South & Central America Geographic Information System Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.

The South & Central America geographic information system market size is expected to reach US$ 634.79 million by 2031 from US$ 441.69 million in 2023. The market is estimated to record a CAGR of 4.6% from 2023 to 2031.

Executive Summary and South & Central America Geographic Information System Market Analysis:

The SAM geographic information system market is segmented into Brazil, Argentina, and the Rest of SAM. South America has been experiencing significant growth in its industrial and infrastructure sectors. The rising construction and development of commercial buildings in the region are creating the need for geographic information systems. Governments of several countries in the region are focusing on the development of commercial buildings. For instance, according to Chile's National Construction Association, the Cámara Chilena de la Construcción is supporting the government's estimated US$ 26 billion planned jump-start the industry in 2021. The plan, called the Paso a Paso Chile se Recupera (the Employment and Reactivation Plan), foresees an investment of US$ 13 billion and US$ 13 billion in infrastructure and housing, respectively. According to the International Association of Oil & Gas Producers, the total energy supply in South America was 26,912,417 terajoule (TJ) in 2021. Industries involved in resource extraction often operate in challenging environments, such as offshore oil rigs or remote mining sites, where rugged servers are necessary to ensure continuous data processing and communication. In the oil and gas industry, managing a vast array of assets, such as pipelines, wells, and storage facilities, is crucial. GIS provides a comprehensive platform for storing, categorizing, and visualizing the location of these assets. GIS can help track pipeline routes, identify potential hazards, and optimize maintenance schedules, ultimately enhancing operational efficiency and safety. Therefore, the growth of the construction and oil and gas industries is driving the geographic information system market in the region.

South & Central America Geographic Information System Market Strategic Insights

Get more information on this report Request Free Sample PDF

South & Central America Geographic Information System Market Segmentation Analysis

Key segments that contributed to the derivation of the South & Central America geographic information system market analysis are component, function, and end user.

• Based on component, the South & Central America geographic information system market is segmented into hardware, software, and services. The software held the largest share of the market in 2023.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 South & Central America geographic information system market is segmented into mapping, surveying, telematics and navigation, and location-based services. The mapping held the largest share of the market in 2023.
• Based on end user, the South & Central America geographic information system market is segmented into agriculture, oil and gas, construction, mining, transportation, energy and power, and others. The transportation held the largest share of the market in 2023.

South & Central America Geographic Information System Market Outlook

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 the 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.

South & Central America Geographic Information System Market Country Insights

Based on country, the South & Central America geographic information system market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.

Brazil has one of the world's most prosperous construction industries. The country is also witnessing significant growth in the construction industry owing to rapid industrialization. The growing number of residential and commercial projects in Brazil is creating various investment opportunities for construction companies. Further, several housing constructions started in 2021, including multi-family housing construction projects such as the Jundiai Reserva Alta Vista Residential Complex (US$ 50 million), Nex One Alto da Boa Vista Residential Complex (US$ 30 million), Itapema Shard Tower Residential Complex (US$ 30 million), Indianapolis Ibira Mixed-Use Complex (US$ 28 million), and Living Ipiranga Residential Complex (US$ 26 million). The rising construction and development of commercial and residential buildings in the region are creating the need for geographic information systems.

According to N.S., Brazil's wind power capacity reached 15.5 gigawatts (GW) in 2022, making it South America's top wind power producer. Wind energy still only ranks fourth in the country's energy mix—delivering 8% of its 162.5GW renewable power output. Furthermore, by 2025, Brazil will generate 69% (31.6GW) of Latin America's total installed wind capacity and become the region's leader in turbine manufacturing and supply chain assembly. Therefore, the growing energy requirement is contributing to the increasing demand for geographic information systems in the country.

South & Central America Geographic Information System Market Report Highlights

South & Central America Geographic Information System Market Company Profiles

Some of the key players operating in the market include 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. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Geographic Information System Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

South & Central America Geographic Information System Market Country and Regional Insights