According to the recent research report titled ‘GLOBAL GEOGRAPHIC INFORMATION SYSTEM (GIS) MARKET 2019-2027’, available with Market Study Report, global geographic information system (GIS) market is projected to record a CAGR of 9.04% during 2019-2027.
 

Growing acceptance of GIS, rising smart city development, and surging demand for spatial data are the key factors driving the growth of global geographic information system (GIS) market.
 

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Notably, geographic information system (GIS) aids in managing, storing, analyzing, manipulating, capturing, and presenting all types of geographical data. It provides fast access to relevant location-specific information in order to make effective decisions pertaining to businesses, propelling geographic information system (GIS) market size expansion.
 

However, the high cost associated with GIS may hinder the industry expansion over the study period. Moreover, legal issues with spatial data storage and integration of GIS in business intelligence are likely to act as restraining factors for the growth of global geographic information system (GIS) industry.
 

Based on product type, global geographic information system (GIS) market is divided into service, data, and software. Speaking of function type, the industry is bifurcated into navigation & telematics, location-based services, surveying, mapping, and others.
 

In terms of deployment type, global geographic information system (GIS) market is split into mobile, developer, server, desktop GIS, and others. Elaborating on end user scope, the market is categorized into transportation & logistics, utilities, construction, oil & gas, agriculture, defense, and others.
 

Citing the regional landscape, worldwide geographic information system (GIS) market is segmented into Middle East & Africa (MEA), Asia Pacific, North America, Europe, and Latin America. The report states that North America is expected to hold a considerable market share and expand consistently over the forecast timespan. The regional growth is attributable to early adoption of GIS and location-based services coupled with rapid expansion of enterprise mobility in the region.
 

In addition, supportive government initiatives are augmenting North America geographic information system (GIS) market share. For instance, the Canadian government introduced Canada Action Plan which allows government information to be shared with the public. Furthermore, the government had initially launched Federal Geospatial Platform, an online platform for the citizens to access government’s geospatial data.
 

Major contenders in global geographic information system (GIS) market are Fugro N.V., Atkins Plc, Takor Group, Hi-Target Surveying Instrument Co. Ltd., Supermap Software Co. Ltd., Computer Aided Development Corporation Ltd., Caliper Corporation, Dettwiler and Associates Corporation (MDA), Macdonald, Trimble Inc., Pitney Bowes Inc., General Electric Company, Bentley Systems Inc., Autodesk Inc., ESRI, and Hexagon AB.