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: 231

More Releases from marketstudyreport.com

Covid -19 Impact on Video Conferencing Market Size 2026: Top Companies, Trends a …
Market Study Report recently introduced new title on “2020-2026 Global Video Conferencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates Market size outlook and status to 2026. Video Conferencing Market size is anticipated to grow at over 19% CAGR between 2020 and 2026. The global video conferencing market is set to register a tremendous rise in its growth
What's driving the Patient Monitoring Devices Market Size? Fukuda, Philips, Skan …
Selbyville, Delaware the prime objective of Patient Monitoring Devices report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. Wireless segment is anticipated to witness more than 5% growth over the forecast period. Substantial growth can be attributed to rising preference for
What's driving the 3D Implants Market trends? Stryker, Smith and Nephew, DJO Glo …
The 3D Implants market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. Request a sample Report of 3D Implants Market at: https://www.marketstudyreport.com/request-a-sample/2679238/?utm_source=OPR.com/&utm_medium=SP The most likely (base case) scenario
Artificial Vascular Implants Market is thriving worldwide by 2025 | Top Key Play …
Global Artificial Vascular Implants Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Artificial Vascular Implants Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Vascular Implants market and provides information regarding the revenue for the period 2020 to 2025. The Artificial Vascular Implants market report provides

All 5 Releases


More Releases for GIS

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
Global Cloud GIS Market Analysis & Challenges 2025
Qyresearchreports include new market research report "Global Cloud GIS Market Size,Status and Forecast 2025" to its huge collection of research reports. Global Cloud GIS Market Research Report studies the growth behavior of the global Cloud GIS market, looking into demand drivers, opportunities, and competitive outlook over the 2017-2022 period. The report provides a 360 degree overview of the market, beginning with terms and terminologies, conventions, and notations before progressing into applications,
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 GIS Market Research Report 2017
GIS Revenue, means the sales value of GIS This report studies GIS in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering ABB Siemens GE Hitachi Toshiba CG Mitsubishi Hyosung Schneider-electric OMICRON ALSTOM Fuji Electric Tamco LARSEN & TOUBRO Tenaga Hyundai Nissin Chem Tatung Weilee Market Segment
3-GIS to attend SIF Operations Conference
3-GIS, a GIS software solutions company based in Decatur, Alabama will exhibit at the SIF Operations Conference March 28-30 at the Hilton Pensacola Beach Gulf Front in Pensacola Beach, Florida. 3-GIS will be demonstrating their newly released Field Express App, an Android and iOS mobile application, as well as their web based GIS editor, Network Express. 3-GIS will also be demonstrating their tablet integration with a high accuracy
Spatial SaaS Provider GIS Cloud Brings Its "GIS For The Masses' Message to Locat …
Boston, Massachusetts September 15, 2010 -- For many organizations realizing the complete benefits of real GIS has become too expensive or too complicated (or both). GIS Cloud's SaaS technology allows full-featured GIS to affordably flow throughout every part of an organization. In addition to supporting the Li Geocloud 2010 Conference as a Gold Sponsor, GIS Cloud will release the details of its "Freemuim" approach to Geospatial delivery. GIS Cloud allows anyone with