Overview:

The global geographic information system market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Geographic information systems gather, and analyzing data. While analyzing it covers the spatial location and provides layers of information that can be visualized using maps. ​The GIS system includes buildings, streets, vegetation, topography, etc.

Market Dynamics:

Increasing number of smart city projects and rising urbanization are key factors propelling demand for geographic information system, thereby driving the market growth globally. In addition, rising number of E-commerce startups and rising demand from transportation industry for tracking and location mapping are other factors further driving growth of the global geographic information system market.

However, regulatory concern related to data privacy is a key factor expected to hamper the market growth during the forecast period. Rising adoption of cloud computing, and drone use for commercial purpose will create lucrative opportunities for key players, thereby driving the growth of the target market during the forecast period.

Key Trends:

Rising strategic partnerships among key players and network operators are key trends observed in the market. For instance, in 2020, TomTom extended its mapping services with Verizon and will offer Maps API’s and SDK’s. This in turn expected to further fuel the geographic information system market growth during the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounted for significant share in terms of revenue in the geographic information system market. The market in Asia Pacific is expected to witness highest growth rate in terms of revenue during the forecast period, owing to rising adoption of digital services and increasing number of ecommerce start-ups in countries in the region. The market in Europe is expected to witness significant growth rate during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Geographic Information System Market, By Component:

• Hardware
• Software
• Services

Global Geographic Information System Market, By Function:

• Mapping
• Surveying
• Telematics and Navigation
• Location-based Services

Global Geographic Information System Market, By Vertical:

• Agriculture
• Oil & Gas
• Transportation
• Utilities
• Mining
• Government
• Healthcare
• Retail
• Others

Key Players Covered:

Key players operating in the global market includes, Autodesk Inc., AutoNavi Software Co., Ltd., Bentley Systems, Inc., CARTO, Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc., SuperMap Software Co., Ltd., Topcon Positioning Systems, and Trimble, Inc.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Geographic Information System Market by component, function, vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global geographic information system market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.