KD Market Insights values GIS software market size at $7.86 billion by 2025

The report evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. It also analyzes the different segments along with major geographies that have more demand for Geographic Information System (GIS) software market.

KD Market Insights values GIS software market size at $7.86 billion by 2025
KD Market Insights values GIS software market size at $7.86 billion by 2025

KD Market Insights values GIS software market size at $7.86 billion by 2025

A fresh report titled Geographic Information System (GIS) software market has been presented by KD Market Insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market.

The report also analyzes the different segments along with major geographies that have more demand for Geographic Information System (GIS) software market. The competition analysis is also a major part of the report.

The global GIS software market size was valued at $3.24 billion in 2017, and is projected to reach $7.86 billion by 2025, growing at a CAGR of 11.8% from 2018 to 2025.

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A geographic information system (GIS) is a system developed to capture, store, manipulate, analyze, manage, and present all types of geographical data. GIS software contains additional tools compared to a relational database. It provides tools and functions to input and store spatial data or geographic data.

It facilitates users to perform geographic query, run analysis model and display geographic data in the map form. It enables quick access to relevant location-specific data for making informed business decisions, which is projected to boost the market growth.

Increase in adoption of GIS for facilities management, integration of GIS with mainstream technologies for business intelligence, growth in demand of GIS software for smart cities development, and urban planning are some of the major factors that drive the growth of the global GIS software market.

In addition, an increase in investment by the enterprises on GIS solutions and the adoption of GIS in the transportation sector is expected to fuel the growth of the market.

Conversely, the emerging trend of adopting cloud-based GIS and the growing application of AR and VR technologies in the geographic information system are expected to provide lucrative opportunities for the growth of the global market.

The global GIS software market is segmented based on component, type of GIS software, functions, end-user, and region. In terms of component, the market is bifurcated into software and services. By type of GIS software, the market is classified into desktop GIS, server GIS, developer GIS, mobile GIS, and others.

Based on function, it is fragmented into mapping, surveying, location-based services, navigation and telematics, and others. By end user segment, it is divided into defense, agriculture, oil & gas, construction, utilities, transportation & logistics, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global GIS software market is dominated by key players such as, ESRI, Autodesk, SuperMap, Trimble, Hexagon AB (Intergraph), General Electric Co., Pitney Bowes, Computer Aided Development Corporation Limited (Cadcorp), Bentley System, and Caliper.

KEY BENEFITS FOR STAKEHOLDERS

– The study presents an in-depth analysis of the market along with the current & future trends to elucidate imminent investment pockets.
– Information about key drivers, restraints, and opportunities and their impact analysis on the market is provided in this study.
– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
– The quantitative analysis of the market from 2017 to 2025 is provided to determine the market potential.