Global Geographic Information System (GIS) Market - 2023-2030

Market Overview

The global geographic information system (GIS) market size was worth US$ XX million in 2022 and is estimated to reach US$ XX million by 2030, growing at a CAGR of XX% within the forecast period (2023-2030).

A Geographic Information System is a powerful tool designed by combing spatial data and information to understand the world better.

GIS technology typically integrates geographic data from various sources, including satellite imagery, aerial photography and field surveys, with statistical and other data to generate maps, reports and other information products. The data generated allows GIS users to create accurate and detailed maps, analyze spatial relationships and patterns and make informed decisions based on their findings.

Geographic Information Systems (GIS) has shown significant growth in the oil and gas industry for various applications, including exploration, production and pipeline management. GIS technology allows companies to integrate, analyze and visualize a wide range of data, including geological, geophysical and environmental data, to make informed decisions about where to drill for oil and gas and how to manage their operations.

Market Dynamics

Growing investment in smart cities drives the geographic information system (GIS) market.

Rising incidence of eye health issues across the globe drives the Geographic Information System (GIS) market

Smart cities use advanced technology, including GIS, to improve the quality of life for their citizens and create a more sustainable urban environment. GIS technology is an essential component of smart cities because it allows for collecting, managing and analyzing large amounts of data from various sources, including sensors, cameras and other IoT devices. The collected data can then be used to create maps, visualizations and other information products that help city officials and stakeholders make better-informed decisions.

Furthermore, GIS technology can create real-time traffic maps, which can help city officials optimize traffic flow, reduce congestion and improve air quality. GIS can also be used to create maps of air and water quality, which can help city officials identify areas where pollution is a problem and take steps to address it. Additionally, GIS can create maps of energy consumption, which can help city officials identify areas where energy efficiency can be improved and take steps to reduce the city's carbon footprint.

In addition, the increasing adoption of GIS technology by government agencies and private organizations is also driving the growth of the GIS market. Government agencies use GIS technology for land-use planning, resource management and emergency response. Private organizations use GIS technology for market analysis, logistics and other applications.

Indian sub-continent countries such as India are investing heavily in GIS technology to boost the smart city projects in the region; therefore, expected to create huge opportunities for the market to grow in the forecast period.

High cost and data barrier hurdles the geographic information system (GIS) market

The high cost of geographic information systems (GIS) technology is one of the main factors impacting the growth of the GIS market. GIS technology is a complex and sophisticated tool that requires significant investment in hardware, software and personnel to implement and maintain.

One of the main costs associated with GIS technology is the software cost. GIS software can be quite expensive, with some high-end solutions costing hundreds of thousands of dollars. Additionally, many GIS software solutions require ongoing subscription fees, which can add to the overall cost of the technology.

Another significant cost associated with GIS technology is the cost of hardware. GIS systems typically require powerful servers, storage systems and other hardware to process and manage the large amounts of data they generate. These costs can be significant, especially for organizations that must process large amounts of data in real-time.

The cost of personnel is also a significant factor impacting the growth of the GIS market. GIS technology requires specialized personnel with skills in GIS, remote sensing, cartography and data analysis. This personnel can be hard to find and retain and their salaries can be quite high.

COVID-19 Impact Analysis

The COVID-19 pandemic has significantly impacted the geographic information systems (GIS) market. The outbreak and subsequent lockdowns have accelerated the demand for GIS-based solutions, as organizations and governments have had to adapt to the changing conditions caused by the pandemic quickly.

One of the main ways GIS has been used during the pandemic is tracking and monitoring the spread of the virus. GIS-based solutions have been used to create maps and visualizations of the number of cases and deaths and to analyze patterns and trends in the data. Governments and health organizations have used the information to decide how to respond to the pandemic.

Another way in which GIS has been used during the pandemic is for logistics and supply chain management. GIS-based solutions have been used to track the movement of goods and people and optimize routes and schedules. Thus the growing demand for tracking has been particularly important for organizations that have had to adapt to the increased demand for certain goods and services caused by the pandemic leading to a boost in the market share for the product during the pandemic phase.

Segment Analysis

The global geographic information system (GIS) market is segmented by offering, function, end-user and region.

Growing demand for mapping solutions to create and display maps and to analyze and manage spatial data is boosting the segmental growth of the GIS market

Based on function, the global geographic information system (GIS) market is segmented into mapping, surveying, telematics, navigation and location. Mapping holds a major share in the geographic information system (GIS) market. A Geographic Information System is a computer-based system used to capture, store, manipulate, analyze, manage and present spatial or geographic data. GIS technology can create interactive maps that display a wide range of information, including demographic data, land use, natural resources and infrastructure. GIS systems are used in various fields, including urban planning, environmental management, transportation and emergency response.

GIS mapping functions are used to create and display maps and to analyze and manage spatial data. These functions include data capture, data storage, data manipulation, data analysis and data presentation. GIS software can create digital maps that can be viewed on a computer screen or printed out as hard-copy maps. GIS data can also be integrated with other data types, such as demographic data, to create more detailed and informative maps.

GIS mapping functions can create many maps, including political, topographic and thematic maps. Thematic maps display information about a specific topic, such as population density, land use or natural resources. GIS data can also be used to create 3D maps that can be used to visualize terrain, buildings and other features in 3D. Companies are also investing in technology.

For instance, in 2022, Trimble announced a new high-performance data collector for its Mapping and Geographic Information Systems (GIS) portfolio-the Trimble TDC650 handheld. The TDC650 offers users a rugged solution with scalable high-accuracy Global Navigation Satellite System (GNSS) positioning for professional field workflows. It is designed for GIS data collecting, inspection and asset management tasks.

Geographical Analysis

Growing government investment in smart cities and rapid urbanization is boosting the geographic information System (GIS) market in Asia-Pacific

The Asia-Pacific's Geographic Information System (GIS) market has seen significant growth in recent years. The demand for Geographic Information Systems (GIS) in India has been increasing in recent years, driven by the country's growing need for efficient management of land and natural resources, as well as the need for better decision-making in various sectors such as urban planning, infrastructure development and natural resource management.

One of India's main drivers of GIS demand is the country's rapid urbanization. As more and more people move to cities, the need for effective urban planning and management increases. GIS technology can create detailed maps of urban areas, which can be used to plan and manage infrastructure, such as roads, water supply systems and public transportation. The technology also enables the analysis of population density and land use patterns, which can be used to make informed decisions about future development projects.

The Indian government is also playing a key role in promoting the use of GIS technology. The government has invested in several GIS-related projects in recent years, such as the National Land Records Modernization Program and the National Spatial Data Infrastructure program, which aims to create a comprehensive spatial data infrastructure for the country.

In addition to government initiatives, private sector companies in India are also increasingly adopting GIS technology. For instance, several real estate, oil and gas and mining companies are using GIS to plan and manage their operations more efficiently, driven by the presence of countries such as India, Bhutan and Sri Lanka.

Competitive Landscape

The global geographic information system (GIS) market is highly competitive with local and global key players. The key players contributing to the market's growth are Environmental Systems, Research Institute, Inc. (ESRI), Hexagon AB, Pitney Bowes Inc, Autodesk, Inc, Trimble Inc, Bentley Systems, Incorporated, General Electric Co, Blue Marble Geographics, Maxar Technologies Inc, Schneider Electric SE among others.

The major companies are adopting several growth strategies, such as product launches, acquisitions and collaborations, contributing to the global growth of the geographic information system (GIS) market.

• On December 2021, Esri India, a growing Geographic Information System (GIS) software and solutions provider, announced the launch of Indo ArcGIS to address the need for ready-to-use GIS-based solutions and geospatial content for GIS users in India.

Schneider Electric

Overview: Schneider Electric is a European multinational company providing energy and digital automation solutions for efficiency and sustainability. It addresses homes, buildings, data centers, infrastructure and industries by combining energy technologies, real-time automation, software and services. The company operates as a public entity and generated sales of US$ 30,872 million during the fiscal year ending December 31st, 2020. With a successful energy-as-a-service project, Schneider Electric offers a model to bring microgrid benefits to many other communities nationwide.

Product Portfolio: EcoStruxure ArcFM Editor XI: The software offers GIS editors in electric, gas and water utilities with enhanced data validation, streamlined editing tools and clearer analysis for increased productivity.

Key Development

• In 2022, Schneider Electric announced it to extend its award-winning green and digital switchgear range with RM AirSeT.

Why Purchase the Report?

• Visualize the global geographic information system (GIS) market segmentation by offering, function, end-user and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the geographic information system (GIS) market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global geographic information system (GIS) market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global geographic information system (GIS) market report would provide approximately 60 market data tables,54 figures and 201 pages.

Target Audience 2023

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