The geographic information system (GIS) market was
valued at USD 5.33 Billion in 2016 and is expected to reach USD 10.12
Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023.
Development of smart cities and urbanization, integration of geospatial
technology with mainstream technologies for business intelligence, and
growing adoption of GIS solutions in transportation are the key driving
factors for the market.
Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=55818039
https://www.marketsandmarkets.com/pdfdownload.asp?id=55818039
The base year considered for the study is 2016 and
the forecast period considered is between 2017 and 2023. The objective
of the report is to provide a detailed analysis of the Geographic
Information System (GIS) Market on the basis of component, function, end
user, and geography. The report provides detailed information regarding
the major factors influencing the growth of this market.
Mapping function held the largest size in the overall GIS market
The mapping function held the largest market size in
terms of value in 2016. Mapping offers better decision-making for
selection of agriculture sites, natural resource extraction, disaster
management, urban planning, and transportation modeling. Hence, the use
of mapping technologies has been growing rapidly in construction,
infrastructure, defense and security, transportation, agriculture,
forestry, and environment. Urban planning and smart city development
program in developing countries such as India and China have contributed
to the market growth of mapping function.
The research methodology used to estimate and forecast this market
begins with capturing data on key vendor revenue through the secondary
research such as IEEE journals, magazines, and leading players’
newsletters. The vendor offerings are also taken into consideration to
determine the market segmentation. The bottom-up procedure has been
employed to arrive at the overall size of the Geographic Information
System (GIS) Market from the revenue of key players. After arriving at
the overall market size, the total market has been split into several
segments and subsegments that have been verified through the primary
research by conducting extensive interviews with people holding key
positions such as CEOs, VPs, directors, and executives. The market
breakdown and data triangulation procedures have been employed to
complete the overall market engineering process and arrive at the exact
statistics for all segments and subsegments.
APAC expected to grow at the highest rate between 2017 and 2023
APAC is expected to be the fastest-growing market for
GIS during the forecast period. In this region, geospatial technologies
are being utilized for rural and agricultural development over the last
decade. In APAC, companies engaged in engineering and construction,
mining and manufacturing, insurance, and agriculture are implementing
geospatial technologies to identify potential markets and are using
geospatial information to make strategic decisions. Surveying and
mapping technologies are widely used in APAC. In addition, the
development of smart cities in China, India, and other Southeast Asian
countries has driven demand for 3D GIS in this region.
Major players involved in the software market include
Autodesk, Inc. (US), Bentley System, Incorporated (US), Environmental
Systems Research Institute, Inc. (Esri) (US), General Electric Co. (US),
Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation
(Japan), and Trimble Inc. (US).
Inquiry Before Buying:-
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=55818039
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=55818039
The hardware market was dominated by key players such
as Hexagon AB (Sweden), Trimble Inc. (US), Topcon Corporation (Japan),
Hi-Target Surveying Instrument Co., Ltd. (China), and Beijing Unistrong
Science & Technology Co., Ltd. (China).
The other players in this market include Blue Marble
Geographics (US), Caliper Corporation (US), Computer Aided Development
Corporation Ltd. (Cadcorp) (UK), Geosoft Inc. (Canada), Handheld Group
(Sweden), Harris Corporation (US), Hi-Target Surveying Instrument Co.
Ltd. (China), MacDonald, Dettwiler and Associates Ltd. (Canada), PASCO
CORPORATION (Japan), and SuperMap Software Co., Ltd. (China).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research
on 30,000 high growth niche opportunities/threats which will impact 70%
to 80% of worldwide companies’ revenues. Currently servicing 5000
customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify
most important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies
this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research
ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence
and market research platform, "RT" connects over 200,000 markets and
entire value chains for deeper understanding of the unmet insights along
with market sizing and forecasts of niche markets.
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com
No comments:
Post a Comment