Allied Market Research
According to the report, the Geographic Information System (GIS) Software Market was valued at $6.3 Billion in 2020 and is projected to reach $25.5 Billion by 2030 growing at a CAGR of 15.2%. from 2021 to 2030.
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An increase in the adoption of GIS for facility management, integration of GIS with mainstream technologies for business intelligence, increase in demand for GIS software for smart city development and urban planning have 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.
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.
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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 engine 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.
The global GIS (GIS) software market is dominated by key players including Autodesk Inc., Bentley System, Caliper Corporation, Computer Aided Development Corporation Limited (Cadcorp), ESRI, General Electric Co., Hexagon AB, Pitney Bowes Inc. , SuperMap Software Co., Ltd. and Trimble Inc.
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