PRESS RELEASE
Published September 12, 2023
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 (GIS) 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.
Industry Definition and Application:
The geographic information system (GIS) represents a technique that manages, gathers, and examines the data related to various positions on the surface of the earth. It relies on integrated formats, such as cartographic, digital, and photographic data, to offer a more practical understanding of topographical information. GIS is extensively utilized for rerouting design, mapping, landslide hazard zonation, accident analysis, disaster management, mitigation, transportation planning, environmental impact surveys, and navigation. This technique finds widespread applications across several sectors, including agriculture, mining, construction, utilities, oil and gas, etc.
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Europe Geographic Information System (GIS) Market Trends:
The rising utilization of GIS in zoning, utility mapping, and land use and transportation planning represents one of the key factors stimulating the market growth. Additionally, the increasing digital transformation in Europe is influencing the need for geospatial data analysis and visualization positively. Apart from this, the widespread adoption of GIS in monitoring environmental changes, predicting outcomes, and planning responses is catalyzing its demand in the region. Furthermore, the increasing construction activities of new buildings and the upgradation of the existing infrastructure projects in the transportation, energy, and utilities sectors are driving the demand for GIS in the construction industry for planning, implementation, and maintenance. Moreover, the integration of GIS with advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and drones is expanding its application areas. Besides this, the increasing availability of open-source and real-time geospatial data is making GIS more accessible and useful and contributing to the market growth in Europe. Looking forward, the market value is projected to reach US$ 3.9 Billion by 2028, expanding at a CAGR of 7.2% during 2023-2028.
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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:
Breakup by Function:
- Mapping
- Surveying
- Telematics and Navigation
- Location-Based Services
Breakup by Device:
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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