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The geographic information system analytics market size is forecast to increase by USD 12 billion at a CAGR of 12.41% between 2023 and 2028.
The geographic information system analytics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The retail and real estate segment is estimated to witness significant growth during the forecast period.
The GIS analytics market analysis is witnessing significant growth due to the increasing demand for advanced technologies in various industries. In the retail sector, for instance, retailers are utilizing GIS analytics to gain a competitive edge by analyzing customer demographics and buying patterns through real-time location monitoring and multiple layered maps. The retail industry's success relies heavily on these insights for effective marketing strategies. Moreover, the defense industries are integrating GIS analytics into their operations for infrastructure development, permitting, and public safety. Building Information Modeling (BIM) and 4D GIS software are increasingly being adopted for construction project workflows, while urban planning and designing require geospatial data for smart city planning and site selection.
The oil and gas industry is leveraging satellite imaging and IoT devices for land acquisition and mining operations. In the public sector, government agencies are using GIS analytics for zoning, land use management, and smart public works. Utilities and green buildings are employing GIS analytics for smart city projects, energy management, and customer engagement. Startups and digital reality solutions providers are entering the market with innovative offerings, such as augmented reality platforms and connected data environments. These solutions enable visualizing complex data and improving project management and engineering workflows. The geospatial industry's growth is driven by the increasing demand for spatial data licensing and mapping solutions.
Cloud technology and artificial intelligence are also playing a crucial role in modern GIS solutions, offering scalability, accessibility, and advanced analytics capabilities. The GIS analytics market is experiencing substantial growth due to its applications in various industries, including retail, defense, construction, oil and gas, public sector, and utilities. The integration of advanced technologies, such as IoT devices, satellite imaging, and artificial intelligence, is fueling innovation and enhancing the market's potential.
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The Retail and Real Estate segment was valued at USD 3.60 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market holds a prominent position in the Geographic Information System (GIS) analytics industry, driven by the region's early adoption of GIS technologies and advanced economies leading in data generation and consumption. The expanding transportation sector in North America necessitates a high level of analytics, thereby fueling the growth of the GIS market. In addition, various industries such as defense, infrastructure development, public safety, and urban planning are increasingly utilizing GIS analytics for permitting, zoning, aerial photography, and land use management. Geospatial technology, including Building Information Modeling (BIM), 4D GIS software, and augmented reality platforms, is revolutionizing the construction industry, enabling efficient project management and visualizing complex data.
Startups and digital reality solutions are also disrupting the market with innovative offerings, integrating IoT devices, location-based services, remote sensors, and cloud technology to provide real-time insights. Moreover, the government sectors, oil and gas, utilities, agriculture, and mining industries are leveraging GIS analytics for various applications, such as site selection, smart city planning, and land acquisition. The integration of artificial intelligence, satellite imaging, and geospatial data licensing is further enhancing the capabilities of modern GIS solutions. The growth of the GIS analytics market is also influenced by the increasing focus on engineering, environmental, social, and governance (ESG) initiatives, smart city projects, and urban development programs.
Hexagon, Esri, and other key players are offering enterprise solutions, smart utilities, and connected data environments to cater to the evolving needs of various industries.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The geographic information system analytics market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the geographic information system analytics market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, geographic information system analytics market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
1Spatial Group Ltd - The GIS solution provider introduces OpenRoads Designer, an advanced detailed design application encompassing surveying, drainage, subsurface utilities, and roadway design. Superior to previous offerings like InRoads, GEOPAK, MX, and PowerCivil, OpenRoads Designer delivers unparalleled capabilities in a single platform. This comprehensive solution streamlines the design process, ensuring accuracy and efficiency.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The geospatial industry continues to experience significant growth and innovation, driven by the increasing demand for advanced analytics and automation in various sectors. One of the key areas of focus is the integration of geographic information system (GIS) analytics in defense industries and infrastructure development. Defense organizations are leveraging GIS technology to enhance their operational capabilities, with applications ranging from situational awareness and asset management to mission planning and intelligence gathering. Building Information Modeling (BIM) and 4D GIS software are increasingly being adopted to streamline defense project workflows and improve collaboration between stakeholders. The adoption of geospatial technology is also gaining momentum in the construction sector, with startups and established players alike investing in digital reality solutions, IoT devices, and location-based services.
These technologies enable more efficient and accurate surveying, real-time monitoring of construction progress, and improved collaboration between stakeholders. Public safety and infrastructure development are other sectors that stand to benefit significantly from modern GIS solutions. Real-time data from sensors and other sources can be integrated into a connected data environment to enhance situational awareness and enable proactive response to emergencies. The oil and gas industry is another major adopter of geospatial technology, with applications ranging from site selection and permitting to pipeline monitoring and asset management. Satellite imaging and mapping are crucial for identifying potential drilling sites, assessing environmental risks, and monitoring production facilities.
In the government sector, GIS technology is being used to improve urban planning and management, with applications ranging from smart city projects and urban development programs to zoning and land use management. Geospatial data plays a critical role in informing decision-making processes and enabling more effective resource allocation. The geospatial industry is also witnessing significant innovation in areas such as augmented reality platforms, SAAS solutions, and artificial intelligence. These technologies enable more advanced analytics and visualization capabilities, enabling organizations to gain deeper insights from their geospatial data. Despite the numerous benefits of geospatial technology, there are also challenges that need to be addressed.
One of the key challenges is the availability and accessibility of high-quality geospatial data, particularly in developing countries and remote areas. Licensing and data privacy concerns are also becoming more prevalent, particularly in the context of increasing data sharing and collaboration. The geospatial industry is experiencing significant growth and innovation, driven by the increasing demand for advanced analytics and automation in various sectors. Geospatial technology is being adopted in defense industries, infrastructure development, public safety, urban planning, and the oil and gas industry, among others. However, there are also challenges that need to be addressed, particularly in the areas of data availability and accessibility, licensing, and data privacy.
Despite these challenges, the future of the geospatial industry looks bright, with significant opportunities for innovation and growth.
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Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.41% |
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Market growth 2024-2028 |
USD 12 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
10.6 |
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Key countries |
US, Canada, UK, Germany, China, India, France, South Korea, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Components
8 Market Segmentation by Deployment Modes
9 Market Segmentation by Applications
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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