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Geographic Information System (GIS) Market Report Forecasts Exponential Growth by 2022 - Scalar Market Research
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The report on the global Geographic information system (GIS) market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The global geographic information system market is growing at a steady pace during the forecasted period because of growth in urban population and requirement of geospatial information. A Geospatial solution is also being used in transportation facility, which is creating newer growth opportunities for the market.
2. Huge investment is made in construction industry in growing economies for obtaining geospatial information is creating newer growth opportunities for the GIS market.
3. However, the high cost associated with geospatial solutions is hampering the growth of the geographic information system market. There is an increase in demand for data capturing, agricultural and construction mapping and utilities sector which is promoting the market growth.
The global geographic information system market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia Pacific region holds the highest market share and is the largest revenue contributor for the geographic information system market. The region is dominant during the forecasted period because of rise of transportation and construction industry in emerging countries like India and China. The roadway management, forestry management and precision farming is also gaining pace with the help of geographic information system technology, which is boosting the market further. GIS is also being implemented in urban development programs which is boosting the market further.
KEY MARKET PLAYERS
Key players in the geographic information system (GIS) market include:
1. Hexagon AB
2. Topcon Corporation
3. Trimble Inc.
4. Autodesk, Inc.
5. Environmental Systems Research Institute, Inc. (ESRI)
6. Bentley Systems, Incorporated
7. Caliper Corporation
8. Computer Aided Development Corporation Limited (Cadcorp)
9. Pitney Bowes Inc.
10. Hi-Target Surveying Instrument Co., Ltd
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About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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