Geographic Information System Analytics Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Market Growth and Forecasts for 2021-2025
The geographic information system analytics market and it is expected to grow by $ 13.21 mn, accelerating at a CAGR of almost 15.44% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Geographic Information System Analytics Market: Market Segments and Key Trends
The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by End-user (Retail and real estate, Government and utilities, Telecom, Manufacturing and automotive, and Others) and Geography (North America, Europe, APAC, MEA, and South America). 41% of the market growth will originate from North America during the forecast period. However, need for heavy investments for setting up gis stations and accessing data sources is one of the challenges that will need to be overcome to drive growth.
Geographic Information System Analytics Market: Top Drivers to Boost Demand
One of the primary factors that will drive market growth is the need for efficient land management. The geographic information system analytics market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
Geographic Information System Analytics Market: Vendor Analysis
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bentley Systems Inc., Environmental Systems Research Institute Inc., General Electric Co., Hexagon AB, Hi-target Navigation Tech Co. Ltd., International Business Machines Corp., Pitney Bowes Inc., TIBCO Software Inc., Topcon Positioning Systems Inc., and Trimble Inc. are some of the major market participants.
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Geographic Information System Analytics Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs: