Geographic Information System Software Market Expected to Record Growth

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Geographic Information System (GIS) Software Market

According to the report, the global GIS Software Market was valued at USD 6.3 Billion in 2020 and is projected to reach USD 25.5 Billion by 2030, registering a CAGR of 15.2% from 2021 to 2030.

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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Desktop GIS software segment will dominate until 2025

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.

The transport and logistics segment will maintain its leadership throughout the 2018-2025 period

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.

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North America to rule the roost

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.

Market players in the industry

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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KEY FINDINGS OF THE STUDY –

• By component, the software segment accounted for the largest GIS software market share in 2020.
• Regionally, North America generated the highest revenues in 2020.
• Based on function, the mapping segment generated the highest revenue in 2020.

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The COVID-19 outbreak is expected to have an overall positive impact on the geographic information system software market size growth. This is attributed to the increase in demand for effective location-based solutions, which are helping many governments and organizations respond to the major health crisis, maintain continuity of business operations during the period, and support the reopening process after the disasters. early stages of COVID-19. 19 epidemic. The GIS software solution provided appropriate geospatial data that helped organizations optimize their supply chain and business operations and enabled them to operate smoothly and efficiently during the time of a global pandemic. In addition, increasing trends of remote working in many countries are contributing to the growth of the GIS software solutions market over the forecast period.

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