Geographic Information System (GIS) Market | Function (Mapping, Surveying, Telematics and Navigation, Location-Based Service)- Global Forecast to 2023

The geographic information system (GIS) market is expected to be worth 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 geospatial solutions in transportation are some of the major factors driving the growth of the market. The high cost of geospatial solutions and geographic data collection barriers poses major restraining factors for the growth of this market. The market has been segmented on the basis of component, function, end user, and geography.

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Scope of the Report: This research report categorizes the GIS market on the basis of component, function, end user, and geography.

GIS Market, by Component:

• Hardware
  • GIS Collectors
  • Total Stations
  • LIDAR
  • GNSS/GPS Antennas
  • Imaging Sensors
• Software

Geographic Information System (GIS) Market, by Function        

• Mapping
• Surveying
• Telematics and Navigation
• Location-Based Services

Geographic Information System (GIS) Market, by End User

• Agriculture
• Construction
• Transportation
• Utilities
• Mining
• Oil & Gas

Geographic Information System (GIS) Market, by Geography

• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World (RoW)

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.

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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