Overview and Scope
A geographic information system (GIS) is an advanced computer-based tool that acquires, stores, examines, and visualizes information about specific geographic locations. It incorporates many forms of data, including maps, satellite imagery, aerial pictures, and other spatially linked information, to thoroughly understand geographic features and their interactions.
Sizing and Forecast
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 in the historic period can be attributed to government initiatives, increasing spatial data availability, rising demand for location-based services, expansion of infrastructure projects, 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 growth in the forecast period can be attributed to rising demand for 3d mapping and modeling, expansion of smart city projects, increasing focus on environmental sustainability, adoption of cloud-based gis solutions. Major trends in the forecast period include augmented reality in gis applications, emphasis on real-time data and analytics, integration of iot with gis, growth of location-based marketing, rise of open-source gis platforms.
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Segmentation & Regional Insights
The geographic information system market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Function: Mapping, Surveying, Telematics And Navigation, Location-Based Services
3) By Device: Desktop, Mobile
4) By End User: Agriculture, Utilities, Mining, Construction, Transportation, Oil And Gas, Other End Users
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
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Major Driver Impacting Market Growth
Increasing defense-related satellites are expected to propel the growth of the geographic information system market. Defense-related satellites are artificial satellites designed to support defense and security efforts by providing critical information and capabilities to military forces. Geographic information systems use defense-related satellites to gather spatial data for decision-making, filter it, analyze it, and present it. For instance, in January 2023, according to Jonathan’s Space Report, a US-based space program researcher, there were 186 international space launches of defense-related satellites in 2022, with 182 of them being successful. Further, the US attempted to launch 78 defense-related satellites in 2022, with 72 flourishing, and China tried to launch 64 satellites in 2022, of which 62 made orbit. Therefore, the increasing number of defense-related satellites is expected to propel the growth of the geographic information system market.
Key Industry Players
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.
The geographic information system market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
…………
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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