What’s Driving the Geographic Information System Market Trends? | Top Companies are Schneider Electric, ESRI, General Electric, Trimble, Hexagon, Topcon, MacDonald, Geoinfo, Geosoft, Hexagon, Hitachi, Unistrong

Geographic Information System Market in agriculture segment is expected to significant growth 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 agricultural sector has now widely adopted GIS and spatial mapping technologies for better assessing crop conditions, weather, and topography related information. The rapid adoption of drones for precision farming and agricultural applications have furthered the demand for GIS, in turn favoring the business growth.

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North America is projected to account for a majority market share of around 35% by 2024. The market growth is driven by the growth of the geographic information system market with the launch of new satellite navigation systems. For instance, in March 2018, NASA launched the next-generation weather satellites for the National Oceanic and Atmospheric Administration (NOAA). NOAA's Geostationary Operational Environmental Satellite-S (GOES-S) provides more accurate and detailed data to track storm systems, lightning, wildfires, coastal fog, and other hazards that affect the western U.S. The extensive presence of the major market players, such as Esri and Autodesk, in the region is also expected to drive the GIS market growth between 2018 and 2024.

The Asia Pacific geographic information system market is projected to register an accelerated growth at a CAGR of over 15% during the forecast period. Increasing urbanization and government-led initiatives to support the development of smart cities are projected to increase the demand for the technology between 2018 and 2024. The government agencies in the region are also contributing to the development of the spatial industry by investing in private ventures and space startups. For instance, in March 2018, the Japanese government approved USD 940 million for the space startups that act as a key to the long-term growth of the nation's space industry. This will further generate the demand for high-resolution GPS systems, receivers, and imaging sensors to capture and analyze the geospatial data in a better manner.

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

• Supermap
• Pasco Corporation
• Autodesk
• Schneider Electric
• Pitney Bowes
• ESRI
• General Electric
• Trimble
• Hexagon
• Topcon
• MacDonald
• Geoinfo
• Geosoft
• Hexagon
• Hitachi
• Unistrong

Chapter 3. geographic information system market Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2013-2024

3.4. GIS ecosystem analysis

3.4.1. GIS hardware component providers

3.4.2. GIS software providers

3.4.3. Cloud service providers

3.4.4. System integrators

3.4.5. Telecom service providers

3.4.6. Distributors

3.4.7. End users

3.5. Evolution of GIS technology

3.6. Benefits of GIS

3.7. GIS Architecture

3.8. Technology & innovation landscape

3.8.1. Big Data integration

3.8.2. GIS and remote sensing

3.8.3. Artificial Intelligence (AI) in GIS

3.9. Regulatory landscape

3.10. Industry impact forces

3.10.1. Growth drivers

3.10.1.1. Integration of location-based mapping systems with business intelligence systems

3.10.1.2. Increasing adoption of GIS for facilities management

3.10.1.3. Growing role of GIS in smart cities ecosystem

3.10.1.4. Increasing penetration of cloud-based GIS Platforms

3.10.1.5. Growing uptake of GIS technology in disaster management applications

3.10.2. Industry Pitfalls and Challenges

3.10.2.1. Data quality and accuracy issues

3.10.2.2. High initial investment

3.10.2.3. Integration issues with traditional systems

3.11. Porter’s Analysis

3.11.1. Threat of new entrants

3.11.2. Threat of substitutes

3.11.3. Bargaining power of buyer

3.11.4. Bargaining power of supplier

3.11.5. Industry rivalry

3.12. PESTEL analysis

3.13. Growth potential analysis

The technology is primarily used for storing, managing, and analyzing data & associated attributes, which are spatially referenced to the Earth. It is a geographic approach for spatial data analysis and links the data with descriptive information to offer businesses an easier way to analyze maps and reveal hidden patterns to answer a variety of questions related to geography. The organizations of all sizes and in almost every industry are dependent on geographic data to make decisions regarding allocating resources, targeting a market segment, planning a distribution network, and responding to emergencies. The GIS technology is becoming an essential tool to amalgamate various maps and remote sensing information to generate location-based models to be used by the organizations for business decision-making. Geographic information system market is projected to surpass USD 9 billion by 2024.

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GIS technology is used in a broad range of application areas including urban planning, disaster management, construction, mining, and transportation. For instance, facility managers make use of the GIS tools to support a variety of information systems and business processes for the facility management functions such as route mapping, building condition assessment, and space use optimization. Advancements in GIS technologies, such as location-based data services, are also expected to fuel the geographic information system market growth over the forecast period. Another factor contributing to the increasing uptake of the technology is the growing usage of cloud-based GIS platforms. The complexities related to storing and maintaining location-based data have accelerated the need to adopt cloud-GIS platforms for efficient data management, reduced cost, and improved productivity.

The Global Navigation Satellite System (GNSS) antenna segment is estimated to exhibit an excellent growth at over 10% CAGR during the forecast timeline. As new signals and frequencies are being increasingly used in modernized GNSS, the antennas are expected to play a critical role in the proper functioning of the GNSS receivers. The GIS professionals are increasingly using geodetic and handheld receiver antennas for high-precision and fixed-site GNSS applications to obtain high positional accuracy. The growing usage of the GNSS technology in various applications, such as precision agriculture, marine, construction, and surveying, is expected to support the increasing demand for these antennas in the geographic information system market during the forecast period.

Top key players in the geographic information system 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.

Browse key industry insights spread across 240 pages with 211 market data tables & 28 figures & charts from the report, “Geographic Information System Market Size By Component (Hardware [GIS Collectors, GNSS Antenna, Total Station, LiDAR], Software [Desktop GIS, Web GIS, Mobile GIS], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Application (Mapping, Surveying, Location-based Service, Telematics and Navigation), By End Use (Agriculture, Construction, Mining, Oil & Gas, Telecommunication, Government, Transportation and Logistics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia, South Korea, India, Southeast Asia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia, Israel), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:

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

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