-- The global Geographic Information System (GIS) Market has recorded a commendable upsurge in the last few years. The penetration of remote sensing platforms and navigation and positioning technologies to capture the spatial data objects and associated attributes will lead to an increase in demand for GIS hardware components, including imaging sensors, cameras, and GNSS antennas. The data captured by these components need to be integrated and analyzed for predictive analysis which further help the organizations to make informed predictions about the future events. This will increase the demand for GIS solutions during the forecast timeline. Increasing investments in the smart cities have further accelerated the adoption of GIS software which acts a common platform to enable easy integration and coordination of different participants of the smart city ecosystem.
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The hardware segment dominated the GIS market with a share of around 55% in 2017 due to the large-scale adoption of GIS collectors and handheld devices equipped with high-resolution cameras and sensors to capture the spatial data. The data collectors enable organizations to capture geospatial data from varied sources which is then integrated and analyzed using GIS.
The mapping application segment held majority of the geographic information system market share amounting to over 40% in 2017 due to the widespread adoption of the GIS software to integrate, manipulate and present the geospatial data and let the users to produce graphic display of information for analysis. GIS mapping software helps in mapping the position and any changes occurring in the areas and allow GIS professionals and surveyors to gain insights about changes that occur in the specific area.
The global GIS industry is considerably thriving on the copious amount of geospatial information used by the government agencies for taking data-driven decisions on national & state welfare. The government sector is in fact seen increasingly investing in deploying GIS software across the military, defense, and aerospace for carrying out terrain analysis, crucial surveillance as well as reconnaissance operations, battle field management, and monitoring of possible activities of terrorism.
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The agricultural sector has now widely adopted GIS and spatial mapping technologies for better assessing crop conditions, weather, and topography related information. The rapid adoption of drones for precision farming and agricultural applications have furthered the demand for GIS, in turn favoring the business growth. Estimates in fact claims the global Geographic Information System (GIS) Market from the agriculture segment to register a healthy growth rate of 15% over 2018-2024.
Asia Pacific geographic information system market is expected to grow at a CAGR of over 15% during the forecast timeline. The GIS market growth is attributed to the factors such as rising urbanization and development of smart cities and various efforts taken by the government agencies to strengthen spatial infrastructure of the satcom industry which further triggers the need to have more advanced GPS systems and navigation platforms to capture the location-based data. For instance, in May 2018, the Australian Federal budget allocated over USD 300 million for the establishment of space agency. According to the government, the funding includes USD 15 million dedicated to partnering with international space agencies to enable Australian businesses to compete in global space economy.
Some of the key players operating in the geographic information system (GIS) market are Bentley Systems, Supermap, Pasco Corporation, Autodesk, Schneider Electric, Pitney Bowes, ESRI, General Electric, Trimble, Hexagon, Topcon, MacDonald, Geoinfo, Geosoft, Harris Corporation, Hexagon, Hitachi Solutions, MDA Information Systems, and Unistrong.
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Geographic information system market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:
GIS Market, By Component
o Hardware
• GIS Collectors
• GNSS Antenna
• Total Station
• LiDAR
o Software
• Desktop GIS
• Web GIS
• Mobile GIS
o Service
• Training and Consulting
• Integration and Maintenance
• Managed Service
GIS Market, By Application
o Mapping
o Surveying
o Location-based Service
o Telematics and Navigation
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