Geographic Information System (GIS) Market 2019
Geographic Information System (GIS) is a computerized system that connects data with geography. Several decisions are taken using GIS, right from tracking a store’s location to predicting climate change and analyzing a crime pattern. GIS helps users to link the data with geographic location to gain spatial insights from the extracted data.The global GIS market is anticipated to reach USD 11.2 billion by 2025.
Some of the key factors propelling the growth of this market are:
rising adoption of GIS in infrastructure development
urban planning / urbanization
development of smart cities coupled with increasing location-based services
integration of geospatial technology with mainstream technologies for business intelligence and growing adoption of GIS solutions in transportation
The integration of GIS with IoT devices provides accurate data to users of geospatial data analysis. For instance, an IoT-enabled valve can be monitored from anywhere around the globe using geospatial data.
The global GIS market is broadly classified by Component/Type, Function, Device, Application, and Top Players/Brands. By component/type, the market is broadly classified into Hardware (GIS collectors, LIDARs etc.), Software, and Services.
By function, the market is split up into Mapping, Surveying, Telematics and Navigation, and Location-Based Services.
By device, the market is divided into Mobile and Desktop.
By application, the market is split up into:
Oil & Gas
To determine the market segment, the report covers the 15key players (along with key players’ sales, revenue, and market share) – to name a few:
Environmental Systems Research Institute, Inc. (ESRI)
Bentley Systems, Incorporated
Computer Aided Development Corporation Limited (Cadcorp)
The report studies the GIS market size, industry status and forecast, competitive landscape, and growth opportunity.
In the report, by region, the global GIS market is divided into United States, Europe, China, Japan, India, and South East Asia. Asia Pacific (India, China) is expected to be the fastest-growing region for the geographic information system (GIS) market due to infrastructure (high ways, roads) development, urban planning, and smart city development program
The demand for location-based services, such as real-time status and control of a valve, has been on a rising curve around the globe. GIS collectors (used for collecting data related to shop floors or fields) held the largest share of the overall market in 2016. The growing adoption of GIS in surveying and mapping by several regions is anticipated to drive the market growth. Desktop held the highest market share in 2017 and will continue to grow. The construction segment is expected to register a high CAGR of 11.2% over the projected period. The Transportation segment will maintain its leadership status during the forecast period.
Moreover, the growing awareness among private companies regarding the benefits of GIS, for e.g. improved productivity, optimization of processes, etc. have resulted in the technology’s increased demand.
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