Global Geographic Information System (GIS) Market is predicted to show a compelling growth with a CAGR of 9.04% in terms of revenue during the forecasting period 2019-2027.



The rise in the adoption of GIS, increasing demand for spatial data, and the rise in smart cities drive the geographic information system (GIS) market. A geographic information system helps to capture, manipulate, analyze, store, manage, and present all types of geographical data. It also allows quick access to relevant location-specific data to make business decisions, which boost the market growth.



However, the successful implementation of GIS requires a substantial commitment to organizational money, staff, and effort. The cost associated with the GIS is high and immediate, which hampers the growth of the market. Moreover, the legal issues concerned with the storage of spatial data and the incorporation of GIS in business intelligence are some of the challenges faced by the GIS market. However, the market has a huge opportunity to use GIS in disaster management as the demand for GIS in the natural resources sector has been increasing significantly.



REGIONAL OUTLOOK



The global geographic information system (GIS) market report covers the regions of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.



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North America is predicted to dominate the overall GIS market in terms of revenue during the forecasted years, holding the largest market share. The region is one of the early adopters of GIS. The growth in enterprise mobility and an increase in the adoption of GPS and location-based services have been contributing to the growth of the GIS market. Along with that, various initiatives taken by the governments are boosting the market growth. For instance, the Government of Canada has launched the Canada Action Plan, which enables the sharing of government information openly with the public. The government has also launched a new online platform known as the Federal Geospatial Platform, where the citizen can access the government’s geospatial information.



COMPETITIVE OUTLOOK



Hexagon AB, ESRI, Autodesk Inc., Bentley Systems Inc., General Electric Company, Pitney Bowes Inc., Trimble Inc., Macdonald, Dettwiler and Associates Corporation (MDA), Caliper Corporation, Computer Aided Development Corporation Ltd., Supermap Software Co., Ltd., Hi-Target Surveying Instrument Co. Ltd., Takor Group, Atkins Plc, and Fugro NV are the leading companies in the geographic information system (GIS) market.



Environmental Systems Research Institute, Inc. (ESRI) is a service and software development company that deals in providing geographic information systems (GIS) software and geo database management applications. The company also offers a variety of Arc (GIS) software products, which operate on the server, desktop, mobile, and online platforms. It operates across the world, which includes countries from Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.



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