openPR Logo
Press release

What's driving the Geographic Information System Market growth? Key Players are: Autodesk, Hexagon, Topcon, MacDonald, Geoinfo, Geosoft, Pitney Bowes, Supermap, Schneider Electric, ESRI, General Electric, Pasco Corporation, Bentley Systems, Trimble, Pitne

07-11-2019 01:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

/ PR Agency: marketstudyreport
What's driving the Geographic Information System Market

A collective analysis on ‘Geographic Information System market’ by Market Study Report, LLC, offers an exhaustive study based on current trends influencing this vertical throughout assorted geographies. Key information regarding market size, market share, statistics, application, and revenue are compiled in the research to develop an ensemble prediction. In addition, this research offers a detailed competitive analysis focusing on business outlook emphasizing expansion strategies accepted by market majors.

market is projected to surpass USD 9 billion by 2024. 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.
The Asia Pacific GIS 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.

Request a sample of this premium report titled at www.marketstudyreport.com/request-a-sample/1251683/?utm_source=Openpr.com&utm_medium=Deepak

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.

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 during the forecast period.

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 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 competition in the GIS market is driven by various technological innovations in the geospatial industry for facilitating the acquisition of spatial data. Due to product development initiatives and partnerships adopted by the GIS providers, the competition in the GIS market is expected to intensify over the forecast timeline.

For instance, in November 2017, Autodesk and Esri announced a strategic partnership for the amalgamation of their Building Information Management (BIM) and GIS mapping technologies to enable their shared customers to build a more connected infrastructure by synthesizing information from both the applications.

In January 2017, TerraGo, a GIS & GPS software company based in the U.S., partnered with CompassTools to deliver advanced GIS & GPS data collection solutions. CompassTools helps customers to deploy custom TerraGo mobile data collection solutions with integrated support for hardware and software platforms including Trimble and Esri.

Request a discount on standard prices of this premium report titled at www.marketstudyreport.com/check-for-discount/1251683/?utm_source=Openpr.com&utm_medium=Deepak
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 geospatial industry 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).

NOAAs 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.

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definition

1.1.6. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

1.2.2.1. Paid sources

1.2.2.2. Public sources

Chapter 2. Executive Summary

2.1. GIS industry 360º synopsis, 2013- 2024

2.1.1. Regional trends

2.1.2. Component trends

2.1.2.1. Hardware trends

2.1.2.2. Software trends

2.1.2.3. Service trends

2.1.3. Application trends

2.1.4. End use trends

Chapter 3. GIS Industry 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

Chapter 4. Competitive Landscape, 2017

4.1. Introduction

4.2. Competitive analysis of key market players

4.2.1. Autodesk, Inc.

4.2.2. Environmental Systems Research Institute, Inc. (ESRI)

4.2.3. General Electric Co.

4.2.4. Hexagon AB

4.2.5. Supermap

4.3. Competitive analysis of innovation leaders

4.3.1. Bentley Systems, Inc.

4.3.2. Pasco Corporation

4.3.3. Pitney Bowes Inc.

4.3.4. Topcon Positioning Systems, Inc.

4.3.5. Trimble, Inc.

4.4. Competitive landscape

Contact Us:

Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: www.marketstudyreport.com
Blog: www.marketstudyreport.com/blog

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's driving the Geographic Information System Market growth? Key Players are: Autodesk, Hexagon, Topcon, MacDonald, Geoinfo, Geosoft, Pitney Bowes, Supermap, Schneider Electric, ESRI, General Electric, Pasco Corporation, Bentley Systems, Trimble, Pitne here

News-ID: 1801301 • Views:

More Releases from marketstudyreport.com

Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Power Technologies (Schneider Electric), Simplex, Shenzhen Sikes, Pite Tech
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders. Load Bank Market Size was estimated
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - John Deere, CNH Industrial, Kubota, AGCO, Claas, Yanmar, Mahindra, LOVOL
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc., Volkswagen AG, SAIC Motors, BYD Auto Co. Ltd., BMW Group, Nissan Motor Co. Ltd., Hyundai Group
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028. The operation is done to stop ligament tears and
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - Garrett Motion, Hanon Systems, UQM Technologies, FISCHER Fuel Cell Compressor
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting

All 5 Releases


More Releases for GIS

Mobile GIS Market is Anticipated to Gain Moderate CAGR by 2027 | ESRI, GIS Cloud
Mobile GIS market research analysis depicts severe economic consequences caused due to the outbreak COVID-19, which affected the entire society and world economy. Present and previous pricing structure made here helps industry players to bring the right products into the market and gain huge returns. Newly entering market player needs to take the help of this Mobile GIS market research when launching any new product. A few of the vital
GIS Software Market 2025 by Component, Type of GIS Software, Functions, Organiza …
Increasing adoption of GIS for facilities management, integration of GIS with mainstream technologies for business intelligence, and growing demand for GIS software for smart cities development as well as urban planning have fueled the growth of the global GIS Software Market. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5259 The global GIS software market was valued at $3.24 billion in 2017 and is expected to hit $7.86 billion in 2025, registering a CAGR of 11.8% from
Geographic Information System Market (GIS) 2019 Global Analysis by Top Industry …
Global Geographic Information System Market 2019-2024 Research Report is an exhaustive study on the present industry scenario of the Global Geographic Information System market with a special focus on the industry and growth of the market. The Geographic Information System Market revenue was xx.xx Million USD in 2014, grew to xx.xx Million USD in 2018, and will reach xx.xx Million USD in 2024, with a CAGR of x.x% during 2019-2024.
Global Cloud GIS Market 2017: SuperMap, GeoStar, Google Maps (Google), Bing Maps …
Global Cloud GIS Market Report 2017-2022 Industry research report that focuses on Cloud GIS Market and provides in-depth Global Cloud GIS market analysis and future prospects of Cloud GIS market 2017-2022 analyses the crucial factors of the Cloud GIS market based on current industry conditions, market trends & demands, business methods embraced by Cloud GIS market contenders and their growth scenario. This report also provides in-depth data of Cloud GIS
Global Geographic Information System (GIS Software) Market 2017: Hexagon, Pitney …
The research Report titled Global Geographic Information System (GIS Software) market is an in-depth and a professional document that provides a comprehensive overview and depth perception of the key regional market standing of the Geographic Information System (GIS Software) trade on an global level that especially focuses on the core regions such as North & South America, Europe, Africa, South & Middle East Asia and Australia and also the key
Global Cloud GIS Market 2017-2022 Carto DB, ESRI, Hexagon, GIS Cloud, Mapbox
Cloud GIS Market Research Report A market study ” Global Cloud GIS Market ” examines the performance of the Cloud GIS market Size 2017. It encloses an in-depth Research of the Cloud GIS market state and the competitive landscape globally. This report analyzes the potential of Cloud GIS market in the present and the future prospects from various angles in detail. Request For Sample Report: http://bit.ly/2hgrZNQ The Global Cloud GIS Market 2017