According to the report, global revenue for Geographic Information Systems was valued at $ 2.2 Billion in 2017, and is expected to generate revenue of $ 3.4 Billion by end of 2025, growing at a CAGR of slightly above 5.60 % between 2017 and 2025.
Key vendors analysed in this market research are
· Environmental Systems Research Institute
· Pitney Bowes
· Bentley System
· Zondy Crber
At present, market is very concentrated. Top 3 manufacturers in the market are ESRI, Hexagon and Pitney Bowes.
Geographic Information Systems Market, by Region
· United States
· Southeast Asia
· Rest of World
In this study, the consumption region of Geographic Information Systems divided into seven geographic regions: In United States, total Geographic Information Systems accounted for 30.68%. Followed by Europe and China.
Growth Drivers: Geographic Information Systems
The global geographic information system (GIS) market is driven by increasing demand for geographically correlated information, globally. In the developed countries of North America and Western Europe, the GIS market has witnessed significant growth post economic slowdown. The APAC region is expected to be the fastest-growing region for the geographic information system (GIS) market. The use of GIS for transportation planning, highway and roadway management, forestry management, and precision farming is driving the growth of the market in this region. With the increasing infrastructural growth in various countries in APAC, GIS is expected to be implemented in smart city planning and urban development programs. China is investing heavily in infrastructure development and urban area planning. With the emerging urban sector in India, there has been a huge demand for geospatial technologies that support various types of urban development projects.
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