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NEW YORK, May 25, 2022 /PRNewswire/ — The global GIS market size is expected to increase by USD 9.76 billion between 2020 and 2025. The market observed a YOY growth of 15.33% in 2021 and the growth momentum is expected to accelerate at a CAGR of 16.15% during the forecast period. North America will observe significant growth over the forecast period. The expansion of the healthcare market in the region is creating significant demand for high-level analytics, which is driving the growth of the regional market.
Download a Sample Report for additional highlights on the market size, growth momentum, and YOY growth rates.
The global GIS market is fragmented and is dominated by a few well-established players. During the forecast period, the market will witness the entry of several new players, which will intensify the level of competition among the existing players.
The integration of BIM and GIS has been instrumental in driving the growth of the market. However, the lack of planning leading to the implementation failure of GIS solutions might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Alphabet Inc., Autodesk Inc., Bentley Systems Inc., Caliper Corp., Computer Aided Development Corp. Ltd., Environmental Systems Research Institute Inc., HERE Global BV, Hexagon AB, Maxar Technologies Inc., and Pitney Bowes Inc. are identified as some of the major market participants.
For more insights into the vendor landscape, Read Our Sample Report.
GIS Market 2021-2025: Segmentation
The global GIS market is segmented as below:
By product, the software segment will generate the maximum revenue in the market during the forecast period. The rising demand for GIS software from the telecommunications, retail, and transportation sectors in the developing economies is driving the growth of the segment.
About 37% of the overall growth will originate from the North American region. The high adoption of advanced technologies by enterprises in the region is creating significant growth opportunities for market players. In addition, the presence of a well-developed and technologically mature industrial sector is supporting the growth of the regional market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The GIS market report covers the following areas:
GIS Market 2021-2025: Key Highlights
Related Reports
GIS Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.15% |
Market growth 2021-2025 |
USD 9.76 billion |
Market structure |
Fragmented |
YoY growth (%) |
15.33 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 37% |
Key consumer countries |
US, China, Canada, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alphabet Inc., Autodesk Inc., Bentley Systems Inc., Caliper Corp., Computer Aided Development Corp. Ltd., Environmental Systems Research Institute Inc., HERE Global BV, Hexagon AB, Maxar Technologies Inc., and Pitney Bowes Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
SOURCE Technavio
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