According to the latest report by IMARC Group, titled “GCC Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportuni
According to the latest report by IMARC Group, titled “GCC Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The GCC geographic information system (GIS) market size reached US$ 591.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,383.4 Million by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.
Industry Definition and Application:
The geographic information system (GIS) refers to a system that gathers, manages, and examines data related to positions on the surface of the earth. It integrates different data formats, including cartographic, photographic, and digital data, which enables users to understand topographical information and relationships better. As a result, GIS software is used for mapping, accident analysis, rerouting design, transportation planning, disaster management and mitigation, landslide hazard zonation, and navigation. These functions are performed by analyzing spatial information and visually organizing layers of data using 3D maps.
GCC Geographic Information System (GIS) Market Trends:
The rising usage of GIS maps, as they can be easily shared and embedded in apps to be accessed virtually by anyone, anywhere is primarily augmenting the GCC geographic information system (GIS) market. Furthermore, the increasing utilization of these systems across the region, as they aid in gaining a better insight into spatial patterns and relationships while lowering costs, enabling better decision-making, and improving overall management performance, is positively influencing the market growth. Apart from this, the widespread adoption of GIS across the military and defense sector in location intelligence, logistics management, and spy satellites is acting as another significant growth-inducing factor. Moreover, the inflating usage of GIS in the agriculture sector for precision farming, soil mapping, and analyzing crop productivity is also bolstering the regional market. Besides this, the increasing integration of artificial intelligence (AI) with GIS, on account of the advancements in technology by key players, is expected to drive the GCC geographic information system (GIS) market in the coming years.
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GCC Geographic Information System (GIS) Market 2023-2028 Analysis and Segmentation:
The report has segmented the market on the basis on region, component, function, device and end use industry.
Breakup by Component:
Breakup by Function:
Telematics and Navigation
Breakup by Device:
Breakup by End Use Industry:
Oil and Gas
Breakup by Country:
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
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