According to the latest report by IMARC Group, titled “Europe Geographic Information System (GIS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the europe geographic information system market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.
The geographic information system (GIS) refers to a computer framework designed to collect, analyze, manage, and provide information related to positions on the earth’s surface. It is geographically coded and organizes data into visualizations using three-dimensional (3D) scenes and maps. GIS includes mapping, location-based services, surveying, telematics, and navigation. It is utilized for managing networks, and environmental data, monitoring vehicles, and conducting accident analysis. It finds extensive application across various industries, such as agriculture, transportation, construction, and oil and gas.
Europe Geographic Information System (GIS) Market Trends:
The Europe geographic information system market is primarily being driven by the increasing utilization of the system in the agriculture industry as it enables the farmers to enhance productivity and improve crop management and soil mapping. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and big data solutions, are providing a thrust to market growth. These innovations aid in spatial classification, and spatial regression and in promoting the development of smart cities and urban infrastructure. Other factors, including the widespread adoption of GIS in the transportation industry and the implementation of favorable government initiatives across countries, such as Spain, France, and Germany, are anticipated to favor the market growth
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Europe 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:
- Hardware
- Software
- Services
Breakup by Function:
- Mapping
- Surveying
- Telematics and Navigation
- Location-Based Services
Breakup by Device:
- Desktop
- Mobile
Breakup by End-Use Industry:
- Agriculture
- Utilities
- Mining
- Construction
- Transportation
- Oil and Gas
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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