The global market for GIS is estimated to have significant CAGR of around 13.1% during the forecast period. The growth of the GIS market is driven by factors, such as growing urbanization coupled with increasing integration of smart infrastructure across the globe. There is a growing demand for navigation, positioning, mapping, and modeling due to growing complexity of cities as conglomerates of enclosed spaces. According to the United Nations, 54% of the urban population lives in the urban area in 2017, and It is expected to be 66% by 2050 which will be more than 6 billion people. Further, cohesive government policies such as a push for smart cities and smart homes will create ample opportunity for the global market. These projects are aimed to improve standards of living, local development, and harnessing technology to create smart outcomes for citizens. One of the major sectors that GIS can find application is in smart cities projects in emerging economies such as connected buses and connected railways. The integration of AI in technology is also expected to provide significant growth to the market shortly. For instance, Google has transformed Maps from a tool to aid in finding out the destination to a destination itself
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The global GIS market is segmented based on product type, application and end-user. Based on the product type, the market is further classified into hardware and software & services. The hardware for GIS include imaging sensors, LiDAR, GIS collectors and antennas. Moreover, the software & services segment is projected to grow significantly during the forecast period. The market growth is mainly driven due to the growing application of GIS software and services in retail and transportation sector. Based on the application, the global GIS market is further segmented into telematics and navigation, surveying, mapping, and others. On the basis of end-user the market is further classified into transportation & logistics, oil & gas, agriculture, energy & utilities, mining, construction, and others.
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Global GIS Market Segmentation
By Product Type
- Hardware
- Software & Services
- Global GIS Market by Application
- Telematics and Navigation
- Surveying
- Mapping
- Others (Location-Based Services)
By End-User
- Transportation & logistics
- Oil & Gas
- Agriculture
- Energy & Utilities
- Mining
- Construction
- Others (Healthcare and Retail)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
