Geographic Information System Revenue to Attain USD 22.64 Bn by 2033

28 Oct 2024

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Table of Content

1. Geographic Information System Revenue and Trends 2. Market Overview 3. Report Highlights of the Geographic Information System Market 4. Geographic Information System Market Trends 5. Geographic Information System Market Coverage 6. Regional Analysis 7. Market News

Geographic Information System Revenue and Trends

The global geographic information system market revenue surpassed USD 10.68 billion in 2024 and is predicted to attain around USD 22.64 billion by 2033, growing at a CAGR of 8.71% during forecast period. The demand for smart city projects is increasing, which is the key factor driving market growth.

Market Overview

A Geographic Information System (GIS) is a computer-generated system for collecting, analyzing, managing, storing, and visualizing geographic data. GIS offers a wide range of applications in various sectors, such as in urban planning it aids in land use management reducing the adverse impacts on the environment while impelling growth. It also combines software, technology, and data to guide users in understanding geographical correlations.

Report Highlights of the Geographic Information System Market

• By component, the services segment led the market in 2023 and is anticipated to grow at the fastest rate over the forecast period. Owning to the rising adoption of geographic information systems.
• By usage, the navigation segment dominated the geographic information system market in 2023. The dominance of the segment can be attributed to the various advantages offered by GIS systems in visualizing routes and assessing patterns.
• By usage, the surveying segment is anticipated to grow at the fastest rate during the forecast period. The growth of the segment can be linked to the use of GIS systems to conduct spatial analysis and integrate systems.
• By devices, in 2023, the desktop segment dominated the market by holding the largest market share. This is because desktop applications enable users to use innovative tools for data analysis.
• By devices, the mobile segment is anticipated to grow at the fastest rate over the projected period. This is due to the development of advanced mobile applications and features.
• By vertical, the utilities segment led the geographic information system market in 2023. The dominance of the segment is driven by the increasing urbanization across the globe.
• By vertical, the construction segment is estimated to grow at the fastest rate over the studied period. The growth of the segment can be linked to the increasing development of road infrastructures.

Geographic Information System Market Trends

Development of smart cities and modern urban planning

The process of site selection, along with the land acquisition, planning, and designing, are all aided by GIS software smart cities. Geographic information system (GIS) solutions are utilized in city planning by experts to process, model, and visualize places. Furthermore, satellite imaging and aerial photography tools provide a combined perspective of the infrastructure and land.

Integration of the Internet of Things (IoT)

Combining the Internet of Things (IoT) with a GIS system provides many growth opportunities in the market. This integration can further give access to users with accurate data for geospatial data analysis. Moreover, geographical data can be leveraged to manage and monitor an IoT-enabled valve from remote locations around the globe.

Increase of location-based services (LBS)

LBS applications provide personalized experiences based on their physical location, which enhances operational efficiency and customer engagement. Transportation, retail, and healthcare industries use LBS for targeted marketing, service delivery, and route optimization. Additionally, increasing dependence on geographical data to fuel company strategy across different industries can lead to the expansion of the geographic information system market soon.

• In May 2023, Alteryx, Inc., and geolocation technology expert TomTom International BV expanded their partnership. In support of this partnership, Alteryx will integrate spatial data into the products of Alteryx and location insights packages with the help of TomTom's Maps APIs and location data.

Geographic Information System Market Coverage

Regional Analysis

North America dominated the geographic information system market in 2023. The dominance of the segment can be linked to the strong presence of market players in the region along with the growing adoption of innovative technology, Furthermore, North America stands out as a leading market for GIS in the world as it embraces innovative technologies that have driven advancements in real-time data processing and spatial analysis.

The Asia Pacific market is anticipated to grow at the fastest rate over the forecast period. The growth of the region can be attributed to the rising use of GIs in resource management and urban development plans. However, regions undergoing urban growth due to the presence of developing nations like India and China. That is propelling the market growth in the region during the projected period.

Market News

• In February 2024, Placer.ai partnered with Esri, a provider of geographic information system technology, combining consumer behavior analytics and taking the analytics possible by Placer.ai one step further for its customers.
• In December 2023, Bayanat announced the start of the operational phase of the Geospatial Analytics Platform. Within the framework of its participation in the management of Space at COP28, UAE Space Agency in cooperation.

Market Segmentation

By Component

• Hardware
• Software
• Services

By Usage 

• Surveying
• Mapping
• Navigation

By Devices

• Desktop
• Mobile

By Vertical

• Utilities
• Construction
• Aerospace and Defense
• Transportation and Logistics
• Agriculture
• Mining and Geology
• Oil and Gas
• Government
• Others

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