According to the new market research report on the "Geographic Information System Market by Offering (Hardware (GIS Collector, Total Station, LiDAR), Software, Services), Function (Mapping, Surveying, Telematics and Navigation, Location-Based Service), Industry, Region - Global Forecast to 2025", 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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“APAC to be the fastest-growing region in the geographic information system market during the forecast period”
APAC is expected to be the fastest-growing region in the global GIS market. With the increasing infrastructural growth in various countries in the region, GIS is expected to be used for smart city planning and urban development programs.
China is investing heavily in infrastructure development and urban area planning. This investment in the construction industry would boost the market for geospatial surveying technologies such as GNSS receivers and GIS collectors. The growth of the construction industry in Japan is creating opportunities for the GIS market in construction processes. With the emerging urban sector in India, there has been a considerable demand for geospatial technologies that can support various types of urban development projects.
Key Market Players
Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Autodesk Inc. (US), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co. Ltd. (China), Bentley Systems Inc. (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), SuperMap Software Co. (China), Harris Corporation (US), and Maxar Technologies Inc. (US) are among a few major players in the geographic information system market.
Trimble (US) is one of the key players in the GIS market, with operations in all the major geographic regions. It is also a leading provider of location-based solutions, including 3D scanners and software solutions. Product launches and acquisitions are the major strategies adopted by the company to compete in the market. It has launched several new GIS solutions in the fiscal year 2018–2019; the company continuously focuses on the development of advanced technologies and product enhancement. The company has acquired two major businesses providing products and services that are in sync with its geospatial and surveying solutions. The company caters to a variety of end-users, including agriculture, construction, natural resources, utilities, government, and transportation and logistics.
Pitney Bowes (US) is a leading provider of customer information management, location intelligence, shipping and mailing, and e-commerce solutions. The company has an extensive geographic presence across regions, such as North America, Europe, APAC, Africa, and the Middle East. It invests lesser in R&D compared with other players in the market. The company focuses on alliances and partnerships with strategic companies to grow in the market
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“Mapping function held the largest market size in the overall GIS market “
The mapping function held the largest share of the global GIS market in 2020. Mapping offers a better decision making for selection of agriculture sites, natural resource extraction, disaster management, urban planning, and transportation modeling. Hence, the use of mapping technologies has been growing at a rapid pace in numerous application sectors, including construction, infrastructure, defense and security, transportation, agriculture, forestry, and environment. Urban planning and smart city development program in developing countries, such as India and China, have contributed to the market growth of mapping function.
“GIS collectors to dominate the market for GIS hardware during the forecast period”
GIS users face challenges for data collection in closed or covered areas, such as dense forests. GIS collectors offer reliable and accurate data collection in these areas. Some of these GIS collectors are integrated with cellular modems, GPS, cameras, and displays. GIS collector hardware type is expected to dominate the GIS market during the forecast period due to the increasing demand for GIS collectors for data capturing and mapping in the agriculture, construction, and utility sectors. GIS collector offers field data collection in both online and offline mode. It also supports external GNSS/GPS receivers for improved spatial data collection.
“Transportation sector held the largest market size in the overall GIS market”
Transportation has created an ever-increasing demand for GIS-based technologies. With the emergence of telematics and navigation applications, GIS is expected to play a vital role in the transportation sector. GIS is adopted widely in the transportation industry for applications such as highway and roadway management, real-time traffic data monitoring, railway route planning, and transportation modeling.
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