Geographic Information System (GIS) Market - Key Players are Pitney Bowes Inc., Dettwiler and Associates Ltd., PASCO CORPORATION, SuperMap Software Co. Ltd., Ubisense Group Plc., Bentley Systems Incorporated, Schneider Electric SE and Autodesk Inc.

The global GIS market was valued at USD 6.3 billion in 2017 and is further expected to become USD 12.7 billion by 2024. This market is further expected to witness CAGR of 10.7% during the forecast period 2018 – 2024.

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Moreover, the GIS system is further facilitating the business enterprises to perform the task in an effective manner. The escalating number of SaaS based cloud computing systems along with an extensive number of users for mobile devices are the major factors that are pertaining to the growth of the GIS market.

The GIS market on the basis of the component is segmented into software, hardware, and services. Among all the components, the software segment holds the largest share and is expected to witness a CAGR of 9.2% during the forecast period. It has been observed that software-based GIS is extensively being utilized in spatial database management systems, data analysis, digital mapping and data processing.

Engineering and business services segment is expected to witness the highest CAGR of 11.9% during the forecast period. The growth of this segment is attributed towards extensive implementation of positioning technique in the construction sector across the globe.

Geographically, Asia-Pacific is expected to witness the fastest growth of 11.9% during the forecast period. The increasing investments undertaken by the government authorities in this region and the implementation of several economic reforms are expected to bolster the growth of GIS industry in this region. GIS technologies in this region are extensively being employed for rural and agricultural progression. Furthermore, implementation of GIS system in various countries such as India and China are expected to further fuel the growth of the Asia-Pacific market during the forecast period.

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Globally industry players are leveraging market growth through extensive application of GIS in various fields. Some of the major players operating in the global GIS market include Environmental Systems Research Institute Inc. (Esri), MacDonald and Company, Pitney Bowes Inc., Dettwiler and Associates Ltd., PASCO CORPORATION, SuperMap Software Co. Ltd., Ubisense Group Plc., Bentley Systems Incorporated, Schneider Electric SE and Autodesk Inc.

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