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Global GIS Market By Top Key Players 2019-2024: Schneider Electric, Pitney Bowes, MDA, Hitachi, Hexagon AB, Harris Corporation, GE, Esri, Bentley Systems, Autodesk, Geosoft Inc., Trimble, Inc., Topcon Positioning Systems

01-19-2019 06:18 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Geographic Information System (GIS) Market

Geographic Information System (GIS) Market

Globall GIS market is considerably thriving on the copious amount of geospatial information used by the government agencies for taking data-driven decisions on national & state welfare. The government sector is in fact seen increasingly investing in deploying GIS software across the military, defense, and aerospace for carrying out terrain analysis, crucial surveillance as well as reconnaissance operations, battle field management, and monitoring of possible activities of terrorism. According to a report compiled by Global Market Insights, Inc., the global GIS market is estimated to be pegged at USD 4 billion in 2017, and is projected to hit a remuneration portfolio of USD 9 billion by 2024, depicting a 12% growth rate over the timeframe.

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On account of the vast application and regional scope it comes as no surprise that the GIS market players are making rapid headways in reinforcing their global positions in unique ways. Recently, for instance, a GIS startup AmigoCloud has announced that it is on a mission to make satellite mapping easier. In order to make digital mapping available for everyone, the company has developed a unique cloud-based GIS app which can be downloaded from Google Play and Apple Store. The proliferations of such different start-ups and core industry players, is undeniably expected to propel the commercialization potential of GIS market in the ensuing years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. GE
2. Esri
3. Bentley Systems
4. Autodesk
5. Geosoft Inc.
6. Trimble, Inc.
7. Topcon Positioning Systems
8. Schneider Electric
9. Pitney Bowes
10. MDA
11. Hitachi
12. Hexagon AB
13. Harris Corporation

Global GIS Market in mapping application segment held 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.

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The North America GIS market held a major share of over 40% in 2017 and is projected to hold a significant market share by 2024 due to the increasing government-led initiatives contributing towards the growth and development of the region’s geospatial industry. For instance, in June 2018, the U.S. Air Force awarded a contract of USD 130 million to SpaceX for the launch of Air Force Space Command Satellite (AFSPC)-52 satellites in the late FY2020.

Another factor accelerating the market growth is the higher concentration of the GIS solution providers in the region. These players are offering the most powerful mapping and spatial data analytics technology and are dedicated to provides GIS professionals and surveyors with necessary tools and modern software to assist them in conducting surveys.

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.

Recently for instance, the Maharashtra (India) government has announced that it will be using the GIS mapping technology for identifying the illegal constructions in more than 170 major cities. According to the officials, there is no prevention nor any steps are generally taken to stop illegal construction. It is only after a building is constructed & people start residing, the issue is ranked up. The regional GIS market in this regard is thus gaining traction as the satellite mapping technology is expected to help the government monitor illegal construction at an early stage.

Browse key industry insights spread across 240 pages with 211 market data tables & 28 figures & charts from the report, Geographic Information System (GIS) Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/geographic-information-system-gis-market

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. 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.

GIS Market 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.

GIS market in telematics and navigation applications are expected to exhibit a growth rate of over 17% during the forecast timeline. With the growing number of connected cars, the vehicle-generated information such as the data related to braking systems and vehicle diagnostics plays an important role in delivering modern telematics and navigation solutions. As the navigational and telematics systems use data related to geoinformatics for tasks such positioning and vehicle & traffic management, the need for GIS software for assisting connected cars and autonomous vehicles is likely to increase significantly from 2018 to 2024.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: http://industry-source.org

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