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.
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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
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.
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GIS collectors expected to dominate the market for GIS hardware between 2017 and 2023
The users face issues in collecting data in closed or
covered areas such as a dense forest. GIS collector helps users to
collect reliable and accurate data in these areas. GIS collector is
expected to dominate the hardware market during the forecast period
owing to the increasing demand for collectors for capturing and mapping
the data in agriculture, construction, and utilities. GIS collector
offers field data collection in both online and offline modes. It also
supports external GNSS/GPS receivers for improved spatial data
collection.
Construction held the largest size in the overall GIS market
The increase in industrialization and urbanization
propels the growth of the market in construction. The growing
construction activities across the world has created a demand for
surveying devices such as robotic total stations, GIS collectors, and
GNNS-based receivers and antennas. Mapping and surveying functions are
the major application areas for construction activities. GIS databases
are widely used in the integration of geospatial data with CAD tools for
engineering and designing of construction projects.
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Mr. Shelly Singh
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Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
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