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The GIS market is estimated to grow at a CAGR of 16.42% between 2022 and 2027. The size of the market is forecast to increase by USD 13,429.94 million. The growth of the market depends on several factors, including the integration of BIM and GIS, rising applications of GIS solutions in disaster management, and increasing adoption of GIS solutions in healthcare, insurance, and other sectors.
This report extensively covers market segmentation by product (software, data, and services), deployment (on-premises and cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The rising applications of GIS solutions in disaster management are notably driving the market growth, although factors such as data privacy and security concerns may impede the market growth. Our researchers analyzed the data with 2022 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.
Key GIS Market Driver
The rising applications of GIS solutions in disaster management are notably driving market growth. The use of GIS solutions across various systems, such as forest fire management, flood management, climate change analyses, and carbon management, has made GIS technology an effective tool in disaster management. The technology provides data on the geography, and any changes or deviations in the typical data will lead to an inspection by experts. Hence, the government sector and the natural resources sector are heavily dependent on this technology for disaster management.
For instance, the GIS applications of forest fire management, including fire risk assessment, prescribed burn planning, forest fire simulation, and post-fire assessment and monitoring, help in simulating a forest fire. The application takes into consideration the fire-starting point, topography, and vegetation coverage using remote sensing and the wind flow velocity, which directs accordingly. Therefore, the use of modern technologies for disaster management and the increasing use of GIS solutions in such technologies are expected to drive the growth of the global geospatial information systems (GIS) market during the forecast period.
Significant GIS Market Trend
Rising demand for the miniaturization of technologies is a major trend in the market. The integration of GIS software is increasing the need to create smaller, inexpensive devices with wireless connectivity, thereby expanding the penetration of the IoT. The development of miniaturized, low-cost sensors is leading to an increase in data collection and the ability to adjust the sensor to specific data collection needs.
Furthermore, the rapid miniaturization of GIS technology has made it feasible to explore new methods for sensor distribution. For instance, Smallsat and UAS can be rapidly deployed with a tailored flight path. These miniaturized geospatial sensor platforms enhance the capabilities of both government and business organizations, especially in collecting volumes of remotely sensed critical data, including that related to disaster response, environmental monitoring, and public safety. Thus, the rising demand for the miniaturization of technologies is one of the growing trends that is expected to drive the growth of the global geospatial information systems (GIS) market during the forecast period.
Major GIS Market Challenge
Data privacy and security concerns are major challenges impeding market growth. Data privacy and security concerns are the key challenges in any organization as devices are interconnected to the internet and dependent on the use of private and public networks. As critical data is transferred through organizations' system networks, a highly secured environment needs to be established. Moreover, an organization's system network includes multiple devices, which at times may cause interoperability issues.
Increased connectivity and data sharing have led to more cybersecurity issues and data breaches. Earlier, cybersecurity was concentrated on a limited number of connected devices. However, due to the IoT revolution, there will be a large-scale combination of both physical and virtual worlds. Potential economic loss from cyberattacks in industries is significant compared with the privacy breaches of personal data. Therefore, cyberattacks can hamper the sensor and device data in an industrial setup. Thus, the possibility of cyber intrusion will adversely affect the global geospatial information systems (GIS) market during the forecast period.
Key GIS Market Customer Landscape
The report includes the market's adoption lifecycle, covering 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 Customer Landscape
Vendors 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.
AmigoCloud Inc. - The company offers services like public infrastructure mapping, transportation trip urban planning, natural resource management, and many more. The key offerings of the company include GIS services.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the software segment will be significant during the forecast period. The software segment includes software for desktops, mobile devices, cloud solutions, and servers. The software available in the global market is mostly industry-specific software.
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The software segment was valued at USD 3,947.26 million in 2017 and continued to grow until 2021. The software segment of the global market is expected to witness an increase in its year-over-year growth rate during the forecast period, owing to the rising demand from the telecommunications, retail, and transportation sectors in developing economies. The growth of this segment is fueled by the advantages associated with GIS software, which include real-time global geographic visibility, intelligent linking and mapping, and sophisticated sourcing across all the cloud-based and on-premises channels. Furthermore, many commercial vendors offer open-source GIS software with limited features. This is suitable for small applications to overcome the threat of counterfeit products in the market. Therefore, such benefits are expected to propel the segment growth 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.
Being a pioneer in the adoption of advanced technologies across industries, North America is an attractive market for GIS solutions. The US is one of the most attractive markets in the region for GIS solutions. It is a key revenue contributor to the market in the region as it is the industrial capital of the world and an early adopter of advanced technologies. GIS solutions are widely used in the healthcare and telecommunications sectors in the US. Similarly, Canada also contributes significantly to the market in the region. The government in the country is framing several action plans to revamp the healthcare sector and efficiently use the available resources. This will positively influence regional market growth.
Furthermore, the industrial sector across the region is developed and technologically mature. The maturity of the sector leads to an abundance of success stories that eventually leads to a faster rate of technology adoption. Additionally, the strong presence and penetration of top vendors supplement the overall market growth in the region. Therefore, all the abovementioned factors will boost the regional market growth during the forecast period.
In 2020, the outbreak of COVID-19 severely affected the growth of the market in North America. However, the initiation of large-scale COVID-19 vaccination drives across the region by the end of 2020 helped industries reopen and resume operations, which, in turn, led to an increase in the demand for GIS solutions from end-user industries such as transportation, construction, and telecommunications in 2021. Moreover, increasing digitalization and the adoption of advanced technologies in business operations are also expected to drive the demand for GIS solutions during the forecast period. Hence, these factors are expected to drive the growth of the geospatial information systems (GIS) market in North America during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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GIS Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.42% |
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Market growth 2023-2027 |
USD 13,429.94 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
15.66 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 37% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alphabet Inc., AmigoCloud Inc., Autodesk Inc., Bentley Systems Inc., Caliper Corp., Computer Aided Development Corp. Ltd., Esri, General Electric Co., Hexagon AB, Hi Target, Mapbox Inc., Maxar Technologies Inc., Pitney Bowes Inc., Rolta India Ltd., Scanpoint Geomatics Ltd., Takor Group Ltd., TomTom International BV, Topcon Corp., Trimble Inc., and UrtheCast Corp. |
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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, and Market condition analysis for the 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. |
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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 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
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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