Geographic Information System Market

February 13, 2020
595
Chemicals and Materials

New York City, NY, 13 February, 2020/ 24 Market Reports: It is estimated for the geographic information system market to grow from USD 8.3 billion and reach that of USD 14.8 billion by 2025 witnessing the growth at a CAGR of 12.3% during the forecast period of 2020 to 2025. Development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, growing investment in modern GIS solutions and increasing accessibility of spatial data and cloud technology are some of the major factors that are influencing the growth of the market during the forecast period.

GIS software market to witness the growth at a significant rate during the forecast period

Owing to the increasing use of GIS in urban planning, disaster management, transport management and smart city development, the GIS software market is expected to grow at a significant rate during the forecast period. Integration of GIS with customer relationship management (CRM) and enterprise resource planning (ERP) has increased the use of GIS for business intelligence and marketing. GIS analytics software is expected to have great potential to expand the GIS market for software during the forecast period owing to the advent of cloud computing artificial intelligence.

GIS for the agriculture industry to witness the growth at the highest CAGR in the market during the forecast period

During the forecast period, it is estimated for GIS for the agriculture industry to grow at the highest CAGR in the market. By enabling better management of land resources, GIS can help farmers to achieve increased productivity and reduced costs. With the help of GIS, there will be a reduction in the risk of marginalization and vulnerability of small and marginal farmers globally. Also, for livestock monitoring, crop management, and the monitoring and management of soil and the irrigation of farmlands there is a considerable demand for GIS in the agriculture industry. The growth of the global agriculture sector, coupled with the increasing penetration of technology in the field are the factors that are expected to drive the growth of the market during the forecast period.

APAC region to witness the growth at the fastest rate throughout the forecast period

By geography, it is estimated for the APAC region to be the fastest-growing region in the GIS market. Increasing infrastructural development in the various parts of the region with the aim of smart city planning and urban development programs are driving the growth of the market in the region. With various developments projects going on in the countries such as India, Japan and China the market for GIS is expected to witness significant growth in the region during the forecast period.

The following are the major objectives of the study:

To define, describe, and forecast the geographic information system market on the basis of product, application and region.
To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the geographic information system market.

Critical Questions which the report answers:

What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
What are the key revenue generating pockets for geographic information system market and their future potential during next decade?
How competitive landscape is evolving in geographic information system market?