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The global geographic information system (GIS) market size was valued at US$ 10.1 Billion in 2021.
According to the estimates by IMARC Group, the global geographic information system (GIS) market is expected to exhibit a CAGR of 13.1% during 2022-2027.
The increasing utilization of GIS in the agriculture sector for precision farming, soil mapping and analyzing crop productivity represents one the key drivers for the global geographic information system (GIS) market.
The advent of geospatial artificial intelligence (GeoAI) that uses AI to extract information from spatial big data represents one of the key trends in the global geographic information system (GIS) market.
Sudden outbreak of the COVID-19 pandemic has resulted in the extensive utilization of geographic information system (GIS) to formulate resource strategies for COVID-19 affected regions through its facility of storing spatial data.
On the basis of the component, the market has been classified into hardware, software and services. Among these, software holds the largest market share.
On the basis of the function, the market has been bifurcated into mapping, surveying, telematics and navigation, and location-based services. At present, telematics and navigation exhibits a clear dominance in the market.
On the basis of the device, the market has been classified into desktop and mobile. Currently, desktop represents the largest segment.
On the basis of the end use industry, the market has been segmented into agriculture, utilities, mining, construction, transportation, oil and gas and others. Among these, construction accounts for the majority of the market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global geographic information system (GIS) market are Autodesk Inc., Bentley Systems Incorporated, Caliper Corporation (PSI Services LLC), Computer Aided Development Corporation Limited (Cadcorp), Environmental Systems Research Institute Inc., General Electric Company, Geosoft Inc. (Seequent Ltd.), Hexagon AB, Maxar Technologies Inc., SuperMap Software Co. Ltd., Topcon Corporation and Trimble Inc.
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