The global geographic
information system (GIS) market is anticipated to reach USD 11.2
billion by 2025, according to a new report by Grand View Research, Inc. The
rising adoption of GIS in infrastructure development, urban planning, and smart
cities coupled with increasing location-based services are some of the key
drivers of the GIS market.
GIS is a computerized system that connects data with
geography. Several decisions are taken using GIS, right from tracking a store
location to predicting climate change and analyzing a crime pattern. GIS helps
users to link the data with geographic location to gain spatial insights from
the extracted data.
The growing integration of GIS with conventional
technologies has enhanced the business intelligence of companies. Moreover, the
integration of GIS with IoT devices provides accurate data to users using the
geospatial data analysis. For instance, an IoT-enabled valve can be monitored
from anywhere around the globe using geospatial data.
The demand for location-based services, such as
real-time status and control of a valve, have been on a rising curve around the
globe. The market for GIS is expected to grow over the forecast period owing to
technological advancements and growing applications. Moreover, the growing
awareness among private companies regarding benefits such as improved
productivity and optimization of processes offered by GIS has resulted in the
technology’s increased demand.
Organizations in the private sector use the geographic
information system for applications such as mining, oil & gas,
transportation & logistics, and defense equipment, among others. The rising
application of geographic information systems in construction is anticipated
to, in turn, boost the market demand over the forecast period.
Browse full research report on Geographic Information System (GIS) Market: www.grandviewresearch.com/industry-analysis/geographic-information-systems-market
Further
key findings from the report suggest:
- The growing adoption of GIS in surveying and mapping by several
regions is anticipated to drive the market growth.
- The construction segment is expected to register a high CAGR of
11.2% over the projected period.
- The Asia Pacific regional market is expected to witness significant
growth over the forecast period, owing to the large-scale penetration of
GIS.
- Key players in the market include Autodesk Inc.,The Economic and
Social Research Institute (ESRI), Hexagon AB, and Pitney Bowes Inc.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/communication-services
Grand
View Research has segmented the GIS market based on components, usage,
applications, devices, and regions:
Components
Outlook (Revenue, USD Million; 2014 - 2025)
- Hardware
- Software
- Services
Usage
Outlook (Revenue, USD Million; 2014 - 2025)
- Surveying
- Mapping
- Navigation
Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Transport and
Logistics
- Agriculture
- Construction
- Mining and
Geology
- Oil & Gas
- Aerospace and
Defense
- Utilities
- Government
Device
Outlook (Revenue, USD Million; 2014 - 2025)
- Desktop
- Mobile
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- Middle East
and Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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