According to the research report titled ‘GLOBAL Geographic Information System (Gis) Market 2019-2027’, available with Market Study Report, global geographic information system (GIS) market revenue share is projected to increase at a CAGR of 9.04% during the forecast period 2019-2027.
 

Escalating demand for spatial data and development of smart cities are the major factors driving global geographic information system (GIS) market growth. Further, application of GIS in disaster management is expected to bolster the industry progression in the upcoming years.
 

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For the uninitiated, geographic information system (GIS) assists in capturing, storing, analyzing, manipulating, and presenting all types of geographical data. It also facilitates quick access to relevant location-specific data, make business decision-making easier.
 

Elaborating on the factors hindering geographic information system (GIS) industry expansion, high implementation costs, legal issues concerning storage of spatial data, and product integration are some of the major factors hindering business expansion.
 

Based on deployment, the market is fragmented into desktop GIS, developer GIS, server GIS, mobile GIS, and others. In terms of end-user spectrum, the market is split into agriculture, defense, utilities, construction, transportation & logistics, and others.
 

From a geographical standpoint, the market size spans across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Industry experts cite that North America geographic information system (GIS) market is anticipated to generate substantial revenue in the upcoming years. Prompt adoption of advanced technology, increasing utilization of GPS and location based services, and rise in enterprise mobility are stimulating the regional market growth. Also, favorable government initiatives is adding considerable traction to the industry growth. For instance, the Canadian government launched the Canada Action Plan, which allows sharing of government data openly with the public. The government has also launched the Federal Geospatial Platform a new online platform where citizen can access the government’s geospatial information.
 

Prominent players in global geographic information (GIS) industry sphere are Fugro N.V, Atkins, Takor Group, Hi-Target Surveying Instrument Co. Ltd., Beijing SuperMap Software Co., Ltd., Computer Aided Development Corp. Ltd., Caliper Corp., MacDonald Dettwiler & Associates Corp., Trimble Inc., Pitney Bowes Inc., General Electric Company, Bentley Systems Inc., Autodesk Inc., Esri, and Hexagon AB.