Rise in adoption of GIS software for facilities management, integration with mainstream technologies for business intelligence, and demand for urban planning and smart cities development drive the growth of the India GIS software market.
However, availability of open source GIS software hinders the market growth. On the other hand, development of 4D GIS Software and implementation of advanced technologies such as VR, AR, and IoT for GIS present new opportunities in the coming years.
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Based on functions, the mapping segment held the largest share, accounting for more than one-third of the India GIS software market in 2018, and will maintain its lead position during the forecast period.
However, the navigation and telematics segment would register the fastest CAGR of 18.2% during the forecast period. This is due to offering of unique features in digital mapping that enable users to identify the location on the streets.
Based on end user, the transportation segment held the highest share based on revenue of the India GIS software market, contributing more than one-fifth of the total market share in 2018, and is estimated to continue its leadership status during the forecast period.
This is attributed to rise in adoption of location-based services along with wireless communication for gaining real-time traffic information. However, the agriculture segment would portray the highest CAGR of 18.6% from 2019 to 2026, owing to utilization of GIS tools and online web resources for farmers to conduct crop forecasting and manage agricultural production activities.
The key players profiled in the India GIS software market analysis are Autodesk, Bentley System, Caliper, ESRI, General Electric Co, Geosoft, Hexagon AB (Intergraph), Marvel Geospatial Solutions Private Limited., Pitney Bowes, and Trimble. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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2. India Geographic Information System (GIS) Software Market
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