In a recent published report, Kenneth Research has updated the market report for Geographic Information System (GIS) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions 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) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest 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) Market products.
Kenneth Research has published a detailed report on Geographic Information System (GIS) Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
Global Geographic Information System (GIS) Market
By Function (Telematics and Navigation, Location-Based, Services Mapping, Surveying), Component (Software, Hardware), End User (Utilities, Mining, Oil & Gas, Agriculture, Construction, Transportation), and Regional Market Size, Status and Forecast to 2025
The Global Geographic Information System (GIS) Market was valued at USD 5.43 billion in 2016 and is projected to reach USD 13.18 billion by 2025, growing at a CAGR of 10.35% from 2017 to 2025.
A geographic information system (GIS) is a system designed to capture, store, manipulate, analyze, manage, and present spatial or geographic data. Uses of GIS range from indigenous people, communities, research institutions, environmental scientists, health organizations, land use planners, businesses, and government agencies at all levels. Benefits of GIS includes – cost savings from greater efficiency, better decision making, improved communication, better record keeping, management of natural resources, instantaneous collaboration through the cloud, and improved allocation of resources and planning.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Adoption of cloud computing in GIS
1.2 Development of 4D GIS software
1.3 Increasing adoption of GIS solutions in the transportation sector
1.4 Incorporation of geospatial technology with mainstream technologies for business intelligence
1.5 Development of Smart Cities and Urbanization
2. Market Restraints
2.1 Integration of GIS technology with other technologies
2.2 High cost
2.3 Issues with regulations
The Global Geographic Information System (GIS) Market is segmented on the function, component, end user, and region.
1.1 Telematics and Navigation
1.3 Services Mapping
2. By Component:
2.2.1 GNSS/GPS Antennas
2.2.2 Imaging Sensors
2.2.3 GIS Collectors
2.2.4 Total Stations
3. By End User:
3.3 Oil & Gas
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Pitney Bowes Inc.
2. Autodesk, Inc.
3. Trimble Inc.
4. Topcon Corporation
5. Hexagon AB
6. Caliper Corporation
7. Computer Aided Development Corporation Limited (Cadcorp)
8. Hi-Target Surveying Instrument Co., Ltd
9. General Electric Co.
10. Macdonald, Dettwiler and Associates Ltd.
11. Bentley Systems, Incorporated
12. Environmental Systems Research Institute, Inc. (ESRI)
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Geographic Information System (GIS) Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
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