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The GIS market size is forecast to increase by USD 21.57 billion, at a CAGR of 20.89% between 2023 and 2028. The convergence of Building Information Modeling (BIM) and Geographic Information Systems (GIS) marks a significant trend in the industry. This integration enhances spatial analysis and visualization capabilities, facilitating more informed decision-making in urban planning, infrastructure development, and construction projects. Moreover, there's a growing recognition of the value of GIS solutions in disaster management, where spatial data plays a critical role in emergency response, risk assessment, and recovery efforts. Additionally, the adoption of GIS solutions extends beyond traditional domains into sectors such as healthcare, insurance, and others. Organizations leverage GIS technology to optimize resource allocation, improve service delivery, and mitigate risks. These trends underscore the expanding role of geospatial intelligence in various industries, driving innovation and efficiency through data-driven decision-making processes. As GIS applications continue to evolve and intersect with diverse domains, they offer unprecedented opportunities for organizations to harness the power of spatial data for strategic advantage and societal benefit. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The market continues to thrive, propelled by advancements in geospatial technology and a demand for smart city planning. Software solutions like 4D GIS software and augmented reality platforms are revolutionizing urban development. Hardware such as GNSS/GPS antennas and LIDAR systems are integral for accurate data collection. Industries like architecture and construction, utilities, oil and gas, and agriculture rely heavily on GIS for efficient operations. With the rise of cloud technology, access to spatial data has become more widespread, benefiting sectors like transportation and precision farming. GIS plays a vital role in addressing challenges posed by urbanization, fluctuating population, and natural disasters. Moreover, its applications extend to diverse fields including video games and the military and defense industry. Our researchers analyzed the market research and growth 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 rising applications of GIS solutions in disaster management are notably driving the market. 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 market during the forecast period.
Rising demand for the miniaturization of technologies is a major trend. 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 growth during the forecast period.
Data privacy and security concerns are major challenges. 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 during the forecast period.
The 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market 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.
AmigoCloud Inc. - The company offers services like public infrastructure mapping, transportation trip urban planning, natural resource management, and many more.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 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 market share growth by the software segment will be significant during the forecast period, as indicated by market forecasting. The software segment, comprising software for desktops, mobile devices, cloud solutions, and servers, is poised for market growth and trends. The software available in the global market is mostly industry-specific software, highlighting the importance of market analysis and report.
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The software segment was valued at USD 4.47 billion in 2018. This growth is driven by rising demand from the telecommunications, retail, and transportation sectors in developing economies. The advantages associated with GIS software, including real-time global geographic visibility, intelligent linking and mapping, and sophisticated sourcing across all the cloud-based and on-premises channels, further contribute to the segment's growth. Moreover, many commercial companies offer open-source GIS software with limited features, catering to small applications and mitigating the threat of counterfeit products in the market. Therefore, such benefits are expected to propel the segment's growth during the forecast period.
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North America is estimated to contribute 35% 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, highlighted in market trends and analysis. The US stands out as one of the most attractive markets in the region for GIS solutions, serving as a key revenue contributor due to its status as the industrial capital of the world and its early adoption of advanced technologies. GIS solutions find extensive use in the healthcare and telecommunications sectors in the US. Similarly, Canada also contributes significantly to the market in the region, with the government actively framing several action plans to revamp the healthcare sector and efficiently use available resources, further driving market research and growth.
Furthermore, the industrial sector across the region is developed and technologically mature, as observed in market growth and forecasting. This maturity leads to an abundance of success stories, which in turn accelerates the rate of technology adoption. Additionally, the strong presence and penetration of top companies supplement the overall market growth in the region, underlining the importance of market research and growth. Therefore, all the abovementioned factors will boost the regional market during the forecast period.
Segment Overview
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is experiencing exponential growth, fueled by the increasing demand for geospatial data in various sectors. From green buildings to the transportation sector, organizations are leveraging GIS collectors and GNSS/GPS antennas for precise location-based insights. Industries like retail are utilizing GIS for site selection and land acquisition, while project management benefits from streamlined processes enabled by GIS solutions. Satellite imaging, aerial photography, and remote sensors enhance GIS capabilities for soil mapping and crop yield evaluation, crucial for sustainable urban development and agricultural planning. Additionally, GIS plays a pivotal role in accident analysis, highway maintenance, and traffic modeling for efficient route planning. With the emergence of virtual meters and location-based services,
Further, GIS extends its reach into business process management and customer relationship management. The synergy between GIS and global navigation satellite systems drives urban planning applications and facilitates water quality management and environmental impact assessments. As smartphone adoption and internet penetration rise, GIS becomes increasingly integral to cartographic and digital initiatives, shaping both urban and rural planning for grain production, homeland security, and beyond.
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Market Scope |
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Report Coverage |
Details |
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Page number |
175 |
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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 20.89% |
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Market Growth 2024-2028 |
USD 21.57 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
17.01 |
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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 35% |
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Key countries |
US, China, Canada, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alphabet Inc., AmigoCloud Inc., Autodesk Inc., Bentley Systems Inc., Caliper Corp., Cadcorp Ltd., Esri Global Inc., 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 NV, Topcon Corp, Trimble Inc., and UrtheCast Corp. |
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Market dynamics |
Parent market analysis, Market forecast, 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 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. |
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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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