Dallas, Texas, Oct. 10, 2022 (GLOBE NEWSWIRE) — Due to the increasing use of geographic information systems (GIS) in many industries, the geographic information systems market is expected to increase significantly throughout the projected period. Due to its integration with geospatial data and business technology, this industry offers several lucrative opportunities for industry players. Thus, geospatial barriers to data collection and high installation costs of this technology limit the market expansion. Additionally, the expansion of the global geographic information system market is constrained by a lack of knowledge and experience in geographic information systems. Free online access to geographic information is a significant barrier to the expansion of the global market for geographic information systems.
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During the forecast period, it is expected that enterprises will increasingly demand location-based analytics to enhance operational efficiency and improve decision-making, which will have a favorable impact on the global system market geographic information (GIS). The geographic information systems market is also driven by organizations’ growing desire for location-based analytics to improve decision-making and operational efficiency. Additionally, the growing need to combine spatial data with traditional data in order to extract useful information from location data may open potential new opportunities for the geographic information system market during the projection period. .
Key Geographic Information Systems Market Players Comprised of:
- Autodesk Inc.
- AutoNavi Software Co., Ltd.
- Bentley Systems, Inc.
- Environmental Systems Research Institute, Inc.
- Hexagon AB
- Pitney Bowes Inc.
- SuperMap Software Co., Ltd.
- Topcon Positioning Systems
- Trimble Inc.
Several forms of data can be analyzed, generated, maintained and mapped using software called geographic information. It is also linked to the map by combining geographic information with various types of descriptive data, such as demographic information. Through the use of this technology, he is now able to analyze, understand and visualize geographic data to identify trends, patterns and relevant investment opportunities. Users using GIS can better understand relationships, trends and spatial context. In 2030, the global Geographic Information Systems market value was USD 8.1 Billion in 2020 and will reach USD 24.7 Billion in 2030 with a CAGR of 11.79%.
The GIS software segment is estimated to dominate the GIS market, resulting in an increase in the use of GIS for innovative city development, transportation management, and disaster management. The use of GIS in business intelligence and marketing has grown through its integration with ERP and CRM systems.
Geographic Information System Market by Use:
Geographic Information System Market by Component:
Geographic Information System Market Applications Including:
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The infrastructure of a growing number of countries in the Asia-Pacific region is expected to lead to the fastest growth in the region over the forecast period. Programs for smart cities and urban development can be planned using GIS. China is investing a lot of funds in preparing cities and building its infrastructure. The Asia-Pacific region is experiencing an expansion in this market due to the construction boom in Japan.
For example, Esri Inc. unveiled ArcGIS GeoBIM in October 2021, a solution that increases the ability of GIS to be useful to BIM project teams. Acoustic echo cancellation teams can explore and work together using data from many systems in a geographic context using the company’s easy-to-use web experience. The company partners with Autodesk BIM Collaborate Pro, a cloud-based tool for model co-authoring, design coordination and collaboration.
Regional Overview of Geographic Information Systems Market 2022-2029:
|North America||United States, Canada|
|Europe||Germany, France, United Kingdom, Rest of Europe|
|Asia Pacific||China, India, Japan, Rest of Asia-Pacific|
|South America||Mexico, Brazil, Rest of South America|
|Middle East and South Africa|
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