Geographic information systems (GIS) refer to the gathering, storage, manipulation, presentation, and analysis of geo-spatial data associated with any geographic location in the world. The geographic information systems (GIS) make use of various input types such as existing maps, satellite imagery, aerial imagery, and 3D scanners, among others to create digital maps of geographic locations. Moreover, GIS allows manipulation of geographic data collected from numerous sources to align with each other and stores a normalized digital map. The GIS enables organizations and entities to quickly assess and compare various geographical locations based on specific natural features such as temperature, altitude, seismic activities, and availability of resources among others. In addition, the GIS data can contain numerous parameters such as population, infrastructure, and demographics pertaining to any specific location. Thereby, the usage of GIS offers numerous benefits for government bodies and organizations to maintain categorized databases of various locations. The GIS market comprises various components such as hardware, software, data, and services provided by various participants in the geographic information ecosystem.

Geographic information systems (GIS) have proved immensely helpful for various government bodies in the planning and commissioning of numerous infrastructure projects. In addition, numerous businesses have realized the potential of using geographic information systems (GIS) for various purposes. One of the supply-side drivers of the growth in the geographic information systems (GIS) market includes technological advancements in 3D mapping. The latest systems are capable of delivering deeper geospatial data with a higher degree of accuracy. With the use of aerial unmanned vehicles (AUVs), precise satellite positioning with global navigation satellite system (GNSS), and light detection and ranging (LiDAR), GIS are able to capture and store precise geographical data enabling enhanced data manipulation and presentation. Thereby, the geographic information systems (GIS) have gained immense popularity and higher adoption in recent years.

The report titled “Global Geographic Information Systems (GIS) Market- Growth, Future Prospects, and Competitive Analysis, 2020 – 2028” offers strategic insights into the global geographic information systems (GIS) market along with the market size and estimates for the duration 2018 to 2028. The said research study covers in-depth analysis of multiple market segments based on components, end-use industry, and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report covers a section providing analysis of the key applications of geographic information systems (GIS) in various end-use industries across the world.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of geographic information systems (GIS), market positioning, and key developments. Some of the major players profiled in the report are Hexagon AB, Autodesk, Inc., Bentley Systems, Inc., Environmental Systems Research Institute (ESRI), FARO Technologies, Inc., Topcon Positioning Systems, Inc., Trimble, Inc., Pitney Bowes, Inc., MacDonald, Dettwiler and Associates Ltd., SuperMap Software Co., Ltd., Pasco Corporation, Ubisense Group Plc., Schneider Electric SE, Geodezia Zrt. and South Surveying & Mapping Instrument Co., Ltd.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the geographic information systems (GIS) industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2018 – 2019)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global geographic information systems (GIS) market, offering market size and estimates for the period from 2020 to 2028, keeping in mind the above-mentioned factors.

The global geographic information systems (GIS) market is segmented, based on components, into the following categories

• Hardware
• Software
• Data
• Services

In 2019, the services segment led to the overall geographic information systems (GIS) market in terms of revenue. Various implementation and consultation services contributed to the higher revenues generated in this segment. Due to the increasing adoption of geographic information systems (GIS) across the world, the services segment is expected to witness increasing growth during the forecast period. With the growing demand for geospatial data from various organizations, the data segment is expected to witness sustained growth during the forecast period.

Technological advancements and reducing costs of the various equipment required to capture geospatial are expected to lower the overall revenue generated in the hardware segment during the forecast period. However, this segment is expected to witness nominal growth due to replacements and repairing services associated with hardware. Thereby, the overall geographic information systems (GIS) market is expected to witness a shift towards the services and data segment by the end of 2028.

In 2019, North America led the overall geographic information systems (GIS) market across the world. The segment contributed to more than one-third of the total revenue generated globally in 2019. Technological advancements in imagery and scanning technologies have opened up new avenues for the geographic information systems (GIS) market in the developed countries. In addition, the presence of numerous providers of geographic information systems (GIS) in the U.S. has resulted in the higher adoption of the systems in the North American region.

Europe and the Asia Pacific followed the North America region in the global geographic information systems (GIS) market in terms of revenue. With rising security threats and constantly changing demographics in the overall European region, various government bodies have been making use of geospatial data to ensure public safety. The economic growth in developing countries in the Asia Pacific region also offers immense growth opportunities for various service providers. With strong demand for geographic information systems (GIS) from various regions across the world, the overall market is expected to witness significant growth during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Geographic Information Systems (GIS) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Geographic Information Systems (GIS) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Geographic Information Systems (GIS) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Geographic Information Systems (GIS) market?
• Which is the largest regional market for Geographic Information Systems (GIS) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Geographic Information Systems (GIS) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Geographic Information Systems (GIS) market worldwide?