The global Geographic Information System market size is projected to grow from USD 8.1 billion in 2020 to USD 14.5 billion by 2025 at a CAGR of 12.4% from 2020 to 2025. The growth of the geographic information system market is driven by the development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and increasing adoption of geographic information systems in the transportation sector. This market offers several opportunities for existing and entry-level companies to enable them to expand their businesses.
In 2019, the geographic information system market was dominated by Hexagon AB, Pitney Bowes Inc., Bentley SystemIncorporated, Environmental Systems Research Institute, Inc. (Esri), and General Electric Co. A few of the key strategies executed by these players to compete in the GIS Software market include product launches, partnerships, collaborations, and agreements. A significant number of acquisitions& mergers were also undertaken during this period.
Hexagon AB is a leading global provider of geospatial technologies for industrial and enterprise applications. The company focuses on delivering precision measuring technologies. It operates through two segments, namely, Geospatial Enterprise Solutions (GES) and Industrial Enterprise Solutions (IES). The Geospatial Enterprise Solutions segment is further divided into geosystems, safety and infrastructure, and positioning intelligence. The company, through its Geospatial Enterprise Solutions segment, offers various software and hardware solutions related to GIS software. The GES segment offers sensors for capturing data from land and air as well as sensors for positioning via satellites. It also provides Best GIS software for the creation of 3D maps and models for applications such as surveying, construction, public safety, and agriculture.
August 2019 – Hexagon transformed and positioned itself as an information technology company.
October 2021- Hexagon’s Geospatial division, a world leader in location intelligence solutions, launched Power Portfolio 2020, the latest version of its leading photogrammetry, remote sensing, GIS and cartography products.
Pitney Bowes Inc.is a leading provider of customer information management, location intelligence, shipping and mailing, and e-commerce solutions. It operates through three segments, namely, Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions. The company, through its Small and Medium Business Solutions segment, offers equipment, software, and services for digital mailing. The company’s Enterprise Business Solutions segment includes equipment and services that enable large enterprises to process inbound and outbound e-mails.
May 2018- Pitney Bowes Re-engineered Desktop Mapping and Location Intelligence to Power Innovation.
Bentley Systems, Incorporated is a leading provider of software solutions for infrastructure design, construction, and operations. The company offers software solutions for structural, architectural, electrical, and mechanical engineering applications. The company’s Asset Performance software solutions include Bentley Map, Bentley Map PowerView, Bentley Map Enterprise, and Bentley Map Mobile. Additionally, it offers solution implementation, on-boarding, change management, consulting, and on-premise managed services.
January 2020 –Bentley Systems, Geopath, and HERE Technologies, a global leader in mapping and location platform services, announced a partnership that is expected to create deeper market insights for out-of-home (OOH) and digital out-of-home (DOOH).
May 2019- Bentley Systems announced the acquisition of Keynetix, a provider of Geotechnical Data Management Cloud Services.