GCC Geographic Information System (GIS) Market to Reach US$ 1,383.4 Million by 2028, Propelled by Rising Number of Smart Cities

April 03, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “GCC Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the GCC geographic information system (GIS) market size reached US$ 591.9 Million in 2022.

Geographic information system (GIS) refers to an advanced technology used to capture, store, manipulate, and analyze geospatial data. It’s comprised of computers, servers, storage devices, software applications, and various data sourced from census, satellites, and navigation systems. GIS is widely used in urban planning, environmental science, transportation networks, natural resource management, agriculture, public health, and emergencies. It is a cost-effective and versatile technology that increases efficiency, improves public safety, and promotes collaboration between partners. GIS also enhances data analysis capabilities and allows better visualization, which aids in decision-making, optimizing operations, saving time, reducing energy consumption, and improving overall outcomes.

GCC Geographic Information System (GIS) Market Trends:

The rising number of smart city projects is one of the key factors driving the market growth in the GCC region. GIS is widely used for developing, managing, and planning various smart city operations, such as transportation, public safety, utilities, waste generation, land use, building infrastructure, and environmental monitoring. Furthermore, the increasing initiatives by several regional governments, such as the Abu Dhabhi spatial data infrastructure program, the Kingdom of Saudi Arabia geospatial information infrastructure, and the Bahrain spatial data infrastructure (BSDI) to promote the adoption of geospatial data in national planning and development projects is providing an impetus to the market growth. Additionally, the introduction of cloud-based GIS that provides easy accessibility, enhances security, improves scalability, and allows easy integration with other services and applications is positively influencing the market growth. Apart from this, the integration of artificial intelligence (AI) to increase the accuracy and speed of geospatial analysis and automate several operations, such as image classification, predictive modeling, and object detection, is creating a positive outlook for the market. Moreover, the widespread adoption of GIS in the agriculture industry to support precision farming, optimize water usage, and increase crop yield is favoring the market growth. Other factors, including rapid infrastructural development activities, increasing investment by several regional governments in the development of smart cities, and the growing application of GIS in oil and gas exploration activities, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 1,383.4 Million by 2028, exhibiting a CAGR of 15.1% during 2023-2028.

Market Summary:

On the basis of the component, the market has been divided into hardware, software, and services.
Based on the function, the market has been classified into mapping, surveying, telematics and navigation, and location-based services.
On the basis of the device, the market has been bifurcated into desktop and mobile.
Based on the end use industry, the market has been divided into classified agriculture, utilities, mining, construction, transportation, oil and gas, and others.
On a regional basis, the market has been categorized into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain.
The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Component, Function, Device, End Use Industry, Country
Countries Covered	Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, Bahrain
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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GCC Geographic Information System (GIS) Market to Reach US$ 1,383.4 Million by 2028, Propelled by Rising Number of Smart Cities

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