San Francisco, 13 May 2030: The Report Geographic Information System Market Size, Share & Trends Analysis Report By Components, By Usage (Surveying, Mapping, Navigation), By Vertical, By Devices, By End-use, By Region, And Segment Forecasts, 2024 - 2030

The global geographic information system market size is expected to reach USD 17.76 billion by 2030, registering a CAGR of 8.7% during the forecast period, according to a new report by Grand View Research, Inc. The rising adoption of GIS in infrastructure development, urban planning, and smart cities coupled with increasing location-based services are some of the key drivers of the geographic information system market.

GIS is a computerized system that connects data with geography. Several decisions are taken using GIS, right from tracking a store location to predicting climate change and analyzing a crime pattern. GIS helps users to link the data with a geographic location to gain spatial insights from the extracted data.

The growing integration of GIS with conventional technologies has enhanced the business intelligence of companies. Moreover, the integration of GIS with IoT devices provides accurate data to users using geospatial data analysis. For instance, an IoT-enabled valve can be monitored from anywhere around the globe using geospatial data.

The demand for location-based services, such as real-time status and control of a valve, has been on a rising curve around the globe. The market for GIS is expected to grow over the forecast period owing to technological advancements and growing applications. Moreover, the growing awareness among private companies regarding benefits such as improved productivity and optimization of processes offered by GIS has resulted in the technology’s increased demand.

Organizations in the private sector use the geographic information system for applications such as mining, oil & gas, transportation & logistics, and defense equipment, among others. The rising application of geographic information systems in construction is anticipated to, in turn, boost the market demand over the forecast period.

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The increasing investments in urban infrastructure, such as smart city projects, and the increasing applications of the geographic information system (GIS) in geology, defense, environmental, and disaster management are major factors driving market growth.

The Pan American Health Organization uses geographic information systems in detecting, assessing, analyzing, and addressing health emergencies, under the Health Information and Risk Assessment Unit of the Health Emergencies Department. According to an article published by the organization in November 2023, in the past decades, the GIS significantly helped prepare for and respond to health emergencies and disasters. Growing health concerns worldwide and the significant role of GIS in managing emergencies are expected to boost their demand over the forecast period.

The increasing applications of GIS in different sectors and the development and adoption of advanced GIS systems across the globe are further likely to help in the market growth. For instance, in March 2024, Mauritius's Central Water Authority (CWA) implemented Geographic Information System (GIS) technology developed by Esri across its departments and customer service operations. The implementation facilitated an efficient complaint-logging process, pinpointing client locations, and network mapping, which is likely to lead to efficient resource utilization and enhance decision-making.

The key companies in the geographic information system (GIS) are Autodesk Inc., Bentley Systems, Incorporated, CARTO, etc. Organizations are focusing on increasing customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.