The global geographic information system (GIS) market is expected to grow from USD 8.1 billion in 2020 to USD 14.5 billion in 2025, with a compound annual growth rate of 12.4% from 2020 to 2025. The availability of spatial data and cloud technology is one of the main factors for the growth of the GIS market.
Due to the increasing use of GIS in urban planning, disaster management, traffic management, and smart city development, the GIS software market is expected to grow significantly during the forecast period. ERP) expands the use of GIS in business intelligence and marketing. With the emergence of cloud computing and artificial intelligence, Geographic Information System analysis software is expected to have huge potential to expand the GIS software market during the forecast period.
The global geographic information system market is segmented according to components, functions, end-user industries, companies, and regions. According to the components, the market can be divided into software and hardware. By 2020, due to the increasing use of GIS in urban planning, traffic management, disaster management, and smart city development, the market is expected to grow faster during the forecast period.
In terms of end-user industries, the market is segmented into agriculture, construction, transportation, utilities, mining, oil and gas, etc. Among them, because GIS solutions can help farmers increase productivity by reducing costs and improving land management, it is estimated that the agricultural sector will occupy the market in the next five years.
The main players in the geographic information system market are Autodesk, Bentley Systems, Environmental Systems Institute, General Electric, Hexagon AB, Pitney Bowes, Topcon, Trimble, Blue Marble Geographics, Caliper Corporation, and computer-aided Development Co., Ltd., Geosoft Inc., Handheld Group, Harris Corporation, Hi-Target Surveying Instrument Co. Ltd and other major players in the market are seeking some competitive strategies, such as mergers and acquisitions, partnerships and agreements, to expand the geographic area Coverage and expand customer base.
