At 6.1% CAGR, the Middle East & Africa Geographic Information System Market is Projected to be Worth US$ 925.35 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa geographic information system market was valued at US$ 575.23 in 2023 and is expected to reach US$ 925.35 million by 2031, registering a CAGR of 6.1% from 2023 to 2031. Launch of AI, Gen AI, and augmented reality-based GIS solutions and rising adoption of GIS solutions in agriculture sector are among the critical factors attributed to the Middle East & Africa geographic information system market expansion.

Several key players are developing and launching AI, Gen AI, and augmented reality technology-based GIS solutions for spatial data visualization and analysis. For instance, in January 2024, Deloitte launched Geospatial with AI-integrated Platform for Scenario Planning and Monitoring, powered by Google Earth integrations, Google Earth Engine, and Generative AI technology from Vertex AI. Deloitte's platform helps clients leverage AI and geospatial data to mitigate the impacts of climate change.

In 2023, leading IT companies are integrating Gen AI into their business to boost their productivity and optimize overall efficiency. Gen AI-based GIS offers several benefits, such as location-based intelligence, generating a map of the company's assets, identifying the most promising real estate opportunities, and locating areas of target demographics. Therefore, the launch of AI, Gen AI, and augmented reality-based GIS solutions is expected to bring new trends in the market in the coming years.

On the contrary, high cost associated with GIS solutions hampers the growth of Middle East & Africa geographic information system market.

Based on component, the Middle East & Africa geographic information system market is segmented into hardware, software, and services. The software segment held 62.3% share of the Middle East & Africa geographic information system market in 2023, amassing US$ 358.55 million. It is projected to garner US$ 623.41 million by 2031 to expand at 7.2% CAGR during 2023–2031. The hardware segment is further sub segmented into GIS collectors, imaging sensors, LIDAR, total stations, and GNSS or GPS antennas. The software segment is further sub segmented into desktop GIS, server GIS, developer GIS, mobile GIS, and remote sensing software.

Based on function, the Middle East & Africa geographic information system market is segmented into mapping, surveying, telematics and navigation, and location-based services. The mapping segment held 45.8% share of the Middle East & Africa geographic information system market in 2023, amassing US$ 263.30 million. It is projected to garner US$ 386.55 million by 2031 to expand at 4.9% CAGR during 2023–2031.

Based on end user, the Middle East & Africa geographic information system market is segmented into agriculture, oil and gas, construction, mining, transportation, energy and power, and others. The transportation segment held 21.7% of the Middle East & Africa geographic information system market in 2023, amassing US$ 125.01 million. It is projected to garner US$ 228.78 million by 2031 to expand at 7.8% CAGR during 2023–2031.

Based on country, the Middle East & Africa geographic information system market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. The UAE held 43.3% share of Middle East & Africa geographic information system market in 2023, amassing US$ 248.87 million. It is projected to garner US$ 439.41 million by 2031 to expand at 7.4% CAGR during 2023–2031.

Key players operating in the geographic information system market are Autodesk Inc; Topcon Corp; Caliper Corp; SuperMap Software Co Ltd; Hi-Target; Precisely; Maxar Technologies Inc; Trimble Inc; AmigoCloud Inc; Bentley Systems Inc; Hexagon AB; Cadcorp Limited; Spatialworks Sdn Bhd.; Environmental Systems Research Institute, Inc.; Blue Marble Geographics; TomTom International B.V.; FARO Technologies Inc; L3Harris Technologies Inc; Başarsoft Bilgi Teknolojileri A.Ş.; and Carto, among others.

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