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.
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.
The market for construction held the largest share of
the GIS market in 2016. GIS plays an important role in mapping and
surveying of construction sites and serves as a complete platform for
infrastructure development life cycle. Urban planning and infrastructure
development require accurate mapping and surveying of the geographic
area. GIS can accurately assess construction projects such as a dam,
bridge, sewer, canal, industrial park, water management, and power
plant. Geospatial tools are integrated with computer-aided design (CAD)
tools for civil engineering applications. The increasing urbanization
and growing population have created an urge for the use of geospatial
technologies for systematic and synchronized planning of land and other
resources.
The APAC region is expected to be the fastest-growing
region for the geographic information system (GIS) market. The use of
GIS for transportation planning, highway and roadway management,
forestry management, and precision farming is driving the growth of the
market in this region. With the increasing infrastructural growth in
various countries in APAC, GIS is expected to be implemented in smart
city planning and urban development programs. China is investing heavily
in infrastructure development and urban area planning. This investment
in construction would drive the market for geospatial surveying devices
such as GNSS receivers and GIS collectors. The growth of the market for
construction in Japan is creating opportunities for geospatial
technologies. With the emerging urban sector in India, there has been a
huge demand for geospatial technologies that support various types of
urban development projects.
Key market players such as Environmental Systems
Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), General
Electric Co. (US), Pitney Bowes Inc. (US), Autodesk, Inc. (US) , Trimble
Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument
Co. Ltd. (China), Beijing Unistrong Science & Technology Co., Ltd.
(China), Bentley Systems Incorporated (US), Blue Marble Geographics
(US), Caliper Corporation (US), Computer Aided Development Corporation
Limited (Cadcorp) (UK), Geosoft Inc. (Canada), Golden Software LLC (US),
SuperMap Software Co., Ltd. (China), Harris Corporation (US), and
Manifold Software Limited (Hong Kong) are focusing on product launch and
development, acquisition and collaboration, partnership and agreement
strategies to enhance their product offerings and expand their business.
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