Global Geographic Information Systems Industry to 2030 – Featuring Hexagon, Autodesk and Maxar Technologies, Among Others – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The Geographic Information System (GIS) Market Research Report: By Component, Function, Data Type, Project Size, and Industry – Global Industry Analysis and Growth Forecast to 2030 ” has been added to from ResearchAndMarkets.com offer.

The global GIS market value will grow from $8,185.9 million in 2020 to $24,607.7 million by 2030, at a CAGR of 11.6% between 2020 and 2030.

As this technology visualizes, analyzes and interprets geographic information to determine trends, patterns and relationships, investments in this area are increasing. For example, the United Nations (UN) plans to use a geographic information system (GIS) to offer location information to various industries.

Additionally, the COVID-19 pandemic has been characterized by the wide use of this technology to map the spread of infection by tracking the travel history of infected people and identifying those who have had contact with them. The GIS has also been used to create temporal maps, to follow the spread of the virus over a period and to propose action plans.

The most important function of technology in recent years has been mapping. Due to rapid urbanization and population growth, GIS is used to create maps and enable effective urban planning.

The fastest growth in the supply-based GIS market is predicted in software. Indeed, advanced GIS software supports the mapping of field operations, the integration of analytical tools, as well as the management and display of geographic information via dashboards and reports.

Over time, the use of this technology for disaster management in developing and developed countries is increasing. It is used to track the path and assess the impact of hurricanes, tornadoes, wildfires, tsunamis, earthquakes, oil spills, and disease outbreaks.

Therefore, the government sector is the largest user of geographic information systems. Much of the disaster management and relief work is carried out by governments, which have additionally been at the forefront of the fight against the COVID-19 pandemic.

GIS is primarily used in medium-sized projects, which abound in the healthcare and defense sectors. Therefore, with increasing health and defense spending around the world, the use of this technology is increasing.

Asia-Pacific (APAC) is expected to be the fastest growing GIS market in the coming years owing to rapid urbanization and government spending on infrastructure development.

Currently, North America uses Geographic Information Systems the most due to the advanced computing infrastructure and high technical knowledge here. The United States, the largest defense spender in the world, uses it to manage battlefield operations, gather intelligence, monitor possible terrorist activity and analyze the terrain.

Market dynamics

Tendencies

  • Use of 3D GIS in the development of urban infrastructure

  • Use of GIS in Disaster Management

  • System miniaturization

Drivers

  • Growing investments in GIS solutions

  • Growing demand for enterprise GIS solutions

  • Increase the availability of spatial data and cloud technology

  • Growing demand for GIS in Location as a Service (LaaS)

  • Growing demand for GIS solutions in the transport sector

  • Analysis of impact of drivers on market forecasts

Constraints

  • High initial GIS setup cost

  • Lack of data

  • Impact Analysis of Restrictions on Market Forecast

Opportunities

  • Increased focus on AI-based geospatial solutions

Companies cited

  • Environmental Systems Research Institute (Esri) Inc.

  • Hexagon AB

  • Autodesk Inc.

  • Schneider Electric SE

  • General electricity company

  • Precisely incorporated

  • Maxar Technologies Inc.

  • Bentley Systems Incorporated

  • SuperMap Software Co.Ltd.

  • PASCO COMPANY

  • IQGeo Group plc

  • Trimble Inc.

For more information about this report, visit https://www.researchandmarkets.com/r/vsx7wb.

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