Increasing adoption of GIS for facilities management, integration of GIS with mainstream technologies for business intelligence, and growing demand for GIS software for smart cities development as well as urban planning have fueled the growth of the global GIS Software Market
PORTLAND, Oregon, May 9, 2019 /PRNewswire/ --Allied Market Research published a report, titled, "Geographic Information System (GIS) Software Market by Component (Software and Services), Type of GIS Software (Desktop GIS, Server GIS, Developer GIS, Mobile GIS, and Others), Functions (Mapping, Surveying, Location-based Services, Navigation & Telematics, and Others), Organization Size (Small & Medium Sized Enterprises and Large Enterprises), and Industry Vertical (Defense, Agriculture, Oil & Gas, Construction, Utilities, Transportation & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2018–2025."The report provides an in-depth analysis of the key winning strategies, drivers & opportunities, market share, key segments, and competitive landscape. According to the report, the global GIS software market was valued at $3.24 billion in 2017 and is expected to hit $7.86 billion in 2025, registering a CAGR of 11.8% from 2018 to 2025.
Increase in adoption of GIS for facilities management, integration of GIS with mainstream technologies for business intelligence, rise in demand for GIS software for smart cities development, and urban planning have fueled the growth of the global GIS software Market. On the other hand, high cost and availability of open-source GIS software have hampered the growth to some extent. Nevertheless, adoption of advanced technologies such as AR, VR, and IoT for GIS, emerging technologies such as geospatial AI, and development of 4D GIS Software have created a number of opportunities in the market.
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The desktop GIS software segment to dominate till 2025
Based on the type of GIS software, the desktop GIS segment held the highest market share in 2017, contributing to nearly two-fifths of the total market. Being the most commonly used GIS solution, it has got all the basic functionalities of GIS, which in turn, has worked as the prime driving factor behind its growth. Simultaneously, the others segment is anticipated to grow at the highest CAGR of 13.8% during the forecast period. The report also offers insights on server GIS, developer GIS, and mobile GIS.
The transportation and logistics segment to maintain its leadership status throughout 2018–2025
Based on end-user, the transportation and logistics segment accounted for nearly one-fifth of the total market in 2017 and is anticipated to remain dominant by 2025. Increase in adoption of advanced technologies such as connected cars, advanced telematics, and navigation systems has spurred the growth. Simultaneously, the agriculture segment is projected to grow at the highest CAGR of 14.0% during the study period.
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North America to rule the roost
Based on region, North America contributed to more than one-third of the total market in 2017 and is expected to dominate throughout the forecast period. The factors contributing to the highest share of this market in the region include large amount of data generated everyday by multiple organizations and adoption of advanced technologies as well as digitalization.
Market players in the industry
The key market players analyzed in the report include Autodesk, SuperMap, Trimble, ESRI, Hexagon AB (Intergraph), Pitney Bowes, Caliper, Computer Aided Development Corporation Limited (Cadcorp), General Electric Co., and Bentley System. They have adopted several high-end strategies and have become successful in retaining their strong hold in the industry.
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North America was the highest revenue contributor to the global GIS in telecom sector market in 2016, accounting for around 58.17% share, owing to surge in need for LTE infrastructure upgradations and rise in investment on R&D on very high bandwidth for the 5G technology..
Europe dominated the global virtual router market size in 2017 and is expected to continue this trend during the forecast period due to increasing awareness about NFV and SDN benefits and cautious cost savings in the European region.
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