11th September 2019 – Global Geographic
Information System (GIS) Market
is estimated to reach USD 11.2 billion by 2025. Geographic information systems
(GIS) implies the storage, gathering, manipulation, analysis, and presentation
of geo-spatial data related to any geographic location in the globe. There are
several input types of geographic information systems (GIS) that may include
satellite imagery, 3D scanners, existing maps, and aerial imagery among others
to generate digital maps of geographic locations. Geographic information
systems (GIS) applications are tools that permit operators to analyze spatial
information, create interactive queries (user-created searches), edit data in
maps, and present the results of all these operations.
The factors that propel
the growth of the market include increasing acceptance of GIS in urban
planning, smart cities, infrastructure development, coupled with increasing
location-based facilities. On the other hand, there are factors that may hamper
the growth of the market include lack of authentic spatial data, and high
initial set-up costs of the system. Geographic Information System (GIS)
industry is anticipated to grow at a significant CAGR in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
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The market may be explored
by components, usage, application, device, and geography. The market may be
explored by components as Services, Hardware, and Software. The “Services”
segment dominated the Geographic Information System (GIS) Market in 2016 and is
anticipated to maintain its dominance by 2025 owing to increasing use of
spatial data analytics in several applications such as taxi aggregators, urban
planning, and food delivery, among others. The market may be explored by usage
as Navigation, Surveying, and Mapping. The “Navigation” segment dominated the
Geographic Information System (GIS) industry in 2016 and is anticipated to
maintain its dominance by 2025.
The market may be explored
by application as Agriculture, Transport and Logistics, Oil & Gas, Mining
and Geology, Government, Utilities, Construction, and Aerospace and Defense.
The “Construction” segment dominated the Geographic Information System (GIS)
Market and is anticipated to maintain its dominance by 2025 due to increasing
construction activities across the globe has created a demand for surveying
devices such as GIS collectors, GNNS-based receivers and robotic total
stations, and antennas. Geographic Information System (GIS) industry may be explored
by device as Mobile, and Desktop.
Asia-Pacific accounted for
the major share of the Geographic Information System (GIS) Market and will
continue to lead in the forecast period. The factors that could be attributed
to the growth include increased use of GIS in construction, agriculture, and
utilities sectors in the region. Further, India, China and Japan witness a
comparatively higher saturation rate of Geographic Information System (GIS) as
compared to the other regions.
Some of the key players
that fuel the growth of the Geographic Information System (GIS) industry
comprise Autodesk, Inc., Hexagon AB, Bentley Systems, Inc., FARO Technologies,
Inc., Topcon Positioning Systems, Inc., Trimble, Inc., Environmental Systems
Research Institute (ESRI), Pitney Bowes, Inc., Dettwiler and Associates Ltd.,
MacDonald, Super Map Software Co., Ltd., Pasco Corporation, Ubisense Group
Plc., Schneider Electric SE, GeodeziaZrt, andSouth Surveying & Mapping
Instrument Co., Ltd. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
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