The global GIS Market size valued at $8.2 billion in 2020, and it is expected to reach $25.6 billion by 2030, exhibiting a CAGR of 12.1% during the forecast period (2020–2030).
Major Players in the market Hexagon AB, Autodesk Inc., Bentley Systems Inc., Environmental Systems Research Institute (ESRI), FARO Technologies Inc., Topcon Positioning Systems Inc., Trimble Inc., Pitney Bowes Inc., MacDonald, Dettwiler, Associates Ltd. (MDA), SuperMap Software Co. Ltd.
In March, 2020 Esri Inc. announced the release of ArcGIS Analytics for internet of things (IoT), to allow users to ingest, visualize, analyze, store, and respond to large volume of IoT sensor data. This new tool helps organizations take advantage of the insights provided by the IoT, with up-to-the-second data and improved situation awareness. Nowadays, GIS is being used in detecting, understanding, and responding to infectious disease outbreak of coronavirus (COVID-19), by using its capabilities, such as spatial analytics, mapping, and location intelligence. Hexagon AB launches at INTERGEO 2020 Digital, the world’s premier event for surveying and geoinformation, we are focusing on this human-to- human interaction. Hexagon is providing a platform for you to hear and interact with the experts who will present and demonstrate the latest innovations and technologies, allowing you to put data to work.
In Karnataka, the administrative body of the fourth largest municipal corporation in India, the Bruhat Bengaluru Mahanagara Palike (BBMP), has launched a GIS based Command and Control center to cohesively plan, coordinate and execute various state level actions initiated to contain the disease. The central command and control center is now being used for all COVID-19 planning and response strategies across the state of Karnataka. Around 45 smart city command and control centers have been turned into COVID-19 war rooms and others are following the suite.
GIS Market Segmentation is based on their component Type, Application and Region. By Type (Hardware and Software), by application it has been (Transport, logistics, Agriculture and Oil &gas), by region it has been segmented into North America, Europe, Asia-Pacific andrest of the world. Europe and the Asia Pacific followed the North America region in the global geographic information systems (GIS) market in terms of revenue. With rising security threats and constantly changing demographics in the overall European region, various government bodies have been making use of geospatial data to ensure public safety.
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