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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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.
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 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.
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.
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).
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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.
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