The GIS market is booming across North America. This market is segmented by type, vertical, and country. The key vendors include Autodesk Inc., Esri Inc., Hexagon AB, and Hitachi Zosen Corp. Other key players in the market include Rolta India Ltd. and Bentley Systems Inc., among many others. In this report, we will explore the major trends and factors that are driving the growth of this market.
ESRI: One of the leading GIS software providers, Esri has an extensive portfolio of geospatial software solutions. The company provides a variety of geospatial software solutions, from desktop GIS to web GIS. Esri’s offerings include ArcGIS Online, ArcGIS Enterprise, ArcGIS Pro, and CityEngine. Esri’s market share is predicted to grow by 2022 despite the economic crisis that ravaged the industry in recent years.
The growth of the GIS market can be attributed to increasing government sector investment in the technology. The government sector accounts for 30% of the industry’s total revenue and is expected to continue growing at a faster rate than the rest of the end-users. However, GIS market’s reliance on government might be the biggest hindrance for its growth. For this reason, the government sector is a major driver of the GIS market.
As more companies realize the benefits of GIS, they’re also investing in the technology.
Trimble is a leading provider of 3D scanners, GIS software, and other solutions. The company competes in the GIS market through acquisitions and product launches. It continuously invests in development and innovation of its products. In addition, Trimble recently acquired two major companies in the field. Despite the competition, it remains one of the most profitable companies in the industry.
Geospatial technologies are used across many industries, including the financial sector, telecommunication industry, and government agencies. Additionally, the need for information in the field of resource management is driving the adoption of modern systems, including the geographic information system. The technology also finds applications in disaster management, land information, and business information. GIS is becoming a valuable tool for many industries, from business information to military & defence to biological research.
In recent years, there has been a tremendous demand for GIS. Its increasing popularity is attributed to its widespread use. GIS has revolutionized many industries and businesses. It’s a must-have tool for any company in today’s market. Hundreds of thousands of organizations use the technology to communicate and solve complex problems. There’s a market for GIS software in the US today. Just look at the growth of this market!