NEW YORK, Jan. 9, 2025 -- Report on how AI is driving market transformation - The global gis in utility industry market size is estimated to grow by USD 3.55 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 19.8% during the forecast period. Increased adoption of GIS solutions in utility industry is driving market growth, with a trend towards increased use of GIS for water management. However, threat from open-source gis software poses a challenge. Key market players include AABSyS IT Pvt. Ltd., Autodesk Inc., Avineon Inc., Bentley Systems Inc., Blue Marble Geographics, Cadcorp Ltd., Caliper Corp., Environmental Systems Research Institute Inc., General Electric Co., Hexagon AB, Mapbox Inc., Maxar Technologies Inc., Mobile GIS Services Ltd., NV5 Global Inc., Orbital Insight Inc., Pitney Bowes Inc., Schneider Electric SE, SuperMap Software Co. Ltd., Trimble Inc., and VertiGIS Ltd..
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GIS In Utility Industry Market Scope | |
Report Coverage | Details |
Base year | 2024 |
Historic period | 2019 - 2023 |
Forecast period | 2025-2029 |
Growth momentum & CAGR | Accelerate at a CAGR of 19.8% |
Market growth 2025-2029 | USD 3553.4 million |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 16.8 |
Regional analysis | North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution | North America at 37% |
Key countries | US, China, Canada, Japan, Germany, Russia, India, Brazil, France, and UAE |
Key companies profiled | AABSyS IT Pvt. Ltd., Autodesk Inc., Avineon Inc., Bentley Systems Inc., Blue Marble Geographics, Cadcorp Ltd., Caliper Corp., Environmental Systems Research Institute Inc., General Electric Co., Hexagon AB, Mapbox Inc., Maxar Technologies Inc., Mobile GIS Services Ltd., NV5 Global Inc., Orbital Insight Inc., Pitney Bowes Inc., Schneider Electric SE, SuperMap Software Co. Ltd., Trimble Inc., and VertiGIS Ltd. |
Market Driver
The utility industry is embracing Geographic Information System (GIS) technology to enhance operations and improve customer experience. Trends like Spatial Context, Site Selection, and Land Acquisition are key areas where GIS solutions are making a difference. In Utility Planning and Designing, GIS enables better Visualization and Building of infrastructure. Smart Cities and Urban Planning rely on Geospatial Data from Satellite Imaging, Aerial
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