Lucintel Forecasts Geographic Information System Market to Grow at a CAGR of 11% to 13% from 2021 to 2026

According to the recent study the geographic information system market is projected to grow at a CAGR of 11% to 13% from 2021 to 2026. Growth in this market is primarily driven by rapid growth in urbanization, development of smart cities, and rising demand for growing investments in modern GIS solutions.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in geographic information system market by offering (hardware, software, and services), function (mapping, surveying, telematics and navigation, and location-based services), end use industry (agriculture, oil & gas, architecture, engineering, and construction, transportation, utilities, mining, government, healthcare, retail, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Software market is expected to remain the largest segment during the forecast period.”

Based on offering, the geographic information system market is segmented into hardware, software, and services. Lucintel forecasts that the software market is expected to remain the largest segment due to growing use of GIS in disaster management, transport management, and town and smart city development projects.

“Within the geographic information system market, the agriculture segment is expected to remain the largest end use industry.”

Based on end use industry the agriculture segment is expected to witness the highest growth over the forecast period due to growth in the agriculture industry that leads to the use of GIS in monitoring crop, soil, and livestock.

“Asia pacific will dominate the geographic information system market in near future.”

Asia Pacific is expected to witness the highest growth over the forecast period due to growth in urban and smart city development projects going on in many countries of this region, followed by other infrastructural developments in various developing nations.

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Major players of geographic information system market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Autodesk Inc., Bentley System, Inc., Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc., Topcon Corporation, Trimble Inc., Maxar Technologies Inc., and Caliper Corporation are among the major geographic information system providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/geographic-information-system-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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