to military forces. Geographic information systems leverage these defense-oriented satellites to accumulate spatial data, sift through it, scrutinize it, and then showcase it. For example, Jonathan's Space Report, a research endeavor devoted to US space programs, stated in January 2023 that out of 186 internationally launched defense-oriented satellites in 2022, 182 were successful. Furthermore, out of the 78 defense-related satellites launched by the US in 2022, 72 were successful. China also launched 64 satellites in the same year, of which 62 achieved orbit. Consequently, the rising presence of defense-oriented satellites is slated to enhance the expansion of the geographic information system market.
How Is The Global Geographic Information System Market Divided Into Key Segments?
The geographic information system market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Function: Mapping, Surveying, Telematics And Navigation, Location-Based Services
3) By Device: Desktop, Mobile
4) By End User: Agriculture, Utilities, Mining, Construction, Transportation, Oil And Gas, Other End Users
Subsegments:
1) By Hardware: GIS Workstations, Servers, GPS Devices, Data Storage Devices
2) By Software: GIS Software Applications, Spatial Analysis Software, Mapping Software, Cloud GIS Solutions
3) By Services: Consulting Services, Data Integration Services, Training And Support Services, Managed Services
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What Trends Are Reshaping The Future Of The Geographic Information System Market?
The primary trend gaining traction in the geographic information system market is product innovation. Major firms in this market are focusing on the development of innovative products to fortify their market position. For example, in August 2023, SuperMap Software Co. Ltd., a company based in China providing geographic information system software products and services, introduced SuperMap iDesigner3D. This new product is a minimalist WebApp based on SuperMap iClient3D for WebGL, incorporated into SuperMap iPortal's software framework. SuperMap iDesigner3D allows users to efficiently construct 3D models of buildings, pathways, and roads that fit into the geospatial environment, fulfilling online 3D geographic design needs. The product leverages vector data and modeling rules to create batch modeling features that interact with authentic geospatial environments. Users can modify and adapt the modeling characteristics and materials, and update changes digitally in real-time, resulting in significantly enhanced data-editing efficiency.
Who Are the Key Players in the Geographic Information System Market?
Major companies operating in the geographic information system market include:
• Google LLC
• Hitachi Solutions Ltd.
• General Electric Company
• Airbus SE
• International Business Machines Corporation
• Oracle Corporation
• Harris Corporation
• Hexagon AB
• Autodesk Inc.
• Trimble Inc.
• Pitney Bowes Inc.
• Fugro NV
• Maxar Technologies Inc.
• Topcon Positioning Systems Inc.
• Environmental Systems Research Institute Inc.
• Bentley Systems Inc.
• Alteryx Inc.
• MDA Information Systems LLC
• SuperMap Software Co. Ltd
• Zondy Cyber Group Co. Ltd.
• KCI Technologies Inc
• Geosoft Inc.
• Caliper Corporation
• AiDash Inc
• Blackshark.ai GmbH
• Abley Ltd.
• CARTO
• Cadcorp
• Blue Marble Geographics
• Hi-Target Surveying Instrument Co. Ltd.
What are the Regional Insights into the Geographic Information System Market?
North America was the largest region in the geographic information system market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geographic information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
