Geographic Information System (GIS) Market Report: Size, Share and Outlook by 2031

The geographic information system (GIS) market was valued at approximately US$ 10.27 billion in 2023 and is projected to grow to US$ 19.30 billion by 2031, reflecting a compound annual growth rate (CAGR) of 8.2% from 2023 to 2031.

This market is categorized into five primary regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. In 2023, North America led the market, followed by Europe and APAC.

According to a United Nations report from 2022, the global logistics industry was valued at around US$ 9.4 trillion in 2023, with expectations to reach US$ 9.9 trillion in 2024, marking an annual growth rate of 5.3%. Within the transportation and logistics sectors, GIS plays a crucial role in live traffic monitoring and real-time vehicle tracking. It provides monitoring capabilities through visual displays of spatial data, enabling accurate geographical positioning of vehicles in real-time. Furthermore, GIS mapping solutions are extensively utilized for the development of new railway lines, roadways, and other transportation routes.

Investment in infrastructure development for roadways and railways is rapidly increasing worldwide. The Global Infrastructure Outlook Report indicates that in 2023, global investments in transportation infrastructure reached US$ 1.60 trillion. GIS is instrumental in analyzing and visualizing spatial data during the planning and management of transportation infrastructure, offering numerous advantages such as enhanced efficiency, cost savings, and improved safety and sustainability. The World Bank's Global Roads Inventory Project includes over 60 geospatial datasets related to road infrastructure, covering approximately 222 countries and detailing around 21 million km of roads. GIS is utilized to extract and analyze this geospatial data, driving the demand for real-time location-based services in logistics, transportation, and infrastructure sectors, thereby propelling the growth of the GIS market.

The Asia Pacific region is anticipated to witness the highest growth rate in the GIS market from 2023 to 2030. The surge in infrastructure development projects in countries such as China, India, Japan, and South Korea is expected to significantly boost construction activities, leading to a substantial demand for GIS technologies in the near future. The New Zealand government is focusing on enhancing its infrastructure network, including water and wastewater systems, road and rail networks, electricity transmission, and telecommunications. The increasing population and urbanization are key factors driving the need for the expansion and upgrading of essential infrastructure facilities in the country, with plans to allocate approximately US$ 47 billion for infrastructure development from 2024 to 2029.

From a functional perspective, the GIS market is divided into segments such as mapping, surveying, telematics and navigation, and location-based services. The mapping segment holds the largest share of the GIS market, primarily due to its growing adoption in the logistics and transportation sectors. For example, in October 2023, Altana introduced the latest version of its AI-driven Atlas, a global supply chain map utilized by various companies and government entities. GIS technology enables the storage of information through spatial indices that identify features within any designated area on a map, allowing for the mapping of all locations within a specified radius of a point.

Numerous telematics and logistics firms are launching advanced software solutions that incorporate navigation and mapping functionalities. In June 2024, HERE Technologies unveiled its Fleet Optimization software package, which includes mapping capabilities designed to enhance operational efficiency and scalability in fleet management. This software addresses critical needs within the transportation and logistics industries.

Key players in the GIS market include Autodesk, Inc., Topcon Positioning Systems, Inc., Caliper Corporation, SuperMap Software Co., Ltd., Hexagon AB, Hi-Target, Pitney Bowes Inc., Maxar Technologies, AmigoCloud, Inc., Trimble Inc., Bentley Systems, Incorporated, Cadcorp Limited, Spatialworks Sdn Bhd., Environmental Systems Research Institute, Inc., Blue Marble Geographics, Abaco SpA, TomTom International BV, FARO Technologies, Inc., L3Harris Technologies, Inc., and Ba?arsoft Information Technologies Inc..

The overall size of the GIS market has been determined through a combination of primary and secondary research methods. Extensive secondary research has been conducted using both internal and external sources to gather qualitative and quantitative data regarding the GIS market size. This approach also aids in providing an overview and forecast of the market across all segments. Additionally, multiple primary interviews with industry participants have been carried out to validate the data and gain analytical insights. This process includes discussions with industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the GIS market.