Geographic Information System Market Growth Evolution By Top Companies: Autodesk, Bentley Systems, Esri, GE, Harris Corporation, Hexagon AB, Hitachi, MDA, Pitney Bowes, Schneider Electric, Topcon Positioning Systems, Trimble, Inc., Geosoft Inc.
Geographic Information System (GIS) Market was estimated at over USD 4 billion in 2017, and is set to exceed USD 9 billion by 2024. The penetration of remote sensing platforms and navigation and positioning technologies to capture the spatial data objects and associated attributes will lead to an increase in demand for GIS hardware components, including imaging sensors, cameras, and GNSS antennas.
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The data captured by these components need to be integrated and analyzed for predictive analysis which further help the organizations to make informed predictions about the future events. This will increase the demand for GIS solutions during the forecast timeline. Increasing investments in the smart cities have further accelerated the adoption of GIS software which acts a common platform to enable easy integration and coordination of different participants of the smart city ecosystem.
The GIS adoption in the agriculture segment is expected to grow at a CAGR of over 15% between 2018 to 2024 due to the increasing applications of drone technology. Drones are rapidly being used by the farmers to assess crop condition. As these collect vegetation and topography related information, the demand for GIS will increase during the forecast timeline.
The mapping application segment held majority of the geographic information system market share amounting to over 40% in 2017 due to the widespread adoption of the GIS software to integrate, manipulate and present the geospatial data and let the users to produce graphic display of information for analysis. GIS mapping software helps in mapping the position and any changes occurring in the areas and allow GIS professionals and surveyors to gain insights about changes that occur in the specific area.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Bentley Systems
5. Harris Corporation
6. Hexagon AB
9. Pitney Bowes
10. Schneider Electric
11. Topcon Positioning Systems
12. Trimble, Inc.
13. Geosoft Inc.
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GIS Market, By Component
o GIS Collectors
o GNSS Antenna
o Total Station
o Desktop GIS
o Web GIS
o Mobile GIS
o Training and Consulting
o Integration and Maintenance
o Managed Service
GIS Market, By Application
o Location-based Service
o Telematics and Navigation
The increasing penetration of the drone technology in sectors, such as defense, transportation agriculture, and urban planning is expected to drive the geographic information system market growth. the Indian Railways and ISRO signed an MoU for developing applications in the field of remote sensing and GIS. The MoU enables the use of space technologies and tools to provide passenger information for all trains, real-time train tracking and survey of rail route alignments in difficult terrains.
Asia Pacific geographic information system market is expected to grow at a CAGR of over 15% during the forecast timeline. The GIS market growth is attributed to the factors such as rising urbanization and development of smart cities and various efforts taken by the government agencies to strengthen spatial infrastructure of the satcom industry which further triggers the need to have more advanced GPS systems and navigation platforms to capture the location-based data. According to the government, the funding includes USD 15 million dedicated to partnering with international space agencies to enable Australian businesses to compete in global space economy.
Some of the key players operating in the geographic information system market are Autodesk, Bentley Systems, Cadcorp, Caliper Corporation, Esri, GE, Geoinfo A/S, Geosoft Inc., Harris Corporation, Hexagon AB, Hitachi, MDA, Pitney Bowes, Schneider Electric, SuperMap GIS, Topcon Positioning Systems, and Trimble, Inc.
Browse key industry insights spread across 240 pages with 211 market data tables & 28 figures & charts from the report, Geographic Information System (GIS) Market, Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
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