According to a new market research report published by Credence Research “Geographic Information Systems (GIS) Market (Component – Hardware, Software, Data, and Services) – Growth, Future Prospects, Competitive Analysis and Forecast 2016 – 2024”, the global geographic information systems (GIS) market stood at US$ 8.4 Bn in 2015 and is estimated to expand with a CAGR of 12.7% from 2016 to 2024.
Market Insights
The geographic information systems (GIS) market is primarily driven by the increasing need to achieve enhanced efficiency and accuracy in various infrastructure and utility planning. Numerous government bodies in the developed countries seek to make use of the geographic information systems (GIS) in order to assess existing infrastructure and plan future projects accordingly. Apart from applications in the public sector, geographic information systems (GIS) have found numerous applications in the private domain. Organizations from various end-use industries such as oil and gas, telecommunication, engineering and business services, transportation and logistics, among others have adopted geographic information systems (GIS). With the use of geo-spatial data, organizations are able to solve specific issues related to their businesses. Moreover, maintenance of geo-spatial data has enabled organizations to analyze and compare outcomes of various business activities at specific locations periodically. Thereby, the geographic information systems (GIS) are expected witness higher adoption in the following years.
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The complete report is available at https://www.credenceresearch.com/report/geographic-information-systems-gis-market
Despite numerous benefits of geographic information systems (GIS), various organizations have failed to deploy these systems due to various reasons such as high costs, lack of technological awareness, and inaccuracy of legacy systems. However, technological advancement in image capturing and scanning has led to the rise of highly accurate systems providing precise geo-spatial data. Moreover, with numerous companies offering consultation and implementation services, increasing number of organizations are expected to adopt geographic information systems (GIS) in the following years. Thereby, the geographic information systems (GIS) market is expected to witness significant growth during the forecast period.
Competitive Insights:
The geographic information systems (GIS) market is highly competitive in various markets across the world. The geographic information systems (GIS) market includes numerous providers in the geographic information ecosystem including hardware providers, GIS software providers, geo-spatial data providers; and implementation and consulting service providers. Most of the leading companies in the geographic information systems (GIS) market have achieved significant share in their respective home markets. However, increasing demand from developing countries towards effective infrastructure and township planning offers numerous growth opportunities for players in the geographic information systems (GIS) market.
Key Trends:
- Increasing usage of advanced geographic data capturing techniques such as images from unmanned aerial vehicles (UAVs), 3D scanners, and precise satellite positioning using GNSS
- Rise in the number of service providers which make use of third party geographic information systems (GIS) and geo-spatial data to help other organizations in planning and commissioning
- Increasing investments towards research and development of advanced geographic information systems (GIS) to ensure higher accuracy and usability of geo-spatial data
ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Geographic Information Systems (GIS) Market
2.2 Global Geographic Information Systems (GIS) Market, By Component
2.3 Global Geographic Information Systems (GIS) Market, By End-use Industry
2.4 Global Geographic Information Systems (GIS) Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Geographic Information Systems (GIS) Market Revenue, 2014 – 2024, (US$ Mn)
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Growth Inhibitors
3.2.3 Impact Analysis of Market Drivers and Restraints
3.3 Attractive Investment Proposition
Chapter 4 Market Inclination Insights: Geographic Information Systems (GIS) Market
4.1 Overview
4.1.1 Evolution of Geographic Information Systems (GIS)
4.1.2 Key Trends Analysis
Chapter 5 Global Geographic Information Systems (GIS) Market Analysis, By Component
5.1 Market Analysis
5.2 Hardware
5.3 Software
5.4 Data
5.5 Services
……………………toc continued
The complete report is available at https://www.credenceresearch.com/report/geographic-information-systems-gis-market
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“Modern GIS technologies use digital information, for which various digitized data creation methods are used. The most common method of data creation is digitization, where a hard copy map or survey plan is transferred into a digital medium through the use of a CAD program, and geo-referencing capabilities. With the wide availability of ortho-rectified imagery (from satellites, aircraft, Helikites and UAVs), heads-up digitizing is becoming the main avenue through which geographic data is extracted. Heads-up digitizing involves the tracing of geographic data directly on top of the aerial imagery instead of by the traditional method of tracing the geographic form on a separate digitizing tablet (heads-down digitizing).
Relating information from different sources
GIS uses spatio-temporal (space-time) location as the key index variable for all other information. Just as a relational database containing text or numbers can relate many different tables using common key index variables, GIS can relate otherwise unrelated information by using location as the key index variable. The key is the location and/or extent in space-time. Any variable that can be located spatially, and increasingly also temporally, can be referenced using a GIS. Locations or extents in Earth space–time may be recorded as dates/times of occurrence, and x, y, and z coordinates representing, longitude, latitude, and elevation, respectively. These GIS coordinates may represent other quantified systems of temporo-spatial reference (for example, film frame number, stream gage station, highway mile-marker, surveyor benchmark, building address, street intersection, entrance gate, water depth sounding, POS or CAD drawing origin/units). Units applied to recorded temporal-spatial data can vary widely (even when using exactly the same data, see map projections), but all Earth-based spatial–temporal location and extent references should, ideally, be relatable to one another and ultimately to a “real” physical location or extent in space–time. Related by accurate spatial information, an incredible variety of real-world and projected past or future data can be analyzed, interpreted and represented. This key characteristic of GIS has begun to open new avenues of scientific inquiry into behaviors and patterns of real-world information that previously had not been systematically correlated.–Wikipedia“
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