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Global GIS Industry to 2026

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Dublin, Jul 29, 2021 (GLOBE NEWSWIRE) – The “GIS Market – Growth, Trends, Impact of COVID-19 and Forecast (2021 – 2026)” report has been added to ResearchAndMarkets.com an offer.

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The GIS market (hereinafter referred to as the studied market) is expected to register a compound annual growth rate of 10.8% during the forecast period 2021-2026. GIS powers millions of decisions on a daily basis all over the world, where GIS is used to locate unused stores, analyze crime patterns, guide in car navigation, forecast and predict the weather, etc.

The growing demand for location-based analytics among companies to improve operational efficiency and enhance decision-making is driving the market. In addition, the growing need to combine traditional data with spatial data to acquire valuable insights from location-based information may provide unused growth avenues for the GIS market over the forecast timeline.

The penetration of IoT platforms into business operations has generated real-time location data to deliver a highly pertinent and location-specific service to customers. Moreover, GIS integration with IoT devices provides correct data to users using geospatial data analysis. For example, a valve that supports the Internet of Things can be monitored from anywhere around the world using geospatial data.

The development of smart cities and urbanization, the integration of geospatial technology with the prevailing technologies of business intelligence, and the increasing investments in modern GIS solutions are some of the major factors driving the growth of the GIS market.

The growing need to forecast and identify natural disasters and minimize hurt is fueling the growth of the GIS market. Nowadays, GIS is being used to detect, understand and respond to the outbreak of the infectious disease coronavirus (COVID-19), using its capabilities, such as spatial analytics, mapping and location intelligence. Health officials and government agencies are mapping confirmed and active cases, deaths and recovery processes to determine where COVID-19 infections occur.

Major market trends

Developing emerging smart cities and urban planning to drive market growth

  • Smart cities are data-driven and based on real-time awareness sharing. Collecting data from thousands of IoT sensors and analyzing it by an organization, the GIS creates a data visualization on a map for immediate actionable insights. These insights can be used to track city service delivery and highlight areas where local council services need improvement.

  • Due to the Smart Cities Development Project, GIS solutions are implemented to create generalized location-enabled platforms for analyzing use cases in smart city environments. They include web-based GIS for automated natural hazard monitoring with SMS warning, climate monitoring, urban design, intelligent transportation systems, and SDI disaster management.

  • Specialists apply GIS in urban planning to analysis, modeling, and visualization. By processing geospatial data from satellite imaging, aerial photography and secluded sensing, users acquire a detailed perspective of the Earth and infrastructure. These benefits of GIS are the driving force for the growth of the GIS software market.

  • Increasing government applications in developing countries, such as China and India, are fueling the growth of GIS. For example, the Indian government’s initiative towards developing 100 smart cities across the country is expected to provide ample opportunities for the adoption of GIS solutions in urban planning, facilities management, and water and sanitation management.

Asia Pacific region records the highest growth in the market

  • One of the significant factors driving the market growth in the region is the increasing adoption of geo-information to expand the adoption of cloud geo-data analytics in utilities, defense, transportation, agriculture, construction, etc. The region also has the advantages of the base line of the efforts of the major players looking to increase their market share.

  • The growing demand for GIS solutions for government applications in developing countries, such as China and India, is driving the growth of the GIS market in the Asia Pacific region. The Government of India has recently launched the “Digital India” initiative, whereby the government, along with private sector companies, is expected to increase investment in improving internet connectivity and infrastructure for location-based services, across the country.

  • The Japanese GIS market is experiencing steady growth, due to the shrinking agricultural industry with rapid urbanization. XAG and Bayer Crop Science have signed a business agreement for drone application technology in Japan, to meet the challenge of reducing agricultural labor. Such initiatives are expected to drive market growth in the region.

  • Over the years, many GIS vendors have also created innovative products to suit the requirements of governments in developing countries. The country is also expected to develop GIS-based data for land records, land management and ownership details.

Competitive scene

The GIS market appears to be led by market leaders, such as Hexagon AB, Topcon Corporation, and Trimble Inc. and Autodesk Inc. and Environmental Systems Research Institute Inc. (ESRI) and Bentley Systems Inc. and Caliper Corporation and Pitney Bowes Inc. Major players are investing in research and development to continuously innovate their products. Some of the major developments in the market are:

  • In October 2019, Hexagon’s geospatial division, the world leader in location intelligence solutions, launched Power Portfolio 2020, the latest version of its flagship products in photogrammetry, secluded sensing, GIS, and mapping.

  • In March 2019, ESRI launched its R&D Center in New Delhi, India. The unused site may focus on data science, deep learning, and geospatial artificial intelligence (GeoAI) solutions, revolutionizing spatial analytics to overcome some of the world’s biggest challenges.

Reasons to purchase this report:

Main topics covered:

1 Introduction1.1 Study assumptions and market definition
1.2 Scope of the study

2 Research Methodology

3 Executive Summary

4 market dynamics4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.2.1 Suppliers’ Bargaining Power
4.2.2 Bargaining power of buyers
4.2.3 Threat of unused arrivals
4.2.4 Threat of Alternatives
4.2.5 Intensity of competitive rivalry
4.3 Market Drivers
4.3.1 The growing role of GIS in the smart city ecosystem
4.3.2 Integration of location-based mapping systems with business intelligence systems
4.4 Market Restrictions
4.4.1 Integration issues with traditional systems
4.4.2 Data quality and accuracy issues
4.5 Assessment of the impact of COVID-19 on the industry

5 Market segmentation5.1 Component
5.1.1 Hardware
5.1.2 Software
5.2 Functions
5.2.1 Mapping
5.2.2 Scan
5.2.3 Telematics and Navigation
5.2.4 Location-Based Services
5.3 Users
5.3.1 Agriculture
5.3.2 Utilities
5.3.3 Mining
5.3.4 Construction
5.3.5 Transportation
5.3.6 Oil and Gas
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Rest of the world

6 competitive landscapes6.1 Company Profiles
6.1.1 Trimble Inc.
6.1.2 Spatial works
6.1.3 Geosoft
6.1.4 ESRI
6.1.5 Caliper Company
6.1.6 Topcon GPS systems
6.1.7 Pitney Bowes Inc.
6.1.8 Hexagon AB
6.1.9 Bentley Systems
6.1.10 Autodesk Corporation

7 investment analysis

8 Market Opportunities and Future Trends

For more information on this report, visit https://www.researchandmarkets.com/r/55th6y

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Referensi: finance.yahoo.com

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