United States Geographic Information System (GIS) Market to Reach US$ 6.9 Billion by 2028, Stimulated by Increasing Demand in Telecommunication Industry for Improved Communication

August 17, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “United States Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the United States geographic information system (GIS) market size reached US$ 3.5 Billion in 2022. A geographic information system (GIS) is a technological tool that captures, stores, analyzes, and presents geospatial data. It combines geographic information, such as maps and satellite imagery, with attribute data, such as population statistics or infrastructure details, to provide a comprehensive understanding of spatial relationships and patterns. GIS enables businesses to visualize and interpret data in a geographic context and facilitate enhanced resource allocation. As it is employed in the mining, power, oil and gas, defense, transportation, and agriculture industries to provide enhanced decision-making, the demand for GIS is rising in the United States.

United States Geographic Information System (GIS) Market Trends:

At present, the increasing utilization of location-based services (LBS) and geospatial analytics among businesses for gaining valuable insights and increasing operational efficiency represents one of the primary factors propelling the market growth in the United States. Besides this, the growing adoption of GIS due to the increasing demand for efficient urban planning and infrastructure development among individuals is offering a positive market outlook in the country. In line with this, the rising employment of GIS in the telecommunication industry for improving communication and customer services in the United States, is bolstering the growth of the market. Apart from this, the increasing demand for accurate and up-to-date geospatial data to design and manage sustainable cities, optimize transportation networks, and ensure effective resource allocation is contributing to the market growth in the country. Furthermore, the rising integration of artificial intelligence (AI), the Internet of Things (IoT), and cloud computing that allow real-time data collection is strengthening the growth of the market in the United States. Looking forward, the market value is projected to reach US$ 6.9 Billion by 2028, expanding at a CAGR of 11.8% during 2023-2028.

Market Summary:

Based on the component, the market has been classified into hardware, software, and services. At present, software holds the largest market share.
On the basis of the function, the market has been segregated into mapping, surveying, telematics and navigation, and location-based services. Presently, location-based services represent the biggest market share.
Based on the device, the mobile exhibits a clear dominance in the market, followed by desktop.
On the basis of end use industry, the market has been divided into agriculture, utilities, mining, construction, transportation, oil and gas, and others. Transportation currently dominates the market, accounting for the largest share.
Region-wise, the market has been segmented into Northeast, Midwest, South, and West. Amongst these, Northeast enjoys the leading position in the market.
The competitive landscape of the market has also been examined.

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 Region
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
Regions Covered	Northeast, Midwest, South, West
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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United States Geographic Information System (GIS) Market to Reach US$ 6.9 Billion by 2028, Stimulated by Increasing Demand in Telecommunication Industry for Improved Communication

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