PUBLISHER: The Business Research Company | PRODUCT CODE: 1428374
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428374
A geographic information system (GIS) is an advanced computer-based tool designed to acquire, store, analyze, and visualize information related to specific geographic locations. It integrates various forms of data, including maps, satellite imagery, aerial pictures, and other spatially linked information, enabling a comprehensive understanding of geographic features and their interactions.
The primary components of a geographic information system include hardware, software, and services. Hardware encompasses the tangible elements of a computer or other electronic device. The diverse functionalities include mapping, surveying, telematics and navigation, and location-based services, applicable in both desktop and mobile environments. End users of GIS span across sectors such as agriculture, utilities, mining, construction, transportation, oil and gas, and others.
The geographic information system market research report is one of a series of new reports from The Business Research Company that provides geographic information system market statistics, including geographic information system industry global market size, regional shares, competitors with a geographic information system market share, detailed geographic information system market segments, market trends and opportunities, and any further data you may need to thrive in the geographic information system industry. This geographic information system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The geographic information system market size has grown rapidly in recent years. It will grow from $12.94 billion in 2023 to $14.61 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth observed in the historical period can be attributed to government initiatives, the increasing availability of spatial data, a rising demand for location-based services, the expansion of infrastructure projects, and a growing awareness of spatial analysis.
The geographic information system market size is expected to see rapid growth in the next few years. It will grow to $23.77 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The anticipated growth in the forecast period can be attributed to the rising demand for 3D mapping and modeling, the expansion of smart city projects, an increasing focus on environmental sustainability, and the adoption of cloud-based GIS solutions. Major trends expected in the forecast period include the incorporation of augmented reality in GIS applications, a heightened emphasis on real-time data and analytics, the integration of IoT with GIS, the growth of location-based marketing, and the rise of open-source GIS platforms.
The anticipated rise in defense-related satellites is poised to drive the growth of the geographic information system (GIS) market. Specifically designed to support defense and security efforts, these artificial satellites play a crucial role in providing critical information and capabilities to military forces. GIS leverages data from defense-related satellites for spatial analysis, decision-making, and presentation. As of January 2023, Jonathan's Space Report, a US-based space program researcher, reported a total of 186 international space launches of defense-related satellites in 2022, with an impressive success rate of 182 launches. Notably, the United States and China accounted for a significant portion of these launches, attempting 78 and 64 satellites, respectively. The success rates for these attempts were 72 out of 78 for the US and 62 out of 64 for China. Hence, the increasing deployment of defense-related satellites is expected to be a major catalyst for the growth of the GIS market.
The expansion of smart city projects is anticipated to be a driving force behind the growth of the geographic information system market. Smart cities, utilizing digital technology and data-driven solutions, aim to enhance performance, well-being, and resource efficiency. Geographic information systems play a pivotal role in smart city initiatives by facilitating spatial data analysis, urban planning, and infrastructure optimization. This supports informed decision-making for sustainable development and efficient resource management. According to the Smart City Index Report by the International Institute for Management Development (IMD) in April 2023, the number of smart cities has increased from 118 in 2021 to 141 in 2023. This growth underscores the rising significance of GIS in shaping the development of smart city projects, thereby driving the overall expansion of the geographic information system market.
A noteworthy trend in the geographic information system market is product innovation, with major companies actively focusing on developing cutting-edge products to bolster their market presence. For instance, in August 2023, SuperMap Software Co. Ltd., a China-based GIS solutions provider, introduced SuperMap iDesigner3D. This minimalist WebApp, built on SuperMap iClient3D for WebGL and implemented on the SuperMap iPortal framework, enables users to batch-create 3D models of structures, pathways, and roadways aligned with the geospatial environment. Notably, it utilizes vector data and modeling rules to enhance efficiency in online batch modeling features for real geographic environments, allowing for real-time updates of editing results.
Major companies in the geographic information system market are intensifying efforts to introduce innovative solutions, exemplified by initiatives such as the National Geographic MapMaker. Launched in November 2023 by Environmental Systems Research Institute Inc., a US-based GIS company, and the National Geographic Society, this online interactive mapping tool allows users to explore the world through geography. It supports layering of maps, addition of notes and sketches, and analysis and visualization of complex datasets. Specifically designed for teachers and students, the National Geographic MapMaker includes detailed maps, data, and activities for various subjects and grade levels. Available on online and mobile platforms, the tool is touch-screen friendly, ensuring a user-friendly experience for individuals of all ages and familiarity levels.
In February 2023, NV5 Global Inc., a US-based technical engineering and consulting solutions provider, acquired Axim Geospatial LLC, a GIS professional services provider, for an undisclosed amount. This acquisition enhances NV5 Global Inc.'s position as a leading provider of geospatial utility solutions and expands its presence in federal defense and intelligence sectors. Axim Geospatial LLC's expertise in GIS further strengthens NV5 Global Inc.'s capabilities in this dynamic market.
Major companies operating in the geographic information system market report are Google LLC, Hitachi Solutions Ltd., General Electric Company, Airbus SE, International Business Machines Corporation, Oracle Corporation, Harris Corporation, Hexagon AB, Autodesk Inc., Trimble Inc., Pitney Bowes Inc., Fugro NV, Maxar Technologies Inc., Topcon Positioning Systems Inc., Environmental Systems Research Institute Inc., Bentley Systems Inc., Alteryx Inc., MDA Information Systems LLC, SuperMap Software Co. Ltd, Zondy Cyber Group Co. Ltd., KCI Technologies Inc, Geosoft Inc., Caliper Corporation, AiDash Inc, Blackshark.ai GmbH, Abley Ltd., CARTO, Cadcorp, Blue Marble Geographics, Hi-Target Surveying Instrument Co. Ltd.
North America was the largest region in the geographic information system market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geographic information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the geographic information system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The geographic information system market consists of revenues earned by entities by providing scientific investigations, resource management, and development planning. The market value includes the value of related goods sold by the service provider or included within the service offering. The geographic information system market also includes sales of ArcGIS, QGIS, and multitude. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Geographic Information System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on geographic information system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for geographic information system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The geographic information system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.