Geographic Information System (GIS) Software Market Insights, Forecast to 2031 | Global Market Size, Share, Growth, Trends | Key Players, Recent Developments, Type and Application, Market Dynamics, Expansion Plans, Revenue, Research Report

Kenneth Research, in its repository of market research reports, have recently added a report on Geographic Information System (GIS) Software Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Geographic Information System (GIS) Software Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Geographic Information System (GIS) Software Market products.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Geographic Information System (GIS) Software Market is valued approximately USD 7.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.4% over the forecast period 2020-2026. A geographic information system (GIS) software is primarily intended to store, manage, retrieve, analyze and display all types of geographic and spatial data. GIS sometimes also referred as geographic information science (GIScience), the science of core geographic concepts, systems, and applications. It organizes layers of spatial location information into visualizations using maps and 3D scenes. With this unique capability, GIS software offers deeper perceptions into data, such as patterns, relationships, and situations – helping users to make quicker decisions.  GIS software stores information with the help of spatial indices, making it possible to analyze the features located in any random region of a map.

For example, a GIS software can rapidly identify and map all of the sites within a particular radius of a point, or all of the roads that operate through a territory. Development of smart cities and urbanization, rising adoption of GIS solutions in transportation sector, and the integration of geospatial technology with mainstream technologies for business intelligence are the few factors responsible for high CAGR of the market over the forecast period. According to the United Nations Department of Economic and Social Affairs in 2018, it is estimated that 55% of the total world’s population lives in urban area and it expected to rise to 68% by 2050. Also, it is projected the most urbanized region include North America, Latin America and the Caribbean, Europe and Oceanic.

The level of urbanization in Asia is approximately 50%. This, in turn, is expected to strengthen the demand for geographic information system (GIS) software. Amidst the COVID-19 crisis, the communication services industry is poised for sustainable growth despite the foreseeable economic turbulence. GIS software have a prominent role in detecting, responding and understanding to COVID-19 outbreak patterns in real-time to detect at-risk populations and plan aim for intervention like increase healthcare capacities. Therefore, this factor will boost the market growth during the forecast period. However, high capital investment in database development and data security & privacy concern are some other factor limiting the market growth over the forecast period of 2020-2026.

The regional analysis of global Geographic Information System (GIS) Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to early adoption of geospatial technologies, increasing usage of location-based services in multiple areas such as transportation, construction, etc., and surging utilization of mobile devices in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the growing smart city projects and rapid urbanization in the countries such as China and India.

Major market player included in this report are:
Autodesk, Inc.
Esri
Trimble Inc.
Pitney Bowes
Hexagon AB
Topcon Corporation
Maxar Technologies
Caliper Corporation
Bentley Systems, Inc.
TomTom N.V.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:
Hardware
Software
Services

By Function:
Mapping
Surveying
Telematics and Navigation
Location-Based Services

By End-User:
Agriculture
Biologics
Architecture, Engineering, and Construction
Transportation
Healthcare
Retail
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Geographic Information System (GIS) Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

TABLE OF CONTENTS

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Geographic Information System (GIS) Software Market, by Region, 2018-2026 (USD Billion)
1.2.2. Geographic Information System (GIS) Software Market, by Offering, 2018-2026 (USD Billion)
1.2.3. Geographic Information System (GIS) Software Market, by Function, 2018-2026 (USD Billion)
1.2.4. Geographic Information System (GIS) Software Market, by End-User, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Geographic Information System (GIS) Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Geographic Information System (GIS) Software Market Dynamics
3.1. Geographic Information System (GIS) Software Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Geographic Information System (GIS) Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Geographic Information System (GIS) Software Market, by Offering
5.1. Market Snapshot
5.2. Global Geographic Information System (GIS) Software Market by Offering, Performance – Potential Analysis
5.3. Global Geographic Information System (GIS) Software Market Estimates & Forecasts by Offering 2016-2026 (USD Billion)
5.4. Geographic Information System (GIS) Software Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Services
Chapter 6. Global Geographic Information System (GIS) Software Market, by Function
6.1. Market Snapshot
6.2. Global Geographic Information System (GIS) Software Market by Function, Performance – Potential Analysis
6.3. Global Geographic Information System (GIS) Software Market Estimates & Forecasts by Function 2016-2026 (USD Billion)
6.4. Geographic Information System (GIS) Software Market, Sub Segment Analysis
6.4.1. Mapping
6.4.2. Surveying
6.4.3. Telematics and Navigation
6.4.4. Location-Based Services

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