Latest News- GIS Market: Software is expected to lead the Product segment during 2025-2029

The GIS Market is being driven by Integration of BIM and GIS

The GIS Market is expected to grow at a CAGR of 20.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 24070.6 million. GIS technology plays a pivotal role in the effective management of soil and water resources for agricultural and conservation applications. Notably, the Kerala Water Authority in India employed GIS solutions in 2015 for managing water loss. Big Raster and IBM's analytic tools were utilized to map water resources, create agricultural water rights, and track water rights transactions. This initiative is projected to result in a 100% success rate in ensuring equitable water distribution during the forecast period. IBM's big data and analytics division is planning to expand its offerings by developing advanced GIS solutions for water supply management across India. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Software
  • Data
  • Services
• Type
  • Telematics and navigation
  • Mapping
  • Surveying
  • Location-based services
• Device
  • Desktop
  • Mobile
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Integration of BIM and GIS
• Rising applications of GIS solutions in disaster management
• Increasing adoption of GIS solutions in healthcare, insurance, and other sectors

However, the market also witnesses some limitations, which are as follows:

• Lack of planning leading to implementation failure of GIS solutions
• Open-source GIS software making market more competitive
• Data privacy and security concerns

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Market Scope in GIS Market Research Report

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Research Analysis Overview

Geographic Information Systems (GIS), a key component of geospatial technology, offer software solutions and hardware for smart city planning, transportation sector, urbanization, and population management. GIS applications span various industries, including architecture and construction (BIM, 4D GIS software), utilities, oil and gas, agriculture, and natural disasters. Advanced tools like LIDAR, GNSS/GPS antenna, and augmented reality platforms enhance GIS capabilities. Cloud technology and mobile devices facilitate accessibility. Use cases include transportation, green buildings, precision farming, soil mapping, and crop yield evaluation. GIS collectors and 3D modeling technologies cater to industries like architecture and construction, while GIS solutions for urbanization aid in managing population growth and infrastructure development. Natural disasters, oil and gas exploration, and precision farming are other significant applications. GIS technology is also used in unconventional areas like video games and augmented reality platforms, expanding its reach and utility.

Market Research Overview

The Geographic Information System (GIS) market is a significant segment of the global IT application software industry. This sector encompasses companies specializing in Geospatial technology, providing hardware and software solutions for smart city planning, transportation, and green building projects. These businesses develop and produce specialized applications, such as GIS and transportation management systems, to cater to the unique requirements of various industries. The market size is determined by the consolidated revenue generated by these entities, including those offering cloud-based GIS solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/