Global GIS Market is segmented by Component (Hardware (GIS Collectors, Total Stations, LIDAR, GNSS/GPS Antennas, Imaging Sensors), Software), by Function (Mapping, Surveying, Telematics and Navigation, Location-Based Services), by Application (Aerospace & Defence, Oil & Gas Exploration, Water & Wastewater, Government, Agriculture, Construction, Utilities & Mining, Transportation & Logistics, Engineering & Business Services, Oil & Gas Refining, Telecommunications, Healthcare), by Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa) is expected to reach US$ 177.3 Bn by 2026.
Government Application is expected to grow higher during the forecast period:
The government agencies are expected to show the greater adoption of GIS software implementation. The mobile GIS software market is expected to register a CAGR of over 18% during the forecast period as it offers the users an easy way of acquiring and uploading GIS data to the online visualization tools. Government funds across the military and aerospace sector are driving the demand for advanced location-based technologies resulting in improved demand for GIS solutions. The defence agencies utilize the geospatial information to carry out their crucial surveillance and reconnaissance operations, including battlefield management, terrain analysis, and monitoring of possible terrorist activities. As the spatial data is of crucial importance to military operations, the demand for GIS technology in the government sector will increase swiftly during the forecast period.
Asia-Pacific (APAC) in GIS Market is expected to grow at the fastest rate during the forecast period:
The GIS market is expected to witness the fastest growth in APAC during the forecast period. Because of the increasing use of this technology by governments, and for water and wastewater management, in the developing economies of the region, including India and China. Increasing urbanization, supported by growing investments in smart cities, is expected to increase the demand for the GIS market in the region during the forecast period.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global GIS Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global GIS Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global GIS Market positioning of competitors.
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