GIS market to grow by 15.66% Y-O-Y from 2022 to 2023: Rising applications of GIS

NEW YORK, Feb. 1, 2023 /PRNewswire/ — GIS market insights –

• Vendors: 15+, Including Alphabet Inc., AmigoCloud Inc., Autodesk Inc., Bentley Systems Inc., Caliper Corp., Computer Aided Development Corp. Ltd., Esri, General Electric Co., Hexagon AB, Hi-Target, Mapbox Inc., Maxar Technologies Inc., Pitney Bowes Inc., Rolta India Ltd., Scan point Geomatics Ltd., Takor Group Ltd., TomTom International BV, Topcon Corp., Trimble Inc., and UrtheCast Corp. among others

• Coverage: key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

• Segments: Product (software, data, and services), deployment (on-premises and cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa)

To understand more about the information services market, request a sample report.

In 2017, the GIS market was valued at USD 7,332.84 million. From a regional perspective, North America held the largest market share, valued at USD 2,801.11 million. The GIS market size is estimated to grow by USD 13,429.94 million from 2022 to 2027 at a CAGR of 16.42% according to Technavio.

Gis market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria

• Adoption rates

• Adoption lifecycle

• Drivers of price sensitivity

• For highlights on customer landscape analysis, download a sample!

Global Gis market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –

• Alphabet Inc: The company offers GIS services such as Google Earth Desktop under the subsidiary Google LLC.

• Bentley Systems Inc: The company offers GIS products for utilities and communications networks.

• Caliper Corp: The company offers GIS services such as tools, maps, and demographic data.

Story continues

Global GIS market – Market dynamics

Major drivers –

• Integration of BIM and GIS

• Rising applications of GIS solutions in disaster management

• Increasing adoption of GIS solutions in healthcare, insurance and other sectors

KEY challenges – 

• Lack of planning leads to implementation failure of GIS solutions

• Open-source GIS software makes the market more competitive

• Data privacy and security concerns

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The gis market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this GIS market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the GIS market between 2023 and 2027

• Precise estimation of the size of the GIS market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the GIS market across North America, Europe, APAC, South America, and the Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of GIS market vendors

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Deployment

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio