At 12% CAGR, Geographic Information System Market to value $9B by 2024 | GIS Players: Bentley Systems, Esri, Pitney Bowes, Trimble, Hexagon AB, Topcon Positioning Systems
Global Market Insights, Inc. quotes, "Asia Pacific geographic information system (GIS) market is expected to grow at a CAGR of over 15% during the forecast timeline."
SELLBYVILLE, Del., Oct. 26, 2018 /PRNewswire-PRWeb/ -- The mapping application segment held majority of the geographic information system market share amounting to over 40% in 2017 due to the widespread adoption of the GIS software to integrate, manipulate and present the geospatial data and let the users to produce graphic display of information for analysis. GIS mapping software helps in mapping the position and any changes occurring in the areas and allow GIS professionals and surveyors to gain insights about changes that occur in the specific area.
The GIS adoption in the agriculture segment is expected to grow at a CAGR of over 15% between 2018 to 2024 due to the increasing applications of drone technology. Drones are rapidly being used by the farmers to assess crop condition. As these collect vegetation and topography related information, the demand for geographic information system (GIS) market will increase during the forecast timeline.
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The Global Navigation Satellite System (GNSS) antenna segment in geographic information system market 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 hardware segment dominated the GIS market with a share of around 55% in 2017 due to the large-scale adoption of GIS collectors and handheld devices equipped with high-resolution cameras and sensors to capture the spatial data. The data collectors enable organizations to capture geospatial data from varied sources which is then integrated and analyzed using GIS.
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Asia Pacific geographic information system market is expected to grow at a CAGR of over 15% during the forecast timeline. The GIS market growth is attributed to the factors such as rising urbanization and development of smart cities and various efforts taken by the government agencies to strengthen spatial infrastructure of the satcom industry which further triggers the need to have more advanced GPS systems and navigation platforms to capture the location-based data.
North America is projected to account for a majority geographic information system 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.
Some of the key players operating in the geographic information system (GIS) market are Bentley Systems, Supermap, Pasco Corporation, Autodesk, Schneider Electric, Pitney Bowes, ESRI, General Electric, Trimble, Hexagon, Topcon, MacDonald, Geoinfo, Geosoft, Harris Corporation, Hexagon, Hitachi Solutions, MDA Information Systems, and Unistrong.
Browse key industry insights spread across 240 pages with 211 market data tables & 28 figures & charts from the report, "Geographic Information System (GIS) Market Size By Component (Hardware [GIS Collectors, GNSS Antenna, Total Station, LiDAR], Software [Desktop GIS, Web GIS, Mobile GIS], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Application (Mapping, Surveying, Location-based Service, Telematics and Navigation), By End Use (Agriculture, Construction, Mining, Oil & Gas, Telecommunication, Government, Transportation and Logistics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia, South Korea, India, Southeast Asia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia, Israel), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/geographic-information-system-gis-market
Table of Contents (ToC) of the report:
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
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/geographic-information-system-gis-market
Chapter 6. GIS Market, By Application
6.1. Key trends, by application
6.2. Mapping
6.2.1. Mapping market estimates and forecast, by region, 2013-2024
6.3. Surveying
6.3.1. Surveying market estimates and forecast, by region, 2013-2024
6.4. Location-based services (LBS)
6.4.1. Location-based services (LBS) market estimates and forecast, by region, 2013-2024
6.5. Telematics and navigation
6.5.1. Telematics and navigation market estimates and forecast, by region, 2013-2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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