Global GIS software market to reach $7.86 Billion by 2025, Claims Allied Market Research
Rise in adoption of GIS for management of facilities, integration of GIS and mainstream technologies for obtaining business intelligence, and increase in demand for GIS software for development of smart cities drive the growth of the global GIS software market. Based on region, North America accounted for more than one-third of the total market share in 2017, and is projected to maintain its leadership status throughout the forecast period.
Portland, OR, Oct. 28, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global GIS software market garnered $3.24 billion in 2017, and is estimated to reach $7.86 billion in 2025, growing at a CAGR of 11.8% from 2018 to 2025. The report offers a detailed analysis of top winning strategies, drivers & opportunities, major segments, and competitive scenario.
Rise in adoption of GIS for management of facilities, integration of GIS and mainstream technologies for obtaining business intelligence, and increase in demand for GIS software for development of smart cities drive the growth of the global GIS software market. However, high cost and availability of open-source GIS software restrain the market growth to some extent. On the other hand, adoption of advanced technologies including AR, VR, and IoT, advent of technologies such as geospatial AI, and 4D GIS software development created new pathways in the market.
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Based on type, the desktop GIS segment accounted for the highest market share in 2017, accounting for nearly two-fifths of the total market share. This segment being the most commonly utilized GIS solution, it is equipped with all the basic functionalities of GIS, which enabled it to become the crucial driving factor for its growth. On the other hand, the others segment is expected to register the highest CAGR of 13.8% during the forecast period. The report also provides analysis on developer GIS, server GIS, and mobile GIS.
Based on end-user, the transportation and logistics segment held for nearly one-fifth of the total share in 2017, and is expected to maintain its dominance by 2025. On the other hand, the agriculture segment is estimated to register the largest CAGR of 14.0% during the forecast period.
Based on region, North America accounted for more than one-third of the total market share in 2017, and is projected to maintain its leadership status throughout the forecast period. On the other hand, Asia-Pacific is estimated to grow at the highest growth rate with a CAGR of 14.44% from 2018 to 2025.
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The leading market players discussed in the research include,
- Autodesk
- Trimble
- SuperMap
- Hexagon AB (Intergraph)
- ESRI
- Caliper
- Pitney Bowes
- General Electric Co.
- Computer Aided Development Corporation Limited (Cadcorp)
- Bentley System.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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