According to a new report, published by KBV research, The Global Geographic Information System Market size is expected to reach $21.32 billion by 2031, rising at a market growth of 9.1% CAGR during the forecast period.
Cloud computing has made GIS more scalable, cost-effective, and accessible. Cloud-based GIS platforms allow organizations to store and analyze large amounts of geospatial data without needing on-premise infrastructure. This trend is expected to continue as more businesses migrate to the cloud. The combination of GIS with AI and machine learning enhances spatial data analysis.
The Desktop segment captured the maximum revenue in the Global Geographic Information System Market by Devices in 2023, thereby, achieving a market value of $12.3 billion by 2031. Desktop GIS solutions provide powerful tools for geospatial modeling, allowing organizations to conduct in-depth analysis, manage large datasets, and generate detailed maps. These solutions are extensively used by government agencies, urban planners, environmental researchers, and infrastructure developers to support decision-making processes.
The Services segment is experiencing a CAGR of 8.6 % during the forecast period. This growth is primarily driven by the increasing need for consulting, integration, maintenance, and training services that support organizations in effectively deploying and managing GIS solutions. As GIS technology becomes more advanced and widely adopted across urban planning, utilities, transportation, and agriculture industries, businesses rely on specialized services to enhance spatial data management, streamline operations, and improve decision-making capabilities.
The Navigation segment led the maximum revenue in the Global Geographic Information System Market by Usage in 2023, thereby, achieving a market value of $9.2 billion by 2031. This growth is primarily driven by the increasing need for consulting, integration, maintenance, and training services that support organizations in effectively deploying and managing GIS solutions. As GIS technology becomes more advanced and widely adopted across urban planning, utilities, transportation, and agriculture industries, businesses rely on specialized services to enhance spatial data management, streamline operations, and improve decision-making capabilities.
The Utilities segment is growing at a CAGR of 7.5 % during the forecast period. Integrating GIS with smart grid technologies and IoT-based sensors has further strengthened its role in predictive maintenance and outage management. Additionally, the rising investments in renewable energy projects and the modernization of utility infrastructure have driven the demand for GIS solutions to improve planning, monitoring, and decision-making processes.
Full Report: https://www.kbvresearch.com/geographic-information-system-market/
The Europe region dominated the Global Geographic Information System Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6.8 billion by 2031. The North America region is anticipated to grow at a CAGR of 8.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 9.6% during (2024 - 2031).
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