The development of smart cities, urbanization, integration of geospatial technology and cloud technology are factors driving the growth of the GIS market.
PORTLAND, PORTLAND, OR, USA, Sept. 9, 2022 /EINPresswire.com/ — Allied Market Research has released a new report titled “Geographic Information System (GIS) Software Market”. The report offers an in-depth analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces Analysis, and competitive landscape. This study is a useful source of information for market players, investors, VPs, stakeholders and new entrants to gain an in-depth understanding of the industry and determine the steps to be taken to obtain a competitive advantage.
GIS Software Market was valued at USD 6.3 Billion in 2020 and is projected to reach USD 25.5 Billion by 2030, growing at a CAGR of 15.2% from 2021 to 2030.
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The report offers key drivers propelling the growth of the Global Geographic Information System (GIS) Software Market. This information helps market players design strategies to gain market presence. The research also highlighted market constraints. Opportunity insights are mentioned to help market players take further steps by determining the potential in untapped regions.
Increasing adoption of GIS for facility management, integration of GIS with mainstream technologies for business intelligence, increasing demand for GIS software for smart city development and urban planning fueled the growth of the global GIS software market. On the other hand, the high cost and availability of open source GIS software has hampered the growth to some extent. Nevertheless, the adoption of advanced technologies such as augmented reality, virtual reality and IoT for GIS, emerging technologies such as geospatial AI and the development of 4D GIS software have created a number of opportunities in the market.
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On an end-user basis, the transportation and logistics segment accounted for nearly one-fifth of the total market in 2017 and is expected to remain dominant by 2025. Increasing adoption of advanced technologies such as connected cars, advanced telematics and navigation systems have driven growth. Simultaneously, the agriculture segment is expected to grow at the highest CAGR of 14.0% during the study period.
Based on the type of GIS software, the desktop GIS segment held the highest market share in 2017, contributing nearly two-fifths of the total market. Being the most commonly used GIS solution, it has all the basic functionality of GIS, which in turn, has worked as the main driver for its growth. Simultaneously, the others segment is expected to grow at the highest CAGR of 13.8% during the forecast period. The report also offers information about Server GIS, Developer GIS, and Mobile GIS.
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Based on the region, North America contributed more than a third of the total market in 2017 and is expected to dominate throughout the forecast period. Factors contributing to the highest share of this market in the region include large amount of data generated daily by several organizations and adoption of advanced technologies as well as digitization.
Major market players analyzed in the report are Autodesk, SuperMap, Trimble, ESRI, Hexagon AB (Intergraph), Pitney Bowes, Caliper, Computer Aided Development Corporation Limited (Cadcorp), General Electric Co. and Bentley System. They have adopted several high-end strategies and managed to retain their strong hold in the industry.
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• The report provides qualitative and quantitative analysis of current GIS market trends, forecasts and market size from 2021 to 2030 to determine new opportunities.
• Porter’s Five Forces Analysis highlights the ability of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Market players positioning segment helps to understand the current position of the market players active in the GIS industry.
Report key offerings:
• Key Drivers and Opportunities: Detailed analysis of driving factors and opportunities in different segments for strategy development.
• Current trends and forecasts: comprehensive analysis of the latest trends, development and forecasts for the next few years in order to take the next steps.
• Segmental Analysis: Analysis of each segment and drivers, as well as revenue forecast and growth rate analysis.
• Regional Analysis: In-depth analysis of each region helps market players design expansion strategies and leapfrog.
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Finally, this report provides market insights in the most comprehensive manner. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.
Other trend report:
1. India Geographic Information System (GIS) Software Market
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