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.
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GIS collectors held the largest share of the overall
market in 2016. GIS collectors are used for collecting data related to
shop floors or fields. Data collection is a real time and event-oriented
process carried out by construction professionals. GIS collectors
derive data manually from a computer or directly from the place of their
origin.
The collectors allow construction professionals to carry out
accurate measurements such as site reconnaissance, progress measurement,
and site inspection. Moreover, collectors help in spatial analysis for
manipulating, extracting, locating, and analyzing the geographic data.
GIS collectors are widely adopted for capturing, storing, recovering,
analyzing, and displaying spatial data. GIS collector is expected to
dominate the market during the forecast period due to increasing demand
for data capturing and mapping in agriculture, construction, and
utilities.
Mapping function held the largest share of the
overall geographic information system (GIS) market in 2016. 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 of GIS. The market is driven
by the adoption of airborne devices and LIDAR imagery for collecting and
mapping the data. GIS software is becoming an essential tool for
combining maps and other geospatial information as it provides functions
and tools to store, retrieve, manage, display, and analyze all types of
geographic and spatial data.
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).
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).
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