Geographic Information System Market Research Report With Forecast Estimation 2030

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The global geographic information system (GIS) market value stood at $8,185.9 million in2020, and it is predicted to exhibit a CAGR of 11.6% from 2020 to 2030. According to theestimates of the market research company, P&S Intelligence, the market will reach a value of$24,607.7 million by 2030.The major factors fueling the expansion of the market are the surging investments being madein the GIS technology, abundant availability of cloud technology and spatial data, andburgeoning requirement for GIS solutions in the transportation sector. Geographically, theAsia-Pacific (APAC) region is predicted to be the fastest-growing region in the GIS market inthe coming years.This is ascribed to the growing urbanization rate and burgeoning need for geographicinformation systems in regional countries, such as India and China. Moreover, thegovernments of the regional countries have extensively used GIS solutions for variousmilitary applications in recent years in order to improve homeland security and infrastructure.The GIS market is highly consolidated in nature and the players are actively focusing onproduct launches and mergers and acquisitions in order to bolster their presence in theindustry.For example, Hexagon AB completed the acquisition of Immersal Oy, which is a provider ofvisual positioning and spatial mapping solutions which are used in augmented reality (AR)applications, in July 2021. With the help of this acquisition, the company started providingonsite deep insights, thereby improving the field of view with the aid of superimposed digitalinformation.Amongst these, the government sector held the largest share in the market in the past, as itextensively used GIS for several applications, such as information and data collection onnatural calamities, urban and rural planning, and community planning. Besides developednations, the governments of developing countries are also making huge investments in databasedand digital GIS technologies for rural and urban planning, optimal natural resourceusage, and public health improvement.Hence, the demand for GIS solutions will soar in the coming years, primarily because oftheir surging requirement in the transportation sector.This study covers Historical and the present size of the Geographic Information System (GIS) Market Major factors driving the market and their impact during the short, medium, and longterms Market restraints and their impact during the short, medium, and long terms Recent trends and evolving opportunities for the market participants Historical and the present size of the market segments and understand theircomparative future potential Potential of on-demand logistics services, so the market players make informeddecisions on the sales of their offerings
Competitive scenario of various market segments across key countries in severalregions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Recent strategic developments by the major players in the market©P&SIntelligence.Allrightsreserved 3
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Geographic Information System Market Research Report With Forecast Estimation 2030

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