Global Geographic Information Systems (GIS) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Marketresearch.biz delivers in-depth insights on the global geographic information systems market in its upcoming report titled, “Global Geographic Information Systems (GIS) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global geographic information systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global geographic information systems market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global geographic information systems market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global geographic information systems market report has been segmented on the basis of component, function, application, and region.

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Geographic Information System (GIS) is a computer framework designed to capture, store, manipulate, analyse, manage, and display geographical data in maps. GIS is used to search information about specific geographical area, and helps to improve decision making about locations. GIS displays data in simple visual ways, and enables the user to discover what is happening inside particular area or nearby to that area.

Growing urbanization, increase in construction of smart cities, and rising adoption of GIS in transportation are key factors driving growth of the global geographic information systems market. In addition, growing adoption of GIS in video games, coupled with technological advancements such as integrated location-based data services and geo-analytics in GIS are major factors expected to drive growth of the global geographic information systems market over the forecast period.

However, high cost and issues during installation are key factors hampering growth of the global geographic information systems (GIS) market.  Additionally, lack of skilled professionals is another major factor expected to restrain growth of the global geographic information systems market over the forecast period.

In terms of revenue, North America is expected to remain dominant among other markets in the global geographic information systems (GIS) market followed by Europe, owing to increasing adoption of geographic information systems (GIS) in defence and healthcare sectors in the region. In terms of CAGR, Asia Pacific is expected to emerge as the fastest growing market in the global geographic information systems (GIS) market over the forecast period, owing to increasing use of geographic information systems (GIS) in agricultural, transportation, and construction industries in countries in the region.

Global Geographic Information Systems (GIS) Market Segmentation:

Global geographic information systems market segmentation by component:

• Software
• Hardware

Global geographic information systems market segmentation by function:

• Mapping
• Surveying
• Telematics and Navigation
• Location-Based Services

Global geographic information systems market segmentation by application:

• Agriculture
• Construction
• Transportation
• Utilities
• Mining
• Oil & Gas

Global geographic information systems market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa