Global Geographic Information System Market Size to worth USD 23.20 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Geographic Information System Market Size is Expected to Grow from USD 9.78 Billion in 2023 to USD 23.20 Billion by 2033, at a CAGR of 9.02% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Geographic Information System Market Size, Share, and COVID-19 Impact Analysis, By Offering (Hardware, Software, and Services), By Function (Mapping, Surveying, Telematics & Navigation, and Location-Based Service), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
A geographic information system is a technology that enables the collection, analysis, management, and visualization of spatial and geographic data. GIS integrates hardware, software, and data to enable the mapping and analysis of real-world locations, providing valuable insights for decision-making in sectors such as urban planning, environmental management, transportation, and agriculture. GIS tools enable users to display geographic data in the forms of maps, 3D models, and other graphical representations, which help identify patterns, trends, and relationships critical for planning and operational strategies. Therefore, as the need for accurate spatial data in decision-making grows, GIS becomes a critical component in optimizing resources, improving operational efficiencies, and enhancing service delivery within industries. Furthermore, the growth of the market for geographic information systems is primarily driven by such factors as increasing demand for location-based services, rising smart city initiatives, and the growing application of GIS technology in sectors like agriculture, defense, and transportation. Further, enhancements in cloud computing, big data, and AI are strengthening GIS capabilities. However, challenges such as the high cost of implementing GIS, data privacy issues, and integration complexities with the existing system are going to be a major restraint to market growth, especially for small and medium-sized enterprises.
The software segment is predicted to hold the greatest market share through the forecast period.
Based on the offering, the geographic information system market is classified into hardware, software, and services. Among these, the software segment is predicted to hold the greatest market share through the forecast period. This is mainly because the adoption of advanced GIS software solutions is increasing, and these provide comprehensive tools for spatial data analysis, mapping, and visualization. Growing demand for location-based services, urban planning, and environmental monitoring has made GIS software a vital component in various sectors, including agriculture, transportation, and defense.
The mapping segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the function, the geographic information system market is divided into mapping, surveying, telematics & navigation, and location-based service. Among these, the mapping segment is anticipated to hold the greatest market share during the projected timeframe. This is largely led by the widespread usage of GIS technology in producing accurate geographic maps, which have several applications in industries like urban planning, agriculture, transportation, and environmental management. The rising demand for reliable, real-time mapping solutions for infrastructure development, disaster management, and resource allocation also adds to this trend.
North America is estimated to hold the largest geographic information system market share over the forecast period.
North America is estimated to hold the largest geographic information system market share over the forecast period. Advanced technology adoption is rising, the key players are present in the region, and they are active in development. For example, in May 2023, VertiGIS expanded its business into the utility sector in the U.S. and Canada. This will help in building solutions for water, gas, and electric utility network operators in visualizing, editing, and integrating their network data. Such developments in the market are expected to drive regional growth.
Asia-Pacific is predicted to have the fastest CAGR growth in the geographic information system market over the forecast period. The presence of developing economies such as India and China and the rise in urban development programs across the different countries will lead to the expansion of the market in the region. For example, in June 2021, Gurugram, India, declared that the geographic information system would be used by the Gurugram Metropolitan Development Authority to monitor the infrastructural development in the city.
Company Profiling
Major key players in the geographic information system market are Autodesk Inc., Bentley Systems, Incorporated, CARTO, Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc., SuperMap Software Co., Ltd., TOPCON CORPORATION, Trimble Inc., L3Harris Technologies, and Inc.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In July 2024, Ceinsys Tech Ltd. announced the expansion of its GIS services portfolio in the U.S. market with the asset purchase of Virtual Tours, LLC.
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the geographic information system market based on the below-mentioned segments:
Global Geographic Information System Market, By Offering
- Hardware
- Software
- Services
Global Geographic Information System Market, By Function
- Mapping
- Surveying
- Telematics & Navigation
- Location-Based Service
Global Geographic Information System Market, By Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa