Europe Geographic Information System (GIS) Market to Reach US$ 3.9 Billion by 2028, Stimulated by Rising Trend of Digital Transformation

July 28, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Europe Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the Europe geographic information system market size reached US$ 2.5 Billion in 2022. A geographic information system (GIS) is a technological tool that captures, stores, checks, integrates, manipulates, analyzes, and presents data related to positions on the surface of the earth. It displays spatial data in the form of interactive maps and three-dimensional (3D) scenes and enables users to perform spatial queries, analyses, and interpretations. It helps integrate various types of data and layers of information into a single map. It automates and streamlines tasks, reduces workload, increases productivity, and helps in making informed decisions by providing visualizations of data that makes it easier to understand patterns and trends. Besides this, as it aids in better planning and risk management, the demand for GIS is increasing across Europe.

Europe Geographic Information System (GIS) Market Trends:

The rising utilization of GIS in zoning, utility mapping, and land use and transportation planning represents one of the key factors stimulating the market growth. Additionally, the increasing digital transformation in Europe is influencing the need for geospatial data analysis and visualization positively. Apart from this, the widespread adoption of GIS in monitoring environmental changes, predicting outcomes, and planning responses is catalyzing its demand in the region. Furthermore, the increasing construction activities of new buildings and the upgradation of the existing infrastructure projects in the transportation, energy, and utilities sectors are driving the demand for GIS in the construction industry for planning, implementation, and maintenance. Moreover, the integration of GIS with advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and drones is expanding its application areas. Besides this, the increasing availability of open-source and real-time geospatial data is making GIS more accessible and useful and contributing to the market growth in Europe. Looking forward, the market value is projected to reach US$ 3.9 Billion by 2028, expanding at a CAGR of 7.2% during 2023-2028.

Market Summary:

On the basis of the component, the market has been segmented into hardware, software, and services. Software currently accounts for the largest market share.
Based on the function, the market has been divided into mapping, surveying, telematics and navigation, and location-based services. At present, location-based services hold the largest market share.
On the basis of mobile exhibits a clear dominance in the market, followed by the desktop.
Based on the end use, the market has been segmented into agriculture, utilities, mining, construction, transportation, oil and gas, and others. Transportation dominates the overall market.
Region-wise, the market has been segmented into Germany, France, United Kingdom, Italy, Spain, and others. Amongst these, Germany enjoys the leading position in the market.
The competitive landscape of the market has also been examined, along with the list of key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Component Function Device End Use Industry Country
Components Covered	Hardware, Software, Services
Functions Covered	Mapping, Surveying, Telematics and Navigation, Location-Based Services
Devices Covered	Desktop, Mobile
End Use Industries Covered	Agriculture, Utilities, Mining, Construction, Transportation, Oil and Gas, Others
Countries Covered	Germany, France, United Kingdom, Italy, Spain,Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Europe Geographic Information System (GIS) Market to Reach US$ 3.9 Billion by 2028, Stimulated by Rising Trend of Digital Transformation

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