The global [FURL=https://www.industryarc.com/Research/Geographic-Information-System-Market-Research-505407?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Geographic Information System Market[/FURL] is estimated to surpass $10.21 billion marks by 2026 growing at an estimated CAGR of more than 16.5% during the forecast period 2021 to 2026. As an emerging trend of technology, the field of GIS (Geographic Information System) is steadily expanding. The global Geographic Information System Market is growing steadily driven by increasing demand from the location-based services market Since the U.S region is making huge investments in the use of GIS technology in various industries such as natural resources, utilities & other sectors, North America is dominating the market & holds the largest market share followed by Europe and APAC. The Government of India has started with implementing the GIS technology and initiated Digital India projects to upgrade the internet network and infrastructure so it is easily accessible to the people. The adoption of Geographic Information System technology by various governments worldwide will drive the market.Key Takeaways
Rise in adoption of Geographic Information System tools owing to their wide range of applications like monitoring of real-time geographical data, traffic congestions, spatial analytics and others are driving the growth of the market.
The cloud deployment is dominating the market as the data integration can be done efficiently in the cloud with less complexity along with upsurge in use of cloud networks globally.
The real-time geographical data used by devices for instance smartphones, vehicle sensors, imaging sensors on drones are majorly extracted from the Geographic Information System solutions.
Ridesharing and delivery companies have increasingly utilized Geographic Information System solutions for GPS tracking and asset management applications thus driving market growth.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=505407[/FURL]
Geographic Information System Market Drivers
Rise of Big Data Analytics
Big data analysis utilizes large data to uncover correlations and other insights. As of 2019, there are more than 74 terabytes of information collected by the Library Of Congress in the U.S.
Rise in Internet Penetration
The rise in internet penetration has enhanced the use of Geographic Information System solutions. It is due to the high-speed internet that real-time monitoring of devices is possible nowadays through which communication is also possible.
Geographic Information System Market. Environmental Systems Research Institute (ESRI), Google, Microsoft, Super map Software Co. Ltd, Hexagon, Carto, GIS Cloud, Autodesk Inc., Auto Navi Software Co. Ltd, Bentley System Inc., International Business Machines (IBM) and Amazon.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.