Geographic Information System Market Size, Share, By Component (Hardware and Software), By Application (Aerospace & Defense, Oil & Gas Exploration, Water & Wastewater, Government, Transportation & Logistics, Telecommunications, Healthcare, Engineering & Business Services, Oil & Gas Refining and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Geographic Information System Market Size was valued at US$ 14.8 billion in 2024 and is projected to grow at a CAGR of 15.7% to reach US$ 55.9 billion by 2034.

A geographic information system is a software tool that is used to store, analyze, manipulate, and visualize geographic information. GIS software tool is cost-effective, time-saving, and used to identify new areas of opportunity and potential problem areas by producing maps and other graphic displays of geographic information for analysis and presentation. Geographic information systems use any information that includes location, such as latitude and longitude, address, or ZIP code.

The location-based services drive the steady growth of the worldwide geographic information system industry. Furthermore, several key elements that propel the market for geographic information systems (GIS) are responsible for its expansion and innovation. The successful use of GIS technology in disaster relief, the growth in the market for location-based services and spatial data, the development of satellite imaging and remote sensing technologies, and the fusion of GIS with IoT and artificial intelligence are some drivers. The market also gains from the growing use of GIS in environmental monitoring, urban planning, and agriculture, propelling its global expansion.

Geographic Information System Market Drivers:

Increasing Development of Smart Cities

• Smart cities rely on the sharing of real-time awareness and are data-driven. A GIS generates a map-based depiction of the data for instantaneous actionable insights when an organization gathers and analyzes data from thousands of Internet of Things (IoT) devices. These insights may be used to monitor the provision of municipal services and identify areas in which the services provided by local councils require enhancement. The global geographic information system market is expanding due to governments investing in infrastructure based on GIS and the growing number of smart cities being developed worldwide.
• In addition, the need to combine traditional data with spatial data to get meaningful insights from location-based information is driving the worldwide geographic information system market's expansion. Furthermore, the transportation industry's widespread use of cutting-edge equipment contributes to the market's expansion.

Prediction of natural calamities

• The market for geographic information systems is expanding due to the growing need to anticipate, recognize, and mitigate natural catastrophes. These days, the coronavirus (COVID-19) infectious disease epidemic is being tracked down, understood, and handled utilizing GIS and its capabilities, including mapping, spatial analytics, and location intelligence. In order to pinpoint the locations of COVID-19 infections, government and health officials were mapping confirmed and ongoing cases, fatalities, and recoveries.
• GIS is used by urban planning experts for modeling, analysis, and visualization. Processing geospatial data from remote sensors, aerial photography, and satellite imaging provides users with a comprehensive view of the land and infrastructure. Because of these advantages, the market for GIS software is expanding.

Geographic Information System Market Restrains:

High initial investment cost

• The high implementation costs of GIS systems provide a significant obstacle to expanding the Geographic Information System (GIS) market. Although GIS technology has many benefits, the substantial financial outlay needed is a turnoff, especially for smaller companies and groups with tighter budgets. A significant contributor to costs is the purchase of specialist software and hardware. Organizations require reliable computers, servers, and storage options to handle the computational needs of geographic data processing and use GIS efficiently.
• Furthermore, GIS software licenses can be costly, especially for feature-rich systems, which poses a severe barrier to entry. A costly barrier that goes beyond technology and software is obtaining and preserving high-quality geographical data. Therefore, high initial system set-up costs and a lack of authentic spatial data can pose major barriers that hamper the growth of the geographic information system market.

Geographic Information System Market is segmented based on Component, Application and region:

Component Insights:

• Hardware:

This category includes the physical components utilized in a GIS system for data administration, storage, and collection. These tools are essential for gathering real-world geographic data, which GIS software subsequently uses to integrate and analyze.

• Software:

This category includes the programs comprising the backbone of GIS capabilities and allows users to manage, organize, examine, and display geographic data.

Among the segments mentioned above, the software segment dominates the market owing to the ongoing expansion of GIS software, which the integration of sophisticated capabilities such as real-time data analysis and cloud-based solutions has spurred.

Application Insights:

• Aerospace & Defense:

Geographic Information Systems (GIS) are crucial instruments utilized in many facets of aerospace and defense operations, such as mission planning and management, target acquisition, supply chain management and logistics, disaster response, and humanitarian aid.

• Oil & Gas Exploration:

The oil and gas sector uses GIS for pipeline routing, exploration planning, seismic data analysis, and environmental impact assessments.

• Water & Wastewater:

GIS is used in water and wastewater management to map infrastructure, find leaks, manage assets, and monitor water quality.

• Government:

Government organizations may use GIS to create public information maps, manage geospacial resources, respond to emergencies, and plan urban areas.

• Transportation & Logistics:

GIS is used in the transportation and logistics for fleet management, delivery tracking, and route optimization.

• Telecommunications:

Telecom firms use GIS for consumer demographic analysis, network design, and infrastructure upkeep.

• Healthcare:

The healthcare industry uses GIS to track disease outbreaks, allocate resources, analyze public health data, and prepare for emergencies.

• Engineering & Business Services:

GIS is used by engineering and business service companies for market research, environmental impact assessments, infrastructure design, and site selection.

• Oil & Gas Refining:

Within the oil and gas refining sector, GIS is used to select refinery sites, route pipelines, and monitor the environment.

• Others:

This category includes a range of other GIS applications in various industries, including retail, agriculture, disaster relief, and environmental conservation.

Geographic Information System Market Regional Insights

• The North America market is estimated to witness a significantly high revenue share over the forecast period because of its well-established infrastructure, elevated rates of technology adoption, and robust governmental backing for GIS endeavors.
• Asia Pacific market is estimated to witness largest revenue share because of the region's strong economic growth, rising government infrastructure spending, and rising awareness of the advantages of GIS.
• Europe offers lucrative market opportunities because of its heavy emphasis on environmental applications and sustainable development efforts. Leading GIS software providers are likewise well-represented in Europe, as is the skilled workforce of GIS professionals.
• Latin America market is growing gradually due to the increased usage of GIS, notably in government agencies and resource management.
• The Middle East and Africa market is an emerging market, resulting from rising infrastructure investments and expanding economic growth.

Geographic Information System Market Report Scope:

Attribute	Details
Market Size 2024	US$ 14.8 billion
Projected Market Size 2034	US$ 55.9 billion
CAGR Growth Rate	15.7%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Component- Hardware and Software. By Application– Aerospace & Defense, Oil & Gas Exploration, Water & Wastewater, Government, Transportation & Logistics, Telecommunications, Healthcare, Engineering & Business Services, Oil & Gas Refining and Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Geographic Information System Market report based on Component, Application and region:

Geographic Information System Market, By Component:

• Hardware
• Software

Geographic Information System Market, By Application:

• Aerospace & Defense
• Oil & Gas Exploration
• Water & Wastewater
• Government
• Transportation & Logistics
• Telecommunications
• Healthcare
• Engineering & Business Services
• Oil & Gas Refining
• Others

Geographic Information System Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Geographic Information System Market include Pitney Bowes Inc., Hexagon AB, SuperMap Software Co. Ltd., Pasco Corporation, Bentley Systems Incorporated, Topcon Positioning Systems, Autodesk Inc., Hi-Target Surveying Instrument Co. Ltd, Environmental Systems Research Institute Inc., and Golden Software LLC.

• In June 2023, Bentley Systems, Inc., a provider of infrastructure engineering software, announced at the Environment Analyst Global Business Summit that new carbon assessment capabilities in iTwin Experience are now available. These capabilities will allow infrastructure professionals to quantify carbon reduction opportunities in their projects easily. With the latest features, infrastructure experts may use iTwin Experience to automate impact evaluations and embodied carbon calculation reports fully. This will allow them to explore many design options more quickly and remove the need for manual data exports and standardization.

• Pitney Bowes Inc.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Hexagon AB
• SuperMap Software Co. Ltd.
• Pasco Corporation
• Bentley Systems Incorporated
• Topcon Positioning Systems
• Autodesk Inc.
• Hi-Target Surveying Instrument Co. Ltd
• Environmental Systems Research Institute Inc.
• Golden Software LLC.

“*” marked represents similar segmentation in other categories in the respective section.