Share this article Share this article ResearchAndMarkets.com's offering. Global GIS Software in Agriculture market accounted for $1.60 billion in 2019 and is expected to reach $4.06 billion by 2027 growing at a CAGR of 12.4% during the forecast period. Growing need for precision farming and favourable government initiatives and investments are the major factors propelling market growth. However, high initial investment costs are hampering market growth. Geographic information system is sometimes called "geological information system". It is a specific and very important spatial information system. It is a technical system that manages, stores, estimates, analyzes, displays, and describes relevant geographical distribution data in the space of all or part of the earth's surface (including the atmosphere), supported by computer hardware and software systems.