Geographic Information System Market 2024: Size Projections

Geographic Information System Global Market Report 2024

The Business Research Company recently released a comprehensive report on the Global Geographic Information System Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @

https://www.thebusinessresearchcompany.com/sample.aspx?id=12725&type=smp

According to The Business Research Company’s, The geographic information system market size has grown rapidly in recent years. It will grow from $12.94 billion in 2023 to $14.61 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to government initiatives, increasing spatial data availability, rising demand for location-based services, expansion of infrastructure projects, growing awareness of spatial analysis.

The geographic information system market size is expected to see rapid growth in the next few years. It will grow to $23.77 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to rising demand for 3d mapping and modeling, expansion of smart city projects, increasing focus on environmental sustainability, adoption of cloud-based gis solutions. Major trends in the forecast period include augmented reality in gis applications, emphasis on real-time data and analytics, integration of iot with gis, growth of location-based marketing, rise of open-source gis platforms.

Get The Complete Scope Of The Report @

https://www.thebusinessresearchcompany.com/report/geographic-information-system-global-market-report

Market Drivers and Trends:

Increasing defense-related satellites are expected to propel the growth of the geographic information system market. Defense-related satellites are artificial satellites designed to support defense and security efforts by providing critical information and capabilities to military forces. Geographic information systems use defense-related satellites to gather spatial data for decision-making, filter it, analyze it, and present it. For instance, in January 2023, according to Jonathan’s Space Report, a US-based space program researcher, there were 186 international space launches of defense-related satellites in 2022, with 182 of them being successful. Further, the US attempted to launch 78 defense-related satellites in 2022, with 72 flourishing, and China tried to launch 64 satellites in 2022, of which 62 made orbit. Therefore, the increasing number of defense-related satellites is expected to propel the growth of the geographic information system market.

Product Innovation is the key trend gaining popularity in the geographic information system market. Major companies operating in the geographic information system market are concentrating on developing innovative products to strengthen their position in the market. For instance, in August 2023, SuperMap Software Co. Ltd., a China-based company that offers geographic information system software products and services, launched SuperMap iDesigner3D, a minimalist WebApp built on SuperMap iClient3D for WebGL and implemented on the portal software framework SuperMap iPortal. SuperMap iDesigner3D permits subscribers to batch-create 3D models of structures, pathways, and roadways that coincide with the geospatial environment to comply with online 3D geographic design requirements. It uses vector data and modeling rules to create online batch modeling features that utilize real geographic environments. It facilitates the alteration and adjustment of modeling characteristics and substances, and it can update the edit results electronically in real-time, significantly improving data editing efficiency.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.

• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.

• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.

• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.

• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Google LLC, Hitachi Solutions Ltd., General Electric Company, Airbus SE, International Business Machines Corporation, Oracle Corporation, Harris Corporation, Hexagon AB, Autodesk Inc., Trimble Inc., Pitney Bowes Inc., Fugro NV, Maxar Technologies Inc., Topcon Positioning Systems Inc., Environmental Systems Research Institute Inc., Bentley Systems Inc., Alteryx Inc., MDA Information Systems LLC, SuperMap Software Co. Ltd, Zondy Cyber Group Co. Ltd., KCI Technologies Inc, Geosoft Inc., Caliper Corporation, AiDash Inc, Blackshark.ai GmbH, Abley Ltd., CARTO, Cadcorp, Blue Marble Geographics, Hi-Target Surveying Instrument Co. Ltd.

Geographic Information System Market 2024 Key Insights:

• The geographic information system market size is expected to see rapid growth in the next few years. It will grow to $23.77 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%.

• Surging Deployment Of Defense-Related Satellites Drives Growth In The Geographic Information System Market

• Pioneering Product Development In The Geographic Information System Market

• North America was the largest region in the geographic information system market in 2023

We Offer Customized Report, Click @

https://www.thebusinessresearchcompany.com/Customise?id=12725&type=smp

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

Follow Us On:

LinkedIn:

Twitter:

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC’s consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.