At a CAGR of 12.4% from 2020 to 2025, The GIS Market is anticipated to increase from USD 8.1 billion in 2020 to USD 14.5 billion by 2025. Smart city development and urbanisation, business intelligence technology integration with geospatial technology, and the use of GIS solutions in the transportation industry are a few of the major reasons boosting the market's expansion.
Key Players:
Autodesk Inc. (US), Bentley System, Inc. (US), Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), and Trimble Inc. (US) are significant market participants in the GIS software market.
Among the other participants in this market are Maxar Technologies Inc. (US), Hi-Target Surveying Instrument Co. Ltd. (China), TomTom International (Netherlands), SuperMap Software Co., Ltd. (China), General Electric Co. (US), FARO Technologies, Inc. (US), L3Harris Technologies, Inc. (US), Takor Group Ltd. (Australia), Maptoss Technologies Pvt. Ltd. (India), Computer Aided Development Corporation Limited (UK), Blue Marble Geographics (US), and PASCO CORP. (Japan).
"In the overall GIS market, the mapping function retained the highest market size."
In 2020, the mapping function accounted for the greatest portion of the global GIS market. For improved site selection for agriculture, resource extraction, disaster management, urban planning, and transportation modelling, use of maps is recommended. As a result, the usage of mapping technologies has been expanding quickly across a wide range of application fields, such as infrastructure development, transportation, agriculture, forestry, and environmental protection. In growing nations like China and India, urban planning and smart city development initiatives have helped the mapping function market expand.
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"During the forecast period, GIS collectors will dominate the market for GIS hardware."
Data collecting in enclosed or covered locations, such dense forests, presents difficulties for GIS users. In these regions, GIS collectors provide dependable and precise data collection. Some of these GIS collectors have built-in GPS, cameras, and displays as well as cellular modems. Due to the rising demand for GIS collectors for data capture and mapping in the agriculture, construction, and utilities sectors, GIS collector hardware type is anticipated to dominate the GIS market over the projection period. Both online and offline modes of field data collecting are available with GIS Collector. Additionally, external GNSS/GPS receivers are supported for better spatial data collecting.
"In the total GIS market, the transportation industry represented the highest market size."
Demand for GIS-based technologies is rising as a result of transportation. GIS is anticipated to be extremely important in the transportation industry with the introduction of telematics and navigation applications. GIS is frequently used in the transportation sector for tasks like managing roads and highways, tracking traffic in real-time, designing railroad routes, and modelling transportation.
"The fastest growth is anticipated in APAC between 2020 and 2025,"
During the projected period, the GIS market is anticipated to develop at the quickest rate in APAC. Over the past ten years, geospatial technologies have been used in this area to develop rural and agricultural areas. Businesses in APAC across a range of industries, including mining, manufacturing, agriculture, architecture, engineering, and construction, are utilising GIS technologies to pinpoint potential markets and use geospatial data to guide strategic decisions. In the APAC area, surveying and mapping technology is frequently used. Demand for GIS in this region has also been boosted by the growth of smart cities in China, India, and other Southeast Asian nations.
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