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GIS in Utility Industry Market to grow by USD 3.55 billion (2025-2029), driven by increased GIS adoption in utilities, AI-powered market insights – Technavio

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — 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..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

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 Photography, and Remote Sensors for effective decision-making. GIS software and Digital Reality Solutions like Building Information Modeling, Augmented Reality (AR), and 4D GIS software are transforming Utility Industry projects. GIS solutions are essential for Grid Modernization, Water Management, and Transportation applications. Startups and Software Solutions are revolutionizing the Geospatial Industry with innovative hardware and enterprise solutions. Geospatial technology is crucial for Infrastructure Management, Public Safety, Natural Resources, and Defense Industries. GIS is vital for Agriculture, Mining, and Smart City projects. Modern GIS solutions offer licensing, permitting, and digital asset solutions to streamline business processes like Enterprise Resource Planning, Customer Relationship Management, and Business Process Management. Geospatial data barriers are being addressed with advanced GIS tools, making data accessible for Utilities, Water, Electric, and Gas customers. 

GIS plays a significant role in the utility industry, particularly in water management and agriculture. For water management, GIS provides tools for assessing and managing water resources through simulation models. These models aid in making informed decisions regarding water flow rate, turbidity, pH, oxygen levels, and bacteria content. In agriculture, GIS enhances precision by offering detailed spatial data on soil moisture, crop health, and irrigation needs. This information enables farmers to optimize water usage effectively. Additionally, GIS facilitates groundwater management by mapping aquifer locations and monitoring recharge rates, which is essential in water-scarce regions. GIS solutions help identify leakages and manage pressure, ensuring efficient water usage in utility networks. 

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 Market Challenges

•         The utility industry is embracing Geographic Information Systems (GIS) to tackle various challenges in Spatial Context, Site Selection, Land Acquisition, Planning, Designing, Visualizing, Building, Project Management, and more. GIS solutions are essential for Smart Cities and Urban Planning, enabling the use of Geospatial Data from Satellite Imaging, Aerial Photography, and Remote Sensors. AI, Sensors, and Digital Reality Solutions are transforming Utility Industry with Building Information Modeling, Augmented Reality (AR), and 4D GIS software. GIS plays a crucial role in Water Management, Mapping Systems, Grid Modernization, Transportation, and Infrastructure Management. Startups and Software Solutions are revolutionizing the Geospatial Industry with Enterprise Solutions, ERP, CRM, and BPM. Transport, Public Safety, Natural Resources, Defense Industries, Agriculture, and Mining are also benefiting from modern GIS solutions. However, Geospatial Data Barriers, Licensing, Permitting, and Infrastructure Management remain significant challenges. Investments in modern GIS solutions are essential to overcome these hurdles and provide Smart Utilities, Green Buildings, and Smart Urban Planning.

•         Open-source GIS software has gained significant traction in the utility industry market, particularly in emerging economies like China and India. Small and medium-sized enterprises (SMEs) in these countries, which constitute a large portion of the market, are unable to afford the high cost of commercial GIS software. Consequently, they have turned to open-source alternatives. Even large companies are increasingly opting for open-source software as part of their cost-cutting measures. In the Asia Pacific region, where software products frequently change, open-source GIS software is a popular choice among companies. This shift towards open-source software poses a challenge to the sales and pricing strategies of commercial GIS software providers.

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Segment Overview 

This gis in utility industry market report extensively covers market segmentation by  

Product 1.1 Software1.2 Data1.3 ServicesDeployment 2.1 On-premises2.2 CloudGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Software-  The global GIS market in the utility industry encompasses a range of software solutions designed to cater to the unique requirements of utility companies, including electricity, gas, water, and telecommunications providers. The software segment includes Geographic Information System (GIS) Software, Asset Management Software, Network Design and Planning Software, Field Service Management Software, and Mobile GIS Applications. GIS Software serves as the foundation for managing and analyzing geographical data, enabling utility firms to store, manipulate, analyze, and visualize maps, satellite imagery, and aerial photos. Asset Management Software helps track and manage physical assets, such as transformers, poles, pipes, and meters, by connecting to GIS platforms for a comprehensive view of asset data alongside geographic information. Network Design and Planning Software assists utility firms in organizing and planning their infrastructure, using GIS data to identify the most effective locations and routes for infrastructure components. Field Service Management Software streamlines field operations by managing service requests, dispatching technicians, and monitoring work orders, with real-time visibility of field activities based on location. Mobile GIS Applications provide utility personnel with access to geospatial data on smartphones or tablets, enabling them to view asset data, gather field data, and perform inspections locally. The software segment’s growth is driven by the increasing need for efficient infrastructure management, regulatory compliance, and the integration of advanced technologies like IoT and AI. The ongoing digital transformation in the utility sector and the adoption of smart grid and smart city concepts are expected to fuel the growth of the software segment in the global GIS market in utility industry during the forecast period.

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Research Analysis

The utility industry is increasingly embracing Geospatial technology to enhance efficiency, improve decision-making, and promote sustainable development. Spatial context plays a crucial role in site selection and land acquisition for utility projects. Geospatial technology aids in planning and designing, allowing for visualization of projects in 3D using Building Information Modeling (BIM) and Augmented Reality (AR). In the utility industry, Geospatial technology is essential for water management, mapping systems, and grid modernization. Smart Cities are leveraging these technologies for transportation planning, green buildings, and smart urban planning. Geospatial industry solutions include software and hardware offerings from startups and established companies. Geospatial technology is revolutionizing utility infrastructure planning with smart city planning, land use management, and smart infrastructure planning. Geospatial technology is also transforming utility operations with smart utilities, enabling real-time monitoring and predictive maintenance. Overall, Geospatial technology is a game-changer for the utility industry, driving innovation and sustainability.

Market Research Overview

The utility industry is leveraging Geographic Information Systems (GIS) to enhance operational efficiency and improve customer service. GIS technology provides a spatial context for site selection, land acquisition, planning, designing, visualizing, building, and project management in the utility industry. Geospatial data from satellite imaging, aerial photography, remote sensors, and artificial intelligence (AI) are used for water management, mapping systems, grid modernization, and transportation applications. GIS solutions enable smart city planning, urban planning, green buildings, and smart urban planning. Startups and software solutions offer 4D GIS software, augmented reality (AR) platforms, and digital reality solutions for enterprise applications, including Enterprise Resource Planning, Customer Relationship Management, and Business Process Management. GIS technology is also used in surveying, construction, public safety, natural resources, transportation, defense industries, agriculture, mining, and smart city projects. Licensing and permitting processes are streamlined with modern GIS solutions, enabling infrastructure management and digital asset solutions for water, electric, and gas utility customers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSoftwareDataServicesDeploymentOn-premisesCloudGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TiTE x IHT 2026: The Definitive Hub for Taiwan’s Hardware Manufacturing Excellence

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May 6, 2026

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TAICHUNG, May 6, 2026 /PRNewswire/ — When sourcing from Taiwan, location is the ultimate strategic advantage. Don’t be misled by smaller, general trade shows held in city centers like Taipei. To truly connect with the source, you must go where the products are born. TiTE x IHT (Oct 20-22, 2026) in Taichung is the undisputed largest and most vital hardware industrial expo on the island. Hosted directly in the heart of Taiwan’s precision manufacturing cluster, this event features 1,000+ booths and 500+ top-tier manufacturers, offering a scale and industrial depth that no other exhibition can replicate.

Why Global Buyers Choose the Taichung Source Over Urban Trade Shows:

The Revolutionary “Exhibition as Factory” Model: Taichung is the global epicenter for hardware, home to 70% of Taiwan’s industry output. Our unique location enables the “30-Minute Sourcing Circle.” This allows you to verify high-end samples on the show floor in the morning and audit world-class production lines by the afternoon. By eliminating the travel gap between the booth and the factory, we reduce traditional procurement cycles from weeks to hours, providing unmatched transparency for R&D, capacity assessment, and quality control.ESG & CBAM Compliance for Western Markets: As the EU’s Carbon Border Adjustment Mechanism (CBAM) and global ESG mandates reshape trade, our exhibitors are already ahead of the curve. Discover CBAM-ready solutions and green manufacturing processes specifically designed to meet the strict sustainability requirements of the European and American markets. We provide more than just tools; we provide carbon-footprint-managed resilience for your brand.AI-Driven Smart Manufacturing: Address global labor shortages and rising costs with Taiwan’s latest innovations. The 2026 expo focuses on “AI Empowerment,” showcasing collaborative robotics, automated digital inspection, and data-driven supply chain management. These technologies ensure lead-time stability and high-precision consistency for premium global brand owners.Direct Sourcing & Global Matchmaking: Skip the middlemen and trading agencies. Our “Global Buyer Day” offers exclusive, pre-arranged matchmaking with the actual OEMs/ODMs. This is the primary decision-making platform for major distributors seeking resilient, direct-to-factory partnerships that guarantee the best pricing and priority production slots.

Experience the synergy of smart manufacturing and global trade. Stop at the source—where the world’s hardware is actually built. Secure your competitive edge in the true heart of the industry.

【TiTE x IHT】

Date: October 20-22, 2026Venue: TICEC, Taichung, TaiwanRegister Now: https://accu.ps/g8MZ1SHousing Subsidy: https://forms.gle/34VHVxSrEw7g8GxDAOfficial Website: https://www.hardwareexpotw.com

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SOURCE TiTE x IHT

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KIST Accelerates U.S. Expansion of Quantum Deep-Tech Startups Through SelectUSA 2026

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2 hours ago

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May 6, 2026

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SEOUL, South Korea, May 5, 2026 /PRNewswire/ — The Korea Institute of Science and Technology (KIST) President Oh Sang-rok announced that it will participate in the SelectUSA Investment Summit 2026 as part of a Korean delegation, together with quantum technology startups supported by the Ministry of SMEs and Startups under the Deeptech Project (DIPS).

The initiative, supported by South Korea’s Ministry of SMEs and Startups (MSS), is part of the government’s “Deeptech Incubator Project for Startups” (DIPS) initiative, which aims to nurture globally competitive deep-tech ventures.

KIST, which serves as the lead institution for the quantum technology sector under the program, said it will oversee the global commercialization efforts of participating firms. In particular, the “Global Bridge Program,” jointly developed with the U.S. Embassy in Korea in September 2025, is an official program designed to generate tangible overseas expansion outcomes by linking investment attraction with local market entry through diplomatic channels.

Organized by the U.S. Department of Commerce, the SelectUSA Investment Summit is the largest investment promotion event in the US, connecting international startups with venture capital firms, corporate investors and state-level economic development agencies.

It serves as an execution-oriented platform that extends to investment, corporate establishment, site selection, and tax incentives, and is considered a key entry gateway for deep-tech companies, including those in quantum technology.

KIST said participation in the summit is particularly significant for deep-tech sectors such as quantum technology, where access to the US innovation ecosystem is seen as key to growth.

The program is conducted in two stages. From April 30 to May 1, companies took part in a spin-off program hosted by the State of Maryland, which included visits to research institutions and tours of the regional quantum technology ecosystem.

During this period, the delegation also conducted localized activities with the Maryland state government and its economic development agencies, focusing on investment attraction, corporate collaboration, and joint R&D. In addition, on May 5, the delegation held discussions with U.S. Department of Commerce Deputy Secretary William Kimmitt on potential areas of cooperation.

The delegation will also meet officials from Fairfax County Government to explore collaboration and investment opportunities.

The main summit, currently ongoing from May 3 to May 6, features exhibitions, pitching sessions and meetings with US state representatives, with participating firms expected to engage in discussions on investment and market entry.

The delegation is structured to encompass the entire quantum industry rather than a single technology domain.

The Korean delegation comprises five startups, alongside Kyung Hee University Department of Future Science & Technology Commercialization Policy and Entrepreneurship, with approximately 20 participants forming an integrated ecosystem that combines research institutes, academia, and startups, enabling a full-cycle support system from technology validation to commercialization and global expansion.

One of the firms, OptiQ-Labs, was selected for an official pitching session on May 4, where it presented its laser-based optical modules designed for ion-trap quantum computing systems.

This highly competitive program selects only around 100 companies from more than 20,000 applicants worldwide. If selected as the winner of the pitching session, the company will receive follow-up meetings with U.S. state governments and economic development agencies, access to global investor networks, support for local entity establishment, and connections to site selection and tax incentive programs.

Other participating companies include QUAD, which develops single-photon detection technology; SLEEX, focused on underwater sensing; Elixir (StatUp AI), which works on quantum-classical hybrid algorithms for healthcare; and SQK (QMEDIC), specializing in physics-based imaging solutions.

KIST Project Director, Kang Sunjoon, said, “This program represents a critical milestone for Korean quantum startups to directly connect with global investors and industry ecosystems. Via the DIPS program, we are actively promoting the global commercialization of quantum technologies.”

Through its participation in SelectUSA, KIST has established a package-type global expansion model that integrates technology validation, investment attraction, and U.S. market entry.

The summit serves as a turning point for South Korea’s quantum sector, enabling startups to move into the next phase of validation, investment, and overseas expansion.

For more information, visit https://eng.kist.re.kr/.

About KIST 

KIST was established in 1966 as the first government-funded research institute in South Korea. KIST now strives to solve national and social challenges and secure growth engines through leading and innovative research.

About Participating Quantum Startups

QUAD, led by Chief Executive Officer, Oh Byung-doo, develops quantum sensing technologies based on superconducting nanowire single-photon detectors (SNSPDs), offering high sensitivity and precision with applications spanning quantum communication, quantum computing, semiconductor inspection, and defense.

SLEEX is developing an advanced perception technology that combines quantum LiDAR and electric field sensing to overcome limitations of existing underwater sensors, particularly by eliminating blind zones within the 0–2 meter range, with strong potential in autonomous navigation, maritime security, and defense, with Lee Jeho at the helm as Chief Executive Officer.  (https://www.thesleex.com)

Elixir, headed by Chief Executive Officer Jang Jung-kwon, develops a drug discovery and biomarker analysis platform based on quantum-classical hybrid algorithms, targeting the precision medicine market through the integration of bioinformatics and quantum machine learning. (statupai.com)

SQK develops medical imaging AI based on quantum-physics constraints, addressing the hallucination issues of conventional AI by ensuring physical consistency in CT and MRI reconstruction. Under the leadership of Chief Executive Officer Kim Yoon-hak, SQK is improving reliability and reducing the need for re-scans in clinical settings. (www.sqkcloud.com)

View original content to download multimedia:https://www.prnewswire.com/news-releases/kist-accelerates-us-expansion-of-quantum-deep-tech-startups-through-selectusa-2026-302763636.html

SOURCE The Korea Institute of Science and Technology (KIST)

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Former Visa Asia Pacific Executive David Tay Joins YeahPay as Global Vice President

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May 6, 2026

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SINGAPORE, May 6, 2026 /PRNewswire/ — YeahPay, the international payment brand under YEAHKA (9923.HK), has appointed David Tay, a former senior executive at Visa Asia Pacific, as Global Vice President, tasking him with overseeing the strategic direction and product ecosystem development of YEAHKA’s overseas payment business. The appointment comes as global digital trade enters a new phase defined by ecosystem integration, with payment infrastructure undergoing a generational shift in acceleration.

David Tay, a Singaporean national, is a rising leader in the payments industry. During his career at Visa, David played a key role in driving business growth across multiple Southeast Asian markets, demonstrating early promise in commercial insight and innovation. He subsequently moved into Visa’s Innovation division, where he rose to serve as Head of Innovation, leading Visa Pacific’s product innovation and new business.

In that capacity, David led the commercialization of cutting-edge payment paradigms including Visa Flex Credential and Pay by Palm. He was also involved in the evaluation and governance of strategic partners across the region, accumulating deep expertise in collaborating with banks, fintechs, and large-scale enterprise merchants.

David’s track record spans the full go-to-market lifecycle, from concept to pilot to scale, as well as deep capabilities in cross-institutional partnerships and ecosystem development. His appointment comes at an inflection point for YEAHKA’s international expansion. According to YEAHKA’s 2025 annual report, its overseas business delivered full-year Gross Payment Volume (GPV) surpassing RMB 5 billion, representing a 323.3% year-on-year surge from RMB 1.1 billion in 2024.

View original content:https://www.prnewswire.com/apac/news-releases/former-visa-asia-pacific-executive-david-tay-joins-yeahpay-as-global-vice-president-302763652.html

SOURCE Yeahka

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