According to a new report published by Introspective Market Research, titled, “Geographic Information System Software by Type (On-premise, Cloud-based), Application (Individual, Enterprise, Others), and Region: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global Geographic Information System Software Market size was valued at $ 8.73 million in 2023, and is projected to reach $ 18.67 million by 2032, registering a CAGR of 27.29 % from 2024 to 2032. A Geographic Information System (GIS) is a digital platform designed to process, combine, and showcase data linked to specific geographical points. It offers a visual depiction of spatial analysis through maps. Geospatial technology plays a crucial role in obtaining, modifying, and organizing geographic data. This sector presents numerous prospects for startups and emerging players, allowing them to grow and diversify their operations.
A geographic information system (GIS) captures, stores, manipulates, analyzes, manages, and displays spatial or geographic data on a map. The GIS market includes software and hardware products. The software solutions include desktop GIS, server GIS, developer GIS, and others. Hardware includes GNSS/GPS antennas, LiDAR, GIS collectors, total stations, and imaging sensors. Major industries in this study include agriculture, oil & gas, architecture, engineering, & construction, mining, transportation, utilities, retail, healthcare, government, and others.
Smart city planning requires extensive geospatial data during both the planning and implementation phases to assess the available market potential data. In smart city development, utilizing GIS solutions for land use management is crucial for monitoring zoning and building occupancy information. GIS offers accurate, organized, and dependable data for smart city planning and management.
Furthermore, GIS integration with building information modeling (BIM) facilitates its use in constructing smart infrastructure and green buildings. Various applications of GIS in smart city development encompass smart urban planning, utilities, and public works. Spatial analytical tools within GIS play a vital role in making informed decisions for managing urban growth effectively in smart city development.
GIS technologies are increasingly utilized to incorporate not only spatial geographic data but also analyze and visualize space over time. 4D GIS data encompasses 2D data, 3D data, and temporal change data. Generating 4D data necessitates an integrated database with real-time monitoring capabilities. This type of GIS is employed to integrate, manage, and analyze spatial and nonspatial information sourced from various data outlets. 4D GIS is gaining traction in sectors requiring predictive analysis over time, such as infrastructure monitoring, which assesses potential vulnerabilities in infrastructure and their timing.
Global Geographic Information System Software Market, Segmentation
The Geographic Information System Software Market is segmented based on type, application, and region.
By Type:
The Cloud-based GIS sector has experienced swift expansion, fueled by factors like the widespread use of mobile devices, the demand for instant data access and collaboration, and the growing preference for Software-as-a-Service (SaaS) models. Moreover, cloud solutions offer benefits such as lower infrastructure expenses, simplified scalability, and improved accessibility, which appeal to organizations of varying sizes. On-premise GIS software remains relevant in specific industries and geographic areas, Cloud-based GIS solutions are progressively asserting dominance in the market due to their adaptability, scalability, and cost-efficiency.
Application:
The enterprise segment usually commands the GIS software market, the Individual and other segments are also notable players. Individual users, including researchers, academics, and enthusiasts, leverage GIS software for personal projects, academic research, or exploration endeavors. The Others segment encompasses government agencies, non-profits, and small to medium-sized enterprises utilizing GIS software for specialized projects or niche applications. The Enterprise segment typically leads the GIS software market due to widespread adoption across diverse industries. Nevertheless, the Individual and other segments make substantial contributions to the market, reflecting a varied landscape of user needs and applications.
Region:
The GIS market is experiencing rapid growth in the Asia Pacific region, fueled by extensive infrastructure projects in emerging economies like India and China, which are driving demand for industry-specific GIS solutions. China is poised to dominate the Asia Pacific GIS market, primarily due to its widespread adoption of GIS technologies in agriculture, construction, transportation, and utilities sectors. In India, government initiatives have spurred the use of GIS in urban planning, smart city development, and environmental monitoring. The anticipated surge in demand for GIS in this region during the forecast period will be further propelled by the adoption of GIS-integrated solutions such as BIM for construction planning.
Some of The Leading/Active Market Players Are-
- Google (US)
- Esri (US)
- Pitney Bowes (US)
- Golden Software (US)
- Caliper (US)
- Autodesk (US)
- Salesforce Maps (US)
- GB Group (UK)
- Zee Source (India)
- OSGeo (US) and Other Active Players
Key Industry Developments
- In August 2023, Valsoft Corporation Inc., an important Canadian firm known for purchasing and managing software-centric businesses, announced the purchase of GbBIS, formerly a branch of Intelligent Direct. This strategic decision represents Valsoft's entry into the GIS market.
- In April 2021, Idox plc (AIM: IDOX), a well-known provider of specialized information management software and solutions for the public and asset-intensive sectors, announced the acquisition of Emapsite.com Limited, a leading UK-based provider of geographic information systems data.
Key Findings of the Study
- The GIS software market is booming, set to grow from $8.73 million in 2023 to $18.67 million by 2032, with a 27.29% CAGR.
- Cloud-based GIS solutions are overtaking on-premise software due to benefits like scalability and cost-efficiency.
- Asia Pacific is witnessing rapid GIS market growth, driven by infrastructure projects and government initiatives in countries like India and China.
