According to our latest study on "Geographic Information System (GIS) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Component, Function. And End User,” the geographic information system (GIS) market size was valued at US$ 10.27 billion in 2023 and is expected to reach US$ 19.30 billion by 2031; it is estimated to record a CAGR of 8.2% from 2023 to 2031.
The geographic information system (GIS) market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC, respectively. The Europe geographic information system (GIS) market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In terms of revenue, UK dominated the geographic information system (GIS) market share. The UK construction sector is one of the largest markets worldwide. As per the data published by the government of the UK in 2023, the new construction output increased by 16% in 2022 to reach a record-high value of US$ 130 billion. In this new construction output, new residential construction dominated the total new construction output with a share of more than 42%. As per the government, the new orders increased by 11.4% to reach US$ 100 billion in 2022. Also, in 2023, the government invested heavily in public infrastructure. According to the Office for National Statistics in 2024, the infrastructure investments of the country increased to US$ 19 billion in 2023, a 3.9% growth from 2022. With such investments by the government and increased demand for residential construction, the demand for scaffoldings in the UK is expected to increase in the coming years. With increasing construction activities across the country have created massive demand for the geographic information system (GIS) market growth.
The rapid adoption of digital technologies for urban development, road infrastructure planning, and infrastructure project development has driven the geographic information system (GIS) market in Germany. Geographic information systems are used for a wide range of applications to create images of the landscape required in infrastructure development projects. For instance, as of October 2017, Germany's infrastructure projects investment crossed more than US$ 129 billion. The public and private sector investment accounted for ~US$ 111.1 billion. As of October 2017, more than 189 infrastructure projects are ongoing in Germany in all phases. These projects are expected to complete by 2027. Currently, in 2023 the largest airport projects in the Berlin Brandenburg Airport are valued at US$ 7 billion.
Key Findings of Geographic Information System (GIS) Market Study:
The geographic information system (GIS) market is segmented on the basis of component, function, and end user. Based on component, the market is segmented into hardware, software, and services. In terms of function, the geographic information system (GIS) market is categorized into mapping, surveying, telematics and navigation, and location-based services. Based on end user, the market is segmented into agriculture, oil and gas, construction, mining, transportation and logistics, energy and utilities, and others. By geography, the geographic information system (GIS) market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
The geographic information system (GIS) market is segmented by component into hardware, software, and services. The software segment held the largest geographic information system (GIS) market share. Geographic information system software was designed to retrieve, store, display, manage, and analyze all types of geographic spatial data. GIS software produces maps and other graphic displays using geographic information systems for analysis and presentation. Several major players in the market are developing advanced technologies such as AI, digital twin, and machine learning-based GIS software solutions to meet growing demand in the market. For instance, in February 2023, Esri launched new ArcGIS Reality digital twin software. This GIS platform offers reality mapping data to create digital twins of all scales, capturing and modeling in 3D. Esri is the global leader in GIS software and mapping, with its ArcGIS software serving as the GIS software worldwide. It implements advanced digital twins technology by utilizing imagery from crewed aircraft, UAVs, and satellites.
The hardware segment held significant market share in 2023, owing to the increasing demand for hardware solutions across several industries, including military, construction, energy, and utilities. For instance, Aegean Energy Group has used the geographic maps using geographic information system to improve the construction of alternative energy and related operations. The company extended its capability of mapping by offering geographic information system (GIS) tools to streamline the field. The company offers data collection and provides location-based analytics services. Aegean Energy adopted various GIS hardware for wind and solar energy to meet the challenging obstacles, such as civil, safety, and environmental issues.
Autodesk, Inc.; Topcon Positioning Systems, Inc.; Caliper Corporation; SuperMap Software Co., Ltd.; Hexagon AB; Hi-Target; Pitney Bowes Inc.; Maxar Technologies; AmigoCloud, Inc.; Trimble Inc.; Bentley Systems, Incorporated; Cadcorp Limited; Spatialworks Sdn Bhd.; Environmental Systems Research Institute, Inc.; Blue Marble Geographics; Abaco SpA; TomTom International BV; FARO Technologies, Inc.; L3Harris Technologies, Inc.; and Başarsoft Information Technologies Inc. are among the key players profiled in the geographic information system (GIS) market report. Several other major players were studied and analyzed during the geographic information system (GIS) market analysis to get a holistic view of the market and its ecosystem. The geographic information system (GIS) market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current geographic information system (GIS) market trends and their foreseeable impact during the forecast period.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com