Geographic Information System (GIS) Market Is Projected to Witness Exponential Growth By 2024 | Bentley Systems, ESRI, General Electric, Pasco Corporation, Pitney Bowes, Supermap, Schneider Electric

Geographic Information System (GIS) Market in 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.

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Geographic Information System (GIS) Market based on 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 (GIS) 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.

On account of the vast application and regional scope it comes as no surprise that the geographic information system (GIS) market players are making rapid headways in reinforcing their global positions in unique ways. Recently, for instance, a GIS startup AmigoCloud has announced that it is on a mission to make satellite mapping easier. In order to make digital mapping available for everyone, the company has developed a unique cloud-based GIS app which can be downloaded from Google Play and Apple Store. The proliferations of such different start-ups and core industry players, is undeniably expected to propel the commercialization potential of geographic information system (GIS) market in the ensuing years.

The competition in the geographic information system market is driven by various technological innovations in the geographic information system (GIS) market for facilitating the acquisition of spatial data. Due to product development initiatives and partnerships adopted by the GIS providers, the competition in the geographic information system (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.

According to a report compiled by Global Market Insights, Inc., the global geographic information system (GIS) market is estimated to be pegged at USD 4 billion in 2017, and is projected to hit a remuneration portfolio of USD 9 billion by 2024, depicting a 12% growth rate over the timeframe.

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North America is projected to account for a majority geographic information system (GIS) 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). 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 geographic information system (GIS) market growth between 2018 and 2024.

Glimpse of Table of Content (ToC)

Chapter 3. Geographic Information System (GIS) 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. Geographic information system market 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. Geographic information system market 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

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