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Geographic Information System (GIS) Market Share By Top Venders; GE, Esri, Bentley Systems, Autodesk, Geosoft Inc., Trimble, Inc., Topcon Positioning Systems, Schneider Electric, Pitney Bowes, MDA, Hitachi, Hexagon AB, Harris Corporation

02-19-2019 07:00 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Geographic Information System (GIS) Market

Geographic Information System (GIS) Market

Geographic Information System (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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Global geographic information system (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.

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

The hardware segment dominated the geographic information system (GIS) market with a share of around 55% in 2017 due to the large-scale adoption of GIS collectors and handheld devices equipped with high-resolution cameras and sensors to capture the spatial data. The data collectors enable organizations to capture geospatial data from varied sources which is then integrated and analyzed using GIS.

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Geographic Information System (GIS) Market size 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. 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.

Geographic information system 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.

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

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.

The North America geographic information system (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.

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. For instance, in March 2016, 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.

Top key players operating in the geographic information system (GIS) market are Bentley Systems, Supermap, Pasco Corporation, Autodesk, Schneider Electric, Pitney Bowes, ESRI, General Electric, Trimble, Hexagon, Topcon, MacDonald, Geoinfo, Geosoft, Harris Corporation, Hexagon, Hitachi Solutions, MDA Information Systems, and Unistrong.

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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.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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