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The Geographic Information System (GIS) in the Utility Industry Market size is estimated to grow at a CAGR of 16.04% between 2023 and 2028. The market size is forecast to increase by USD 2,307.44 million. The growth of the market depends on several factors, including the increased adoption of GIS solutions in the utility industry, the integration between GIS and building information modeling (BIM), and the integration of AR with GIS. The global geographical information system (GIS) market in the utility industry refers to the market for GIS technologies, systems, and solutions that are specifically designed and used by utility companies. These utilities include sectors such as electricity, gas, water, and sewage. GIS is a system that allows for the collection, storage, analysis, and visualization of geospatial data. In the utility industry, GIS is used to manage assets, infrastructure, and operations efficiently. It provides utilities with the ability to map and analyze their network of assets, such as power lines, pipelines, water distribution systems, and other infrastructure elements. This helps utilities in planning, designing, maintaining, and optimizing their infrastructure.
This GIS market in the utility industry report extensively covers market segmentation by product (software, data, and services), deployment (on-premises and cloud), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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Increased adoption of GIS solutions in the utility industry is the key factor driving market growth. Geospatial data and applications can be accessed by the industry through GIS. The GIS provides a more detailed understanding of the system and facilitates efficient operation of utilities. The GIS solution will enable the utility industry to create maps, organize and integrate location data at all points, visualize scenarios as well and extract and analyze intelligence which can be useful. GIS can help reduce costs and aid in capital planning.
Moreover, GIS solutions help manage huge volumes of data, understand the data collected, and convert it into clear and intelligible graphs and charts. Other major applications of GIS solutions in the utility industry include compliance management, tracking activities, centralized management, tracking asset data, and assistance in decision-making. Thus, increased adoption of GIS solutions in the utility industry will drive the growth of the global GIS market in the utility industry during the forecast period.
Increased use of GIS for water management is the primary rend shaping market growth. For agricultural use, GIS is widely used for the management and conservation of water. Using interactive analysis tools, GIS plays an important role in water resource assessment and management through simulation models with a view to better decision-making. The water flow rate and turbidity shall be taken into consideration by GIS for efficient monitoring of water resources
Moreover, GIS can monitor the water quality in terms of pH, oxygen, and bacteria content. The GIS solution mainly helps identify leakage and manage pressure. Hence, the increased use of GIS for water management will fuel the growth of the global GIS market in the utility industry during the forecast period.
Lack of planning causing implementation failure of GIS solutions is a challenge that affects market growth. It is necessary to implement the global information system in a systematic way. Given that there is a high probability of a mismatch between system capabilities and end-user needs, a lack of planning results in a waste of funds. GIS is a complex technology requiring a high level of precision and proper planning and testing before its implementation. GIS applications in the utility industry should have real-time updated information regarding the electricity distribution network to analyze the data patterns.
Moreover, the captured data can lead to inaccuracies in the output due to the lack of improper implementation of GIS. For example, Noida Power Company Ltd (NPCL), a joint venture between the RP-Sanjiv Goenka Group and Greater Noida Industrial Development Authority, is facing issues regarding the timely update of data at regular intervals due to improper post-implementation support. Hence, the lack of planning leads to the implementation failure of GIS solutions, which will impede the growth of the market during the forecast period.
The market share growth by the software segment will be significant during the forecast period. Software solutions and platforms specifically designed to meet utility companies' needs are referred to in the software segment of the geographic information system in the utility industry market. Utility companies, such as electricity, gas, water, and telecommunications providers, rely on GIS software to efficiently manage their assets, plan and design new infrastructure, monitor network performance, and make informed decisions.
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The software segment showed a gradual increase in the market share of USD 475.27 million in 2018. The software segment in the geographic information system in the utility industry market is driven by the rising need for efficient infrastructure management, regulatory compliance, and the integration of advanced technologies like IoT (Internet of Things) and AI (Artificial Intelligence). The software segment is anticipated to witness significant growth due to the ongoing digital transformation in the utility sector and the adoption of smart grid and smart city concepts, which will drive the growth of the global GIS market in the utility industry during the forecast period.
The facility and deployment of GIS software and systems on the infrastructure of the utility players themselves is referred to as on-premises deployment in the GIS in the utility industry market. Utility companies may guarantee data security, conform to legal standards, and have more control over the functionality and customization of their GIS solutions by implementing GIS systems on-premises. However, this deployment methodology necessitates a substantial initial investment in IT infrastructure, software, and hardware, in addition to continuous maintenance and support expenses. Furthermore, the on-premises deployment segment in the global GIS market in the utility industry provides utility companies with the option to have complete control over their GIS infrastructure and data but at the expense of higher upfront and ongoing costs, which will drive the growth of the geographic information system in the utility industry market during the forecast period.
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North America is estimated to contribute 37% 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. North America is an earlier adopter of technology, and the US is the top country in terms of electricity generation and consumption of resources such as electricity, gas, and water. Moreover, the strong presence of several GIS in the utility industry market players supports the overall GIS in the utility industry market growth in the region.
Furthermore, the GIS in the utility industry market in Canada is also expected to grow at a fast pace due to the increased adoption of GIS solutions in government and privately owned utility departments such as oil, gas, electric, and water. The GIS market in the utility industry in North America is expected to grow due to the overall maturity of the industrial sector. Developed economies such as the US and Canada will significantly contribute to the growth of the regional market during the forecast period.
The outbreak of COVID-19 in 2020 had a negative impact on the GIS in the utility industry market in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Furthermore, many water, electricity, and gas utilities are using geographic information systems to manage their assets, monitor their operations, and make more informed decisions, thereby driving the growth of the regional geographic information system (GIS) in the utility industry market during the forecast period.
The GIS Market in the Utility Industry 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global GIS Market in the Utility Industry Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market 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 market 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 GIS market in the utility industry report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 - 2022.
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GIS Market In The Utility Industry Scope |
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Report Coverage |
Details |
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Page number |
170 |
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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 16.04% |
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Market growth 2024-2028 |
USD 2,307.44 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
15.72 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 37% |
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Key countries |
US, China, Germany, Russia, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AABSyS IT Pvt. Ltd., Autodesk Inc., Avineon Inc., Bentley Systems Inc., Blue Marble Geographics, Cadcorp Ltd., Caliper Corp., Environmental Systems Research Institute Inc., General Electric Co., Mapbox Inc., Maxar Technologies Inc., Mobile GIS Services Ltd., NV5 Global Inc., Orbital Insight Inc., Pitney Bowes Inc., Schneider Electric SE, SuperMap Software Co. Ltd., Trimble Inc., VertiGIS Ltd., and Hexagon AB |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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