GIS Market in the Utility Industry by Application and Geography - Forecast and Analysis 2021-2025
- Published: Mar 2021
- Pages: 120
- SKU: IRTNTR70345
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The GIS market size in the utility industry has the potential to grow by USD 1.68 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 16.16%.
This report provides a detailed analysis of the market by application (software, data, and services), geography (North America, Europe, APAC, MEA, and South America), and key vendors.
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AABSyS IT Pvt. Ltd.
- Autodesk Inc.
- Avineon Inc.
- Bentley Systems Inc.
- Environmental Systems Research Institute Inc.
- General Electric Co.
- Hexagon AB
- Maxar Technologies Inc.
- Pitney Bowes Inc.
- Schneider Electric SE
The GIS market in the utility industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as integration between GIS and Building Information Modeling (BIM) to achieve growth opportunities. However, factors such as threat from open-source GIS software will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the GIS market forecast in the utility industry report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This GIS market analysis in the utility industry report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
GIS Market in the Utility Industry: Key Drivers and Trends
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GIS Market in the Utility Industry: Segmentation by Geography
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36% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for GIS market in the utility industry in North America. Market growth in this region will be slower than the growth of the market in APAC and MEA.
The strong presence of several companies and the adoption of GIS solutions in government and privately-owned utility departments are the prime factors that will facilitate the GIS market growth in the utility industry in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
GIS Market in the Utility Industry: Segmentation by Application
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The software segment is expected to witness significant growth during the forecast period owing to the rising demand for GIS software from the wastewater recycling sector in developing economies. The growth of this segment is fueled by various advantages associated with GIS software, which include real-time global geographic visibility, intelligent linking and mapping, and sophisticated sourcing across the cloud-based and on-premise channels.
The post COVID-19 impact has fast-tracked the growth of the software segment. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the GIS market size in the utility industry.
GIS Market in the Utility Industry: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive GIS market growth in the utility industry during the next five years
- Precise estimation of the GIS market size in the utility industry and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the GIS market in the utility industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of GIS market vendors in the utility industry
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Russian Federation
- Increased adoption of GIS solutions in utility industry
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