Industry Background:
The intensive growth of digitalization coupled with networking has created major technological advancements in human-life such as geographic information systems (GIS). Moreover, the growing urbanization in addition to the surging adoption of GIS solutions in enterprise applications in emerging nations is the key factor boosting the demand for the global software geographic information system software market. This software help enterprises to identify problems that are related to usages of GIS to illuminate issues that are driven by geography. One of the main importance of this software is in military operations and government organizations. For example, the United States Department of Agriculture Risk Management Agency uses forensic remote sensing technology to check or examine various growing conditions of crop health with different fields. Thus with the growth of this market can also be attributed to the implantation of LIDAR (light detection and ranging) technology as well as the growing availability of spatial data and cloud technology. Inhibiting the total market growth.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Google (United States), Environmental Systems Research Institute, Inc. (Esri) (United States), Autodesk, Inc. (United States), Bentley System, Incorporated (United States), Hexagon AB (Sweden), Pitney Bowes Inc. (United States), Blue Marble Geographics (United States), Caliper Corporation (United States), General Electric Co. (United States), Oracle (United States), Harris Corporation (United States), Manifold Software Limited (Hong Kong), Computer Aided Development Corporation Limited (Cadcorp) (United Kingdom), Geosoft Inc. (Canada) and SuperMap Software Co., Ltd. (China) |
This growth is primarily driven by Increasing Demand of This GIS Software in the Transportation Industry and The cumulating need for this Software for Developing Urbanization Globally.
Globally, a noticeable market trend is evident Rising Trend of Making Smart Cities and Infrastructures
Major Players, such as Google (United States), Environmental Systems Research Institute, Inc. (Esri) (United States), Autodesk, Inc. (United States), Bentley System, Incorporated (United States), Hexagon AB (Sweden), Pitney Bowes Inc. (United States), Blue Marble Geographics (United States), Caliper Corporation (United States), General Electric Co. (United States), Oracle (United States), Harris Corporation (United States), Manifold Software Limited (Hong Kong), Computer Aided Development Corporation Limited (Cadcorp) (United Kingdom), Geosoft Inc. (Canada) and SuperMap Software Co., Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global GIS Software market is consolidated, with the top three companies accounting for around majority of the share in the market in 2018, and is characterized by the presence of companies such as the Environmental Systems Research Institute (Esri) Inc., Hexagon AB, Autodesk Inc., and many more. The many key players in the market are focusing on product launches in order to increase their consumer base. For example, in 2019, IQGeo Group plc launched a geospatial platform that takes a reality-centric approach, designed for infrastructure companies, providing real-time network view to the companies.
Key Developments in the Market:
On 15th October 2018, Bentley Systems Incorporated, the leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure has acquired Agency9, based in Stockholm. Agency9 has already provided nearly half of Sweden’s larger municipalities with city-scale digital twin cloud services for city planning and related web-based 3D visualization.
In May 2019, Esri launched ArcGIS Excalibur, a web application that enables discovery, search, and image exploitation for timely intelligence. ArcGIS Excalibur adds new value to imagery specialists as an intuitive application that helps to streamline structured observation management (SOM) workflows and helps to introduce users’ image exploitation and analysis
Influencing Trend:
Rising Trend of Making Smart Cities and Infrastructures, Integration of Geospatial Technology with Mainstream Technologies for Business Intelligence and The Widespread Adoption of Smart Technology and the IoT
Market Growth Drivers:
Increasing Demand of This GIS Software in the Transportation Industry and The cumulating need for this Software for Developing Urbanization Globally
Challenges:
Integration of GIS Technology with other Technologies and The Communication Gap Between Developers and End-Users
Restraints:
Regulations and Legal Issues and High Cost and Availability of Open-Source GIS Software
Opportunities:
The cumulating demand for cloud computing in GIS software is booming the opportunity in this market. In addition to that huge opportunities, owing to the adoption of advanced technologies such as AR, VR, and IoT coupled with the advent of technologies such as geospatial AI, and 4D GIS software are developing new pathways in the market to boom this industry.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in GIS Software Market
- Analysis about New Entrants in GIS Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, GIS Software Study Sheds Light on
The GIS Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the GIS Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where GIS Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.