Geographic Information System (GIS) Market To Expand CAGR of 10.35% By 2025 | Pitney Bowes, Bentley Systems, Autodesk, Trimble, Hexagon AB, Caliper, ESRI, Hi-Target Surveying Instrument, General Electric, GeoInfo Services

The Global Geographic Information System (GIS) Market was valued at USD 5.43 billion in 2016 and is projected to reach USD 13.18 billion by 2025, growing at a CAGR of 10.35% from 2017 to 2025.

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A geographic information system (GIS) is a system designed to capture, store, manipulate, analyze, manage, and present spatial or geographic data. Uses of GIS range from indigenous people, communities, research institutions, environmental scientists, health organizations, land use planners, businesses, and government agencies at all levels. Benefits of GIS includes - cost savings from greater efficiency, better decision making, improved communication, better record keeping, management of natural resources, instantaneous collaboration through the cloud, and improved allocation of resources and planning.

"Competitive Landscape":
The major players in the market are as follows:
1. Pitney Bowes Inc.
2. Autodesk, Inc.
3. Trimble Inc.
4. Topcon Corporation
5. Hexagon AB
6. Caliper Corporation
7. Computer Aided Development Corporation Limited (Cadcorp)
8. Hi-Target Surveying Instrument Co., Ltd
9. General Electric Co.
10. Macdonald, Dettwiler and Associates Ltd.
11. Bentley Systems, Incorporated
12. Environmental Systems Research Institute, Inc. (ESRI)

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

"Market Drivers"
1. Adoption of cloud computing in GIS
2. Development of 4D GIS software
3. Increasing adoption of GIS solutions in the transportation sector
4. Incorporation of geospatial technology with mainstream technologies for business intelligence
5. Development of Smart Cities and Urbanization

"Market Restraints'
1. Integration of GIS technology with other technologies
2. High cost
3. Issues with regulations

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