Size, Share, Trends, Reach, Demand, and Opportunity – Fastbreak Daily
According to the latest report by IMARC Group titled “Geographic Information Systems (GIS) Market: Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026”, the Global Geographic Information Systems Market (SIG) reached a value of US $ 8.9. Billion in 2020. Looking ahead, the market is expected to show strong growth during 2021-2026.
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Geographic Information System (GIS) refers to a computer system that creates a conceptualized framework for analyzing data from a geographic location. It maps and organizes the result layers and models the information in visualization. An integrated GIS system consists of five components, namely software, people, hardware, data and methods. This system is widely applied in various industries, such as planning, engineering, management, insurance, transportation, business and telecommunications.
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The growth of the global GIS market can mainly be attributed to the increasing use of the system in disaster management, smart city development, city planning and transportation management. In addition, the increasing integration of cloud computing and artificial intelligence (AI) with GIS analysis is contributing to the growth of the market. Additionally, rapid advancements in GIS technologies such as location-based data services and geo-analysis are some of the other factors that are supporting the growth of the market. Another factor driving the growth of the market across the globe is the ease of access to cloud technology and spatial data.
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List of Key Companies Covered By This Market Report:
- Autodesk Inc.
- Bentley Systems Incorporated
- Stirrup company
- Computer Aided Development Company Limited (Cadcorp)
- Environmental Systems Research Institute Inc.
- General Electricity Company
- Geosoft Inc. (Seequent Ltd.)
- Hexagon AB
- Maxar Technologies Inc.
- SuperMap Software Co. Ltd.
- Topcon Corporation
- Trimble Inc.
The report has segmented the market on the basis of component, function, device, end-use industry, and geography.
Breakdown by component:
Breakdown by function:
- Telematics and navigation
- Location based services
Breakdown by device:
Breakdown by end-use sector:
- Oil and gas
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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