The global geographic information systems (GIS) market size is expected to grow from USD 8.1 billion in 2020 to USD 14.5 billion by 2025 at a CAGR of 12.4% from 2020 to 2025. A few key factors driving the growth of this market include the development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and the adoption of GIS solutions in the transportation sector.
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Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Trimble Inc. (US), Pitney Bowes Inc. (US), Autodesk Inc. (US), Topcon Corporation (Japan), Maxar Technologies Inc. (US), Caliper Corporation (US), and Bentley Systems, Inc. (US) are among a few major players in the GIS market. The GIS market is highly competitive, with the presence of several big and small market players. New product launches and developments, partnerships, agreements, contracts, collaborations, and acquisitions are some of the major strategies adopted by the players to grow in the GIS market.
Environmental Systems Research Institute, Inc. (Esri) (US) has a diversified portfolio of GIS software and Geodata services. The core strengths of the company include comprehensive offerings, strong financial performance, global strategic alliances, and a vast customer base. The company primarily focuses on new product launches and developments to offer technically advanced solutions to its customers. It has launched several new products in FY2019, with a focus on product enhancement and on the development of advanced geospatial technologies. The company operates as a core GIS solution provider, catering to a variety of industries. Also, it focuses on inorganic growth strategies to develop its capabilities to serve distinct markets worldwide in a better manner. For instance, in 2020, Esri partnered with Open Systems International, Inc. (OSI), which is an automation software company. The customers in the field of electric, gas, and water utility industries would be able to leverage both Esri’s ArcGIS Utility Network Management as a part of their geographic information system (GIS) and OSI’s monarch operational technology (OT) platform.
Hexagon AB (Sweden) offers a diversified range of geographical information software for surveying, construction, public safety, natural resources, transport & public service, and defense industries. Intergraph Corp. (US), a wholly-owned subsidiary of Hexagon, offers GIS software and services in the GIS market. Owing to its innovative technological capability, the company can offer diversified and innovative products for major industries, thereby driving competitiveness in the market. For instance, in 2019, the company launched Power Portfolio 2020, the latest version of its leading photogrammetry, remote sensing, GIS, and cartography products.
“APAC expected to grow at the highest rate between 2020 and 2025”
APAC is expected to be the fastest-growing GIS market during the forecast period. In this region, geospatial technologies are being utilized for rural and agricultural development over the last decade. In APAC, companies across various sectors, such as architecture, engineering & construction, mining & manufacturing, and agriculture, are using GIS technologies to identify the potential markets and using geospatial information to make strategic decisions. Surveying and mapping technologies are used widely in the APAC region. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven demand for GIS in this region.
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