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Global GIS Market was valued US$ 67.5 Bn in 2017 and is expected to reach US$ 177.3 Bn by 2026, at CAGR of 12.8% during forecast period. Global GIS Market Global GIS Market is driven by rapidly increasing urbanization. The adoption of GIS solutions in enterprise applications is rising the demand for the system in emerging economies. The growth of global GIS market can also be attributed to the implantation of LIDAR (light detection and ranging) technology and increasing availability of spatial data and cloud technology. The GIS market is driven by increasing demand for location-based analytics among the businesses to improve the decision-making process and operational efficiency. The penetration of the IoT platforms in business operations has powered the generation of real-time location data for offering highly relevant and location-specific service to the customers. Government’s initiative for developing the GIS-based infrastructure is one of the key factors contributing to the growth of the GIS industry. In developing countries, many vendors have come up with innovative products to fulfil the requirements of the government. The extension of facility management infrastructure has also increased the penetration of enterprise GIS solutions in recent years. At the same time, GIS development is quite expensive. In addition to the costly software and hardware, the database development cost is usually very high hindering GIS market growth. Moreover, the skill development of the workers and the high maintenance costs of the database are factors limiting the adoption of these systems by small- and medium-scale industries. Mapping function hold the largest share of the overall geographic information system (GIS) market during forecast period. The use of mapping technologies has been growing rapidly in the application like construction, infrastructure, defence and security, transportation, agriculture, forestry, and environment. Developing countries like India and China are contributing to development programs such as urban planning and smart city, that helps to boost the GIS market. Also, the adoption of airborne devices and LIDAR imagery for collecting and mapping the data. GIS software is an essential tool for combining maps and other geospatial information as it provides functions and tools to store, retrieve, manage, display, and analyse all types of geographic and spatial data. The report studied that the North America GIS market held a major share of over 40% in 2017 and is expected to hold a major market share by 2026 as a result of the increasing government initiatives towards the growth and development of the industry. The focus and investments of the Federal government of the USA to deploy GIS software and services for its employees and other associated government bodies. The report gives the present scenario and the growth prospects of the Global GIS Market. The Global GIS Market 2017-2026 has been prepared based on in-depth market analysis. The report ensures the market size and its growth forecasts over the coming years. The report also includes a discussion of the key Players operating in the Global GIS Market. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global GIS Market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global GIS Market.
Scope of Global GIS Market:
Global GIS Market, By Component:
• Hardware o GIS Collectors o Total Stations o LIDAR o GNSS/GPS Antennas o Imaging Sensors • Software
Global GIS Market, By Function:
• Mapping • Surveying • Telematics and Navigation • Location-Based Services
Global GIS Market, By Application:
• Aerospace & Defense • Oil & Gas Exploration • Water & Wastewater • Government • Agriculture • Construction • Utilities & Mining • Transportation & Logistics • Engineering & Business Services • Oil & Gas Refining • Telecommunications • Healthcare
Global GIS Market, By Region:
• North America • Europe • Asia-Pacific • South America • Middle East & Africa
Key Players Operated in Market Include:
• Autodesk, Inc. • ESRI • Maxar Technologies • Environmental Systems Research Institute,Inc. • Hexagon AB • General Electric Co. • Pitney Bowes Inc. • Trimble Inc. • Topcon Corporation • Hi-Target Surveying Instrument Co.
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