GIS market value stood at $8,185.9 million in 2020, and it is predicted to exhibit a CAGR of 11.6% from 2020 to 2030 (forecast period). According to the estimates of the market research company, P&S Intelligence, the market will reach a value of $24,607.7 million by 2030. The major factors fueling the expansion of the market are the surging investments being made in the GIS technology, abundant availability of cloud technology and spatial data, and burgeoning requirement for GIS solutions in the transportation sector.
The governments of many countries are investing heavily in these technologies for applications in military and aerospace and security sectors, which is, in turn, strengthening their demand across the world. In recent years, many vendors have introduced advanced products for catering to the needs of the governments in emerging economies. Further, the United Nations (UN) published its geospatial strategy for 2021–2022 in April 2021, which intends to contribute toward the data ecosystem by providing location data for different sectors.
Mapping, Cartographic, Medium-Sized Projects, and Government Sector Dominated the Market
The objective is to develop synergy in investments and activities in geospatial information management by employing the use of geospatial data. Moreover, the Indian government has launched the Digital India initiative, under which, it is focusing on making huge investments in improving location-based service infrastructure and internet connectivity together with private companies. Depending on industry, the GIS market is divided into construction, aerospace and defense, mining, agriculture, telecommunications, oil and gas, government, and utilities.
Amongst these, the government sector held the largest share in the market in the past, as it extensively used GIS for several applications, such as information and data collection on natural calamities, urban and rural planning, and community planning. Besides developed nations, the governments of developing countries are also making huge investments in data-based and digital GIS technologies for rural and urban planning, optimal natural resource usage, and public health improvement.
Software Category to Witness High Growth Rate
Geographically, the Asia-Pacific (APAC) region is predicted to be the fastest-growing region in the GIS market in the coming years. This is ascribed to the growing urbanization rate and burgeoning need for geographic information systems in regional countries, such as India and China. Moreover, the governments of the regional countries have extensively used GIS solutions for various military applications in recent years in order to improve homeland security and infrastructure.
The GIS market is highly consolidated in nature and the players are actively focusing on product launches and mergers and acquisitions in order to bolster their presence in the industry. For example, Hexagon AB completed the acquisition of Immersal Oy, which is a provider of visual positioning and spatial mapping solutions which are used in augmented reality (AR) applications, in July 2021. With the help of this acquisition, the company started providing onsite deep insights, thereby improving the field of view with the aid of superimposed digital information.
Asia-Pacific Market To Witness Fastest Growth in the Coming Years
Hence, the demand for GIS solutions will soar in the coming years, primarily because of their surging requirement in the transportation sector.
Table of Contents
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Component
1.3.2 Market Segmentation by Function
1.3.3 Market Segmentation by Data Type
1.3.4 Market Segmentation by Project Size
1.3.5 Market Segmentation by Industry
1.3.6 Market Segmentation by Region
1.3.7 Analysis Period
1.3.8 Market Data Reporting Unit
1.3.8.1 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
3.1 Voice of KOLs
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Hardware
4.1.1.1.1 GNSS/GPS antennas
4.1.1.1.2 Imaging sensors
4.1.1.1.3 Total stations
4.1.1.1.4 LiDAR sensors
4.1.1.1.5 GIS collectors
4.1.1.1.6 Others
4.1.1.2 Software
4.1.1.2.1 Remote sensing
4.1.1.2.2 Desktop
4.1.1.2.3 Server
4.1.1.2.4 Developer
4.1.1.2.5 Mobile
4.1.1.3 Service
4.1.1.3.1 Managed
4.1.1.3.2 Professional
4.1.1.3.2.1 Training and consulting
4.1.1.3.2.2 Integration and maintenance
4.1.2 By Function
4.1.2.1 Mapping
4.1.2.2 Surveying
4.1.2.3 Telematics and navigation
4.1.2.4 Location-based services
4.1.3 By Data Type
4.1.3.1 Cartographic
4.1.3.2 Photographic
4.1.3.3 Digital
4.1.3.4 Tabular
4.1.4 By Project Size
4.1.4.1 Medium
4.1.4.2 Small
4.1.4.3 Large
4.1.5 By Application
4.1.5.1 Government
4.1.5.2 Construction
4.1.5.3 Utilities
4.1.5.4 Telecommunications
4.1.5.5 Mining
4.1.5.6 Agriculture
4.1.5.7 Aerospace and defense
4.1.5.8 Oil and gas
4.1.5.9 Others
4.2 GIS Deployment Cycle Analysis
4.3 Value Chain Analysis
4.4 Market Dynamics
4.4.1 Trends
4.4.1.1 Usage of 3D GIS in urban infrastructure development
4.4.1.2 Usage of GIS in disaster management
4.4.1.3 Miniaturization of systems
4.4.2 Drivers
4.4.2.1 Rising investments in GIS solutions
4.4.2.2 Growing demand for enterprise GIS solutions
4.4.2.3 Increasing availability of spatial data and cloud technology
4.4.2.4 Surging demand for GIS in location as a service (LaaS)
4.4.2.5 Rising demand for GIS solutions in transportation sector
4.4.2.6 Impact analysis of drivers on market forecast
4.4.3 Restraints
4.4.3.1 High initial setup cost of GIS
4.4.3.2 Lack of data
4.4.3.3 Impact analysis of restraints on market forecast
4.4.4 Opportunities
4.4.4.1 Rising focus on AI-based geospatial solutions
4.5 Impact of COVID-19 on GIS Market
4.5.1 Future Scenario
4.6 Porter’s Five Forces Analysis
4.7 Adoption of Next-Generation Technologies
4.7.1 AI
4.7.2 Real-Time Data
4.7.3 BIM
Chapter 5. Global Market Size and Forecast
5.1 By Component
5.1.1 GIS Hardware Market, by Type
5.1.2 GIS Software Market, by Type
5.1.3 GIS Service Market, by Type
5.1.3.1 GIS professional service market, by type
5.2 By Function
5.3 By Data Type
5.4 By Project Size
5.5 By Industry
5.6 By Region
Chapter 6. North America Market Size and Forecast
6.1 By Component
6.1.1 GIS Hardware Market, by Type
6.1.2 GIS Software Market, by Type
6.1.3 GIS Service Market, by Type
6.1.3.1 GIS professional service market, by type
6.2 By Function
6.3 By Data Type
6.4 By Project Size
6.5 By Industry
6.6 By Country
Chapter 7. Europe Market Size and Forecast
7.1 By Component
7.1.1 GIS Hardware Market, by Type
7.1.2 GIS Software Market, by Type
7.1.3 GIS Service Market, by Type
7.1.3.1 GIS professional service market, by type
7.2 By Function
7.3 By Data Type
7.4 By Project Size
7.5 By Industry
7.6 By Country
Chapter 8. APAC Market Size and Forecast
8.1 By Component
8.1.1 GIS Hardware Market, by Type
8.1.2 GIS Software Market, by Type
8.1.3 GIS Service Market, by Type
8.1.3.1 GIS professional service market, by type
8.2 By Function
8.3 By Data Type
8.4 By Project Size
8.5 By Industry
8.6 By Country
Chapter 9. LATAM Market Size and Forecast
9.1 By Component
9.1.1 GIS Hardware Market, by Type
9.1.2 GIS Software Market, by Type
9.1.3 GIS Service Market, by Type
9.1.3.1 GIS professional service market, by type
9.2 By Function
9.3 By Data Type
9.4 By Project Size
9.5 By Industry
9.6 By Country
Chapter 10. MEA Market Size and Forecast
10.1 By Component
10.1.1 GIS Hardware Market, by Type
10.1.2 GIS Software Market, by Type
10.1.3 GIS Service Market, by Type
10.1.3.1 GIS professional service market, by type
10.2 By Function
10.3 By Data Type
10.4 By Project Size
10.5 By Industry
10.6 By Country
Chapter 11. Major Countries
11.1 U.S.
11.1.1 By Function
11.1.2 By Industry
11.2 U.K.
11.2.1 By Function
11.2.2 By Industry
11.3 Germany
11.3.1 By Function
11.3.2 By Industry
11.4 China
11.4.1 By Function
11.4.2 By Industry
11.5 India
11.5.1 By Function
11.5.2 By Industry
Chapter 12. Competitive Landscape
12.1 Market Share Analysis of Key Players
12.2 Competitive Benchmarking of Key Players
12.3 List of Key Players and Their Offerings
12.4 Global Strategic Developments of Key Players
12.4.1 Mergers and Acquisitions
12.4.2 Product Launches
12.4.3 Partnerships
12.4.4 Client Wins
12.4.5 Others
12.5 Key GIS Projects
Chapter 13. Company Profiles
13.1 Environmental Systems Research Institute (Esri) Inc.
13.1.1 Business Overview
13.1.2 Product and Service Offerings
13.2 Hexagon AB
13.2.1 Business Overview
13.2.2 Products and Service Offerings
13.2.3 Key Financial Summary
13.3 Autodesk Inc.
13.3.1 Business Overview
13.3.2 Product and Service offerings
13.3.3 Key Financial Summary
13.4 Schneider Electric SE
13.4.1 Business Overview
13.4.2 Product and Service Offerings
13.4.3 Key Financial Summary
13.5 General Electric Company
13.5.1 Business Overview
13.5.2 Product and Service Offerings
13.5.3 Key Financial Summary
13.6 Precisely Incorporated
13.6.1 Business Overview
13.6.2 Product and Service Offerings
13.7 Maxar Technologies Inc.
13.7.1 Business Overview
13.7.2 Product and Service Offerings
13.7.3 Key Financial Summary
13.8 Bentley Systems Incorporated
13.8.1 Business Overview
13.8.2 Product and Service Offerings
13.8.3 Key Financial Summary
13.9 SuperMap Software Co. Ltd.
13.9.1 Business Overview
13.9.2 Product and Service Offerings
13.10 PASCO CORPORATION
13.10.1 Business Overview
13.10.2 Product and Service Offerings
13.10.3 Key Financial Summary
13.11 IQGeo Group plc
13.11.1 Business Overview
13.11.2 Product and Service Offerings
13.11.3 Key Financial Summary
13.12 Trimble Inc.
13.12.1 Business Overview
13.12.2 Product and Service Offerings
13.12.3 Key Financial Summary
Chapter 14. Appendix
14.1 Abbreviations
14.2 Sources and References
14.3 Related Reports
