Geographic Information System Analytics Market Size, Share & Industry Analysis, By Component (Hardware, Software, Service) By Application (Telematics and Navigation, Mapping, Location based Service, Surveying, Others), By Industry (Government, Transportation and Logistics, Mining , Oil and Gas, Agriculture, Aerospace and Defense, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104933 | Status : Ongoing

KEY MARKET INSIGHTS

Geographic information system (GIS) analytics solutions are majorly adopted by agriculture, construction, mining, and government sectors. For instance- in March 2018, Granular Inc. has partnered with Space Exploration Technologies Corp to provide the solutions to agriculture sector in the U.S.

Government initiatives in infrastructure development and urbanization development have supported the market growth. The smart city projects, land and waste management, and other real-time location-based services have boosted the market growth. Growing investments in modern GIS solutions and increased access to spatial data and cloud technology are factors promoting the market growth.

Key Market Driver -

• Development in the urbanization, smart cities, town planning drives the market. • Increased demand for real-time location-based services is boosting the market growth.

Key Market Restraint -

• High set-up cost of the GIS system impedes the market growth

Key Players Covered:

Some of the key players in the geographic information system analytics market are Hexagon AB, Esri, GeoSpark Inc., Trimble Inc., Bentley Systems, Incorporated, SuperMap Software Co., Ltd., Pitney Bowes Inc., Topcon Corporation and others.

Esri has partnered with Open Systems International, Inc. in January 2020. This partnership will offer advanced GIS Capabilities and Real-time monitoring to water, electric, and gas utility customers. The customers will leverage both Open Sytems International Inc.’s operational technology platform and Esri’s ArcGIS Utility Network Management as part of GIS. The partnership will combine real-time monitoring of Esri and OSI’s automation to provide complete control and awareness of the network for utility supply chain holistic system on a larger scale.

In October 2019, Trimble Inc. acquired CityWorks (Azteca Systems, LLC) a provider of enterprise asset management software for governments and utilities. Azteca Systems, LLC leverages the power and flexibility of Geographic Information System (GIS) technology and business logic asset management, licensing, permitting, etc. for managing the public assets and infrastructure. This acquisition will expand Trimble Inc.’s infrastructure management and digital asset solutions.

The key players in this market have adopted the partnership and acquisition strategies to boost their market growth.

Regional Analysis

North America shows is expected to grow in this market. Rising partnerships among the companies and investments contributing towards growth of region’s geospatial industry are few reasons for the market growth. For instance - in March 2018, Granular, Inc. an agriculture sector based company has announced global partnership with Planet Labs Inc. an aerospace and data analytics company. This partnership will offer software solutions to farmers using the satellite imagery data. Additionally, in 2018 U.S. Air force has invested USD 130 million in Space Exploration Technologies Corp to launch the Air Force Space Command Satellite in 2020. In addition, the presence of majority of GIS solution providers strengthens the market growth.

Asia Pacific is anticipated to grow in GIS market. High infrastructure development due to smart city projects, and urban development programs have increased the adoption of GIS solutions by many architectures, engineering and construction (AEC) firms

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Segmentation

ATTRIBIUTE	DETAILS
By Component	Hardware Software Service Managed Service Integration and Maintenance Training and Consulting
By Application	Telematics and Navigation Mapping Location based Service Surveying Others
By Industry	Government Transportation and Logistics Mining Oil and Gas Agriculture Aerospace and Defense Others
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Scandinavia and Rest of Europe) Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific) Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa) Latin America (Brazil, Mexico and Rest of Latin America)

Key Industry Developments

April 2019 - SuperMap Software Co., Ltd., launched a new AI GIS software “SuperMap GIS 10i”. Thissoftware has leverages AI technology and also innovates New 3D GIS, Big Data GIS, cross platform GIS, cloud native GIS, cross platform GIS to establish “BITCC” to form GIS platform software.

October 2019 - Pitney Bowes Inc. introduced the latest version of MapInfo Pro version 17 with simplified user interfaces with robust geographic information system (GIS) software. It is designed to satisfy the needs of government and business analysts. MapInfo Pro version 17 has offered significant advances in support and engagement, analytics, productivity and user experience.

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SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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