Geographic Information System Market By 2024 Top Key Players: Pitney Bowes, Environmental Systems Research Institute, Macdonald and Company, SuperMap, Dettwiler and Associates, Pasco Corporation

Market Overview: -
Geographic Information System (GIS) Market is set to grow owing to rising urbanization and the development of smart cities. The integration of the geospatial technology is driven by the demand for the building surveillance in the smart cities which helps in maintaining the upkeep of the building by looking after the security or sanitation needs. In addition, it also helps in effective land management due to its ability to deliver valuable information associated with the land registration details, vacant land area, and mining activities.

The growing demand for location analytics will offer growth avenues for the GIS market. This is due to rising demand to obtain insights from location-based or geographic data by integrating the conventional data with the spatial data that helps in identifying and evaluating data as well as activities. Traditionally, the technology was utilized as a map-based system but now it is being utilized to offer a full system of insights to help the businesses obtain full awareness of their businesses, which will drive the GIS market. In addition, the demand for location analytics is growing among businesses owing to the growing need for improvised operational efficiency, better decision-making techniques. High initial cost associated with the implementation of the software along with lack of awareness about the advantage of using the technology in business is expected to limit the GIS market growth.

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Top Key Players: -
Some of the key players in the geographic information system market include Pitney Bowes Inc., Environmental Systems Research Institute Inc. (ESRI), Macdonald and Company, SuperMap, Dettwiler and Associates Ltd., Pasco Corporation, Bentley Systems Incorporated, Ubisense Group Plc., Schneider Electric SE, and Autodesk Inc.
Market share calculation in this report is not done based on companies covered in it. The calculation of geographic information system market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -
The Asia Pacific GIS market is expected to witness the highest growth owing to the rising penetration of GIS solutions in verticals such as government, utility and waste and water management. Increasing investments in the smart city projects which uses the surveying and mapping capabilities of the technology coupled with rising urbanization in countries such as China, India, Singapore, etc. will provide growth opportunities for the GIS market.

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Availability of real-time location data analysis coupled with the evolution of IoT, will offer significant growth opportunities to the GIS market. The constant technological advancements and the presence of large number of technology vendors provide growth impetus. The potential is anticipated to grow owing to increasing demand for mapping visualization and geographic intelligence involving general mapping and spatial analytical capabilities. In addition, features such as map filtering, bidirectional interaction, geoprocessing in spatial analysis whereas imagery, consumer data, other geographic information such as demographics, weather, environment are included in the geographic information enrichment.

The technology can be delivered in the market through on-premise and cloud models. Large enterprises are deploying on-premise models as they want to have a control over their data and SMEs are inclined toward the cloud model due to its cost benefits and flexibility. Cloud model features will make the market more attractive over the forecast period and ensure that the products stay relevant. Thus, vendors offering MPS are collaborating with cloud providers to deliver their products to customers. The majority of the market revenue comes from IT & telecom, BFSI, healthcare, retail, manufacturing, and education industries.

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