Geographic information System Market (GIS) Geographic Information System Market worth $14.5 | Page 8

Summary
The global geographic information systems (GIS) market size is expected 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.
Development of smart cities and urbanization, integration of geospatial technology with
mainstream technologies for business intelligence, growing investments in modern GIS
solutions, and increasing accessibility of spatial data and cloud technology are some of the
major factors driving the growth of the GIS market.
The GIS industry for the agriculture industry is expected to grow at the highest CAGR during
the forecast period. GIS solutions help farmers to achieve increased productivity and reduced
costs by enabling better management of land resources. GIS can reduce the risk of
marginalization and vulnerability of small and marginal farmers globally. Furthermore, there is
a considerable demand for GIS in the agriculture industry for livestock monitoring, crop
management, and the monitoring and management of soil and the irrigation of farmlands. The
growth of the global agriculture sector, coupled with the increasing penetration of technology
in the field, is expected to drive the growth of the GIS market.