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Geographic Information System (GIS) Market Size

Report ID: GMI2268
Published Date: Sep 2018
Report Format: PDF

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Geographic Information System Market Size

GIS market size was estimated at over USD 4 billion in 2017, growing at a CAGR of over 12% between 2018 to 2024.

Geographic Information System (GIS) Market

A geographic information system (gis) represents a computer framework for capturing, storing and analyzing geographic and spatial data. GIS can be used for mapping, telematics and other applications. GIS market share will expand with a robust demand from telecom sector.

Geographic Information System Market Report Attributes
Report Attribute	Details
Base Year:	2017
Geographic Information System Market Size in 2017:	4 Billion (USD)
Forecast Period:	2018 to 2024
Forecast Period 2018 to 2024 CAGR:	12%
2024 Value Projection:	9 Billion (USD)
Historical Data for:	2013 to 2017
No. of Pages:	240
Tables, Charts & Figures:	239
Segments covered:	Component, End Use and Region
Growth Drivers:	Integration of location-based mapping systems with business intelligence systems Increasing adoption of GIS for facilities management Growing role of GIS in smart cities ecosystem Increasing penetration of cloud-based GIS Platforms Growing uptake of GIS technology in disaster management applications
Pitfalls & Challenges:	Data quality and accuracy issues High initial investment Integration issues with traditional systems

What are the growth opportunities in this market?

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The GIS market is projected to exhibit a lucrative growth between 2018 and 2024 due to the increasing demand of location-based analytics among the businesses to improve operational efficiency and enhance the decision-making process. The growing need to integrate conventional data with the spatial data to obtain valuable insights from location-based information will offer new growth avenues for the geographic information system market over the forecast timeline. The penetration of the IoT platforms in business operations has fueled the generation of real-time location data for offering highly relevant and location-specific service to the customers. Another factor contributing to the market growth is the government-led initiatives towards the growth and development of the smart cities which will lead to an increase in demand for GIS technology for enabling a highly connected urban infrastructure. For instance, in January 2017, the central government in India announced its plans to utilize geospatial technologies for smart cities project. To realize its vision to build 100 smart cities across the country, the Indian government is aiming to use geospatial technology which enables effective and integrated planning through the use of real-time location data analytics.

Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of geographic information system (GIS) was crossed USD 4 billion in 2017.

The industry share of geographic information system (GIS) is growing at a CAGR of over 12% between 2018 to 2024.

GIS enables business enterprises to improve decision making and boost operational efficiency, leading to their increased adoption.

The mobile GIS software segment is set to register a CAGR of over 18% through 2024 as it offers the users an easy way of acquiring and uploading GIS data to the online visualization tools such as Google Earth.

According to the analysts at GMI, the telematics and navigation application segment are expected to exhibit a growth rate of over 17% during the forecast timeline.

The North America market dominates over 40% market share due to increasing government-led initiatives contributing towards the growth and development of the region’s geospatial industry.