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. 

Market Overview

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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

  • The integration between GIS and Building Information Modeling (BIM) is one of the key factors driving the GIS market growth in the utility industry. 
  • The integration of GIS in the BIM software enables organizations to standardize and organize 2D and 3D design data at the primary level.
  • For construction activities, manufacturers integrate BIM and GIS into 3D computer-aided design software at the secondary level. 
  • BIM helps in better design and management using the information regarding sensors and the placement of devices in the IoT-connected networks.
  • The adoption of GIS for grid modernization in utilities is also one of the factors that will drive GIS market growth in the utility industry
  • A GIS helps in building and monitoring grids and enhances the resiliency of the grid in the utility industry.
  •  GIS enables virtualization of 2D and 3D data, real-world monitoring, and network functionality on any device such as desktops, web, and smartphones.
  • The utility sector extensively relies on GIS as it provides better-informed decisions and functionality about managing grid data.

 

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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

GIS-Market-In-The-Utility-Industry-Market-Share-by-Application-2020-2025

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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.

 

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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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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

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The gis market in the utility industry market growth will increase by $1687.45 million during 2020-2025.
The gis market in the utility industry market is expected to grow at a CAGR of 16.16% during 2020-2025.
Technavio has segmented the gis market in the utility industry market by application (Software, Data, and Services) and geographic (North America, Europe, APAC, MEA, and South America).
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 are a few of the key vendors in the gis market in the utility industry market.
North America will register the highest growth rate of 36.12% among the other regions. Therefore, the gis market in the utility industry market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Canada
  • Russian Federation
  • Germany
The key factors driving the gis market in the utility industry market growth are:
  • Increased adoption of GIS solutions in utility industry
The gis market in the utility industry market vendors should focus on grabbing business opportunities from the software segment as it accounted for the largest market share in the base year.
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