Geographic Information System (GIS) Tools Market size was valued at $ 9.55 billion in 2023, and is projected to reach $ 18.38 billion by 2030, registering a CAGR of 9.9% from 2023 to 2030.
Tools for Geographic Information Systems (GIS) The industry is now offering a thorough study of numerous elements that are likely to contribute to economic growth as well as those that may be crucial in the expansion of the market throughout the forecast period. The Geographic Information System (GIS) Tools record Industry offers a comprehensive analysis based on pricing, production, and market revenue. The research also considers the specifics of earnings and sales related to the market and gives an outline of the segmentation based on geography.
The Geographic Information System (GIS) Tools Market has undergone a thorough investigation to identify the various uses for the product's attributes. The study includes an explanation of the various aspects of the industry that comprise data and market growth in relation to production, technical improvements, and income generated by the organization. In addition, the accounts have examined market risk elements such as inventions, market environment, economic constraints, and market problems.
To determine the present condition of market potential data, both during the planning stage and throughout plan execution, a substantial amount of geographic information is needed for smart city planning. In a smart city, GIS land use management systems would be necessary to monitor zoning and related building and occupancy data. For smart city planning and administration, GIS provides reliable, logical, and accurate data. Even though GIS easily integrates with building information modelling (BIM), its application in the creation of green buildings and intelligent infrastructure planning is growing. Smart public works, smart utilities, and smart urban planning are just a few of the industries that can benefit from the use of GIS in smart city development. Smart city building uses GIS spatial analytical tools to support effective decision-making on urban growth control. GIS is used by experts in urban planning for modelling, analysis, and visualization. The processing of geospatial data from remote sensors, aerial photography, and satellite imaging provides users with a comprehensive view of the land and infrastructure. The market for GIS software is expanding because to these advantages of GIS.
GIS technology is including an increasing amount of spatial geographic data, space analysis, and time-series display. 4D data includes time change as well as 3D and 2D GIS data. An integrated database with real-time monitoring is necessary for the generation of 4D data. Using 4D GIS, data obtained from many sources—both spatial and nonspatial—is managed, integrated, and evaluated. Fourier transform geographic information systems (GIS) are increasingly being used when projecting dimensions across time. For example, infrastructure monitoring requires knowledge about the location and timing of potential vulnerabilities in the infrastructure.
Global Geographic Information System (GIS) Tools Market, Segmentation
The Geographic Information System (GIS) Tools Market is segmented based on Component, Function, End-User and region.
Component:
the GIS software segment will control the majority of the GIS market, driving up the use of GIS in disaster management, transportation management, urban planning, and creative city development. Enterprise resource planning (ERP) and customer relationship management (CRM) have boosted the use of GIS in marketing and business intelligence. Additionally, the development of this market segment within the GIS industry is being driven by advances in artificial intelligence and cloud computing.
End-User
GIS is being used more often for transportation-related applications, such as route planning, traffic modelling, accident analysis, highway maintenance, and transportation planning. GIS facilitates transportation planners' mapping of transportation characteristics using a base map as well as the storing and analysis of geospatial data. GIS is very helpful for planning new roads, bridges, and railroad lines and for managing the transportation infrastructure. Because of the growing application of GIS in this field, companies are focusing on developing GIS solutions, especially for the transportation sector. Calliper Corporation (US) offers the GIS software TransCAD, which is designed especially for transportation-related applications such as traffic modelling and transportation planning.
Region:
The growing demand for geographic information system solutions for government applications in developing countries like China and India is driving the growth of the APAC geographic information system market. The Indian government has started the "Digital India" project, which calls for increased public and private sector investments in building up the country's internet connectivity and location-based services infrastructure. GIS technology is widely used in China's utilities, construction, transportation, and agriculture sectors, the country is expected to hold the greatest share of the Asia Pacific GIS market. The use of GIS in urban planning, smart city development, and environmental monitoring has been promoted by government programs in India.
Some of The Leading/Active Market Players Are-
- Environmental Systems Research Institute, Inc. (ESRI) (US)
- Pitney Bowes Inc. (US)
- Autodesk, Inc. (US)
- Trimble Inc. (US)
- Bentley Systems, Incorporated (US)
- General Electric Co. (US)
- Blue Marble Geographic’s (US)
- Maxar Technologies Inc. (US)
- Topcon Positioning Systems (US)
- Caliper Corporation (US) and Other Active Players
Key Industry Developments
- In October 2022, Bentley Systems partnered with Nearabl Inc., which is the metaverse of accessibility company. This partnership aimed to expand the use of infrastructure engineering technology within the global infrastructure construction, and design industries. The Bentley company is now an iTwin Premier Partner, and its Nearabl app has achieved the "Powered by iTwin" designation.
- In September 2022, Trimble launched the Trimble Ri, which is an innovative robotic total station. This has high flexibility and upgradeability makes high-end total station technology more accessible and sets a new scalability standard for use across the construction industry.
Key Findings of the Study
- The GIS Tools market is projected to grow at a CAGR of 9.8% from 2023 to 2030, reaching $18.38 billion by 2030.
- GIS software leads the market, driven by its versatility in disaster management, transportation planning, and urban development, bolstered by AI and cloud computing.
- The transportation sector is a key adopter, utilizing GIS for route planning, traffic modeling, and infrastructure management.
- APAC, particularly China and India, shows significant growth potential fueled by government initiatives like "Digital India" and investments in sectors such as utilities and transportation.
